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31 Jan 2026, 08:30
Trump Nominates Pro-Crypto Kevin Warsh For New Fed Chair — Details
United States President Donald Trump has unveiled former Federal Reserve Governor Kevin Warsh as his pick for the next chair of the US central bank. This move confirms the circulating rumors after the former Fed governor reportedly met with Trump at the White House on Thursday, January 29. Trump Pushes Warsh To Senate For Fed Chair Position On Friday, January 30, Trump, via his social media platform Truth Social, announced his nomination of ex-Fed official Kevin Warsh as the successor of Jerome Powell as the Federal Reserve chairman. Prior to this announcement, prediction platforms had heavily tipped Warsh as Trump’s likely pick. Related Reading: Why Litecoin Price Going To $2,000 Is Not A Fantasy, But Market Cap Math Warsh previously served on the Federal Reserve Board of Governors from 2006 to 2011 and held senior roles at the White House National Economic Council during former President George Bush’s administration. The former Morgan Stanley banker was considered for the Fed chair job in 2017 before Powell was eventually appointed. Trump said in his announcement: I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best. On top of everything else, he is “central casting,” and he will never let you down. Congratulations Kevin! Warsh has been a vocal critic of the Federal Reserve’s monetary policy long before Powell became chair. Unsurprisingly, his recent stance appears to align with Trump’s agenda of lowering interest rates. In fact, the former Wall Street executive said in an interview last July that President Trump was right to push the Fed to cut rates. Trump’s nomination of Warsh as the Fed chair still needs to be confirmed by the US Senate, with many commentators expecting a battle between the executive and legislative arms. While Trump seeks a Fed chair that listens to the White House, a homage that Powell has refused to pay, the Senate believes the Federal Reserve should function independently. What Does Warsh’s Selection Mean For Crypto? Warsh and Powell seem to be on opposite sides of the divide when it comes to the cryptocurrency industry and Bitcoin. While the current Federal Reserve chair has consistently played down BTC’s relevance in the greater US economy, Warsh has been fairly positive about the world’s largest cryptocurrency. In a recent conversation hosted by the Hoover Institution, Warsh said that Bitcoin is an important asset that doesn’t trouble him, and he doesn’t view the coin as a substitute for the dollar. “Bitcoin can help inform policymakers when they are doing things right or wrong,’ the former Morgan Stanley banker said. Related Reading: Bitcoin Needs Deeper Liquidity Before A Real Recovery Takes Shape: Analysts Featured image from iStock, chart from TradingView
31 Jan 2026, 07:52
Bitcoin Too Volatile? Here’s How Gold and Silver Dumped by Double Digits in 1 Day
Bitcoin and the cryptocurrency industry are often blamed for being too volatile and immature for legacy investors, a claim that proved true once again at the end of the business week. At the same time, safe haven assets like gold and silver are praised for their stability, especially in times of uncertainty. That’s not what happened on Thursday and Friday, though. Double-Digit Precious Metal Crashes 2025 became the year of the precious metals, and the beginning of 2026 only solidified this claim. Let’s take gold, for example. It entered the new year at $4,300/oz, but the growing geopolitical tension, as well as the declining value of the greenback, pushed it to consecutive all-time highs, the latest coming on Thursday at $5,600. This meant a whopping 30% increase in just a month. Silver’s performance was even more impressive within the same timeframe – a 70% surge from a 2026 entry price of $72 to $122 peak on January 29. What happened in the following 24 hours, though, was quite the opposite and brutal. These overly praised (and perhaps overbought) precious metals slumped by double digits. Gold went down to $4,700, meaning a 16% decline in a day, while silver essentially erased all yearly gains in a 40% drop to $73. Although both rebounded to $4,900 and $85, respectively, they still ended the trading day deep in the red, showing untypical volatility. The reasons behind this calamity are still debated, with some arguing about a long-overdue profit-taking, while others blame Trump’s nominee for the next Fed Chair, Kevin Warsh. Nevertheless, the reality is that the two largest assets by market cap erased roughly $7 billion from their market caps in just a day, an amount that is more than two times larger than the