appointment

According to Jinshi reports, the Director of the National Economic Council of the White House, Hassett, stated that Federal Reserve Chairman Powell's reappointment to the Federal Reserve Board may affect interest rate cut decisions.

According to CoinDesk, despite the Clarity Act being stalled in Congress, the Trump administration is providing regulatory clarity for the crypto industry through executive actions.Analyst Brady Dale pointed out that Trump's appointment of Paul Atkins as SEC chairman could be a decisive move, as Atkins, a seasoned regulatory expert, has clearly stated that the SEC has the authority to establish the necessary rules for the crypto industry without waiting for congressional legislation. The appointment of new CFTC chairman Michael Selig further ensures coordination between the two major regulatory agencies. The two agencies are expected to submit draft rules this fall and finalize them in the spring of 2026, which will establish dedicated rules for decentralized financial networks for the first time, allowing exchanges to operate in compliance and making token sales possible.

According to the official announcement, the Gate DEX contract will launch the "Valentine's Day On-chain Appointment" themed event from February 14 to February 21, with a total prize pool of 20,000 USDT. This event is centered around the real trading scenarios of on-chain perpetual contracts, featuring a threefold incentive mechanism including new user opening rewards, invitation rewards, and lucky draws, encouraging users to participate in trading and invite friends during Valentine's Day.During the event, new users who complete their first perpetual contract transaction and reach a cumulative trading volume of 1,000 USDT or more will receive an opening reward. Additionally, users who invite friends to participate in trading and meet specified trading conditions will both receive rewards. Furthermore, users who reach the cumulative trading volume threshold or complete consecutive trades will also be eligible to participate in the lucky draw to win extra USDT rewards.

According to official news, the decentralized crypto wallet Trust Wallet has announced the appointment of Felix Fan as the new CEO.Trust Wallet stated that Felix Fan will focus on product innovation, security, and expanding the adoption of self-custody wallets globally. He will lead Trust Wallet into the next phase of development, while the company's mission remains unchanged.

According to The Block, research firm Bernstein analyzed that the stock price of IREN, a Bitcoin mining company transitioning to AI computing services, fell sharply after releasing its financial report. The main reason was market disappointment over the lack of new large AI partnership announcements, rather than a deterioration in fundamentals.The company's stock price dropped about 18% after the earnings report, to approximately $39.79. Bernstein analysts believe that the volatility of Bitcoin-related earnings is no longer the core investment logic for IREN, and investors are more focused on its progress in transitioning to AI cloud infrastructure. Although IREN's Bitcoin mining revenue decreased quarter-over-quarter this quarter, its AI cloud revenue more than doubled compared to the previous quarter. The company has secured approximately $2.3 billion in annual recurring revenue contracts for AI cloud services and expects this to grow to $3.4 billion by the fourth quarter of 2026, equivalent to deploying about 140,000 GPUs.Bernstein maintains an "outperform" rating on IREN with a target price of $125, viewing this decline as a reset of expectations rather than a signal of deteriorating execution capability.

BitMEX co-founder Arthur Hayes posted on the X platform that even if former Federal Reserve Governor Kevin Warsh becomes the chairman of the Federal Reserve, it is unlikely to truly stop monetary easing. This is because Kevin Warsh voted in favor of the first and second rounds of quantitative easing during his time as a Federal Reserve governor, only publicly opposing certain policies after leaving the Federal Reserve and no longer having a real impact on related decisions. The reason the Federal Reserve continues to "print money" is that true fiscal tightening would lead to the collapse of the entire financial system. In this context, regardless of who is in charge of the Federal Reserve, the ultimate choice will still be to continue releasing liquidity, and he bluntly stated, "Warsh would also print money," suggesting that the market should "BTFD (buy the dip)" during corrections.

According to on-chain data analyst Murphy, Bitcoin investor sentiment is shifting from the "Hesitation Zone" to the "Disappointment Zone." Murphy pointed out that the Bitcoin price cycle typically goes through four emotional stages: the Optimism Zone, the Profit-Taking Zone, the Hesitation Zone, and the Disappointment Zone. Current market indicators show that investor sentiment is transitioning from the third stage (Hesitation Zone) to the fourth stage (Disappointment Zone).The analyst stated that during the period from October to December 2025, the whale group holding 100-1000 Bitcoins had actively increased their holdings, followed by the whale group holding 1000-10000 Bitcoins taking over the accumulation. However, large whales have now stopped accumulating, with some even shifting to a reduction in holdings, which reflects a lack of investor confidence. The analysis suggests that the market needs to attract demand through a prolonged recovery or lower prices in order to build a new bottom consensus.

