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Share link:In this post: Treasury Secretary Scott Bessent told Japan’s Nikkei the next Fed chair must have market credibility, strong data-analysis skills, and a forward-looking approach beyond just rate policy. He defined a “strong dollar” as maintaining the U.S. dollar’s reserve currency status through sound economic policy, not pegging it to a fixed exchange rate. About 10 candidates are in the running to replace Jerome Powell in May, including James Bullard, Kevin Hassett, Kevin Warsh, Christopher Wall
Bitcoin price is within a whisker of its July record, and two market signals hint the breakout may not stop at a new high.
Lido DAO’s LDO token surged 12% to a six-month high amid rising network activity and strong investor interest. Bullish sentiment now targets $1.68, with $1.85 in sight if momentum holds.
- 15:41Trading volume for bets on James winning the 2028 US presidential election on Polymarket has surpassed the combined total for Vance and othersAccording to ChainCatcher, market sources report that the trading volume for bets on NBA star LeBron James being elected U.S. President in 2028 on Polymarket has reached $1.9 million, surpassing the combined total for U.S. Vice President Vance, California Governor Gavin Newsom, and Congresswoman Alexandria Ocasio-Cortez.
- 15:27Verb Technology holds $713 million worth of TON and $67 million in cashAccording to Jinse Finance, Verb Technology Company, Inc. (NASDAQ: VERB, soon to be renamed Ton Strategy Company) announced today that its treasury assets have exceeded $780 million, including $713 million in Toncoin (TON) and $67 million in cash. Previously, on August 8, Verb Technology completed a $558 million private placement, with participation from over 110 institutional and crypto-native investors. The company has allocated the majority of the private placement proceeds to purchase TON as its primary treasury reserve asset. The goal is to accumulate more than 5% of TON’s circulating supply.
- 15:23A major whale/institution sold 2,070 BTC and bought 30,367 ETH, opening long contracts for 78,000 ETH in the past 24 hoursAccording to ChainCatcher, on-chain analyst Yujin has monitored that a whale/institution, which has held 10,606 BTC for as long as 7 years and made a profit of $1.12 billion, has sold 2,070 BTC ($235 million) in the past 24 hours. A portion of the proceeds from the BTC sale was used to purchase 30,367 ETH ($131 million) in spot, while another portion was used to open long positions on 78,000 ETH via contracts (with a position value of $336 million). The entity still holds 8,437 BTC ($960 million) and may continue to rotate its holdings into ETH.