#BTCRebound The largest cryptocurrency by market value jumped about 3 per cent to top $87,600 on Monday morning in Singapore, according to data compiled by ...
Here’s a concise 10-line summary of the recent Powell vs. Trump conflict:
1. **Trump’s Demand**: Trump repeatedly calls for Fed Chair Jerome Powell’s removal, accusing him of being "too late" on rate cuts . 2. **Rate Cut Pressure**: Trump wants aggressive rate cuts, contrasting the Fed’s cautious stance amid inflation risks from his tariffs . 3. **Legal Battle**: The Federal Reserve Act protects Powell, allowing removal only "for cause," but Trump may test this in court . 4. **Supreme Court Case**: A pending ruling on presidential power over independent agencies (e.g., NLRB) could indirectly impact the Fed . 5. **Powell’s Defense**: Powell asserts Fed independence, vowing to ignore political pressure and base decisions on economic data . 6. **Market Risks**: Analysts warn firing Powell could destabilize markets, spike yields, and trigger stagflation fears . 7. **ECB Contrast**: Trump praises the ECB’s rate cuts, ignoring its response to his tariff-driven economic turmoil . 8. **Treasury Caution**: Treasury Secretary Bessent privately advises against ousting Powell to avoid financial chaos . 9. **Replacement Plans**: Ex-Fed Governor Kevin Warsh is Trump’s likely pick if Powell departs . 10. **Timeline**: Powell’s term ends May 2026, but Trump’s threats keep uncertainty high . $BTC #USDT #TrumpVsPowell
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#MetaplanetBTCPurchase Metaplanet Inc. (3350) added 319 bitcoin (BTC) to its treasury. The Japanese firm made its latest buy at an average price $83,147 per coin. This latest purchase brings the company's total bitcoin holdings to 4,525 BTC, with an aggregate cost basis of $408.1 million and an average acquisition price of $90,194. #Tariffs
#PowellRemarks Fed's Powell says tariffs could lead to inflation, economic slowdown. Federal Reserve Chair Jerome Powell on Wednesday cautioned that the central bank could face a "challenging scenario #BTC #TariffImpact