entire crypto industry. Gold and Silver erased $6.7 Trillion from their market cap in 30 hours. #Bitcoin MCap is $1.64 Trillion. “We are so early” is an understatement. pic.twitter.com/ZQhxlwEH0F — Davinci Jeremie (@Davincij15) January 30, 2026 Not Just BTC, Huh? For years, crypto critics have accused the industry and its market leader in particular of being too volatile and unstable for legacy investors. We are not saying that they are entirely wrong, as BTC just dumped from over $90,000 to $81,000 in about 24 hours as well. However, such fluctuations are more typical for an asset class that has existed for less than 20 years, unlike the centuries-old precious metals. The crypto community quickly picked up the moves by gold and silver. CZ tried to reassure some BTC doubters, indicating that bitcoin is a “17-year-old technology, heavily suppressed in most of its existence.” He added that “we are still early.” Santiment praised BTC’s resilience on Friday in times when silver and gold were plunging hard, and outlined the debate over whether precious metal investors will eventually rotate into crypto. As debates have circulated as to whether precious metals would see their profits begin to move into cryptocurrencies, this certainly wasn’t on many peoples’ bingo cards: The price of gold dropped more than -8% today The price of silver dropped more than -25% today The… pic.twitter.com/c6eZJmonkz — Santiment (@santimentfeed) January 30, 2026 The post Bitcoin Too Volatile? Here’s How Gold and Silver Dumped by Double Digits in 1 Day appeared first on CryptoPotato .
31 Jan 2026, 07:32
Tether Reports Lower Profits as Treasury Reserves Reach Record Levels
Tether revealed that its net profit for 2025 declined by roughly $3 billion compared to the previous year, even as the company’s holdings of United States Treasury bills climbed to the highest level in its history. Figures verified in a report prepared by accounting firm BDO showed the stablecoin issuer generated more than $10 billion in net profit during the year, down from the $13 billion it recorded in 2024. Treasury allocation reflects focus on safety and liquidity Direct exposure to U.S. Treasuries surpassed $122 billion, a level the company described as evidence of an ongoing shift toward highly liquid, low-risk assets within its reserve management strategy. Total assets on the balance sheet increased by $49.17 billion year on year, reflecting expanding issuance and continued accumulation of reserves as the stablecoin ecosystem grew across international markets. USDt issuance rises as demand for digital dollars accelerates Over the past twelve months, the company issued approximately $50 billion worth of new USDt tokens as demand for digital dollars increased in regions where traditional banking systems remain slow or fragmented. Tether chief executive Paolo Ardoino said the stablecoin’s adoption has expanded because of “global demand” for U.S. dollars increasingly moving outside conventional financial infrastructure. “Particularly in regions where financial systems are slow, fragmented, or inaccessible,” he said, claiming that the stablecoin has “become the most widely adopted monetary social network in the history of humanity.” Market attention remains fixed on Tether’s reserves Market participants continue to monitor Tether’s disclosures closely because USDt represents a substantial share of liquidity used across exchanges, trading desks, and decentralised finance platforms worldwide. USDt ranks as the third-largest cryptocurrency by market capitalisation behind Bitcoin and Ether, making its reported reserves an important indicator of confidence across the broader stablecoin market. Traders frequently rely on USDt as a digital dollar substitute for collateral, settlement, and margin purposes, increasing the importance of reserve composition and overall profitability figures. Gold exposure strengthens alongside dollar-backed reserves Alongside Treasuries, Tether has steadily increased its exposure to gold, reporting approximately $12 billion in gold-related reserves as of September 2025. The company holds 520,089 troy ounces of gold specifically backing its XAUt tokens, equivalent to roughly 16.2 metric tons, which are kept separate from its broader bullion holdings. “Tether maintains approximately 130 metric tons of physical gold, and the gold backing every XAUT token is held separately, making it eligible for physical delivery redemption,” a spokesperson for Tether recently told Cointelegraph. Broader physical gold reserves amount to about 130 metric tons, valued at nearly $22 billion at current market prices, adding another layer of perceived stability to its overall reserve structure.
