Odaily News Sources say that Trump trusts Hassett and believes that he is aligned with him on the desire to push the Central Bank for more aggressive interest rate cuts. Hassett has stated that he would accept the position if invited. Last week, U.S. Treasury Secretary Becerra, who is overseeing the selection process, indicated that Trump might announce his nominee before the Christmas holiday. Other finalists besides Hassett include Federal Reserve Board of Governors member Christopher Waller, Michelle Bowman, former Federal Reserve Board member Kevin Warsh, and BlackRock's Rick Rieder. Trump has also frequently expressed a desire for Becerra to serve as chairman, but Becerra has repeatedly declined.

According to Foresight News, data from Polymarket shows that in the prediction "Who will Trump nominate as the Fed chairman?", the market currently bets that Kevin Hassett has the highest probability of being elected, rising to 73%.

Paul Krugman warned that Trump's allies are undermining the regulatory measures established after the 2008 financial crisis, increasing instability in the financial system. He mentioned that loosening bank capital requirements and supporting the encryption industry could trigger a new crisis.

BlockBeats news, on December 1, reported by WSJ, stocks and crypto assets related to President Trump are deeply mired in a downturn, causing significant losses for some of his most loyal supporters. The price of DJT, under Trump's name, has fallen 75% since he took office. The digital "meme coins" named after Trump and First Lady Melania have dropped 86% and 99%, respectively, since inauguration day. The crypto project World Liberty Financial, under the Trump family, has also seen a decrease of about 40% since its launch in September. Stocks and digital currencies directly associated with the president or his family have suffered heavy losses, reflecting a general pullback in the entire overvalued and highly speculative market (including Bitcoin and AI leaders like CoreWeave). The market originally expected the new administration to promote deregulation, tax cuts and...

According to Jinse Finance, the board of Alt5 Sigma, a reserve company associated with the Trump family, did not learn of the conviction in May for the money laundering case in Rwanda until the end of August, several months after the World Liberty Financial transaction. Previously, ALT5Sigma announced that it had fired several executives, including acting CEO Jonathan Hugh and COO Ron.

PANews, November 30 news, according to Jin10 reports, Hassett, the director of the White House National Economic Council, stated that if President Trump nominates him for the Fed chair, he "would be very willing to serve."

PANews, November 29th news, according to Jin10 report, U.S. President Trump stated that the stock market and 401k plans have reached historic highs, Inflation, prices, and taxes are all declining. Tariffs have made our country wealthy, strong, prosperous, and secure. Education is being brought back to the U.S., and our military and southern border are the strongest in history.

According to Jinse Finance, U.S. President Trump: All documents signed by "Sleepy Joe Biden" through an automatic signature device (about 92% of his signed documents) are hereby nullified and permanently invalid. The automatic signature device may not be used without special approval from the U.S. President. Radical leftist crazies surrounding the Resolute Desk in the Oval Office have stripped Biden of his presidential powers. I hereby revoke all executive orders and other documents not personally signed by Biden, due to illegal operations by the automatic signature device operator. Joe Biden did not participate in the automatic signature process, and if he claims to have participated, he will face perjury charges. Please be advised!

PANews, November 28 - According to a report released recently by the Democratic Party of the House Judiciary Committee, President Trump and his family profited over $800 million through a cryptocurrency project in the first half of 2025 by colluding with foreign powers and corporate interests. Their total assets increased to $11.6 billion, while they also disbanded regulatory agencies, interfered in investigations, and pardoned involved financiers, which is suspected of serious corruption and conflicts of interest.

According to PolyBeats monitoring, Kevin Hassett's probability of being nominated as the Fed chair by Trump in 2025 has risen significantly to 35%, making him a leading candidate. Hassett is viewed as a supporter of interest rate cuts, and the blog Finance Minister confirmed that he has entered the final shortlist, with an announcement planned before Christmas. In the long-term market, Hassett leads with a 56% probability, with Waller being the second most popular.

