Crypto Headlines: Powell Rejects Market Bailout, Humanity Protocol TGE Nears, NVIDIA Faces Export Ban

From Powell's Remarks on Whether the Fed Will Bail Out the Market to the Latest Developments of MELANIA, here are the latest updates shaping the crypto landscape.

U.S. Government Announces Indefinite Restriction on Exports of NVIDIA H20 Chips to China

According to Reuters, the U.S. Department of Commerce has announced new export licensing requirements for artificial intelligence chips, including NVIDIA H20 and AMD MI308. NVIDIA expects to record charges of up to $5.5 billion in the first quarter of fiscal 2026 related to H20 products, including inventory, purchase commitments, and related reserves. The report states that the U.S. Department of Commerce notified NVIDIA on April 9 that H20 chips would require a license to export to China and confirmed on April 14 that this regulation would be enforced indefinitely.

Powell: Don't Expect the Fed to Bail Out the Market, Trump Changes Daily

Federal Reserve Chairman Powell stated that expectations for the Fed to calm market volatility might be misguided. When asked if the Fed would intervene to address sharp stock market declines, Powell responded, “My answer is no, but I will explain.” Speaking at a conference in Chicago, Powell said, “I think the market is digesting the current situation, dealing with a lot of uncertainty, which means volatility.” Powell explained that given the significant changes in President Trump's tariff policies, market difficulties are understandable. He also noted that it's challenging to know in real-time what causes problems. Powell stated, “I've experienced many significant market fluctuations, like in the bond market. People usually form an idea and look back two months later to find that the initial view was completely wrong. So, it's too early to conclude what's happening in the market.” He pointed out that the market's turbulence is partly due to hedge funds deleveraging or reducing debt, adding, “In the short term, you might continue to see market volatility.”

SEC to Hold Third Cryptocurrency Policy Roundtable on Custody Issues on April 25

According to crypto journalist Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) has announced it will hold its third cryptocurrency policy roundtable on April 25, focusing on digital asset custody issues. The meeting will feature two panels: one discussing broker-dealer and wallet custody, and the other discussing investment adviser and investment company custody. Participants in the broker-dealer panel include representatives from well-known institutions such as Fireblocks, Anchorage, Fidelity, and Kraken.

Bitwise Lists Four Cryptocurrency ETPs on London Stock Exchange

According to GlobeNewswire, crypto asset management company Bitwise has listed four cryptocurrency exchange-traded products (ETPs) on the London Stock Exchange (LSE), further expanding its influence in the European market. The listed products include Bitwise Core Bitcoin ETP, Bitwise Physical Bitcoin ETP, Bitwise Physical Ethereum ETP, and Bitwise Ethereum Staking ETP. Among them, Bitwise Core Bitcoin ETP, with a 0.20% annual fee, becomes one of the most cost-effective Bitcoin ETPs in Europe, while Bitwise Physical Bitcoin ETP is the most liquid crypto ETP on Germany's XETRA trading platform. These products are designed for UK professional and wholesale investors, offering institutional-grade security and transparency, with all assets held in cold storage by independent trustees and featuring a physical redemption mechanism.

Republican States Pause Lawsuit Against SEC's Crypto Regulation

According to CoinDesk, Republican state attorneys general have requested a pause in the lawsuit against the U.S. Securities and Exchange Commission (SEC), citing potential resolution due to changes in SEC leadership. The lawsuit originally accused the SEC of overstepping its authority in regulating cryptocurrency exchanges, infringing on state regulatory powers.

North Carolina Passes Bill Allowing Investment in Bitcoin and Other Digital Assets

According to Cointelegraph, North Carolina's HB 92 bill has passed the House Pensions and Retirement Committee. The bill allows the state treasurer to invest in eligible digital assets, such as Bitcoin.

Humanity Protocol Founder: TGE Approaching, Launching $H Token Soon

Terence Kwok, founder and CEO of the digital identity project Humanity Protocol, stated, "Humanity is now entering the next phase. The H token is the economic engine of the verification network, aligning incentives among all parties in the ecosystem to achieve Humanity's long-term sustainability. The mission of H is to collaboratively drive the operation of open identity infrastructure on a large scale: verification, certification, confirmation, and management. The TGE is imminent, and H is coming soon."

DWF Labs Announces New Office in New York and $25 Million Investment in WLFI Tokens

According to an official announcement, cryptocurrency market maker DWF Labs has announced the establishment of a new office in New York, marking an important milestone in its global expansion strategy. Simultaneously, the company has strategically purchased $25 million worth of World Liberty Financial (WLFI) governance tokens, a decentralized financial protocol inspired by President Trump. DWF Labs will provide liquidity support for WLFI's USD1 stablecoin, which will be pegged 1:1 to the U.S. dollar and backed by assets such as short-term U.S. Treasury bills and dollar deposits. This expansion aims to strengthen cooperation with U.S. financial institutions, promote the adoption of blockchain technology, and support high-quality digital asset projects.

U.S. Public Company Janover Increases Solana Holdings and Partners with Kraken for Staking

According to The Block, Janover has acquired an additional 80,567 SOL (approximately $10.5 million), bringing its total holdings to 163,651.7 SOL (approximately $21.2 million). The company, held by a team of former Kraken executives, has officially announced a strategic partnership with Kraken, whereby Kraken will delegate some Solana staking rights to validator nodes operated by Janover. Janover plans to rename itself as DeFi Development Corporation and will immediately begin staking the newly acquired SOL to generate returns. Since implementing its Solana acquisition strategy, Janover's stock price has risen by 1,732%.

MELANIA Project Continues Liquidity Group Sales

According to analyst Ember's monitoring, the MELANIA project continues to sell through liquidity grouping: the community allocation address transferred 4 million MELANIA (approximately $1.72 million) to a new address 2 hours ago, and then added 1.2 million MELANIA (approximately $520,000) as one-sided liquidity on Meteora. These MELANIA added to the liquidity pool will be exchanged for SOL within a set range.