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Warsh was trading at 31% to be the next Fed chair nominee before spiking Thursday evening. What would his confirmation mean for monetary policy and interest rates?President Donald Trump announced Friday morning that he’s nominating Kevin Warsh to succeed Jerome Powell as Federal Reserve chair. Prediction markets signaled the pick well before the official announcement, with Warsh’s odds on Kalshi surging from 31% to 81% on the evening of January 29 after reports emerged of his White House meeting with Trump. By Friday morning, his probability had climbed above 95% across platforms, with Polymarket showing 99.3% and Kalshi at 98.5%.…

In brief Tech investor Cathie Wood said Thursday that gold is the real asset bubble, not AI. Her comments came a day before gold fell 9% on Friday, with silver falling much harder. Wood recently claimed Bitcoin was a superior scarcity asset when compared with gold. Gold’s rise has caught the eye of noted technology investor Cathie Wood, who says the precious metal is the real ongoing market bubble—not artificial intelligence.Wood’s remarks came Thursday as gold surged to a new all-time high above $5,600 while hitting a new record percentage of the U.S. M2 money supply in intraday trading, based…

The U.S. government is set to partially shut down at midnight, despite the Senate voting in favor of a funding package intended to keep the government running — showing the importance of specificity in prediction market contracts.The House of Representatives is out of session this week, and will not be back until Monday. Because the House needs to pass the package the Senate voted on Friday evening, this means that the government will technically shut down at 12:00 a.m. ET Saturday, and likely remain shut through the weekend. It’s just a partial shutdown and should not have a significant effect…

In brief The Bitcoin mining profit/loss sustainability index hit a 14-month low, according to CryptoQuant. The metric measures the price of Bitcoin versus the profitability of running a Bitcoin mining operation. Shares of publicly traded BTC miners have fallen by double digits this week. Bitcoin miners are struggling to eke out a profit lately amid the asset’s falling price and external complications, including a winter storm that rocked a large chunk of the United States last weekend, impacting the production of top mining firms.A ratio that tracks the relationship between Bitcoin’s price and the profitability of running Bitcoin mining operations…

Tether, the issuer of USDt, the world’s largest stablecoin, reported around $3 billion less in net profits in 2025, while its US Treasury holdings reached new all-time highs.In a report published on Friday and prepared by accounting firm BDO, Tether said it posted net profits of more than $10 billion in 2025, which is down around 23% from the $13 billion it reported in 2024.Meanwhile, Tether said its direct US Treasury holdings climbed above $122 billion in 2025, marking “the highest level ever.” The company said this shows the “ongoing shift toward highly liquid, low-risk assets.” Tether’s total assets increased…

Since US President Donald Trump positioned crypto as a central pillar of his campaign, political leaders across Europe have begun adopting a similar approach, seeking to attract crypto-aligned voters as the digital assets industry continues to expand.Right-wing parties, in particular, have leaned into this strategy. Bitcoin’s non-sovereign nature and its emphasis on limited state intervention have made crypto especially appealing to conservative and libertarian leaders. However, its potential to obscure financial flows has also made opposition leaders wary. Sponsored SponsoredTrump’s Crypto Playbook Goes GlobalDuring his 2024 campaign, Trump set a precedent by making crypto an indispensable part of his presidential…

Crypto Twitter is angry again. This time, the target is familiar: Binance, the world’s largest crypto exchange, and its co-founder Changpeng Zhao (CZ).Over the past few days, major allegations have taken over Twitter (or X) timelines, with some users calling him “a scammer” and demanding he be “sent back to prison.” So what is actually behind the latest accusations, and how much of it is supported by verifiable evidence?The October Market Crash: What Happened?One of the most serious allegations facing Binance dates back to October, during what later became known as “Crypto Black Friday.”On October 10, US President Donald Trump…

The new standard enables AI systems to use creative work legally and to automatically pay rights holders.Story Protocol, an onchain platform focused on intellectual property (IP), and OpenLedger on Thursday, Jan. 29, announced a new standard meant to let artificial intelligence (AI) systems use creative work legally and pay the people who own it.Under the partnership, IP registered on Story Protocol can be licensed for AI training and AI-generated outputs. Meanwhile, OpenLedger – an AI-native blockchain – will enforce those licenses inside AI systems and send payments to rights holders.The companies are also building a shared onchain standard that records…

The crypto market unraveled hard over the past 24 hours, triggering $1.68 billion in liquidations as leveraged bets were wiped out across major exchanges, according to CoinGlass data.Roughly 267,370 traders were forced out of positions, with longs accounting for an overwhelming $1.56 billion, or nearly 93% of total liquidations. Shorts made up just $118 million, indicative of how one-sided positioning had become before the move lower.Bitcoin and ether led the damage. BTC alone saw about $780 million in liquidations, while ETH followed with more than $414 million, per liquidation heatmap data. The largest single hit was a $80.57 million BTC-USDT…

Unclaimed Ethereum tokens from the infamous 2016 hack on The DAO will be redirected into a new security fund aimed at strengthening the network, says Ethereum advocate Griff Green.“There’s a lot of money just sitting in random contracts that were supposed to be returned to people who were affected by the hack,” Green said in an interview on Thursday with Unchained podcast host Laura Shin, reiterating plans to launch the security fund. The DAO was a decentralized autonomous organization that an anonymous hacker exploited in June 2016 to siphon more than $50 million worth of Ether at the time.The incident led…