The U.S. Department of Justice Places High Importance on Criminal Investigation of Federal Reserve Governor Cook

Officials from the U.S. Department of Justice stated that they have received a transfer of the criminal investigation related to Federal Reserve Governor Cook and are taking it very seriously.

Trump has called for Cook to resign, and allies are urging an investigation into the alleged criminal fraud in mortgage transactions.

This turmoil comes ahead of Powell's speech, with the Nasdaq down 1.5% and U.S. stocks being sold off, but Goldman Sachs predicts a positive influx of $1 trillion into crypto, with stablecoins reaching $2 trillion as buyers of U.S. debt.

China is considering a Renminbi stablecoin; under global innovation, if the Cook case escalates, ETH may face pressure at $4200 in the short term, but whales buying 400,000 coins suggest a bottom is forming, with clarity expected after September.