Fed Chair Race Heats Up, with 'Wall Street Waterfall' Emerging as Central Theme
November 14th: The main candidate vying for the chairmanship of the Federal Reserve under US President Trump is converging towards a policy that appears to be at odds with Trump's style. While Trump desires low interest rates, the Federal Reserve chair candidates favored by him advocate restricting the central bank's core tool for attaining low rates—quantitative easing. This political paradox is evolving into a sharp contradiction in the race for the next Federal Reserve chair.
Trump continues to vehemently criticize the current Federal Reserve Chair Powell, with his true intention being to be able to appoint a new central bank head next year who is more in line with his own ideology. However, in this succession race, a significant portion of the discussion is centered around an issue that seems to contradict Trump's advocacy: limiting the size of the Federal Reserve's financial asset holdings.
The current key issue is how the situation will unfold in the coming months as Chairman P
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Kraken CEO: Company Not in a Hurry to Go Public in the U.S.
On November 14th, as per Cointelegraph, despite the market slump, the cryptocurrency exchange Kraken is in no hurry to go public in the United States. Even though a favorable policy environment and improved market conditions have prompted other cryptocurrency companies to pursue an initial public offering (IPO).
Kraken's Co-CEO, Arjun Sethi, stated in an interview on Thursday: "Our financial standing is solid, and we are well-versed in managing risks while running the company." He further added, "As a private company, we have an adequate amount of capital on our balance sheet and are not inclined to rush to the IPO gate."
Regarding the recent drop in the Bitcoin price, Sethi is not concerned. In the past day, Bitcoin has declined by more than 4%, approaching $97,000, which is a drop of more than 22% from its high point in early October, which exceeded $126,000. Sethi said, "If you only focus on the overall trend of the cryptocurrency market, the curves of Bitcoin and various asset cl
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Orama Labs Launches $5 Million Ecosystem Fund, Kingnet AI and ZENO Receive First Grants Incentive
On November 14th, according to official information, DeSci and the AI asset protocol Orama Labs announced the establishment of a $5 million ecosystem fund to provide support for cutting-edge technology projects. The first batch of Grants incentives has been distributed. Kingnet AI received a $1 million $PYTHIA token reward, and the ZENO spatial intelligence project received a $200,000 $PYTHIA incentive.
According to the official introduction, the ZENO project is advancing "spatial intelligence" from theory to practice. Kingnet AI is lowering the game development threshold with natural language technology, and this incentive will promote its technical and ecological collaboration with Orama. Orama stated that the fund will continue to support innovative projects in the fields of DeSci, AI, DEPIN, and more.
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Suspected Bitmine Address Acquires 9176 ETH, Valued at Approximately $29.14 Million
On November 14th, based on LookOnChain's monitoring, a new wallet address (presumably related to Bitmine) has just received 9176 ETH from Galaxy Digital's over-the-counter wallet, which is approximately worth $29.14 million.
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Yesterday, the US Bitcoin spot ETF saw a net outflow of $8.667 billion, while the Ethereum spot ETF saw a net outflow of $2.596 billion.
On November 14th, based on Farside monitoring data, yesterday the net outflow of the US Bitcoin spot ETF reached $8.667 billion, and there was no ETF with an inflow.
Yesterday, the net outflow of the US Ethereum spot ETF was $2.596 billion, and similarly, no ETF had any inflows.
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