1. The Federal Reserve Will Provide Dollars to Global Central Banks

Odaily Planet Daily reports that Federal Reserve Chairman Powell stated that if there is a shortage of dollars, the Federal Reserve is prepared to provide dollars to global central banks. -Original

2. Panama Allows Government to Accept Cryptocurrency Payments

Odaily Planet Daily reports that Mayer Mizrachi, the mayor of Panama City, announced on the X platform that the Panama City Council has voted to approve a proposal allowing government public institutions to accept cryptocurrency payments, including taxes, fines, tickets, and licensing fees. The first supported cryptocurrencies include BTC, ETH, USDC, and USDT. This plan does not require new legislation but will convert cryptocurrency payments into dollars through cooperation with banks to meet the legal collection requirements of public institutions. -Original

3. Federal Reserve Chairman Powell: Labor Market is Stable

Odaily Planet Daily reports that Federal Reserve Chairman Powell stated that the labor market is stable and overall balanced, currently not putting pressure on inflation. For the 12-month period ending in March, PCE is expected to grow by 2.3%, and core PCE is expected to grow by 2.6%. -Original

4. U.S. Senators Call for the Abolition of the Federal Reserve

5. JPMorgan Reports Decline in Market Value of Bitcoin Mining Companies

6. Bank of America Survey Shows Decreased Risk Appetite

Odaily Planet Daily reports that Bank of America's monthly global fund manager survey shows that investors' risk appetite decreased in April, reaching the lowest level since May 2023. The survey found that a net 46% of investors indicated that they are taking on less risk than normal. -Original

7. Bybit Plans to Terminate Multiple Web3 Services

Cryptocurrency exchange Bybit announced in a notice released on April 16 that it will stop a series of Web3 products and services by the end of May. The exchange stated that this decision is part of a shift in its operational focus as Bybit enters a new phase of growth and innovation. The services to be discontinued include Bybit's Cloud Wallet and Keyless Wallet, which will no longer be available after May 31, 2025. Users are urged to transfer all assets (including tokens, NFTs, and inscription assets) from these wallets to their Bybit funding accounts or seed phrase wallets before the deadline. Failure to complete the transfer by the deadline may result in access delays and require additional verification. Additionally, Bybit will also close several Web3 trading features by the end of May, including its DEX Pro platform, Swap & Bridge services, and a broader NFT marketplace. Besides these changes, Bybit has already stopped supporting several other services as of April 8, including Inscriptions, NFT Pro, ApeX, Buy Crypto, and its Initial DEX Offering (IDO) platform. The company's Web3 points program will also cease on April 28. -Original

8. Russian Ministry of Finance Calls for the Creation of Cryptocurrency Stablecoins

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com)

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