According to Jinshi Data, U.S. President Trump hinted that if the appointment letters of Federal Reserve governors appointed by former President Biden were signed by an automatic signature machine, he might seek to dismiss them. This is his latest attempt to strengthen control over the central bank. However, this move is unlikely to succeed.Trump previously claimed he would revoke the executive orders signed by Biden using an automatic signature machine, but the result was minimal aside from drawing attention. Any efforts to declare Senate-approved appointments invalid would almost certainly face legal challenges from the appointees.Nevertheless, these remarks still represent Trump's latest intrusion into the independence of the central bank.At a political rally in Pennsylvania, Trump stated, "I heard that those appointment letters might have been signed by an automatic signature machine. If it was indeed signed by an automatic signature machine—maybe I’m wrong, but we will find out."According to procedural rules, after the nominees are approved by the Senate, the president completes the appointment process by signing the appointment letters to officially establish their federal office. Trump then suggested that if the officials he appointed similarly used an automatic signature machine, he might "kick that person out." He asked Treasury Secretary Scott Bessent, who was present at the rally, to investigate the matter."Can you check on that?" Trump continued. "Scott, okay, because I heard the automatic signature machine might have signed all four, or maybe a few of them—let's check two of them. So look into this."The Federal Reserve declined to comment.

According to a CNBC survey, although 84% of respondents expect Trump to nominate National Economic Council Director Kevin Hassett to succeed the Fed Chair, only 11% believe he is the right choice. 47% of respondents favor Fed Governor Christopher Waller, while 23% support Kevin Warsh, but only 5% think Trump will choose either of them.The market is concerned about whether Hassett can uphold the Fed's dual mandate of stable prices and maximum employment, as well as maintain the central bank's independence from political interference. 76% of respondents believe the next chair will be more dovish than Powell, and 51% think he will cater to the president's desire for rate cuts rather than act independently.

According to Jin Ten, U.S. Treasury Secretary Basent stated on Wednesday that he plans to push for a requirement that the 12 regional Federal Reserve presidents must reside in their respective Federal Reserve districts for at least three years before being appointed to lead them.Basent mentioned that he will advocate for future appointments of candidates who do not meet this residency requirement to be vetoed by the Federal Reserve Board in Washington. "The Federal Reserve Chairman and the Board have the final say on the candidates for the regional bank boards..." Basent stated, "Therefore, I believe... unless someone has lived in the district for three years, we will veto them."

ChainCatcher news, according to Decrypt, several liberal lawmakers, including U.S. Senator Elizabeth Warren, sent a letter on Wednesday to White House AI and cryptocurrency chief David Sacks, asking him to clarify whether he has exceeded the 130-day annual work limit for special government employees.Sacks currently serves as a partner at the venture capital firm Craft Ventures, and his dual role has raised ethical concerns.Previously, The New York Times reported that Sacks played a key role in a U.S.-UAE AI chip deal, which is linked to the Trump family's cryptocurrency platform. The lawmakers are requesting that Sacks provide detailed work records within two weeks.

ChainCatcher news, according to Jinshi reports, Milan has received enough votes to pass the U.S. Senate nomination vote, officially confirming his appointment as a member of the Federal Reserve Board.

ChainCatcher news, according to Jinshi reports, Fosun Wealth Holdings announced on August 22 that it has become one of the distributors of tokenized structured notes for Singapore's largest bank, DBS Bank. This product is a participation note linked to cryptocurrencies, which pays cash returns when the price of digital assets rises, while limiting downside risk.

ChainCatcher news, according to Eleanor Terrett, the confirmation process for CFTC chairman nominee Brian Quintenz has encountered resistance. Internal emails obtained through the Freedom of Information Act indicate that Quintenz may have accessed CFTC confidential information during his tenure as a director of the prediction market platform Kalshi, raising ethical concerns.The White House has requested the Senate Agriculture Committee to postpone the scheduled nomination vote.

ChainCatcher news, according to a statement from the Federal Reserve, Fed Governor Quigley will resign next week, providing Trump with an opportunity to appoint a favored candidate who may take a leadership position at the central bank. Quigley's position was not set to become vacant until January next year, and there are currently no other vacant positions on the seven-member Federal Reserve Board.Now, Trump will have the chance to immediately appoint a governor to pressure Chairman Powell—and this governor could potentially succeed Powell. The statement said that Quigley has submitted his resignation to President Trump and will step down next Friday (August 8) to return to Georgetown University as a professor.Quigley did not attend this week's Federal Reserve policy meeting, and the board stated that he was absent due to personal matters. Quigley previously served as the Chief Economist at the U.S. Department of Labor and was appointed to the Federal Reserve Board by Biden in 2023.

