Insider: Yellen Emerges as Top Contender for Fed Chair, Fed Poised for Historic Shift
On November 26th, according to those with insider knowledge, as the process of selecting the new chairperson of the Federal Reserve enters its final weeks, in the perception of the White House advisory team and Trump's allies, Kevin Hassett, who is the Chair of the National Economic Council, has emerged as the leading candidate to assume the position at the Fed.
The unnamed source stated that if Hassett is appointed, Trump will place a close ally whom he is familiar with and trusts within the independent central bank. Some people have pointed out that Hassett is regarded as the individual who can bring Trump's rate-cutting ideas to the helm of the Fed - an institution that Trump has long been attempting to influence and is now at a historical turning point.
However, they also cautioned that Trump is renowned for making unexpected personnel decisions, and everything remains subject to change until the formal nomination is announced. The White House press secretary, Karoline Leavitt, s
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Fed Dovishness Trumps Hawkishness, Rate Cut Expectations Surge in a Matter of Days
On November 26th: Investors are enhancing their wagers, anticipating that Federal Reserve policymakers will lower interest rates once again during the next month's rate decision. This action has dispelled the doubts from last week that inclined towards no rate cut and has cleared the path for an increase in US Treasury yields. The open interest in futures contracts linked to the Fed's benchmark interest rate has surged over the past three trading days, and the January contract set daily volume records last week.
Currently, market pricing indicates that the probability of a 25-basis-point rate cut at the Fed's December meeting is approximately 80%, which is higher than just 30% a few days ago. The shift in rate expectations started with the delayed release of September's employment data last week, which presented a mixed economic picture. New York Fed President Williams then stated last Friday that, against the backdrop of weakness in the labor market, he foresaw "near-term" room for a
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Galaxy Digital Executive: This Cycle's Top May Have Already Been Established, Bitcoin Faces Strong Resistance at $90,000
On November 26th, Beimnet Abebe, the Head of Credit Trading at Galaxy Digital, stated in an interview that he thinks the top of this cycle has probably been reached. In the short term, it will be difficult for the price to return to the range of $120,000 to $125,000. Currently, the $90,000 level is likely to present strong resistance.
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MON Surges Above $0.046, Up Over 80% from the Public Sale Price
On November 26th, based on market data, the spot trading price of MON on Coinbase has exceeded $0.046 and is currently at $0.04603. This indicates an 84% increase from the public sale price, with a corresponding fully diluted value (FDV) of $4.6 billion.
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「Pumpkin」's Ethereum and HYPE Long Position Faces Unrealized Loss of Over $110,000
On November 26th, as monitored by Hyperinsight, in the "buddy" Huang Licheng's address, the long positions of Ethereum and HYPE are facing a total unrealized loss of more than $110,000. This includes:
The long position of Ethereum has a holding of 4550 ETH, with an opening price of $2883.4 and a liquidation price of $2767.3.
The long position of HYPE has a holding of 102,888.88 ETH, with an opening price of $32.4973 and a liquidation price of $27.091.
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