Bond investors have informed the U.S. Treasury Department of their concerns about Kevin Hassett's potential nomination as Federal Reserve Chairman, fearing he might aggressively cut interest rates to appease President Trump. According to multiple sources familiar with the matter, Treasury officials solicited feedback on Hassett and other candidates during one-on-one conversations with executives from major Wall Street banks, asset management giants, and other key players in the U.S. bond market. These sources said the discussions took place in November, before Treasury Secretary Bessenter launched the second round of interviews to find a successor to Powell. The Treasury Department stated that it "regularly communicates with a wide range of market participants and investors regarding important developments and dynamics in the U.S. Treasury market and the broader financial markets," adding, "In discussions with key stakeholders, the market's expectations for the potential asset outcomes of the five potential Fed Chair nominees are extremely narrow." As the White House's chief economic officer, Hassett has emerged as a leading candidate for the position in recent weeks, after Trump and Bessenter narrowed the shortlist of potential candidates from an initial 11. Trump said on Tuesday he plans to announce his nominee for Federal Reserve chair "early" next year, and hinted that Hassett is a "potential" contender. The dollar briefly fell after he mentioned Hassett.2

Donald Trump is in the news again for quietly setting free David Gentile, a private equity executive who is responsible for defrauding thousands of regular people in a scheme that landed him seven years in jail, as well as fines and restitution. That makes it yet another pardon that has not been granted to Sam […] source: https://www.cryptopolitan.com/trump-overlook-sbf-president-fresh-pardons/

Traders pushed SOL into a breakout zone, but the $145 level still holds the key. source: https://ambcrypto.com/wall-street-pours-45mln-into-solana-etfs-a-169-move-only-happens-if/

Leveraged crypto and other ETFs already exist for U. S. investors, but the SEC wants issuers to address risk concerns over proposed products. source: https://decrypt.co/350860/high-leveraged-crypto-etfs-hold-sec-warnings

According to PANews, BlackRock has released a report forecasting a rise in institutional adoption of cryptocurrencies due to the anticipated increase in U.S. debt, which is expected to surpass $38 trillion. The report, citing CoinDesk, suggests that traditional financial hedging tools may become ineffective, prompting institutions to turn to digital assets like Bitcoin. BlackRock's outlook on U.S. Treasury bonds and the American economy is pessimistic, highlighting economic vulnerabilities and leverage risks associated with artificial intelligence as factors driving this shift. BlackRock has identified Bitcoin ETFs as a significant revenue source, indicating that digital assets could reach new heights by 2026. CEO Larry Fink has emphasized that "tokenization" will be the next phase for financial markets. The report also notes that stablecoins have emerged as a crucial bridge between traditional finance and digital liquidity.

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.