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Trump Fed Mistake Remark Everyone Is Getting Wrong

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Odds Trump Fed Chair Prospects

President Donald Trump sparked a viral debate on social media after a February 9 interview on Fox Business’s Kudlow show, where he discussed his decision-making around Kevin Warsh, his nominee for Federal Reserve (Fed) Chair.

Short clips circulating on X (Twitter) show Trump saying he “made a big mistake,” fueling confusion over whether he now regrets nominating Warsh.

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Trump Admits a “Big Mistake”—But Is It About Kevin Warsh or Powell?

In full context, Trump was reflecting on 2017, when he chose Jerome Powell over Warsh, who had been the “runner-up” at the time.

Trump said the decision was influenced by advice from then-Treasury Secretary Steven Mnuchin, calling it a “really big mistake.”

Far from expressing current regret, Trump praised Warsh, describing him as a “high-quality person” capable of delivering extraordinary results if confirmed.

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Trump’s comments included an eye-catching claim: if Warsh “does the job that he’s capable of,” the US economy could grow as much as 15%. Notably, this projection is far beyond historical peaks of 4–7% growth in strong years.

This bold statement has sparked widespread debate, with speculation that Warsh will be set up as a “fall guy” if such ambitious expectations are not met.

“…drive economic growth to 15%—a highly optimistic claim that highlights the pressure Warsh would face if confirmed…signal Trump’s push for aggressive stimulus ahead of midterm elections and suggest a challenging path for Warsh,” remarked Walter Bloomberg, a popular market commentator.

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Meanwhile, the remarks also have clear market implications. Analysts and crypto commentators have interpreted Trump’s enthusiasm for Warsh as a signal that the next Fed leadership could favor lower interest rates, stronger liquidity, and pro-growth policies.

“Trump is directly signaling lower rates and stronger liquidity support…This is the clearest signal yet that the next Fed direction could be more growth-focused and liquidity-friendly,” analyst Bull Theory commented.

With a Fed chair who will cut rates and dismiss concerns about inflation, such growth would normally push prices sharply higher.

Posts on X highlight potential implications for Bitcoin, gold, and other risk assets. The general sentiment is that Warsh’s policy approach could lead to easier monetary conditions, reminiscent of “yield curve control” or coordinated Treasury-Fed operations.

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However, misleading captions and out-of-context clips have driven a spike in engagement, with some speculating about alternative nominees like Judy Shelton or questioning whether Warsh could be withdrawn.

However, data on Polymarket shows a modest 3% probability of Trump nominating Shelton, against 95% odds in favor of Warsh.

Odds Trump Fed Chair Prospects
Odds Trump Fed Chair Prospects. Source: Polymarket

Fact-check threads and full-clip posts are attempting to clarify that Trump’s “mistake” comment referred to the past, not the present nomination.

Memes, commentary, and speculation about inflation, debt levels, and Fed independence have made the discussion one of the most viral economic topics on X in recent days.

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Warsh himself has a history that blends traditional central banking experience with a measured openness to financial innovation.

A former Fed Governor (2006–2011) and Hoover Institution senior fellow, he is known as an inflation hawk who favors fiscal restraint and a smaller Fed balance sheet.

He has personal exposure to crypto, investing in projects such as Basis and Bitwise, though he views Bitcoin primarily as a store of value rather than a transactional medium.

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Sentiment suggests his tenure could indirectly support risk assets by providing macro stability and eventual clarity on rate policies. However, any direct crypto rally is unlikely until he assumes office in May 2026 and policy actions materialize.

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Ethereum (ETH) Price Analysis: Whale Buying Intensifies as Network Staking Demand Explodes

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Ethereum (ETH) Price

Key Highlights

  • ETH recovered from $1,830 lows to approach $2,200 before consolidating around the $2,000 zone
  • Whale wallets and veteran holders continue accumulating at the current $2,000 support threshold
  • Spot Ethereum ETFs in the United States experienced $90 million in net outflows over the past week
  • The validator entry queue has exploded to 3.4 million ETH, a dramatic increase from 904,000 in early January
  • Ethereum co-founder Vitalik Buterin unveiled the Minimmit proposal to streamline finality from two rounds to one

Ethereum’s recent price action has been marked by significant volatility. After dropping to approximately $1,830 in late February, the asset staged an impressive recovery, climbing to nearly $2,200. Following this rally, ETH has retraced and is currently consolidating around the psychologically important $2,000 threshold.

