Connect with us

Crypto World

Who is Kevin Warsh? Trump’s pick to lead the Federal Reserve

Published

on

Trump picks Kevin Warsh for Federal Reserve chair to succeed Jerome Powell
Trump picks Kevin Warsh for Federal Reserve chair to succeed Jerome Powell

In his first stint at the Federal Reserve, Kevin Warsh came to a central bank that was about to be asked to save the world. He returns now under very different circumstances, asked to serve a notoriously fickle president who will place significant but very different demands on him.

Warsh indeed is a Fed veteran, serving during the critical period of 2006 to 2011 that led up to and ultimately through the global financial crisis and the central bank’s efforts to stabilize the economy. Appointed by President George W. Bush, Warsh was one of the youngest members ever to serve on the board of governors.

While at the Fed, Warsh played an important role in the design and implementation of emergency lending programs aimed at stabilizing credit markets. Warsh also played a key role in helping devise the myriad programs aimed at rescuing the economy. One of those programs, developed separately at the Treasury Department, became known as the Troubled Asset Relief Program, developed by Neel Kashkari, who is now the Minneapolis Fed president.

However, Warsh emerged from the era as a Fed critic.

Advertisement

He warned that large-scale asset purchases and near-zero benchmark interest rates ran the risk of distorting markets and undermining long-term price stability. While supporting the earlier efforts, Warsh voted against the second round of Fed bond buying, a program known as quantitative easing.

Kevin Warsh, former governor of the US Federal Reserve, speaks with CNBC on July 17, 2025.

CNBC

‘Central casting’

Warsh has further criticized the post-financial crisis Fed with going too far in monetary policy stimulus, contending that it is helping sow the sees for further crises. In some respects, President Donald Trump is appointing a Fed chair who may be even less inclined to accommodate political pressure than Powell.

Advertisement

Trump cited Warsh’s extensive background in announcing his appointment to the top Fed post Friday morning.

“On top of everything else, he is ‘central casting,’ and he will never let you down,” the president posted on Truth Social.

Warsh, is a Stanford University graduate who earned his law degree from Harvard. Before joining the Fed, he worked in investment banking at Morgan Stanley and served in the George W. Bush White House as a special assistant to the president for economic policy.

While positioning himself as a defender of Fed independence, Warsh also has criticized it for mission creep and told CNBC in an interview last year at the central bank needs “regime change.”

Advertisement

Warsh made his misgivings about the current Fed.

“The credibility deficit lies with the incumbents that are at the Fed, in my view,” he said during that July interview. It’s a position that could put him in an adversarial role at an institution where consensus building is key to policy implementation.

Despite multiple missteps on policymaking, Fed Chair Jerome Powell has largely been able to keep the Fed consensus together. However, in recent months that has faltered, with each of the past several meetings featuring at least one and sometimes multiple dissents.

Warsh’s appointment would mark a sharp philosophical shift from Powell’s pragmatic, consensus-driven approach and signal a potential tightening of the Fed’s tolerance for inflation and balance-sheet expansion.

Advertisement

Can Warsh sway the Fed Committee?

But if Trump thinks Warsh will be able to just push through aggressive rate cuts with ease, he might have an unpleasant surprise in store. Multiple voting members on the Federal Open Market Committee have expressed resistance to cutting further until there’s more evidence that inflation is definitively moving towards the central bank’s 2% inflation goal.

Moreover, the full group of Fed officials in December indicated they see just one more rate cut coming in 2026, then another in 2027. In the aggregate, that’s in line with market expectations, with futures traders pricing in two cuts this year and none next year.

Traditionally, though, the chair has been first among equals when it comes to voting on the FOMC, so Warsh may be able to tilt the group in at least a bit more dovish direction.

“We see Warsh as a pragmatist not an ideological hawk in the tradition of the independent conservative central banker,” Krishna Guha, head of global policy and central bank strategy at Evercore ISI, said in a note. “Because he has a hawkish reputation and is seen as independent, he is better placed to bring the FOMC along with him to deliver at least two and plausibly three cuts this year than some rivals.”

Advertisement

So while Warsh may prove an ideological ally of the administration, how that translates into action will be a key question.

“Analytically, we expect he will be strongly aligned with the Administration’s arguments that booming productivity will allow for neutral or accommodative rates even with robust growth,” wrote Tobin Marcus, head of U.S. policy and politics at Wolfe Research. “But it all depends how the data comes in, as we expect the rest of the FOMC will remain data-dependent and focused on the workhorse Fed models that Warsh has criticized.”

Warsh emerged from a competitive derby that one included 11 candidates, an array of past and present Fed officials, leading economists and a few Wall Street investment professionals including BlackRock fixed income chief Rick Rieder. That field was whittled down to five then four before Warsh emerged as the selection.

