4 May

“The two-day, closed-door meeting is likely to contain few surprises, since Fed Chair Jerome Powell has already tipped the likely decision. But crypto traders and counterparts in traditional markets will be watching closely for clues on the central bank’s future plans, with some economists now worried about the prospect of a recession at a time when consumer prices are already rising at their fastest pace in four decades.

Bond-market traders are almost unanimously betting on a 50 basis point increase. This would be the first time in 22 years that the Fed raised its benchmark rate by half a point.

The Federal Reserve is [also] expected to announce more details on how it will reduce its $9 trillion balance sheet, which more than doubled in size during the pandemic. While members of the FOMC have hinted at the pace and aggressiveness of shrinking the Fed’s holdings, analysts are still awaiting a definitive plan that would explain when the central bank will start the process.”

See Also: Bitcoin nervously awaits Fed as Paul Tudor Jones says ‘clearly don’t own’ stocks, bonds

India, with its large, web-savvy population, has seen a surge in interest from investors in its startups. VCs invested $23.5 billion in Indian startups in 2021. Of this, $587.16 million was allocated to crypto and Web 3 companies.

Marc Andreessen has in the past talked about how “tempting” India and other emerging markets are for investment opportunities.”

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“The U.S. securities regulator plans to hire another 20 people to police coin offerings, non-fungible tokens and decentralized finance.

Recent SEC proposals have indicated it could extend enforcement action to DeFi, which poses new regulatory risks. There are also reports that the agency is looking into whether NFTs should fall under its responsibility.”

See Also: EU Commission report suggests rethink of regulatory approach to DeFi
See Also: Hester Peirce Knocks SEC’s Plans to Add to Crypto Enforcement Staff

“ApeCoin DAO board member Yat Siu said that there is currently “no discussion” regarding an exclusive chain for APE.

Why can’t Yuga admit what everyone in the space knows — they messed up, the smart contract wasn’t optimized, the KYC free-for-all was a bad idea, the initial response blaming Ethereum was absurd.”