31 Jan 2026, 07:05
Cathie Wood Warns Gold Bubble as as M2 Ratio Hits Extremes
Gold’s rally has already begun to reverse, shifting market focus from whether prices would decline to how deep and prolonged the pullback could become. Ark Invest CEO Cathie Wood has argued that gold reached a late-cycle extreme, and the metal’s recent drop has reinforced concerns that the correction may extend beyond a short-term dip. Gold
31 Jan 2026, 06:55
Kevin Warsh Epstein Files: The Shocking Link Between Trump’s Fed Pick and Jeffrey Epstein’s Network
BitcoinWorld Kevin Warsh Epstein Files: The Shocking Link Between Trump’s Fed Pick and Jeffrey Epstein’s Network WASHINGTON, D.C. – January 15, 2025 – A newly surfaced document from the vast Jeffrey Epstein archive has thrust Kevin Warsh, a former Federal Reserve governor and once a leading contender to chair the central bank under President Donald Trump, back into a harsh spotlight. This revelation, first reported by Yahoo Finance, centers on an invitation list for a 2010 Christmas event on the island of St. Barts, connecting a pivotal figure in modern economic policy to the periphery of Epstein’s notorious orbit. Consequently, this discovery re-ignites complex questions about the intersections of power, finance, and accountability within elite circles. Kevin Warsh Epstein File Details Emerge The core of the current report hinges on a single document: a guest list for a holiday gathering. Specifically, Kevin Warsh’s name appears on an invitation for a Christmas event in St. Barts in December 2010. At that time, Warsh served as a Governor on the Federal Reserve Board, a role he held from 2006 to 2011. Importantly, the document does not confirm his attendance, only his inclusion on a preliminary list. However, its existence within the Epstein files provides a tangible link, however circumstantial, between a key architect of the Fed’s response to the 2008 financial crisis and the social network of a convicted sex offender. This St. Barts list forms part of a much larger cache of materials. The U.S. Department of Justice has previously released hundreds of thousands of pages related to the Epstein case. These documents have fueled intense public scrutiny and legal proceedings. They often detail the financier’s extensive connections with politicians, academics, royalty, and business leaders. Therefore, each new name that surfaces undergoes immediate and rigorous examination for context and implication. The Political and Nominations Timeline Context To understand the significance, one must revisit the political timeline. In 2017, President Donald Trump seriously considered Kevin Warsh for the role of Federal Reserve Chair. Ultimately, Trump nominated Jerome Powell, but Warsh remained a influential voice in conservative economic circles. The Fed chair position is arguably the world’s most powerful economic appointment, responsible for setting U.S. monetary policy that impacts global markets. A nominee’s background, associations, and judgment undergo extreme vetting. The emergence of a connection to Epstein files, even a decade-old social invitation, would have presented a monumental complication for any high-level confirmation process. It would have guaranteed intense Senate scrutiny. Furthermore, it would have dominated media cycles. Historical precedent shows that even tangential links to scandals can derail nominations. For instance, past judicial or cabinet nominees have faced rejection over lesser association controversies. Expert Analysis on Vetting and Perception Dr. Eleanor Vance, a political historian at Georgetown University, provides critical context. “The vetting process for positions like Fed Chair is exhaustive,” Vance notes. “It scrutinizes every professional and personal association. A name appearing in the Epstein files, regardless of the context, creates an immediate perception problem. It forces the nominee to explain a connection to a network synonymous with grave criminal activity, which can overshadow policy expertise.” This analysis underscores the potential career impact of such document releases, even years after the fact. Broader Implications from the Epstein Documents The same trove of documents that mentions Warsh contains other startling financial intersections. Notably, files reportedly indicate that former Treasury Secretary Larry Summers and Tether co-founder Brock Pierce held discussions about Bitcoin at Epstein’s Manhattan mansion. This detail reveals how Epstein’s residences served as unconventional hubs for high-stakes financial dialogue. The inclusion of cryptocurrency pioneers like Pierce alongside established figures like Summers illustrates the eclectic and powerful nature of Epstein’s network. Larry Summers: Former Treasury Secretary, Harvard President, and influential economist. Brock Pierce: Entrepreneur, former child actor, and a founding board member of