Crypto Morning Buzz: Trump Eyes Fed Shakeup Binance Drops WCT on Launchpool Arizona Greenlights Bitcoin Mining Rights
In today’s whirlwind of crypto and macroeconomic updates, regulatory shifts, presidential power plays, and DeFi project launches are shaping markets and sentiment alike. From Trump pushing for Supreme Court authority to fire independent agency heads—potentially impacting the Federal Reserve—to Binance’s latest Launchpool rollout, here’s your comprehensive Crypto Morning Report.
Trump Seeks Supreme Court Approval to Fire Independent Agency Heads, Including Fed Chair
In a politically seismic move, former President Donald Trump has petitioned the U.S. Supreme Court for the right to fire senior officials at independent federal agencies. If granted, this could radically alter the balance of executive power—potentially allowing future presidents to dismiss figures such as the Federal Reserve chairman.
The case challenges a 90-year-old ruling that restricts the president’s authority over such firings. A special hearing may be scheduled for May 2025. The implications for monetary policy and central bank independence are immense, especially as markets brace for Trump’s evolving stance on tariffs and economic strategy.
U.S. Inflation Data Cools Sharply in March
The U.S. Consumer Price Index (CPI) data for March delivered a surprise dip:
- Unadjusted CPI YoY: 2.4% (vs. expected 2.6%, previous 2.8%)
- Adjusted CPI MoM: -0.1% (vs. expected 0.1%)
- Core CPI YoY: 2.8% (below forecast of 3%)
- Initial Jobless Claims: 223,000 (in line with expectations)
The Fed now faces a crossroads: cut interest rates to stimulate growth amid tariff risks, or hold the line to avoid reigniting inflation. Traders are closely watching dovish or hawkish pivots in the coming weeks.
Binance Launchpool Debuts WalletConnect (WCT)
Binance Launchpool has launched its 67th project, WalletConnect (WCT)—a decentralized protocol enabling users to securely connect with dApps.
Launchpool Details:
- Start Date: April 11, 2025 (08:00 UTC+8)
- Supported Tokens for Staking: BNB, USDC, FDUSD
- Reward Pool: WCT tokens
- Duration: 4 days
- Trading Opens: April 15, 2025, 19:00 (UTC+8)
- Pairs: WCT/USDT, WCT/USDC, WCT/BNB, WCT/FDUSD, WCT/TRY
Binance is also airdropping 490 PROMPT tokens to users active on Binance Alpha before April 10.
Arizona Legalizes Bitcoin Mining Rights
In a significant crypto-rights victory, Arizona has passed the Bitcoin Mining Rights Bill (HB 2342). The legislation protects individuals and businesses engaged in mining or operating nodes from zoning restrictions or operational bans.
The bill passed the state Senate 17-12 and now awaits the governor’s signature. It signals growing U.S. state-level support for crypto infrastructure protection.
SEC Clarifies Crypto Asset Securities Guidance
The SEC’s Division of Corporation Finance issued fresh regulatory guidelines on April 10, outlining key considerations for crypto asset issuers:
- Business model descriptions
- Risk disclosures
- Security classification
- Management information
This move aims to streamline compliance and offer clarity to emerging projects, under the SEC’s dedicated crypto working group.
Solana and Avalanche ETFs in the Spotlight
The Fidelity Solana ETF has been officially accepted by the SEC, with the Cboe BZX Exchange set to list it as a commodity-based trust share. Simultaneously, VanEck has submitted a proposal for an Avalanche ETF to trade on Nasdaq, indicating increased institutional push into layer 1 blockchain ecosystems.
ZKFair Addresses Security Rumors, Confirms Multi-Sig Upgrade
Facing rumors of a potential rug pull, ZKFair reassured users via its community platform that funds are safe, and the cross-chain bridge has been upgraded from a ZK-based design to a multi-signature architecture.
This shift boosts security and withdrawal speeds after delays caused friction in the community. Despite concerns flagged by security expert Yu Sen (SlowMist), no fund loss has been reported.
Stay tuned as crypto markets evolve alongside macroeconomic policy, regulatory changes, and DeFi innovation. The convergence of finance and tech continues to write new rules—and opportunities—for the digital economy.
