Trump will announce the new Fed chair this week? The market bets on Hassett, the crypto world is waiting for interest rate cut signals.

[Coin World] There has been significant movement in the news. Sources reveal that Trump will announce the new Fed chair nominee this week, and the person has already been decided. Now traders over at Kalshi are betting wildly—the probability of National Economic Council Director Kevin Hassett receiving the nomination has been pushed to 75%.

This is not a small matter for the coin circle. The market generally expects that the new chairman will accelerate the pace of interest rate cuts after taking office. It is important to know that the Fed has just stopped reducing its balance sheet, and if it really turns to easing, the prices of crypto assets may see a boost. After all, liquidity is crucial for this market.

However, Charles Hoskinson, the founder of Cardano, poured a bucket of cold water on that. He reminded everyone not to rely too much on traditional institutions to predict economic trends, and developers should focus their energy on products that can truly be used by ordinary people. This statement is quite pragmatic—rather than keeping an eye on every move of the Fed, it's better to work steadily on application implementation.