President Trump on Friday announced Kevin Warsh as his nominee to succeed Jerome Powell as Chair of the Federal Reserve, yet Bitcoin (CRYPTO: BTC) plunged below $83,000 on the news.

Warsh Nomination Shifts Macro Interpretation

Technical analyst Kyledoops said a Warsh-led Fed would fundamentally change how markets interpret policy signals, given his reputation as an inflation hawk and strong-dollar advocate.

“If Warsh even hints at easing, it would be taken as genuinely meaningful,” Kyledoops noted, adding that such signals could reprice the dollar, yields, risk assets and Bitcoin.

He emphasized that markets trade perception as much as policy, and leadership often shapes that narrative.

Benzinga

Bitcoin tapped $82,000 overnight, with liquidations at $1.80 billion over the past 24 hours.      

Bitcoin ETFs saw $817.9 million in net outflows on Thursday, while Ethereum ETFs reported $155.6 million in net outflows.

The meme coin sector fell 9% over the past 24 hours to a total market capitalization of $40.6 billion amid the broader selloff.

Trader Commentary:

Analyst Crypto Tony said a potential back-test of $84,600 could offer an opportunity to re-enter short positions, with a downside target near $80,600.

Daan Crypto Trades noted Bitcoin has broken below its main support region, while the November low remains untested.

At best, bulls can hope price stalls here without strong…

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The U.S. Senate Committee on Agriculture, Nutrition, and Forestry voted on Thursday to advance cryptocurrency market structure legislation, moving the bill closer to establishing federal regulations for digital assets.

The move has been lauded by prominent figures in the industry, who see it as a vital step in positioning the U.S. as a global leader in crypto innovation.

White House Czar Hails ‘Crypto Capital’ Push

Sacks, who also serves as White House AI and Crypto Czar, confirmed the committee action in an X post, thanking Chairman John Boozman for leadership on the measure.

“We are one step closer to establishing the necessary regulatory framework to make the United States the…

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Economist Peter Schiff questioned on Thursday how Strategy Inc. (NASDAQ:MSTR) can sustain the 11% dividend payout on its Perpetual Stretch Preferred Stock (NASDAQ:STRC), citing the company’s ongoing financial challenges.

Saylor Says SRTC Providing Yield With Less Volatility

It all started when Strategy founder Michael Saylor took to X, highlighting how the Bitcoin-backed preferred stock delivered 11% annual dividend, paid monthly in cash.

Saylor attached a chart showing STRC’s 6% historical volatility, significantly lower than the Strategy’s Class A shares and the iShares Bitcoin Trust ETF (NASDAQ:IBIT), the world’s largest Bitcoin exchange-traded fund.

“STRC delivers the first…

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President Donald Trump, during an appearance at the premiere for the film “Melania,” on Thursday, said that he will name his pick for the Federal Reserve Chair on Friday.

Trump To Announce Fed Chair Pick On Friday

“I’ll be announcing the Fed chair tomorrow morning,” Trump said, according to a report by CNBC. Trump also said that he has a pick in mind.

The shortlist reportedly includes Kevin Warsh, a former Federal Reserve governor, National Economic Council Director Kevin Hassett, BlackRock’s chief investment officer of global fixed income, Rick Rieder and current Fed Governor Christopher Waller.

Kevin Warsh Emerges As Frontrunner

Kevin Warsh has emerged as the frontrunner ahead of the…

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Leading cryptocurrencies plunged alongside stocks on Thursday, as a tech-driven sell-off sent risk-on markets into a tailspin.

Crypto Sees Over $1 Billion In Liquidations

Bitcoin sank below $84,000 to hit levels last seen in April. Trading volume surged 64% over the last 24 hours, signaling high selling pressure. 

Ethereum dived to $2,751, its worst since early July, while XRP and Dogecoin recorded sharp drops.

Shares of cryptocurrency-related companies, including Strategy Inc. (NASDAQ:MSTR)  and Bitmine Immersion Technologies Inc. (NYSE:BMNR), closed down 9.63% and 9.89%, respectively

About  $1.74 billion was liquidated from the market in the last 24 hours, according to Coinglass, with…

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The New York Stock Exchange is preparing for a future where stocks and other financial instruments can exist as blockchain based tokens. While tokenization is often framed as a way to speed up settlement and reduce costs, it also introduces a more complex challenge for regulators and market participants: how to protect sensitive trading and identity data while preserving the transparency required for market oversight.

Tokenization would move parts of today’s market infrastructure onto distributed ledgers. That shift forces regulators to rethink long standing assumptions about surveillance, record keeping and data protection. Unlike traditional trading systems, blockchain ledgers can make…

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Bitcoin has plummeted below $84,000 as risk-off sentiment pauses the commodities rally.

Notable Statistics:

Coinglass data shows 226,842 traders were liquidated in the past 24 hours for $948.33 million.      

In the past 24 hours, top losers include Chiliz, Lighter and Optimism.

Notable Developments:

Trader Notes: Altcoin Sherpa noted Bitcoin looks weak on lower timeframes. While a short-term relief bounce is possible, the trader is prioritizing risk management over catching a falling knife.

Trader Koala highlighted the $86,600 weekly close as the line in the sand. A close below this level would align all timeframes bearish, potentially setting up mass liquidations before a real…

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Ripple (CRYPTO: XRP) and Coinbase Global Inc. (NASDAQ:COIN) have poured a combined $75 million into crypto super PAC Fairshake, yet find themselves on opposite sides of the crypto market structure bill.

The Super PAC War Chest

Fairshake announced Wednesday it raised $193 million total for the 2026 midterms, making it one of the best-funded political forces in the country according to Politico.

Ripple put in $25 million, Coinbase added $25 million on top of its earlier $25 million donation since the 2024 election for a total of $50 million, and Andreessen Horowitz contributed $24 million.

The super PAC network includes Fairshake, Protect Progress, and Defend American Jobs.

The 2024 results…

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