The Dow Jones closed down 557.37 points, while the S&P 500 and Nasdaq also fell
ChainCatcher news, according to Gate market data, the Dow Jones index closed down 557.37 points, or 1.13%, at 48,941.9 points on May 4 (Monday); The S&P 500 closed down 29.37 points, or 0.41%, at 7,200.75; The Nasdaq Composite closed down 46.64 points, or 0.19%, at 25,067.8.
Fed Williams, there is no need to consider raising interest rates at this time
ChainCatcher news, according to Golden Ten, Fed Williams said there is no need to start considering raising interest rates at this time.
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ChainCatcher and 1 source
Fed Williams: The tendency to accommodate reflects long-term policy trends
ChainCatcher news, according to Jinshi, Fed Williams said that the Fed's policy leaning towards easing mainly reflects possible long-term policy trends. The long-term outlook still suggests that interest rate cuts will eventually occur.
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ChainCatcher and 1 source
Trump: Fed Chairman Powell is a disaster for the United States, interest rates are too high
ChainCatcher news, according to Jin Shi, US President Trump said that Federal Reserve Chairman Powell is a disaster for the United States, believing that current interest rates are too high.
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ChainCatcher and 1 source
Williams: Inflation continues to be above target is the focus of the central bank
ChainCatcher news, according to Golden Ten, Fed Williams said that continued inflation is clearly the focus of central bank officials.
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ChainCatcher and 1 source
Williams, the neutral rate may be higher than the recent low reading
ChainCatcher news, according to Golden Ten, the Federal Reserve's Williams said that the neutral interest rate (R-star) may be higher than the recent low reading.
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ChainCatcher and 1 source
Williams: Long-term inflation expectations have changed little and are encouraging
ChainCatcher news, according to Golden Ten, Fed Williams said that we haven't seen much change in long-term inflation expectations, which is encouraging.
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ChainCatcher and 1 source
Williams: Balancing the job market helps curb inflation
ChainCatcher news, according to Golden Ten, Fed Williams said that a balanced job market can help curb inflation.
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ChainCatcher and 1 source
Williams: The job market break-even point is between 0 and 50,000 jobs per month
ChainCatcher news, according to Golden Ten, the Fed's Williams said that the break-even point of the job market may now be between 0 and 50,000 jobs per month.
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ChainCatcher and 1 source
Nagel: If the inflation outlook does not improve, a rate hike may be held in June
ChainCatcher news, according to Jinshi, ECB Governing Council member Nagel said that if the inflation outlook does not improve, it means that a rate hike may be raised in June.
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Odaily and 1 source
Trump: If Iran attacks US ships, it will be "wiped off the face of the earth"
Odaily Planet Daily News US President Trump: If Iran attacks US ships, it will be "wiped off the face of the earth". (Jin Shi)
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ChainCatcher and 1 source
Williams: Tariffs and energy are the main inflation drivers
ChainCatcher news, according to Golden Ten, Fed Williams said tariffs and energy are the main inflation drivers, and underlying inflation remains generally stable. He noted that inflation expectations remain under control as a positive sign.
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ChainCatcher and 2 sources
Fed's Williams: Inflation is expected to be 3% this year, returning to the 2% target in 2027
ChainCatcher news, according to Golden Ten, the Federal Reserve Williams said that inflation is expected to be 3% this year and is expected to return to the 2% target in 2027. At the same time, he predicts that the US economy will grow between 2% and 2.25% this year, and the unemployment rate will remain around 4.25% to 4.5%.
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ChainCatcher and 1 source
Williams: U.S. monetary policy remains well-positioned in an uncertain economic environment
ChainCatcher news, according to Golden Ten, Federal Reserve Williams said that U.S. monetary policy is still in a good position to deal with the uncertain economic environment.
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ChainCatcher and 1 source
Williams: The Fed's dual mission faces rising risks
ChainCatcher news, according to Jinshi, Fed Williams said that the risks to the Fed's dual mission have risen and the economy is facing an unusual situation.
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ChainCatcher and 1 source
DTCC will launch limited trading of tokenized assets in July, which has received feedback from BlackRock, Circle, and others
ChainCatcher news, the American Depository Trust and Clearing Corporation (DTCC), the core institution of custody and settlement in the U.S. market, announced that it will begin facilitating preliminary, limited actual asset production transactions in July 2026 and fully launch its tokenization services in October. The service was approved late last year through a no-action letter from the U.S. Securities and Exchange Commission (SEC), allowing DTCC to provide participants with the ability to tokenize specific highly liquid assets on pre-approved blockchains over a three-year authorization period, including Russell 1000 index constituents, ETFs tracking major U.S. stock indexes, and U.S. Treasuries, notes, and bonds.
Frank La Salla, President and CEO of DTCC, said: "We believe tokenization will significantly change the way markets operate, bringing new levels of liquidity, transparency, and efficiency to investors. "More than 50 companies will now participate in the DTCC industry working group, including Morgan Stanley, Nasdaq, Kraken parent company Payward, Robinhood Markets, and others, while BlackRock, Circle, and others have provided feedback. As financial firms explore bringing traditional assets on-chain, interest in tokenization surges, a shift that promises 24/7 transactions and faster settlements.
Aave filed an urgent motion to revoke the asset freeze notice against Arbitrum DAO
ChainCatcher reported that Aave LLC has filed an urgent motion to revoke the asset freeze notice issued to Arbitrum DAO. The notice attempted to seize approximately $71 million in ETH, which belonged to the victims of the April 18 attack.
Aave says attackers don't take legal ownership of stolen property just because they steal, and the law makes it clear that this is the case. These recovered assets are intended to be returned to users who were compromised in the April 18 attack. Freezing these assets hurts precisely the users that the recovery action is supposed to protect. Aave has requested an emergency court hearing and temporarily lifted the freeze order while continuing to work with the Arbitrum community and DeFi United to compensate affected users.
Coinbase has made a strategic investment in Kemet and connected its derivatives trading to an institutional-grade execution platform
According to ChainCatcher, Coinbase announced a partnership with Kemet, an institutional-grade trading system provider, to expand institutional customers' access to its multi-market trading system.
According to the cooperation, Kemet will integrate Coinbase's multiple trading platforms, including Coinbase Exchange, Coinbase Derivatives Exchange, Coinbase International Exchange, and Deribit, enabling institutional users to complete unified trade execution and strategy management across spot, futures, and options within a single platform. At the same time, Coinbase Ventures will make a strategic investment in Kemet to support the long-term collaboration between the two parties in the field of institutional trading infrastructure. Coinbase stated that the goal of this cooperation is to further strengthen its positioning as an "institutional-grade trading core platform" and provide deeper liquidity integration and execution capabilities between spot, futures and options markets, allowing institutional customers to directly access Coinbase's full product system and optimize trading efficiency through the Kemet platform.
Ansem: The current market is similar to the "altcoin season", but the target has shifted to equity assets
Odaily Planet Daily News Ansem posted on the X platform that the current market trend is similar to the "altcoin season", but the object of capital attention has shifted from crypto altcoins to stock assets that support 24-hour perpetual contract trading, and its trading is mainly focused on the Tradexyz platform.
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Odaily and 1 source
A drone attack caused a fire in the Fujairah oil industrial zone in the United Arab Emirates
Odaily Planet Daily News The media office of Fujairah in the United Arab Emirates confirmed on the 4th that a fire broke out in the Fujairah oil industrial zone due to an attack by a drone from the direction of Iran. (Xinhua News Agency)
