Is the news about the Fed's leadership change confirmed? The latest rumor is that Trump has basically decided to let Kevin Hassett take over. This current Director of the National Economic Council's biggest advantage is his loyalty - he is leading among the final five candidates.

This year, Hassert and Trump teamed up to launch a full-frontal attack on the Fed. Terms like "partisan alignment" and "dawdling on interest rate cuts" were thrown at the current chair Powell. And old Powell will step down next May, which could be a turning point for the crypto market and the direction of monetary policy.

For us, the monetary policy orientation after the new chairman takes office is directly related to market liquidity. Keep a close eye on future developments.