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According to Odaily, Federal Reserve Chair nominee Kevin Warsh faced questions in the Senate Banking Committee confirmation hearing about his financial disclosure exceeding 100 million US dollars, potential conflicts of interest, and the independence of the Federal Reserve. Senator Elizabeth Warren questioned whether he might give special accounts to the Trump family’s crypto company or offer bailouts to Wall Street. Kevin Warsh stated that his holdings include cryptocurrencies and AI companies, and pledged that, if his nomination is approved, he would divest these assets before taking office. Regarding cryptocurrencies, Kevin Warsh said digital assets are a part of the US financial services industry. He also denied that Trump had ever asked him to commit to any specific rate decision. Currently, Jerome Powell's term will end on May 15, and Polymarket users predict there is a 78% probability Warsh's nomination will be approved before June.

The two-year German bond yield rose by 6.7 basis points to 2.526%, trading within a range of 2.456%-2.531% throughout the day, with a generally steady upward trend. The 30-year German bond yield remained flat at 3.547%. The spread between the 2-year and 10-year German bond yields narrowed by 4.519 basis points to +47.456 basis points, with an overall downward trend.

BlockBeats News, April 22, according to Coinglass data, as Bitcoin slightly rises and remains volatile, current mainstream CEX and DEX funding rates indicate the market is still broadly bearish, with specific funding rates shown in the attached image. BlockBeats note: The funding rate is a fee set by cryptocurrency trading platforms to keep contract prices aligned with the underlying asset price, typically applied to perpetual contracts. It is a mechanism for capital exchange between long and short traders; trading platforms do not charge this fee but use it to adjust the cost or profit of holding contracts, ensuring contract prices remain close to the underlying asset price. When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate exceeds 0.01%, it means the market is generally bullish. When the funding rate is below 0.005%, it means the market is generally bearish.