Crypto Compass by BitcoinWalletSG #118

Wall Street Slides as Trump Targets Fed Chief Powell 📉

U.S. markets tumbled midweek after President Donald Trump lashed out at Fed Chair Jerome Powell, accusing him of failing to support economic growth amid rising tariffs. The S&P 500 dropped 2.3%, with investors rattled by political interference concerns and broader uncertainty around fiscal and monetary policy. This added to fears already swirling from ongoing U.S.–China trade tensions, further fueling market volatility.

IMF Chief: Global Economy May Withstand Tariff Pressures 🌍

Despite escalating tariff tensions, IMF Managing Director Kristalina Georgieva believes the global economy can avoid slipping into a recession. She acknowledged that growth will likely slow and inflation may rise, but emphasized that most economies remain resilient. Georgieva called for agile monetary policy and global cooperation to navigate the uncertainty sparked by U.S. trade actions.

VanEck Bitcoin ETF Records $11.7M Inflow, Supports BTC Developers 🟠

The VanEck Bitcoin ETF saw a notable $11.7 million inflow on April 22, reflecting renewed investor interest amid market volatility. Unique to this ETF, 5% of its profits are allocated to support Bitcoin core developers, directly contributing to the ecosystem's growth. The move highlights rising institutional participation and a growing emphasis on sustainable crypto development.

Paul Atkins Sworn In as New SEC Chair, Signals Shift in Crypto Regulation 🏛️

Paul Atkins has officially taken over as the 34th Chair of the U.S. Securities and Exchange Commission (SEC). Known for his pro-market stance, Atkins is expected to guide the SEC toward a more favorable regulatory environment for digital assets. His appointment could mark a turning point in how crypto is governed in the U.S., with potential reforms aimed at clarity and innovation.