Ethereum (ETH) Price
Ethereum (ETH) Price

The $2,000 price point has emerged as a critical battleground. Blockchain analytics reveal that major wallet addresses have been accumulating during recent price weakness. Instead of distributing holdings, long-term market participants are increasing their positions. Futures market data indicates that derivatives traders maintain predominantly bullish positioning.

Source: Santiment

Analysis of cost-basis metrics reveals substantial ETH volume last changed hands near the $2,000 mark. This concentration suggests numerous investors have breakeven positions at current levels, creating a natural incentive to defend this price floor.

From a technical perspective, Ethereum is developing a converging wedge pattern. The asset attempted to breach $2,200 resistance but was rejected, establishing a lower peak. Meanwhile, an ascending support trendline continues to provide upside momentum. This compression pattern indicates an imminent breakout.

Should ETH successfully clear $2,200, technical analysts identify $2,400 and $2,750 as subsequent resistance targets. Conversely, a breakdown below $2,000 would likely expose support areas near $1,850 and $1,750.

Institutional ETF Withdrawals Create Headwinds

Spot Ethereum exchange-traded funds in the United States recorded $90 million in net withdrawals over the recent trading week. This outflow pattern suggests certain institutional participants are reducing their exposure. The capital exit has contributed to diminished near-term buying momentum.

The overall market sentiment remains measured. Macroeconomic uncertainties continue to influence investor behavior, with some large-scale market participants apparently trimming positions in anticipation of potential economic shifts.

Despite these challenges, Ethereum’s price has maintained its position above crucial long-term support levels. Bearish forces have been unable to trigger a more substantial downturn.

Technical indicators present a mixed picture. The Relative Strength Index currently sits at 49, indicating neutral momentum. The MACD remains in negative territory at -55.8. However, both the Commodity Channel Index and Stochastic Oscillator readings suggest building upward pressure.

Staking Demand Reaches Unprecedented Levels

Demand for Ethereum staking has accelerated dramatically. The validator activation queue has ballooned to 3.4 million ETH, representing a substantial increase from approximately 904,000 ETH recorded in early January. Current estimates place the waiting period at roughly 60 days.

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Corporate entities and cryptocurrency exchanges are increasingly choosing to stake their ETH holdings rather than liquidate them. Market observers note that institutional players are prioritizing yield generation over keeping assets dormant.

In parallel developments, Vitalik Buterin introduced a significant proposal to enhance Ethereum’s consensus mechanism. The Minimmit proposal aims to replace the existing two-round Casper FFG finality protocol with a more efficient single-round alternative.

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This architectural change involves important compromises. While fault tolerance would decrease from 33% to 17%, Buterin contends that censorship resistance would improve, and the threshold required to finalize invalid chain history would increase from 67% to 83% of staked ETH.

This modification represents one component of Ethereum’s comprehensive development strategy to reduce slot times from the current 12 seconds to potentially 2 seconds, while achieving single-digit second finality.

Ethereum is presently trading around $2,000, representing a significant decline from its previous cycle peak near $4,900.

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Binance, CZ Cleared in US Civil Suit Over Alleged Terror Financing

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💪

A US federal judge has dismissed a civil lawsuit seeking to hold cryptocurrency exchange Binance and its founder Changpeng Zhao responsible for transactions allegedly linked to terrorist organizations involved in dozens of attacks worldwide.

Key Takeaways:

  • A US federal judge dismissed a lawsuit accusing Binance and Changpeng Zhao of enabling crypto transactions tied to terrorist attacks.
  • The court ruled that plaintiffs failed to show Binance intentionally supported or was directly linked to the alleged attacks.
  • Plaintiffs may amend and refile the complaint despite the case being dismissed.

In a decision issued March 6, US District Judge Jeannette Vargas in Manhattan ruled that the plaintiffs failed to establish a credible connection between Binance and the attacks, according to a report by Reuters.

The lawsuit was filed by 535 plaintiffs, including victims and family members of victims, who claimed that digital asset transactions conducted through the exchange supported violent operations carried out between 2017 and 2024.

Plaintiffs Accuse Binance of Enabling Crypto Transfers Tied to 64 Attacks

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The complaint alleged that several groups designated as foreign terrorist organizations, including Hamas, Hezbollah, Iran’s Revolutionary Guard, Islamic State, Kataib Hezbollah, Palestinian Islamic Jihad and Al-Qaeda, used cryptocurrency transactions facilitated through Binance to move funds connected to at least 64 attacks.

According to the filing, hundreds of millions of dollars in crypto transactions were allegedly processed through accounts associated with these groups.

