On Monday evening at 7 o'clock, a message exploded in the encryption circle – someone said Powell would announce his resignation at an emergency meeting?

Don't panic yet, there are many doubts about this matter.

First, the timing doesn't match: the Federal Reserve's official website shows that Powell has a speech scheduled at the Hoover Institution at 8 PM that evening, so where does this emergency meeting come from? Furthermore, regarding his term, he will hold the chairman position until May 2026, and his board member status won't expire until January 2028. Legally, he is also protected and cannot be dismissed arbitrarily.

But this rumor is not without basis. Trump has often pressured him before, even using the issue of the Federal Reserve headquarters renovation overruns to make a point. White House economic advisor Hassett has also made a public statement, saying he would be willing to take the position if nominated—this sounds quite nuanced.

After Thanksgiving, various news about fund withdrawals and policy uncertainties has caused widespread anxiety. You can see it trending wildly on Xiaohongshu, with an increasing sense of caution.

What’s even more fatal is the timing. According to historical patterns, if there’s a drop in November, December often opens lower. The end of the year is originally a period for institutional assessments, and funds need to be recouped, which inherently increases volatility risk. Now, with rumors of resignations and the fog of policy overlapping, how will the global market behave in the first week of December? Will BTC and ETH dance to the tune of the Fed's expectations?

To be honest, this kind of moment tests one's composure the most. The authenticity of the news is hard to discern, but the market sentiment is real.