The news that broke late at night is worth paying attention to—Kevin Hassett is very likely to become the next Federal Reserve Chair. This pick is almost certain, and the market has already started to price in this expectation.

In addition, there are reports from Trump’s side about a pleasant collaboration with Musk. Strategy’s recent moves are also quite interesting; they raised $1.4 billion in reserve funds by selling stocks, which has indeed alleviated a lot of selling pressure in the Bitcoin market.

In terms of probability, the chance of the Fed cutting rates by 25 basis points next week is as high as 89%. Overall market sentiment is warming up, the previous wave of regulatory uncertainty seems to be dissipating, and various positive signals are starting to appear. In the short term, the pressure on the crypto market is indeed easing.