BlockBeats reported that on November 27, the renowned economist Nouriel Roubini has carried the nickname "Dr. Doom" for nearly two decades. This economist believes that after a brief period of cooling growth, a strong rebound driven by technology and capital expenditure will follow, allowing the U.S. to maintain its leading position in the world. He pointed out that, first, market discipline, rational advisors, and the independence of the Fed protected the worst policies after the "Day of Liberation." Due to a rapid and substantial adjustment in the market, Trump had to concede and negotiate a more reasonable trade protocol. The current popular view—that the U.S. stock market is in a massive bubble destined to burst—is incorrect in the medium term. Roubini noted that increased GDP growth may lead to rising real bond yields, but a massive positive total supply shock driven by technology could.

Alt5 Sigma Corp. announced the dismissal of interim CEO Jonathan Hugh and COO Ron Pitters, stating it is unrelated to any specific misconduct. Previously, the company was tried for Money Laundering, and the board only learned of the related events then. Tony Isaac has taken over as interim CEO.

The chief Democrat of the U.S. House Judiciary Committee released a report accusing Trump of abusing encryption policies for his family's interests, stating that his pro-encryption stance resulted in hundreds of millions of dollars in revenue and that he has financial ties with foreign investors, indicating unprecedented corruption.

As Bitcoin consolidates its recent rise, some altcoins with strong development potential are rising against the trend, such as World Liberty Financial (WLFI) and Ethena. According to Gate data, Ethena has risen 7.3% in the past 24 hours, while Bittensor and Quant's rise is between 5% and 7%. WLFI, associated with the Trump family, has risen 36% since hitting a low of $0.11 on November 21, demonstrating concentrated and strong demand in an overall cautious market. Alts refer to a general term for non-mainstream cryptocurrencies, with its definition changing over time and market conditions. As Bitcoin stabilizes after recent fluctuations, altcoins show a limited recovery.

Trump's son Eric Trump shared the behind-the-scenes operations of the American Bitcoin Mining Farm, revealing its massive operational scale. The company utilizes liquid-cooled servers and domestic energy to mine approximately 2% of the daily Bitcoin supply. This development has further sparked interest in the company's rising influence in the Bitcoin mining sector. In a video posted on the X platform, Eric Trump showcased the high-tech Mining facilities of American Bitcoin. The facility has 35,000 liquid-cooled servers designed specifically for Bitcoin Mining. Each server uses what he calls "domestic American energy," emphasizing the facility's reliance on local power resources.

BlockBeats news, on November 26, the latest PPI and CPI data shows that the U.S. September core PCE is expected to rise 0.2% month-on-month and fall to 2.8% year-on-year, only a slight decrease from the previous month. Although energy and food costs have pushed wholesale prices up, several key items covered by the PCE may keep core inflation at recent levels, serving as the last available inflation assessment before the Fed's December meeting. The market generally believes that decision-makers will engage in intense debate between "third rate cut" and "maintaining interest rates unchanged." On the political front, Trump has intervened in the midterm elections 18 months in advance, strongly promoting tax cuts and urging Republican candidates to focus on affordability issues to hedge against the decline in support rates caused by rising living costs. His strategic layout is seen as simultaneously strengthening party mobilization and building a "Congressional firewall" to avoid a third impeachment.

According to BlockBeats, on November 26, Eric Trump, the son of U.S. President Trump, responded on social media to "Eric Trump believes Ethereum will break 8000 USD in the next 38 days" by stating, "Stop spreading these fake news. I certainly hope to see this happen, but I never said this."

US President Trump stated that a peace protocol between Ukraine and Russia is close to being reached, but European leaders remain skeptical. The US pointed out that some delicate details still need to be resolved and discussions must continue. Ukraine has tentatively agreed to the protocol but needs to discuss the terms.

Trump stated on "Truth Social" that progress has been made on the peace plan for the Russia-Ukraine conflict, with only a few remaining differences. He instructed envoys to travel to Moscow to meet with Putin, while the U.S. Secretary of the Army will discuss matters with Ukraine, looking forward to meeting with the leaders of both countries soon.

According to a report by Jinse Finance, citing three informed sources from MS NOW, U.S. President Trump is considering replacing FBI Director Kash Patel in the coming months due to growing dissatisfaction among him and senior aides regarding the negative news generated by Patel recently. Patel has come under scrutiny for his management of internal resources, with reports of him arranging security for his girlfriend and using government planes, as well as disputes with other Trump associates.

