Trump Hopes for Powell to Stay, Wash Fed Chair Nomination Odds Rise to 50%
January 22: Trump says he wants current White House National Economic Council Director Hassett to remain in his post. The Fed Chair candidate pool has been narrowed to 2-3 people; "I personally believe the final pick is most likely locked in," Trump stated. "Rick Rieder, BlackRock Fixed Income’s Global Chief Investment Officer, and Kevin Warsh, former Fed governor, are both suitable to serve as the next Fed Chair."
Following the news, Polymarket odds show Kevin Warsh’s Fed Chair nomination probability has risen to 50%, Rick Rieder’s to 27%, and Hassett’s has dropped to 5%.
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Trump: Agreement Framework Reached on Greenland Issue, Tariffs Will Not Be Imposed
On January 22, former U.S. President Donald Trump announced on Truth Social that the U.S. and NATO have reached a preliminary framework for a future agreement covering Greenland and the entire Arctic region. Should the agreement be finalized, it would deliver significant benefits to the U.S. and all NATO member nations.
“In light of this understanding, I will not implement the tariffs scheduled to take effect on February 1,” he added. Discussions are also ongoing regarding Greenland and the “Golden Dome” project.
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Senate Banking Committee Shifts Focus to Housing, Crypto Market Structure Bill Hearing Postponed for Several Weeks
January 22 — Bloomberg reports the U.S. Crypto Market Structure Bill is set to be delayed by at least several weeks, as the Senate Banking Committee shifts its legislative focus to align with Donald Trump’s housing affordability agenda. Consideration of the bill could push into late February or March.
Meanwhile, the Senate Agriculture Committee still intends to introduce and advance its own version of digital assets legislation, with a vote scheduled for January 27. The relevant text will then need to be merged with the Banking Committee’s version before being submitted for full Senate consideration.
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「Strategy Whale」 has increased its long position by $106 million in the past 2 hours on BTC, ETH, and SOL, with the total position size surpassing $400 million.
January 22 – As the crypto market extended its decline, the "Strategy Whale" significantly boosted long positions in BTC, ETH and SOL over the past two hours, per monitoring from HyperInsight (via Telegram: @HyperInsight).
Key moves:
- Added 15,468 ETH long positions (~$45M)
- Added 488.8 BTC long positions (~$42.9M)
- Added 142,986 SOL long positions (~$18.15M)
As of press time:
- Total position value: $402M (over $400M)
- Weekly loss: $27.6M
- Current floating loss: $6.82M (offset by a small DASH short position with $790k floating profit)
Position details:
- BTC Long (20x): $1.27M floating loss
- ETH Long (15x): $5.99M floating loss
- SOL Long (20x): $356k floating loss
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「BTC OG Insider Whale」 Paper Hands Losses Widen to $65.9 Million
January 22 – Per HyperInsight monitoring, as Ethereum dropped to the $2,900 level, the "BTC OG Insider Whale" saw its unrealized losses widen to $16.85 million. No new moves have been made since adding leverage to long ETH five days ago. Current positions are as follows:
- BTC Long (5x leverage): Unrealized Loss = $3.77M
- ETH Long (5x leverage): Unrealized Loss = $60.24M
- SOL Long (10x leverage): Unrealized Loss = $1.89M
- Cumulative Funding Fees: Loss = $8.124M
- Position Value: $797M
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Farcaster has been acquired by the ecosystem core client Neynar, and the two co-founders will gradually step back to work on a new project.
On January 22, Farcaster founder Dan Romero announced via social media that Neynar is acquiring Farcaster.
Over the coming weeks, the existing team will transfer the protocol’s smart contracts, codebase, the Farcaster app, and ownership of Clanker to Neynar. Neynar will take over operation and maintenance of all subsequent work. The company is the most suitable candidate to lead Farcaster forward and will soon share a new vision focused on builders.
“This wasn’t an easy decision to make,” Romero said. “Farcaster and the people building on top of it mean a lot to the founding team. We’re incredibly proud of what our team built—and what the community built alongside us. But after five years, it’s clear Farcaster needs a new approach and new leadership to fully unlock its potential.”
Some members of Merkle (Farcaster’s founding company), co-founder Varun Srinivasan, and Romero himself will gradually step back from day-to-day work on Farcaster to pursue new projects.
Neynar is
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