Trump made no secret of the most important criteria — a willingness to slash rates lower and keep them low. The president has expressed the importance of lower rates as both a way to help the moribund U.S. housing market and to help lower financing costs for the $37 trillion U.S. debt.

Advertisement

Before all that, he will have to be confirmed by a Senate during a ticklish political situation.

The Trump Justice Department has been investigating the massive renovation project at the Fed’s Washington, D.C. headquarters and has served Powell with a subpoena demanding information. Republican Sen. Thom Tillis has vowed to block any Trump Fed nominees until that situation is cleared up.

Once that hurdle is cleared, Warsh would face a full Senate on which Republicans still command a majority.

“The Warsh pick is likely to have broad support – Democrat economist Jason Furman is out early in favor – and he should be relatively easy to confirm in the Senate,” Guha said.

Advertisement

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto World

Precise Systems of Fairness and Transparency in Crypto

Published

on

Precise Systems of Fairness and Transparency in Crypto

Since the publication of the Bitcoin whitepaper in 2008, crypto has offered the promise of open accessibility, neutral rules, and verifiability for everyone. While crypto has continued to hold true to this mission, trading platforms have since departed from this universal truth. Hidden restrictions, inconsistent withdrawals and shifting rules have eroded trust and created a system where true ownership is no longer a guarantee.

Eighteen years later, traders have learned to understand that fairness isn’t just a selling point, rather a system that needs to be verified. The next phase of crypto depends on systems where fairness is designed into the architecture itself, not retroactively justified.

It’s this promise and verifiability that rests as the core mission of Zoomex: a global crypto exchange that’s been trusted for over five years. From day one, Zoomex was built around a simple but increasingly rare belief that fairness must be felt, consistently delivered and provable at every step of the trading journey.

When fairness is designed into the system, users don’t need to ask for trust, they can verify it.

Advertisement

Fairness beyond marketing

Fairness often appears in slogans, but the culture of “trust me, bro” has made efforts feel more performative than practiced. But when fairness is embedded into a platform’s system, users get an experience that’s more than just marketing.

Zoomex has built fairness into its foundation, structuring the user experience around clear trading rules, transparent asset visibility and execution logic that behaves predictably across users and market conditions. Instead of relying on discretionary decisions or hidden exceptions, the platform emphasizes consistency. Regardless of how much crypto you hold, whether you’re a new or frequent holder, or simply looking for a long-term Dollar-Cost Averaging (DCA) opportunity, the same rules apply to all users.

This matters because most trading platform failures are not based on the underlying technology. They’re systematic. Exchanges don’t collapse because orders cannot be matched, rather they fail when friction makes rules unclear, access is restricted or users lose trust in the system.

By prioritizing clarity over complexity, Zoomex positions fairness not as an abstract value, but as a systematic guarantee.

Advertisement

Profit as a priority

There’s no single indication of fairness bigger than withdrawals. In the wake of FTX and other exchange mishaps, users have learned to ask the difficult questions: 

  • “Can my profits be withdrawn?” 
  • “Am I an exception to this rule?

These aren’t hypothetical questions. They reflect the learned and lived experience of any crypto trader.

Zoomex’s design starts from a different assumption: Earnings belong to the user, without friction or negotiation. Withdrawals are not framed as privileges or incentives, but as a baseline right of participation. It doesn’t matter if you hold 1 BTC or 0.00001 BTC – what matters is your participation in the network.

This principle has been reinforced by independent media coverage, including user case studies documenting successful large withdrawals. On X and in the media, Zoomex users have documented real-world proof that access holds up regardless of market conditions. Fairness, in this context, is measured not by what a platform claims, but by whether users can reliably convert trading success into usable capital.

Transparency as a system, not a dashboard

When it comes to transparency on centralized exchanges, users are often left to surface-level disclosures to determine the security of their assets.Transparency on trading platforms is important to reduce information asymmetry, ensuring that users understand how their assets are traded and secured, and why conditions affect their assets.

Zoomex emphasizes transparent asset displays, traceable order execution and clear reporting of outcomes. The goal is to give the essential information to traders. Though disclosures may feel overbearing, it’s designed for intelligent market decisions, allowing traders to see their positions, execute on strategies and see their decision outcomes without ambiguity. 

This approach aligns with a growing demand among experienced traders and institutional players who evaluate platforms based on structure, consistency and fairness. In this model, transparency is not a static feature, it’s a continuous system of visibility that supports informed decision-making.

Advertisement

Related: What “Proof Over Promises” Means in Practice

Even among institutional-grade traders, transparency needs to come with a degree of simplicity. Often complexity is mistaken for sophistication, but Zoomex understands that simplicity and sophistication are not mutually exclusive. 