ChainCatcher news, according to Bloomberg, the White House reiterated its support for Trump's nomination of Brian Quintenz as chairman of the Commodity Futures Trading Commission (CFTC). This comes after a delay in Quintenz's nomination, as the Senate Agriculture Committee unexpectedly canceled the vote on his nomination on Monday. However, the White House made it clear on Wednesday that Quintenz remains the top candidate for the position and looks forward to his swift confirmation.Quintenz served as a CFTC commissioner from 2017 to 2021, and since then, he has been an executive in the cryptocurrency division of the venture capital firm a16z. He also served as a board member of the prediction market platform Kalshi. Quintenz stated that if confirmed, he would resign from both companies.ChainCatcher previously reported that, according to crypto journalist Eleanor Terrett, the White House delayed advancing the CFTC chairman nomination vote, possibly due to nominee Quintenz's team seeking confidential CFTC information related to competitors such as Polymarket and PredictIt while he was still serving on the board of Kalshi.

ChainCatcher news, according to CoinDesk, the nomination process for Brian Quintenz, the candidate for chairman of the Commodity Futures Trading Commission (CFTC) nominated by President Trump, has been delayed again. The White House has requested the Senate Agriculture Committee to postpone the confirmation vote originally scheduled for this week, marking the second delay following last week.As a key figure in the Trump administration's financial regulatory team, if Quintenz is appointed, he will lead the CFTC, which may become the primary regulatory body for cryptocurrencies in the United States. The White House has not provided an explanation for the delay, nor is it clear when the vote will be rescheduled.This delay comes just as the House has passed the Digital Asset Market Clarification Act (CLARITY Act), which aims to grant the CFTC regulatory authority over spot trading of non-security digital assets. The legislative deadline set by Senate Banking Committee Chairman Tim Scott for September 30 is also facing uncertainty.

ChainCatcher news, Cango Inc. (NYSE: CANG) announced the completion of its transformation into a global Bitcoin mining company, while appointing a new board of directors (referred to as the "Board") and senior management team.According to the resolution passed on July 23, 2025, the Board appointed:(1) Xin Jin as Chairman of the Board and Non-Executive Director;(2) Peng Yu as Chief Executive Officer and Director;(3) Chang-Wei Chiu as Director;(4) Yongyi Zhang as Chief Financial Officer;(5) Simon Ming Yeung Tang as Chief Investment Officer.To enhance governance, the Board also appointed:(1) Independent Director Chi Ming Lee as a member of the Compensation Committee and the Nominating and Corporate Governance Committee;(2) Independent Director Yanjun Lin as Chair of the Compensation Committee and a member of the Nominating and Corporate Governance Committee;(3) Haitian Lu as Chair of the Nominating and Corporate Governance Committee and a member of the Compensation Committee.At the same time, the Board accepted the resignation of Xiaojun Zhang from the positions of Director and Chairman of the Board, as well as Jiayuan Lin from the positions of Chief Executive Officer, Interim Chief Financial Officer, and Director. Both completed a secondary acquisition—selling a total of 10 million shares of Class B common stock to Enduring Wealth Capital Limited for a total consideration of $70 million; and voluntarily converting all remaining Class B common stock held by their holding company into Class A common stock with one vote per share. After the transaction, they collectively held 18.54% of the company's total outstanding shares and 12.07% of the total voting power; Enduring Wealth Capital Limited held approximately 2.82% of the company's outstanding shares and 36.73% of the voting power.

ChainCatcher news, according to Jin Shi reports, Pacific Investment Management Company (PIMCO) economist Tiffany Wilding pointed out in a report that although U.S. President Trump may continue to criticize the Federal Reserve and call for interest rate cuts in the short term, he will not replace the current chairman Powell.Instead, Trump will influence Federal Reserve decisions through upcoming appointments, including the term of Governor Quigley expiring in January and the term of Chairman Powell expiring in May.It is important to note that Powell's term as a governor will last until January 2028. Wilding emphasized that regardless of whom Trump nominates to succeed as chairman, the new leader must present a convincing monetary policy proposal, first gaining Senate approval and then seeking majority support from the Federal Open Market Committee.