According to BlockBeats, insiders from Wall Street and the U.S. business community are expressing concerns to U.S. President Donald Trump regarding the potential appointment of Kevin Hassett as Federal Reserve Chair. The apprehensions stem from Hassett's political role as Director of the National Economic Council and his perceived lack of credibility among Federal Reserve staff and market participants. The business community emphasizes the importance of the Federal Reserve's independence, fearing that Hassett's appointment could lead to increased long-term interest rates and internal chaos within the institution. If Hassett were to lower short-term rates through a divided vote amidst persistent inflation pressures, as Trump desires, it could be seen as political interference, potentially exacerbating inflation. Mortgage and consumer rates, which are benchmarked against the 10-year Treasury bond, might surge due to inflation concerns, potentially slowing the economy as midterm elections approach. Despite these warnings, Trump may choose to proceed with his decision. Other candidates for the Federal Reserve Chair position include Kevin Warsh and Federal Reserve Governor Christopher Waller, both considered potential contenders.

According to Odaily, U.S. asset management firm VanEck has revealed that its total assets under management have reached $171.7 billion. The company's digital asset management now exceeds $5.2 billion, covering its entire range of digital asset solutions. Additionally, VanEck announced an extension of the fee waiver period for its Bitcoin ETF, moving the deadline from January 10, 2026, to July 31, 2026.

null source: https://x.com/DaanCrypto/status/1996256142662807821

SEC issued nine letters blocking 3x and 5x ETF applications from Direxion, ProShares, and Tidal over Rule 18f-4 violations. source: https://coinpaprika.com/news/sec-halts-3x-5x-leveraged-etf-approvals

Market downturns offer better entry opportunities, but the narrative of "real gains" needs to be carefully discerned; not all falling tokens are worth buying at the bottom.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

The United States' growing debt problem could trigger sharp fluctuations in the price of Bitcoin. The US debt has now exceeded $38.3 trillion and is significantly increasing the money supply through a deficit of about $2 trillion.

Federal Reserve, Crypto Market, Possibility of a Bull Market Drive by the New Fed Chair (Golden Finance), Accelerated Rate Cuts, Resumption of QE?

BTC, Crypto Market, Bitcoin surges near $94,000: Has the "bubble" burst and is the crypto market entering a stabilization phase? Golden Finance: The crypto market is entering a stabilization phase and awaiting recovery.

Take a second look, confirm once more, avoid clicking or signing randomly, and leave yourself an extra layer of protection; store large assets separately, with a smaller account responsible for interaction and the main account only responsible for safekeeping.

Recommended reading tonight: 1. What happened to cause BTC to return to $93,000?; 2. Kalshi co-founder Lara: From professional ballet dancer to the world's youngest self-made female billionaire; 3. In-depth analysis of the Ethereum Fusaka upgrade;

A deep dive into EigenLayer's restaking journey: the pitfalls encountered and the achievements of EigenDA, all paving the way for EigenCloud's new direction.

The UK has passed a law recognising cryptocurrencies and digital assets as full property under the law. This gives holders legal rights, allowing easier recovery of stolen assets and inclusion in wills, bankruptcy, and inheritance.

The Federal Reserve will shed the technocratic caution of the Powell era and shift to a new mission that explicitly prioritizes lowering borrowing costs to advance the president’s economic agenda.