Zoomex’s minimalist design strips away unnecessary friction while preserving professional-grade functionality. Execution flows are streamlined, interfaces are intuitive and rules are legible. This is not about reducing capability, but instead reducing the cognitive load so both institutional and retail traders are able to clearly execute their trades with the confidence they need.

Regulatory certainty as a priority

One of the biggest hurdles of wide-spread adoption for crypto is regulatory clarity. As countries continue to evolve their legal frameworks, traders have been best supported by trading platforms that have been forward thinking about regulation, not reactive. However, there needs to be a balance of what is necessary and what is excessively cumbersome for users to make their trades with confidence. Zoomex addresses this by offering optional KYC, allowing privacy-sensitive traders to participate without unnecessary barriers while still operating within a compliant framework.

Advertisement

This approach reflects a broader definition of fairness: respecting different user needs rather than imposing uniform identity requirements where they are not legally required. Fair systems expand access without compromising oversight, making regulatory compliance as a feature, not a roadblock.

This framework has been battle-tested and has stood the test of time through both bear and bull markets. Zoomex has withstood five years of stable operation, regulatory licensing across multiple jurisdictions and annual security audits conducted by independent firms such as Hacken

Privacy and compliance are more than just a marketing objective. Zoomex holds registrations including Canada Money Service Business (MSB), United States MSB and NFA and Australia AUSTRAC license, reinforcing its commitment to creating a system of precise fairness and consistency, regardless of your jurisdiction. 

Related: Zoomex expands derivatives offering and launches new initiatives for European users

Advertisement

Trust is not just built in the bull market, but during periods of stress. Platforms like Zoomex that maintain fairness through bull and bear markets are the ones that endure.

From the first trade to the latest withdrawal, fairness on Zoomex is experienced, not explained.

Zoomex is building precise systems of fairness and transparency – cultivating partnerships, international compliance and operational decisions that consistently reinforce values of precision and fairness. The result is a platform designed not just to perform, but to hold up under scrutiny and survive in all market conditions.

As the crypto industry continues to mature, trading platforms will continue to be judged based on their integrated systems, not just their marketed promises. As fairness becomes a design requirement, and not just a press release, Zoomex is prepared to be the platform that is ready for both institutional-focused and retail traders.

Advertisement

Sign up on Zoomex and explore a trading system where fairness, transparency and access are built into every layer. New users can receive up to 14,000 USDT in welcome rewar

Source link

Continue Reading

Crypto World

30% Risk Despite Tom Lee’s Theory

Published

on

BitMine Holdings

BMNR stock price remains under pressure in early February as selling continues across crypto-linked equities. The stock is down nearly 25% over five days and more than 33% over one month, trading around $22.35.

While management defended recent crypto-led paper losses as part of a long-term strategy, market data suggests technical weakness is still driving investor behavior. And increasingly driving them away, despite a novel defense from BitMine Chairman, Tom Lee.

Ethereum Treasury Losses Spark ‘Feature, Not A Bug’ Defense

Concerns around BitMine’s balance sheet intensified after data showed heavy unrealized losses on its Ethereum treasury.

Sponsored

Advertisement

Sponsored

As of February 3, BitMine had invested roughly $14.95 billion into ETH holdings. However, the current market value had fallen to around $8.53 billion, implying paper losses of more than $6.4 billion.

At the same time, Ethereum was trading near $2,200, well below BitMine’s average acquisition cost of roughly $3,800. This gap highlighted how deeply underwater the company’s treasury had become.

BitMine Holdings
BitMine Holdings: CryptoQuant

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

These figures triggered criticism from market observers, who argued that such large unrealized losses could limit future upside and pressure shareholder returns. Some warned that accumulated ETH could eventually act as a selling supply.

Advertisement

In response, Chairman Tom Lee defended the strategy, stating that drawdowns are “a feature, not a bug.” He argued that crypto cycles naturally involve temporary losses and that BitMine is designed to accumulate through downturns to outperform over time.

Sponsored

Sponsored

Advertisement

However, despite this explanation, BMNR stock failed to attract sustained buying interest after the comments.

OBV and CMF Show Buyers Stayed Away After the Breakdown

Market participation data suggests that investors began exiting even before the public debate intensified.

On-Balance Volume (OBV) tracks cumulative buying and selling pressure by adding volume on up days and subtracting it on down days. It reflects whether traders are accumulating or distributing.

Advertisement

From early December through late-January, OBV was forming higher lows, signaling steady accumulation. But between January 28 and 29, OBV broke below its rising trend line. This showed that possibly retail and short-term traders had started distributing shares.

Retail Buyers Leaving
Retail Buyers Leaving: TradingView

Sponsored

Sponsored

After OBV weakened, institutional-style capital followed.