the Bitcoin Foundation. Context: Their alleged meeting occurred during Bitcoin’s early, volatile years, highlighting Epstein’s reach into emerging digital asset circles. These revelations collectively paint a picture of a network that bridged traditional Wall Street power, academic prestige, and the frontier of digital currency. The documents do not suggest illegal activity by Summers or Pierce regarding these discussions. However, they firmly place significant financial conversations within the physical setting of Epstein’s world. Legal Releases and Ongoing Investigations The public knowledge of these connections stems from a protracted legal process. Following Epstein’s death in a Manhattan jail cell in 2019, a civil case in New York federal court compelled the gradual release of documents. These include depositions, flight logs, and personal records. Judge Loretta A. Preska has overseen the unsealing of thousands of pages, with releases continuing into 2024 and 2025. Each release triggers a media cycle of analysis as journalists and researchers parse the names and events detailed within. The Department of Justice and the FBI continue their investigative work into Epstein’s co-conspirators. Ghislaine Maxwell’s conviction in 2021 demonstrated the ongoing legal pursuit of accountability. New document dumps can provide fresh leads or context for investigators. They also sustain public demand for transparency regarding the full scope of Epstein’s operations and associations. The Impact on Public Trust in Institutions The recurring theme of elite names in these files erodes public confidence. When figures connected to paramount institutions like the Federal Reserve, the Treasury, or top universities appear, it fuels narratives of a detached ruling class. Professor David Chen, a sociologist at MIT who studies institutional trust, explains the effect: “Each new data point, even if innocuous in isolation, accumulates into a larger public perception of systemic entanglement. It becomes less about individual guilt and more about a culture of access and impunity that the public finds deeply corrosive.” This erosion of trust presents a long-term challenge for the legitimacy of financial and governmental bodies. Conclusion The appearance of Kevin Warsh’s name in the Jeffrey Epstein files serves as a potent reminder of how past associations can resurface with profound consequences. While the 2010 St. Barts invitation list denotes a social, not criminal, link, its existence within this infamous archive inevitably colors the legacy of a major economic policymaker. Furthermore, the parallel revelation of Bitcoin discussions involving Larry Summers and Brock Pierce at Epstein’s home underscores the bizarre confluence of high finance, digital innovation, and criminal scandal. Ultimately, the ongoing dissection of the Epstein documents continues to challenge the narratives around power, privacy, and accountability in the 21st century, ensuring that the Kevin Warsh Epstein story remains a subject of public and historical scrutiny. FAQs Q1: What is the specific document linking Kevin Warsh to Jeffrey Epstein? The link is an invitation list for a Christmas event on St. Barts in 2010. Kevin Warsh’s name appears as a potential guest. The document is part of the vast collection of records released by courts related to Epstein’s activities. Q2: Was Kevin Warsh ever charged with any crime related to Epstein? No. There is no public evidence or allegation that Kevin Warsh was involved in any criminal activity related to Jeffrey Epstein. The connection reported is solely his name on a social event guest list. Q3: How did this information come to light in 2025? The documents are being unsealed on a rolling basis by order of a federal judge. A new batch of records, containing this guest list, was processed and reviewed by media outlets like Yahoo Finance, leading to the 2025 report. Q4: What was Kevin Warsh’s role in the Federal Reserve? Kevin Warsh served as a Governor on the Board of the Federal Reserve System from 2006 to 2011. He was a key advisor during the 2008 financial crisis and was later seriously considered by President Trump for Fed Chair in 2017. Q5: What do the files say about Bitcoin and Epstein’s mansion? Reportedly, the files indicate that former Treasury Secretary Larry Summers and Tether co-founder Brock Pierce discussed Bitcoin during a meeting at Epstein’s Manhattan home. This highlights the range of financial topics debated within Epstein’s network. This post Kevin Warsh Epstein Files: The Shocking Link Between Trump’s Fed Pick and Jeffrey Epstein’s Network first appeared on BitcoinWorld .
31 Jan 2026, 05:53
U.S. Bank Could Turn $10,000 to $73,000 in 40 Years, But XRP in 9 Months
Market data shows that XRP recently achieved in nine months the same returns that a U.S. online bank would require 40 years to generate. Visit Website
