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The race to lead the U.S. central bank is taking a sharp turn. Kevin Warsh’s chances of becoming the next Federal Reserve chair have jumped after Donald Trump suggested that his economic adviser Kevin Hassett is unlikely to succeed Jerome Powell.

Trump cools on Hassett, Warsh gains momentum
According to prediction market data, Warsh has become the clear favorite to take over as Fed chair, with his nomination odds rising to around 56%. That places the former Federal Reserve governor firmly at the top of the field.

The shift followed Trump’s remarks at a rural health policy event, where he addressed speculation around Hassett’s future. Referring to his top economic adviser, Trump said he would prefer to keep Hassett in his current role at the White House, highlighting his strong communication skills. Trump also remarked that current Fed officials “don’t talk very much,” contrasting that with Hassett’s ability to communicate effectively.

A dramatic reversal from late 2024
The development marks a significant reversal. Until early December last year, Hassett had been the dominant favorite to replace Powell, with his odds climbing above 80%. As the year drew to a close, however, the race tightened, and Hassett’s probability dropped below 50%. Following Trump’s latest comments, his chances now sit at roughly 16%.
Meanwhile, Warsh has steadily moved into pole position. Trump has also indicated that he largely agrees with Warsh on monetary policy, particularly on the need for lower interest rates.

Other contenders remain in play
Trump’s remarks have also reshaped expectations around other candidates. Federal Reserve Governor Chris Waller is now viewed by some market participants as a more likely choice than Hassett, with his odds estimated at about 16.2%.
Another name attracting attention is Rick Rieder, the chief investment officer at BlackRock. His chances are estimated at around 7% and have improved after he publicly supported cutting interest rates to roughly 3%.

Lower rates as a common theme
Hassett, Waller, and Rieder have all voiced support for lower interest rates, aligning closely with Trump’s long-standing preference for looser monetary policy. Warsh, by contrast, has been more reserved in public about rate cuts. Even so, Trump has stated that the former Fed governor broadly shares his views on the direction of interest rates.
While the contest for the Fed’s top job is still unfolding, Trump’s latest signals have clearly shifted momentum. For now, Kevin Warsh appears to be the leading candidate to shape U.S. monetary policy in the years ahead.

#FederalReserve , #TRUMP , #WallStreet , #economy , #Fed

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Bitcoin's "quantum death sentence" refers to the potential future scenario where sufficiently advanced quantum computers could use Shor's algorithm to break the underlying elliptic curve cryptography (ECC) that secures Bitcoin transactions. This would allow attackers to potentially steal funds from vulnerable addresses by deriving private keys from exposed public keys.
The "fix already hidden in the code" refers to current built-in Bitcoin features and ongoing development efforts for a coordinated transition to post-quantum cryptography, such as using hash-based address formats and planned soft forks.
Wall Street Rift
Jefferies, represented by Christopher Wood, recently eliminated its Bitcoin exposure, citing the existential threat of quantum computing as a disqualifying factor for long-term, pension-style capital, arguing that a hedge requiring a contentious protocol upgrade is not the same as physical gold.
ARK Invest, represented by Cathie Wood, counters this by urging investors to focus on Bitcoin's lack of correlation with traditional markets, viewing it as an evolving asset that can adapt to future challenges. They argue that traditional finance may face greater near-term peril from quantum threats.
Key Insights
Vulnerability: The primary risk lies with older or reused "pay-to-public-key" (P2PK) addresses, where the public key is permanently exposed on the blockchain. An estimated 4 million to 6.5 million BTC are held in such vulnerable addresses.
Mitigation Measures in the Code:
P2PKH (Pay-To-Public-Key-Hash) addresses offer partial protection because the public key is only revealed during a transaction, creating a narrow window of vulnerability (around 10 minutes for a transaction to be mined).
Taproot (P2TR) addresses are also more quantum-resistant and designed to be compatible with future upgrades.
Developer Proposals: Active proposals, like the one by developer Hunter Beast, exist to introduce a quantum-resistant public key system via a soft fork, which would require users to move funds to new, secure addresses.
The Path Forward
The long-term solution involves migrating the entire network to new post-quantum cryptography (PQC) standards, likely through a soft fork. The challenge lies in achieving global consensus within the decentralized Bitcoin community and the significant increase in transaction data size that PQC algorithms currently entail.
While experts agree a sufficiently powerful quantum computer is likely years, if not decades, away, the time to prepare is now, as coordination and implementation of an upgrade will take time.

