Kevin Hassett, President Trump's chief economic adviser, called for former Fed Chair Jerome Powell to leave the Federal Reserve board following a watchdog report citing management failures in the Fed's headquarters renovation. Powell remains a voting member of the Federal Open Market Committee (FOMC), so his departure could allow Trump to nominate a new governor, potentially influencing future interest rate decisions. The impact on Bitcoin depends on the stance of Powell's replacement rather than his exit alone. Market expectations for further rate hikes have softened after weak September payroll data, supporting Bitcoin's recent recovery despite high Treasury yields continuing to pressure the cryptocurrency. The Fed's October meeting will be closely watched for signals on future rate moves amid inflation concerns and Powell's ongoing role on the board.
Trump adviser's call for Fed Chair Powell's exit comes as 32 of 50 major cryptocurrencies on Pluang rose today. For readers following cryptocurrency markets, here is Pluang's snapshot as of Oct 05, 2026 13:02 WIB: YFI traded at Rp46.577.221 with a 1-day change of -3.50% and a typical hold time of 93 days, ATOM rose 3.31% to Rp31.540 with an 80% buy order activity, while ONE fell 3.29% to Rp43 with a typical hold time of 152 days.
Bitcoin's 50-, 100-, and 200-day moving averages are close to forming a fully bullish alignment for the first time since 2025, indicating sustained recovery after a 40% price rise in Q3 to $87,000. This alignment, where the 50-day average is above th...
Several key crypto airdrop claim deadlines are approaching: Sonic will burn 32.69 million unclaimed S tokens from Seasons 1 and 2 after October 15, 2026, with no grace period. Pharos claims close on October 25, 2026, and Grass Stage 2 rewards, paid i...
Ethereum's native token surged nearly 70% in Q3 2026, outperforming Bitcoin's 42% gain. However, CoinGecko data reveals that Ethereum's market depth shrank to 35-45% of Bitcoin's level, indicating thinner liquidity beneath the rally. This unusual pat...
Nike is facing ongoing revenue and earnings declines, with management forecasting a high single-digit contraction through 2028 and no clear recovery in sight. Despite a current dividend yield of 4.8%, the sustainability of these payouts is uncertain ...
Gate completed an on-chain burn of 1,987,321 GT tokens in Q3, reducing the total supply of its native token, GT, by nearly 2 million. This burn was valued at over $22.35 million, contributing to a cumulative burn of 191.9 million GT tokens worth more...
