Crypto Morning Brief: Powell Says Fed Won't Step In to Rescue Markets, Humanity Protocol Approaching TGE

2025.04.17

Crypto Morning Brief: Powell Says Fed Won't Step In to Rescue Markets, Humanity Protocol Approaching TGE

The SEC will host its third cryptocurrency policy roundtable on April 25, focusing on custody issues.

2025.04.17 - 01:11:26

鲍威尔美联储HumanityProtocol

Navigating Web3 tides with focused insights

The SEC will host its third cryptocurrency policy roundtable on April 25, focusing on custody issues.

Author: TechFlow

Yesterday's Market Dynamics

U.S. Government Announces Indefinite Restrictions on Exports of NVIDIA H20 and Other Chips to China

According to Reuters, the U.S. Department of Commerce has announced new export licensing requirements for artificial intelligence chips including NVIDIA’s H20 and AMD’s MI308. NVIDIA expects to record charges of up to $5.5 billion in its first quarter of fiscal year 2026 related to H20 products, including inventory, purchase commitments, and associated reserves.

The report states that the U.S. Department of Commerce notified NVIDIA on April 9 that export licenses would be required for H20 chips shipped to China, and confirmed on April 14 that this rule will be enforced indefinitely.

Powell: Don't Expect the Fed to Rescue Markets; Trump Changes Every Day

Federal Reserve Chair Jerome Powell said expectations that the Fed will step in to calm market volatility may be misplaced. When asked whether the Fed would intervene in response to sharp stock market declines, Powell responded: "My answer is no—but let me explain." Speaking at an event in Chicago, he added: "I think markets are digesting the current situation. They're dealing with a great deal of uncertainty, and that means volatility." Powell noted it's understandable that markets face challenges given the rapidly shifting tariff policies of President Trump. He also explained that it's difficult to know in real time what exactly is driving turmoil. "I’ve been through many episodes of major market volatility, like in the bond market. Often people form a view at the time, then look back two months later and realize they were completely wrong. So it's too early right now to say definitively what’s happening in the markets." For now, he pointed out, some of the market turbulence appears tied to hedge funds reducing leverage or debt, adding: "In the short term, you may continue to see market volatility."

SEC to Host Third Crypto Policy Roundtable on April 25 Focusing on Custody Issues

According to crypto journalist Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) has announced it will hold its third crypto policy roundtable on April 25, focusing specifically on digital asset custody. The event will feature two panel discussions: one on broker-dealer and wallet custody, and another on investment adviser and investment company custody. Participants in the broker-dealer panel include representatives from prominent firms such as Fireblocks, Anchorage, Fidelity, and Kraken.

Bitwise Lists Four Cryptocurrency ETPs on London Stock Exchange

According to GlobeNewswire, crypto asset management firm Bitwise has listed four cryptocurrency exchange-traded products (ETPs) on the London Stock Exchange (LSE), expanding its footprint in the European market. The newly listed products are the Bitwise Core Bitcoin ETP, Bitwise Physical Bitcoin ETP, Bitwise Physical Ethereum ETP, and Bitwise Ethereum Staking ETP.

The Bitwise Core Bitcoin ETP carries an annual fee of just 0.20%, making it one of the most cost-effective bitcoin ETPs in Europe, while the Bitwise Physical Bitcoin ETP is the most liquid crypto ETP on Germany’s XETRA trading platform. These products are designed for professional and wholesale investors in the UK, offering institutional-grade security and transparency, with all assets held in cold storage by independent trustees and featuring a physical redemption mechanism.

Republican-Led States Pause Lawsuit Against SEC Over Crypto Regulation

According to CoinDesk, attorneys general from Republican-led states have requested a pause in their lawsuit against the U.S. Securities and Exchange Commission (SEC), citing potential leadership changes at the SEC that could resolve the dispute. The lawsuit originally alleged that the SEC overstepped its authority in regulating cryptocurrency exchanges, infringing on state regulatory powers.

North Carolina Passes Bill Allowing Investment in Digital Assets Like Bitcoin

According to Cointelegraph, North Carolina’s HB 92 bill has passed through the House Committee on Pensions and Retirement. The bill would allow the state treasurer to invest in qualifying digital assets such as Bitcoin.

Humanity Protocol Founder: TGE Approaching, $H Token Launch Imminent

Terence Kwok, founder and CEO of digital identity project Humanity Protocol, posted that “Humanity is now entering its next phase. The H token is the economic engine of the verification network, aligning incentives across the ecosystem to ensure Humanity’s long-term sustainability. H’s mission is to collaboratively drive open identity infrastructure at scale—verifying, authenticating, confirming, and managing. The TGE is approaching. H is coming.”

DWF Labs Announces New Office in New York and $25 Million Investment in WLFI Token

In an official announcement, crypto market maker DWF Labs revealed the opening of a new office in New York, marking a key milestone in its global expansion strategy. Simultaneously, the firm has strategically acquired $25 million worth of World Liberty Financial (WLFI) governance tokens—a decentralized finance protocol inspired by former President Donald Trump. DWF Labs will provide liquidity support for WLFI’s USD1 stablecoin, which is pegged 1:1 to the U.S. dollar and backed by assets such as short-term U.S. Treasuries and dollar deposits. This expansion aims to strengthen collaboration with U.S. financial institutions, promote blockchain adoption, and support high-quality digital asset projects.

U.S. Public Company Janover Increases Solana Holdings and Partners with Kraken on Staking

According to The Block, Janover has purchased an additional 80,567 SOL (approximately $10.5 million), bringing its total holdings to 163,651.7 SOL (around $21.2 million). The company, controlled by former Kraken executives, has officially announced a strategic partnership with Kraken, under which Kraken will delegate part of its Solana staking stake to validator nodes operated by Janover. Janover plans to rebrand as DeFi Development Corporation and will immediately begin staking its newly acquired SOL to generate yield. Since implementing its Solana acquisition strategy, Janover’s stock price has surged by 1,732%.

MELANIA Project Team Continues Selling via Liquidity Pool Deployment

Analyst Yujin reports that the MELANIA team continues selling through liquidity deployment: Two hours ago, 4 million MELANIA tokens (worth approximately $1.72 million) were transferred from a community allocation address to a new address. Subsequently, 1.2 million MELANIA tokens (about $520,000) were added as single-sided liquidity on Meteora. These tokens deposited into the liquidity pool will be swapped for SOL within a predefined price range.

Gaoshan Academy 2025 Class Announced, Featuring Multiple Crypto Industry Figures Including Du Jun

According to official announcements, the Gaoshan Academy 2025 cohort has been released, including several prominent figures from the crypto industry: Jun Du, Executive Director and CEO of Huoxin Technology; Victor Ji, Co-Founder and CEO of Manta Network; Vincent Guo, Co-Founder of FSL Group; Xin Hu, Founder and CEO of Xinhuo Technology; Jack Lao, CEO of Louding Technology; Zhengxin Capital Founder; Kenny Liang, Managing Director of Kronos Research; Alex Xu, Founding Partner of ZX Squared Capital; Frank Yang, Founding Partner of Hashlook; and JDK Capital Founder.

Gaoshan Academy is a privately initiated scientific nonprofit organization founded on the vision of “scientific renaissance,” the principle of “learning without teaching, pursuing knowledge through exploration,” and the shared belief in “public-mindedness and intellectual living.” It aims to guide entrepreneurs, business leaders, and public figures in studying science while promoting scientific thinking and knowledge throughout society.

Market Data