Golden Finance reports that the currency strategist team at JPMorgan, led by Meera Chandan and Arindam Sandilya, had predicted that the dollar would strengthen after Trump took office this year. However, with the dollar's performance in the first half of the year being the worst in 50 years, the team had to quickly adjust its outlook. The team's view on the dollar turned negative in March and has maintained that stance ever since. The strategists now expect the dollar to fall by about 3% before mid-2026, and then stabilize. However, analysts point out that several key factors complicate the bank's bearish outlook. First, despite the Fed's recent interest rate cuts, U.S. rates remain higher than many other global central banks. They state that this makes global investors more inclined to park their funds in the U.S. and limits the appeal of diversifying investments outside the U.S. More broadly, JPMorgan is concerned about the risks related to the U.S. labor market or growth expectations.

November 26 news, reports say that as the selection process for the new chair of the Fed enters its final weeks, White House National Economic Council Director Kevin Hassett is seen by Trump’s advisors and allies as the frontrunner for the next Fed chair. However, insiders also point out that Trump is known for making surprising personnel and policy decisions, so nominations cannot be considered final until publicly announced. The selection of the Fed chair and board members has traditionally been the most direct way for a president to influence the Fed. During Trump’s first term, he nominated the current chair Jerome Powell, but Trump deeply regretted that decision when Powell did not cut rates at the pace he expected. Hassett is viewed as being highly aligned with Trump’s economic views, including the assertion that rates need to be dropped. In an interview on November 20, he stated that if he were to serve as Fed chair, "I would drop rates now," because "the data suggests we should do this."

BlockBeats News, on November 25, Ukrainian President Zelensky stated that negotiations with the United States on a peace plan are still ongoing after reports indicated that Kyiv has agreed to potential terms for ending the conflict with Russia. After a phone call with German Chancellor Merz on Tuesday, Zelensky stated on social media platform: "Communication with the U.S. side is still ongoing, and I thank all Americans for their efforts, and I personally thank President Trump for his efforts." Previously, ABC News cited a U.S. official saying that Ukraine has agreed to a potential peace protocol, but some details are still pending organization. (Jin10)

PANews November 25 news, US Treasury Secretary Becerra: Regarding the candidates for the new Chairman of the Fed, the final round of interviews will be conducted today, and there are currently five strong candidates. President Trump is very likely to announce the new Chairman of the Fed before Christmas.

BlockBeats news, on November 25, although Trump will not appear on the ballot for next November's midterm elections, he is fully committed with a do-or-die attitude because this election is crucial to his presidential term and political life. According to nine Republican strategists involved in the election, he is calling candidates, endorsing them early, formulating strategies, and pushing economic messages in an attempt to keep Congress in Republican hands. "Presidents usually start acting late in the campaign," said Bill Galston, a former senior advisor in the White House under Democratic President Bill Clinton, "Such engagement at this stage is extremely rare." Six Republican insiders told Reuters that Trump wants party candidates to use his tax cut plan as the campaign theme. The plan was introduced in July by the Republicans.

According to ChainCatcher news and Jin10 data reports, Trump posted on social media that he will visit China in April next year. "The situation can only get better, our relationship with China is very strong!" he wrote, noting that this call is a further communication following the "very successful" meeting held in South Korea between both parties. Since that meeting, both China and the US have made "significant progress" in ensuring the correlation and accuracy of the bilateral protocol.

Odaily News D.O.G.E (Department of Efficiency of the U.S. Government) posted on the X platform stating that the reports by Reuters regarding its demise are fake news. The department will resume its routine updates on Friday in a few days. The American people have authorized President Trump to modernize the federal government and reduce waste, fraud, and abuse. Just last week, the department terminated 78 wasteful contracts, saving taxpayers $335 million.

On Monday, the crypto project World Liberty (WLFI), associated with the Trump family, announced an investment in the Meme coin Sht Pss Skin Can (SPSC), causing the token's price to rise over 143%. SPSC pays tribute to WLFI co-founder Chase Herro, and WLFI's tweet called for buying SPSC, to which Herro expressed support. Currently, the price of SPSC is around $0.0063, with a market capitalization of $6.8 million.

The Trump administration is resisting a lawsuit that demands Elon Musk testify, accusing him of illegally dissolving the United States Agency for International Development while serving as head of the Department of Government Efficiency, allegedly violating the constitutional principle of separation of powers. The Department of Justice has requested to halt the related evidence-gathering procedures.

