Southbound Funds Record Net Inflows Exceeding HKD 10 Billion

DOJ drops criminal investigation into Fed Chair Powell: the Warsh appointment track is fully unblocked, and U.S. Treasury yields immediately fall

The U.S. Department of Justice announced that it is withdrawing the criminal investigation into Fed Chair Powell, handing the matter over to the Fed’s Inspector General for follow-up, and temporarily removing the Senate’s obstacle to Warsh’s appointment. The market reacted immediately: U.S. Treasury yields fell and the stock market rose; Democrats questioned the timing. Pirro said this is a phased arrangement, and that if evidence is needed, the investigation could be restarted. Powell’s term runs until 2026, and whether he remains in office will affect subsequent nominations, underscoring the gray area of Fed independence under political pressure.

U.S. Oil Market Under Investigation for Suspicious Insider Trading; Trump Policy Dominates Market Movements

Gate News message, April 25 — Macro trends and geopolitical tensions dominated market movements this week. U.S.-Iran tensions continue to pressure oil prices and global risk assets, with the Strait of Hormuz blockade unresolved and negotiations shifting toward "complete ceasefire." Risk-off

SGX and RMB Partner to Open African Currency Markets to Global Traders

Singapore Exchange's foreign exchange arm has partnered with Rand Merchant Bank to integrate African currency liquidity into its electronic trading platform, creating a direct link between regional markets and global participants. Under the arrangement, RMB will feed its pricing and liquidity

DOJ Drops Powell Investigation, Clearing Path for Crypto-Friendly Warsh as Fed Chair

The U.S. Department of Justice has dropped its criminal investigation into Federal Reserve Chair Jerome Powell, clearing the way for the Senate to confirm incoming central bank chair Kevin Warsh. U.S. Attorney for the District of Columbia Jeanine Pirro announced on Friday that she would be closing t

U.S. Treasury Secretary Yellen Says Dollar's Dominant Status and Reserve Currency Position Further Strengthened

Gate News message, April 24 — U.S. Treasury Secretary Janet Yellen stated that the dollar's dominant status and reserve currency position have been further strengthened.

U.S. April One-Year Inflation Expectations Fall to 4.7%, Below Forecasts

Gate News message, April 24 — U.S. one-year inflation expectations for April came in at 4.7%, falling short of the market forecast of 4.8% and the previous month's reading of 4.8%.