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Bitcoin has experienced a significant decline in daily selling volume on major exchanges, dropping from 81,000 BTC to 29,000 BTC, as highlighted by CryptoQuant analyst Axel Adler Jr. in an April 1 post on X.
Quick Take The Sei Foundation has launched the Sei Development Foundation to support the growth of the Sei protocol and advance crypto innovation in the U.S. Beyond supporting developers and founders, the Sei Development Foundation seeks to leverage increasing regulatory optimism to boost U.S. crypto entrepreneurship.
Fed Chair Powell expected to shift from QT toward QE focused on Treasuries Linked to Treasury financing needs discussed with Sec. Bessent; Hayes eyes summer Potential QE may support fiscal goals (deficit reduction, Trump trade policy)
- 21:25Probability of Powell Being Removed as Fed Chair This Year Rises to 18% on PolymarketAccording to official website data, the probability of Powell being removed as the Fed Chair this year on Polymarket has risen to 18%.
- 21:09DCG CEO Admits "Better Off Hoarding Bitcoin", Industry Leaders Predict BTC Could Reach One Million DollarsDigital Currency Group (DCG) CEO Barry Silbert reflected in a podcast that holding onto the Bitcoin purchased during early 2012 crypto projects (at a buying price of $7-8) would have yielded higher returns. He also pointed out that most cryptocurrencies currently lack actual monetary value. Meanwhile, Bitcoin minimalists predict that BTC might exceed one million dollars within the next decade. Bitcoin Policy Institute (BPI) head Zach Shapiro stated that if the U.S. government announced the purchase of one million BTC, it would trigger a market shock. The Trump Crypto Council is also exploring ways to increase BTC holdings through gold reserve reevaluation or tariffs to address the U.S. debt crisis. Asset management company VanEck analyzed that BTC-tied bonds could potentially help reduce the $14 trillion national debt.
- 21:08The Wall Street Journal: Trump Privately Discussed Firing Powell and Appointing Former Fed Governor Warsh as SuccessorAccording to The Wall Street Journal, sources familiar with the matter revealed that President Trump has been privately discussing for months the possibility of firing Federal Reserve Chairman Powell, although he has yet to make a final decision on whether to remove him before his term ends next year. Sources say that during a meeting at Mar-a-Lago, Trump discussed with former Fed Governor Kevin Warsh the possibility of firing Powell before his term ends and potentially selecting Warsh as his replacement. However, Warsh advised against dismissing Federal Reserve Chairman Powell, believing that his term should end without interference. U.S. Treasury Secretary Besent also opposed Trump's intention to remove Powell.