warsh

The Federal Reserve's FOMC unanimously decided to raise interest rates by 25 basis points, adjusting the target range for the federal funds rate to 3.75% - 4%, marking the first rate hike since July 2023. The latest dot plot shows that 16 officials expect at least one more rate hike by 2026, with the median rate expectations for 2027 and 2026 both at 4.1%.Federal Reserve Chairman Waller stated that recent data shows the U.S. economy is performing strongly, and the labor market remains resilient, but inflation is too high and has persisted for too long. The FOMC is currently not confident that inflation is moving toward the 2% target. He mentioned that the main issue for the current economy is not growth, but inflation. Waller also noted that the rise in U.S. Treasury yields is primarily driven by a strong U.S. economy, increased capital competition, and geopolitical factors.From the announcement of the decision to Waller's press conference, spot gold briefly fell by about $100, the U.S. dollar index rose by about 40 points and broke through the 100 mark, the 2-year U.S. Treasury yield rose by about 10 basis points, and the 10-year yield rose by about 5 basis points, with U.S. stocks turning lower across the board. Interest rate futures are currently pricing in an additional rate hike of about 33 basis points this year and expect a cumulative increase of about 75 basis points by June next year.

Iran's Deputy Foreign Minister Gharibabadi stated that no warships are allowed to pass through the Strait of Hormuz.

The Web3 asset data platform RootData has outlined the cryptocurrency portfolio of Federal Reserve nominee Kevin Warsh, covering multiple areas including blockchain infrastructure, on-chain financial protocols, institutional financial services, and application tools. Structurally, Warsh's layout can be divided into four major sectors:Underlying Infrastructure: Networks and scaling solutions such as Solana, Optimism, and Lightning Network;On-chain Finance: DeFi and trading protocols like Compound, dYdX, and Polymarket;Institutional and Financial Services: Asset management, banking, and funding channels such as Polychain, Scalar Capital, Kinetic, and OnJuno;Applications and Tools: User entry and development tool projects like Dapper Labs, Crossmint, and Tenderly.Overall, Warsh's strategy of layering financial protocols on top of infrastructure and focusing on controlling institutional funding channels shows a clear difference from typical crypto-native VC approaches, aligning more closely with traditional financial background investors' concerns about market structure and institutional levels.It is reported that on April 21, Warsh held a confirmation hearing before the Senate Banking Committee. According to his recent compliance disclosure documents, if he enters the regulatory system in the future (such as leading the Federal Reserve), he will need to dispose of relevant holdings.

According to Jin Shi reports, Federal Reserve Chair nominee Waller stated that he is working with the Treasury Secretary to advance the Federal Reserve's balance sheet reduction efforts.

According to Jinshi reports, Federal Reserve Chair nominee Waller stated that he will firmly commit to maintaining strict independence on interest rate issues.

According to Jinshi reports, former U.S. Treasury Secretary Yellen stated that Federal Reserve Chair nominee Kevin Warsh lacks "credibility" in advocating for interest rate cuts.

According to CCTV news reports, Iran stated that the U.S. Navy destroyers "Frank E. Peterson" and "Michael Murphy" attempted to "infiltrate" the Strait of Hormuz the previous day, and indicated that the U.S. warships used the cover of the ceasefire conditions to create false propaganda of "successful passage" and to influence the ongoing U.S.-Iran negotiations.Iran claimed that the two warships attempted to disguise themselves as Omani merchant vessels sailing off the southern coast of Oman, choosing a dangerous route that was very close to the coast and had a shallow draft, hoping to enter the Persian Gulf through "covert" movements and the "negligence" of the Iranian military during the ceasefire. The Iranian Navy ultimately intercepted them at the entrance to the Persian Gulf. The two destroyers were forced to withdraw to the Oman Sea without being able to enter the Strait of Hormuz.

According to Jinshi reports, U.S. President Trump stated that many countries will send warships alongside the United States to keep the Strait of Hormuz open. He hopes that countries such as France, Japan, South Korea, and the United Kingdom will send warships to the area, so that the Strait of Hormuz no longer poses a threat. The U.S. will heavily bomb the coastal areas of Iran and continuously sink Iranian ships. In any case, we will soon open up the Strait of Hormuz.

Iranian Foreign Minister Amir-Abdollahian said today (March 5) that the United States will "eventually regret the precedent it has set" by attacking an Iranian warship in international waters. Amir-Abdollahian stated on social media that the Iranian frigate was a "guest of the Indian Navy," carrying about 130 people, and was attacked in international waters 2,000 miles (approximately 3,218 kilometers) from the Iranian coast without any prior warning.U.S. Secretary of Defense Lloyd Austin said on the 4th that a U.S. submarine sank an Iranian warship on the 3rd in the Indian Ocean with a torpedo, which the Iranian vessel believed was sailing safely in international waters.

According to Jinshi citing Reuters, U.S. officials revealed on Wednesday that the U.S. military launched an attack near the coast of Sri Lanka, hitting an Iranian warship.An official stated that the attack was carried out by a U.S. submarine. Sri Lankan authorities reported that they had rescued 32 people from the ship and recovered several bodies.

As the probability of Kevin Warsh becoming the next Federal Reserve Chairman significantly increases in the prediction market, Bitcoin further declines, nearing a low of $81,000.Markus Thielen, founder of 10x Research, points out that the market generally views Kevin Warsh's regained policy influence as a bearish factor for Bitcoin, due to his long-standing emphasis on monetary discipline, higher real interest rates, and tightening liquidity. His policy framework tends to regard crypto assets as "speculative products in a loose monetary environment," rather than tools for hedging against currency devaluation. Higher real interest rates mean that the true cost of financing rises after accounting for inflation, which typically suppresses demand for risk assets, including Bitcoin. Additionally, several observers believe that a hawkish stance and underestimation of deflation risks may have exacerbated economic downward pressure that year. If similar thinking continues, it could lead to higher unemployment rates, slower recovery pace, and greater deflation risks.

According to Bloomberg, the Trump administration is preparing to confirm Kevin Warsh as the Chairman of the Federal Reserve.

According to Polymarket data, the two most likely candidates to succeed the Federal Reserve Chair have reversed again, with Kevin Warsh's probability of taking office soaring to 85%, while BlackRock's Chief Investment Officer for Global Fixed Income, Rieder, has seen his probability drop to 8%.

According to Polymarket data, regarding the successor to the Federal Reserve, the implied probability for BlackRock's Chief Investment Officer of Global Fixed Income, Rieder, is 47%, higher than former Federal Reserve Governor Kevin Warsh's 28%, current Federal Reserve Governor Christopher Waller's 9%, and White House National Economic Advisor Kevin Hassett's 8%.The total trading volume for this event exceeds $250 million, and the chart shows that Rieder's pricing curve accelerated upward in January, surpassing competitor Kevin Warsh on January 23.

ChainCatcher news, according to Jinshi reports, former Federal Reserve Governor Warsh stated that Trump's public push for the Federal Reserve (to cut interest rates) is correct.

ChainCatcher news, according to Jinshi reports, former Federal Reserve Governor Warsh stated that the Federal Reserve should lower interest rates now.

ChainCatcher News, when talking about the next Federal Reserve chairman, President Trump stated that Waller is very talented, but he might not be the one, as he does not want to pay 10-year debt at higher interest rates.At the same time, Trump again criticized Powell, saying, "The Federal Reserve has a stupid person."