The White House in the United States has launched the "Genesis Mission" plan, aimed at accelerating scientific research progress through artificial intelligence. This initiative will integrate federal research resources to promote breakthroughs in areas such as medicine and energy, while also opening datasets to foster innovation and collaboration.

Golden Finance reported that on Monday, a federal judge dismissed the lawsuit against Trump's political opponent, former FBI Director James Comey, and New York Attorney General Letitia James. The judge ruled that the appointment of Acting U.S. Attorney Lindsey Halligan in Alexandria, Virginia, was invalid.

Odaily News The National Association for Business Economics (NABE) stated in its annual forecast survey that the U.S. economic growth rate will slightly accelerate next year, but job growth will remain weak, and the Fed will slow the pace of further interest rate cuts. This survey covers 42 professional forecasters, and the results show that the median economic forecast is a rise of 2%, up from 1.8% in the October survey. Increased personal spending and business investment are expected to drive economic growth higher, but professional forecasters almost unanimously believe that the new import tariffs from the Trump administration will drag the growth rate down by at least 0.25 percentage points. The survey report states, "Respondents believe that 'tariff impacts' are the biggest downside risk to the U.S. economic outlook." Stricter immigration enforcement is also seen as a factor suppressing economic growth, while improvements in productivity are considered the most likely factor driving economic growth above expectations. Additionally, inflation is expected to be 2.9% by the end of this year.

Trump stated on social media that despite the huge revenue the U.S. has gained from tariffs, the benefits of the tariffs have not yet fully materialized due to consumers' "stockpiling" behavior. He predicts that inventories will run out, tariffs will cause a big pump in U.S. revenue, and enhance national security and wealth.

According to ChainCatcher news and Maryland HODL analysis, a power struggle over the monetary system is unfolding in the United States. The Trump administration is quietly pushing for the transfer of currency issuance authority from the Fed back to the Treasury, using stablecoins and Bitcoin reserves to establish a new digital dollar framework. As the core of the old system, JPMorgan is retaliating through shorting MicroStrategy (MSTR) and creating liquidity bottlenecks. MSTR has become a key bridge connecting traditional capital and Bitcoin architecture. The Trump team urgently needs to gain control of Fed governance before the Federal Reserve Board vote in February 2025, or they will miss the historical window to restructure the monetary system. This is not just a financial or political issue, but the largest transfer of monetary sovereignty since 1913.

Trump family's wealth fell from $7.7 billion in September to $6.7 billion due to the poor performance of its encryption investment portfolio. TRU coin fell 25%, Bitcoin mining companies' market capitalization experienced a 50% Slump, media equity value decreased by $800 million, and the overall losses in encryption projects were significant.

Trump posted on Truth Social, pointing out that although the United States has gained huge revenue from tariffs, the benefits have not yet been fully realized. He believes that buyers hoarding inventory will lead to a surge in future tariff amounts, bringing unprecedented national security and wealth. He looks forward to the Supreme Court ruling on this to promote America's success and prosperity.

According to Bloomberg, Bitcoin started the week lower after experiencing a prolonged dumping, making it likely to record its worst monthly performance since 2022. After a rebound over the weekend, Bitcoin fell 2.3% in early trading on Monday, briefly dipping below $86,000, before narrowing its losses. As of 10:24 AM Singapore time, Bitcoin was trading at $87,986. Despite the Bitcoin price being well above last Friday's low of $80,553, traders do not believe it is worth celebrating. Although institutional investors' acceptance of cryptocurrencies has surged, and U.S. President Trump has strongly supported the cryptocurrency industry and pushed for a series of policy initiatives, the entire cryptocurrency market remains in a noticeable slump.

According to the latest data from the Bloomberg Billionaires Index, the Trump family's wealth plummeted from $7.7 billion to $6.7 billion between September and November 2025, evaporating $1 billion in a single quarter, mainly due to the severe shrinkage of their crypto portfolio. Among them, Trump's media company's Bitcoin holdings have a floating loss of 25%, the token WLFI on the World Liberty Financial platform has halved in value, the stock price of the American Bitcoin company has plummeted by over 50%, and the Trump-themed meme coin has dropped about 25% since August.

