A U.S. judge stated there is substantial evidence indicating that an investigation into Federal Reserve Chair Jerome Powell was intended to pressure him to either lower interest rates or step down from his position. The judge’s comments suggest potential political motivation behind the inquiry, raising questions about the independence of monetary policy decisions.
Archives: Fast News
-
Gen Z shows highest appetite for high-risk investments
Data shows 80% of Gen Z investors say they invest or plan to invest in high-risk speculative assets, citing concerns about falling behind financially. This represents the highest proportion across all generations, followed by 75% of Millennials and 66% of Gen X. The trend highlights how younger investors are willing to take on greater volatility in pursuit of returns.
-
DOJ appeals decision blocking Powell subpoenas, impacting Warsh’s Fed chair confirmation
The ongoing DOJ appeal prolongs investigations into Jerome Powell, affecting Kevin Warsh’s nomination process. The lack of evidence against Powell, highlighted by Judge Boasberg, has reset the dynamics of the confirmation process, with Senator Tillis demanding resolution before his support.
Former Fed officials warned political pressures could harm the Federal Reserve’s independence. This situation complicates confidence in market systems and could lead to delays in the Senate Banking Committee’s confirmation calendar until legal matters resolve.
-
Santiment reports lowest Bitcoin reserves on exchanges since November 2017
As of March 14th, Santiment noted that Bitcoin reserves on exchanges have significantly dropped. This indicates a move toward long-term accumulation within the crypto market, reflecting reduced selling pressure.
-
Crypto Fear & Greed Index drops to 16, signaling extreme fear
The Crypto Fear & Greed Index has fallen to 16 out of 100, classified as extreme fear. This metric reflects heightened anxiety in the market, with BTC trading near $70,735. Extreme fear readings typically indicate strong selling pressure and reduced investor confidence, though historically such extremes have preceded market recoveries.
-
Kracquisition Corp. Explores potential crypto firm acquisitions
KRAKacquisition Corp., associated with Kraken, is actively seeking acquisition opportunities in the crypto market. The firm is targeting valuations from 2 billion USD to 10 billion USD.
After raising approximately 345 million USD in its IPO, KRAKacquisition aims to focus on crypto-native sectors like stablecoins and DeFi. Kraken is also planning its IPO later this year.
-
Major AAVE holder Blockchain Capital exits position with 276,000 tokens
Investment firm Blockchain Capital has transferred its entire position of 276,000 AAVE tokens (valued at approximately $24.8 million) to Coinbase Prime. The move follows a similar exit by ParaFi Capital a week earlier, which sold AAVE and reallocated to SKY. Blockchain Capital accumulated 233,000 AAVE between October 2020 and March 2023 at an average price of $94 per token. The firm had previously sold 16,900 tokens in December 2024 for $5.04 million. If the remaining position is sold at current levels, Blockchain Capital would realize approximately $7.9 million in total gains on the accumulated holdings.
-
TRUMP rises over 7.15% in 30 minutes, the last price is 109,566 VNDC
TRUMP trading volume is $22.88m. Market capitalization reaches $883.12m.
-
Bitcoin, Bittensor, and Pudgy Penguins sustain trending momentum
Bitcoin, Bittensor (TAO), Pudgy Penguins (PENGU), Neiro (NEIRO), and Pi Network (PI) have maintained consistent trending status on CoinGecko over the past 24 hours. Sustained presence on trending lists typically reflects growing community interest and search volume across the platform. These coins have each recorded three occurrences on the trending tracker, suggesting steady engagement from market participants monitoring these assets.
-
US CLARITY Act unlikely to advance in Senate before April
Senator John Thune indicated the crypto-focused CLARITY Act faces further delays due to unresolved disagreements between banks and stablecoin issuers over regulatory framework. The bill addresses stablecoin regulation and digital asset oversight, key priorities for the crypto industry seeking legislative clarity. Continued delays suggest prolonged uncertainty around US crypto regulatory direction.