The plaintiffs also argued that billions of dollars in trading activity with Iranian users indirectly benefited groups linked to the attacks.

Judge Vargas concluded that the allegations did not demonstrate that Binance or Zhao intentionally supported the operations.

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In her ruling, she stated that the plaintiffs had not plausibly shown the defendants “culpably associated themselves with these terrorist attacks” or acted in a way that helped bring them about.

The judge added that the connection between the exchange and the alleged actors appeared limited to standard customer relationships.

According to the ruling, the groups or their affiliates simply held accounts and conducted transactions on Binance in what the court described as an “arms’ length relationship.”

Vargas also criticized the scale of the lawsuit, noting that the complaint stretched across 891 pages and included more than 3,100 paragraphs.

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Despite the seriousness of the accusations, she described the filing as unnecessarily lengthy.

The court allowed the plaintiffs the opportunity to revise and refile their complaint.

In court filings, Binance and Zhao rejected the accusations and reiterated their condemnation of terrorism. Zhao also argued that the lawsuit attempted to capitalize on the exchange’s earlier legal troubles.

Binance reached a settlement with US authorities in November 2023, agreeing to pay $4.32 billion in penalties after pleading guilty to violations involving anti-money-laundering and sanctions laws.

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Binance Denies Iranian Sanctions Violations in Response to US Senate Probe

On Friday, Binance rejected allegations that it violated Iranian sanctions in a letter responding to an inquiry from US Senator Richard Blumenthal.

The probe followed a Wall Street Journal report claiming the platform processed roughly $1.7 billion in transactions linked to Iranian entities and sanctions-evasion activity connected to Russia.

In its response, Binance called the reporting “false” and unsupported by credible evidence. The exchange said it takes regulatory obligations seriously and disputed claims that it knowingly facilitated transactions tied to sanctioned parties.

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Binance also stated that it investigated two Hong Kong-based partners mentioned in the report, Hexa Whale and Blessed Trust.

According to the company, internal reviews were launched after law enforcement inquiries, leading to the removal of Hexa Whale from the platform in August 2025 and Blessed Trust in January 2026 as part of its compliance process.

The post Binance, CZ Cleared in US Civil Suit Over Alleged Terror Financing appeared first on Cryptonews.

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Florida Senate Approves First Stablecoin Bill, Awaits DeSantis’ Signature

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Florida Senate Approves First Stablecoin Bill, Awaits DeSantis’ Signature

Florida lawmakers have approved a state-level framework regulating payment stablecoins, moving the legislation to Governor Ron DeSantis’ desk for final approval.

In a Friday post on X, Samuel Armes, founder of the Florida Blockchain Business Association, revealed that Senate Bill 314 has cleared the Florida Senate unanimously. The measure is set to become law once signed by DeSantis, which Armes expects within the next month.

“It has now passed the Senate and the House, and will be signed by DeSantis within the next 30 days!” he wrote on X.

Florida Senate passes stablecoin bill. Source: Samuel Armes

The bill establishes regulatory guidelines for payment stablecoin issuers operating in Florida. Working alongside House Bill 175, the measure introduces consumer protection standards and financial oversight rules aligned with the federal GENIUS Act, which was signed into law in July.

Related: Florida narrows scope of revived Bitcoin reserve proposal for 2026

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Florida bill amends money laundering law to include stablecoins

Under SB 314, Florida’s Control of Money Laundering in Money Services Business Act will be amended to explicitly include stablecoins. The update requires stablecoin issuers to comply with existing financial regulations while banning unlicensed issuance within the state. The legislation also clarifies that certain payment stablecoins will not be classified as securities.

Issuers based outside Florida must notify the state’s Office of Financial Regulation (OFR) before operating. Oversight will depend on the structure of the issuer. Some stablecoin operators will fall exclusively under the OFR, while others will face joint supervision alongside the Office of the Comptroller of the Currency.

The law also addresses potential risks tied to stablecoin incentives. Qualified issuers will be barred from paying interest or yield to holders if federal rules prohibit such payments.

Related: Trump sues JPMorgan in Florida court for $5B over debanking claims: Report

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Florida revisits state crypto investment bill

In October last year, Florida lawmakers revived efforts to integrate cryptocurrencies into state investment strategies. The Florida House Bill 183, filed by Republican Representative Webster Barnaby, would allow the state and certain public entities to allocate up to 10% of their funds into digital assets. The revised proposal expands beyond Bitcoin (BTC) to include crypto exchange-traded products, crypto securities, non-fungible tokens and other blockchain-based assets.