The EU Revised Semiconductor Act will allow the European Commission to directly invest in semiconductor fabs

April 30 — Coinbase’s Asset Management division has launched CUSHY, a digital credit strategy that links the traditional credit market to the fast-growing digital asset ecosystem, per official sources. For eligible investors and institutional clients, CUSHY offers tokenized shares with transparency and 24/7 on-chain access, backed by FundOS. FundOS is a next-gen integrated platform from Superstate that enables asset managers to tokenize funds. Superstate connects traditional financial assets to the crypto capital market via on-chain public listings and tokenized investment products, expanding investment channels, boosting liquidity, and driving capital formation. CUSHY is structured as a diversified opportunistic credit strategy, targeting additional yield opportunities created by capital migrating to the blockchain.

April 30 Official sources confirm the UK Financial Conduct Authority (FCA) has released new guidance clarifying how businesses can leverage Distributed Ledger Technology (DLT) under the regulator’s existing rulebook. The new rules will also boost fund transaction efficiency—including an optional “Direct to Fund (D2F)” model that lets investors transact directly with funds, whether those funds are traditional or tokenized. The FCA noted it collaborated closely with industry stakeholders to craft this guidance and rules, aimed at supporting innovation and improving asset management efficiency.

Per Bitget market data, U.S. stocks opened on April 30 with the Dow Jones Industrial Average up 0.45%, the S&P 500 gaining 0.36%, and the Nasdaq Composite rising 0.57%.

April 30 – The Japanese government and Bank of Japan (BOJ) intervened in foreign exchange markets on April 30 by buying yen and selling U.S. dollars, Nikkei Asian Review reported. The yen earlier hit a 19-month low against the dollar, with the exchange rate rising above 160 yen per dollar, before rebounding to above 155 yen per dollar that day. A government official confirmed the intervention to the outlet.

April 30 – Berenberg Chief Economist Felix Schmidt said the European Central Bank (ECB) held interest rates steady as expected. The bank’s statement was brief and largely unsurprising. Today’s economic data doesn’t yet support a rate hike: growth is weaker than forecast, and while inflation is rising, it has lost momentum. So far, inflation has been driven entirely by direct energy price impacts. The ECB will monitor the degree of indirect effects in the coming months. AFS Group Research Director Arne Petimezas noted the ECB Governing Council’s statement had nothing new—only stating the obvious: the shock is worse than projected in the March baseline scenario, and we’re likely in an adverse scenario. (Source: FXStreet)

On April 30th, cryptocurrency exchange Gemini received a Derivatives Clearing Organization (DCO) license from the U.S. Commodity Futures Trading Commission (CFTC)—a move that allows the crypto platform to expand its non-spot trading operations. Gemini co-founder and President Cameron Winklevoss noted the firm is developing a more robust "super app" to enable users to trade additional asset classes beyond crypto tokens. Like U.S.-based crypto exchanges Coinbase and Kraken, Gemini is shifting toward a multi-asset trading platform.