CITIC Securities pointed out that the decline of the US stock market on November 20 was mainly driven by macro factors rather than a collapse of the AI bubble. Profit-taking and the Fed's hawkish statements triggered a pullback, and the market may focus on Trump's nomination of a new Fed chairman in the future. At the same time, the fundamentals of the AI zone are solid, and the possibility of a bubble burst in the short term is low.

The government efficiency department (DOGE) established by President Trump has been disbanded, despite plans to operate until 2026. The director of the Office of Personnel Management, Cooper, confirmed that the department no longer exists, marking the failure of the Trump administration's attempts to reform the department.

According to Jincai Finance, US Secretary of State Rubio stated that the talks held between the US and Ukraine on November 23 in Geneva, Switzerland, were the most productive and meaningful meetings between the two sides to date. Rubio noted that the discussions made good progress, but there is still some work to be done, and his team will provide more updates later on the evening of the 23rd. Rubio mentioned that the outcomes of the talks will ultimately need to be signed off by US President Trump.

Golden Finance reported that White House economic advisor Hassett: The new leadership of the Fed may be expected to cut interest rates, and Trump may interview Fed candidates in the coming months. We may determine the Fed chair candidate around the New Year.

Trump is expected to appoint a new Fed chairman next May, after which the Interest Rate is likely to drop significantly. However, voices opposing interest rate cuts within the Fed are growing stronger, which may affect the decision on interest rate cuts. Even with a change in leadership, internal divisions may persist, indicating that future monetary policy may be decided by a slim majority.

According to Jin10, Trump is expected to push for significant interest rate cuts after appointing a new Fed chair next year, but opposition within the Fed to a rate cut in December is becoming increasingly evident, with Powell facing unprecedented internal resistance and the decision-making process potentially experiencing serious divisions.

Jin10 reports that Reuters on the 21st cited sources revealing that the Trump administration is considering approving the export of NVIDIA's H200 artificial intelligence chips to China. The report cited informed sources stating that the U.S. Department of Commerce, which oversees U.S. export controls, is reviewing changes to export restrictions to China, and that related plans may change. The report stated that the U.S. Department of Commerce has not yet responded to this, and NVIDIA has not directly commented on the matter.

Trump emphasized during an interview that Ukrainian President Zelensky must agree to the U.S. peace plan, or the conflict will continue. He mentioned that he had warned Zelensky that "there are no cards to play," and pointed out that both sides have suffered heavy casualties. Trump believes that the 27th is the deadline for Ukraine to accept the peace plan.

U.S. Democratic Congressman Jason Crow has called for an investigation by Capitol Police into Trump for his "intimidating and threatening" remarks on social media. This request involves legal disputes surrounding the president's constraints under criminal justice procedures, as Trump's posts have led to an increase in violent threats against congressional offices.

Putin stated at the Standing Committee meeting that Russia and the United States have discussed Trump's peace plan for Ukraine and the U.S. "28-point plan." He pointed out that Russia is willing to engage in peace negotiations, but there needs to be an in-depth discussion on the details of the plan. Currently, the U.S. pause stance is related to Ukraine's rejection attitude.

According to ChainCatcher news, the Trump family's encryption project "World Liberty Financial" partner WLFI Reserve Company ALT5 Sigma stated in documents submitted to the SEC that its CEO was officially suspended on October 16, but internal emails show that the company's board had actually placed him on "temporary leave" as early as September 4. Several securities regulation experts indicated that this significant time difference may have violated information disclosure rules. The enclosed email also revealed that the Chief Revenue Officer Vay Tham was simultaneously placed on leave, as the board's special committee is investigating "certain matters related to the company." According to SEC regulations, listed companies must disclose when executives actually cease to perform their duties.

Odaily News As Powell's four-year term is set to end in May next year—just six months away—the search for the next Fed chair is in full swing, with five candidates currently vying for what could be the most significant position in the U.S. economy. Powell has endured months of relentless attacks from Trump. Trump has consistently called for a drop in interest rates and has tried to reshape the Fed into a subservient institution. This week, Trump reiterated his desire to fire Powell, stating he 'really wants to get rid of him.' The next Fed chair may need to arm themselves to resist Trump's scorched-earth policy approach—unless that person is Hassett. Hassett has already hinted that he would support Trump's desire for a massive rate cut. (Jin10)