#BTC #quantumcomputing #CryptoNews #WallStreet #BTCVSGOLD

🏦 **Goldman Sachs CEO David Solomon** revealed a major strategic shift during the firm’s **Q4 2025 earnings call** — and it’s a clear signal that traditional finance is moving closer to on-chain markets.
🔍 **Key Takeaways:**
▫️ Goldman is **ramping up research & internal discussions** around:
 • **Tokenization**
 • **Stablecoins**
 • **CFTC-regulated prediction markets**
▫️ The firm is actively **evaluating integration** of these technologies into its **core trading and banking businesses**
▫️ Goldman Sachs has already **met with multiple prediction market platforms** in **early 2026**, indicating real-world exploration — not just theory
🧠 **Why This Matters:**
This isn’t retail hype. This is **institutional infrastructure planning**.
When Goldman studies a sector, it’s about **market plumbing**, liquidity, and regulatory alignment.
📈 **Bigger Picture:**
• TradFi ↔ DeFi convergence accelerating
• Tokenized markets moving toward legitimacy
• Prediction markets entering institutional radar
👀 **Watch Closely:**
What starts as “research” often ends as **execution**.
#GoldmanSachs #WallStreet #CryptoAdoption
$XAU

In late 2025 and early 2026, Wall Street institutions significantly increased their Bitcoin holdings despite a sharp price correction that saw the asset lose nearly 25% of its value from a peak of $126,000 in October 2025.
This "strategic accumulation" is driven by several key factors as of early 2026:
1. Shift from Speculative to Strategic Asset
Digital Gold Thesis: Major institutions increasingly view Bitcoin not as a speculative tech stock, but as a unique asset class and a "digital store of value" similar to gold.
Portfolio Diversification: Adding even 1% Bitcoin to a traditional portfolio is shown to improve the Sharpe ratio, providing outsized returns with manageable risk.
2. Strategic Institutional Buying (Buying the Dip)
Increased ETF Allocations: During the fourth quarter of 2025, institutional managers notably increased their shares in US spot Bitcoin ETFs even as the price fell below $90,000.
Long-Term Horizons: Unlike retail "weak hands," institutional players like pension funds and sovereign wealth funds (e.g., Abu Dhabi's Mubadala) have multi-year investment horizons and are less deterred by quarterly volatility.
3. Supply-Demand Imbalance
Supply Deficit: Analysts project that institutional demand will exceed new Bitcoin supply by a factor of 4.7x in 2026, creating a projected deficit of over 610,000 BTC.
Halving Effects: The April 2024 halving reduced daily issuance, and as corporate treasuries (like MicroStrategy) and ETFs lock up more supply, the "liquid float" available for purchase continues to shrink.
4. Favorable Regulatory & Macro Environment
US Strategic Reserve: The Trump administration’s 2025 executive order to establish a Strategic Bitcoin Reserve has legitimized the asset at a sovereign level.
Legislative Clarity: The anticipated passage of the Clarity Act in early 2026 is expected to define clear jurisdictions for the SEC and CFTC, making it safer for risk-averse institutions to enter the market.
Monetary Policy: Expectations of Federal Reserve rate cuts in 2026 and a weakening US dollar are creating a favorable "easy money" regime for alternative assets like Bitcoin.
5. Corporate Treasury Normalization
Institutional Benchmarks: Companies like MicroStrategy have normalized holding Bitcoin as a primary treasury asset, a strategy increasingly echoed by other public "digital asset treasury companies" (DATCOs).

#Bitcoin #WallStreet #Crypto #BTCVSGOLD #InstitutionalInvestment