#数字货币市场回调 Will there be big news before Christmas? Rumor has it that Trump has basically decided on the next chairman of the Fed - his old partner, current Director of the National Economic Council, Kevin Hassett. Although it’s said that a decision has been made, sources reveal that Donald Trump may change his mind at any time. After a series of meetings, the nomination news may come out in the next few days.

Hassett has been criticizing the Fed alongside Trump this year, saying that they are "too politically biased" and that their interest rate cuts are slow. If he really takes over from Powell in May next year, how will monetary policy be handled? The market is watching closely. The expectation for interest rate cuts has already soared to 87.6%, and funds have long begun to place their bets.

Interestingly, financial experts from Germany have discovered that after Japan raised interest rates, the price of Bitcoin has actually fluctuated almost in sync with the yen. Is arbitrage capital being reshuffled? The logic behind this is worth pondering.

On the other hand, the Swedish central bank report points out that the US and Europe are quietly aligning on stablecoin regulation - how to connect settlement systems, how to manage collateral assets, the framework is becoming more similar. Although there are legal loopholes, the actual operation is still very cautious.

Personnel changes, policy expectations, capital flows... These lines are intertwining. In the final stage of 2025, the grand drama of the financial market has just begun. $BTC $ETH $ZEC