News

On April 30, according to monitoring by Hyperinsight, a whale starting with address 0xe60 created a short-term buy order for 3,052 ETH on Hyperliquid in the past hour, closing out an ETH short position that previously amounted to $11.7 million. The average closing price was $2,249, resulting in a profit of $246,000. Address: 0xe60dcdf2648394b6082452707210a23017607738.

Glonghui, April 30 – Rising oil prices dragged down industrial stocks and consumer-sensitive shares, leading to a lower open for European stocks. The release of numerous corporate earnings reports also triggered significant volatility in individual stocks. Germany's DAX index, which is heavily weighted with industrial stocks, fell 1%, with automobile stocks plunging markedly after Volkswagen reported a decline in first-quarter revenue. France's CAC 40 index dropped 1.2%, led lower by banking stocks, as Crédit Agricole slid 4.7%. Stellantis declined 7.4% after releasing its results. The UK's FTSE 100 index was flat, as gains in oil giants offset declines in other sectors within the index. Spain's IBEX 35 index opened down more than 3%, dragged lower by banking stocks with Banco Santander slipping 2.7%. Italy's FTSE MIB index fell 1.2%.

On April 30, the focus of 'Trump Economics' shifted from the relatively stable short-term trajectory of interest rates to a more profound question: what direction will the Federal Reserve take under Kevin Walsh, the nominee for Fed Chair by Donald Trump? This came on the day of what could be Jerome Powell's last meeting as Fed Chair. Walsh gained support in a narrow party-line vote of 13 to 11 in the Senate Banking Committee after the government decided to suspend a highly criticized criminal investigation against Powell. Krishna Guha of Evercore ISI told Flanders that based on Walsh's recent confirmation hearing, he is positioning himself as an architect of 'systemic change,' marking a break from the eras of Ben Bernanke, Janet Yellen, and Powell. Walsh has sharply criticized the Fed's inflation response during the pandemic, indicating his desire to reassess how policymakers model price pressures, relying more on supply-side analysis and potentially shifting towards alternative inflation indicators that downplay tariff-driven inflation surges.