Recently, the position of the Fed chair has become the focus of the market.

The matter originated from a statement made by Trump in early December — he said he had already chosen a candidate but would not reveal who it is. Once this was said, various speculations arose. The name Kevin Hassett was frequently mentioned, after all, he had previously served as the Chairman of the White House Council of Economic Advisers. However, Hassett himself remained quite calm and directly denied that these were anything but rumors.

Interestingly, a rumor suddenly emerged on social media over the weekend that current chairman Powell might announce his resignation at an emergency meeting on Monday evening. It sounds explosive, but upon closer examination, no mainstream financial media followed up on the report. Looking at the prediction contracts on Polymarket, the trading probability for "Powell resigning this year" is only 3%—the market clearly does not buy it.

What is truly worth paying attention to is the arrangement for Tuesday morning: Powell will attend a memorial event and give a speech. Although the theme has not been announced, every word he says in such an occasion could influence market sentiments, especially in the policy-sensitive area of crypto assets.

The situation is quite delicate right now - politicians are making statements and market speculation is rampant, yet there is no official news. It is advisable for everyone to stay vigilant while not being swayed by various "rumors", and to wait for the official announcement before making any judgments. After all, the Fed's actions directly impact the liquidity and risk appetite of the entire financial market.