Chaikin Money Flow (CMF) measures whether money is flowing into or out of an asset using price and volume. Readings above zero suggest accumulation, while negative values signal capital outflows.

Advertisement

From January 30 onward, CMF fell sharply and remained below zero. This confirmed that large buyers were reducing exposure as the BMNR price approached key support. Both indicators aligned with the chart structure.

BMNR had been forming a head-and-shoulders pattern through December and January. When price failed near the neckline and then broke down on February 2 (gap-down formation), OBV and CMF confirmed the move.

Big Money Leaves BitMine
Big Money Leaves BitMine: TradingView

In sequence, retail volume weakened first, large capital exited next, and prices collapsed afterward. The “feature, not a bug” ETH treasury narrative did not reverse this flow-driven sell-off.

Sponsored

Sponsored

Advertisement

Key BMNR Stock Price Levels Define the Next Move

After breaking the head-and-shoulders neckline and the rising trend line, the BMNR stock price resumed its broader downtrend, a projected dip of over 30%.

Several levels now define the outlook. On the downside, initial support sits near $19.26 if the BMNR stock price doesn’t reclaim $22.52 on the daily timeframe. Below $19.26, the next major level stands near $16.71, which aligns with the full technical projection of the bearish pattern.

If selling pressure accelerates, extended downside could reach toward $9.87, pushing the stock into single-digit territory. On the upside, recovery remains difficult.

The first resistance lies near $22.52. The BMNR stock price must reclaim this level to slow the decline. Above that, resistance appears near $25.07 and $28.66. These zones would need to be cleared to signal early stabilization.

Advertisement
BMNR Price Analysis
BMNR Price Analysis: TradingView

A broader trend shift would require a move above $34.46, followed by confirmation near $42. For now, both OBV and CMF remain weak, showing that buyers have not returned in force. Until capital flows turn positive and key resistance is reclaimed, technical pressure is likely to dominate BMNR stock price behavior.

Source link

Continue Reading

Crypto World

TRM Labs Completes $70M Round At $1B, Becomes Crypto Unicorn

Published

on

TRM Labs Completes $70M Round At $1B, Becomes Crypto Unicorn

Blockchain intelligence platform TRM Labs completed a $70 million Series C funding round, valuing it at $1 billion, becoming the latest crypto company to reach unicorn status.

The investment round was led by seed investor Blockchain Capital, with participation from Goldman Sachs, Bessemer Venture Partners, Brevan Howard Digital, Thoma Bravo, Citi Ventures and Galaxy Ventures, according to a Wednesday news release.

TRM Labs seeks to equip public and private institutions with AI solutions that combat cybercrime. The company defends against illicit activities that increasingly rely on automation.

“At TRM, we’re building AI for problems that have real consequences for public safety, financial integrity, and national security,” wrote Esteban Castaño, co-founder and CEO of TRM Labs.

Advertisement

“This funding allows our world-class team — and the people who will join us next — to innovate alongside institutions on the front lines of the most consequential threats, and expand the potential of AI to meaningfully improve how our critical systems are protected.”

The $70 million round shows that capital is flowing into blockchain analytics platforms seeking to stop the spread of AI-fueled scams and cyberattacks, including from large traditional institutions.

Related: Fake MetaMask 2FA security checks lure users into sharing recovery phrases

TRM Labs to expand global workforce, advance AI compliance and investigation tools

TRM is a San Francisco-headquartered company with hubs in Los Angeles, New York, Washington, London and Singapore.

It said the new capital will be used to expand its global workforce of AI researchers, data scientists, engineers and financial crime experts.

Advertisement

The company will also advance its AI-powered investigations to disrupt illicit activity and advance its solutions that help institutions manage financial crime risks.

Related: CZ proposes fix to address poisoning after investor loses $50M

Crypto phishing scams see resurgence due to generative AI advancements

Crypto phishing scams have been a long-standing issue in the industry, which saw a resurgence following advancements in generative AI. They involve hackers sharing fraudulent links with victims to steal sensitive information, such as crypto wallet private keys.

In December, a Bitcoin (BTC) investor lost his entire retirement fund to an AI-fueled romance scam known as a “pig butchering.” In this case, the scammer used AI-generated images to emotionally manipulate the victim into sending over his Bitcoin.

Advertisement
Monthly crypto phishing scam losses and victims, 2025 chart. Source: drop.scamsniffer.io

Still, the falling number of incidents suggests that investors are becoming better at safeguarding their assets from attackers.

Losses to phishing scams decreased 83% year-on-year, falling to $83.3 million in 2025, from $494 million in 2024, according to a report from Web3 security tool Scam Sniffer

Magazine: Meet the onchain crypto detectives fighting crime better than the cops