chairman

According to The Block, Bitcoin fell below $77,000 on Sunday night Eastern Time, reaching a low of $76,593. Analysts pointed out that the main trigger was U.S. President Trump threatening Iran in a post on Truth Social, stating that military action would be taken if the peace agreement continued to be delayed, raising geopolitical risks.Meanwhile, Brent crude oil rose 1.78% to $111.2 per barrel, and WTI crude oil increased 2.2% to $107.7 per barrel, as the market worries that rising oil prices will increase inflation and prompt the Federal Reserve to resume interest rate hikes. Additionally, Bitcoin ETFs recorded a net outflow of $1 billion last week, ending a six-week streak of net inflows, and the Fear and Greed Index fell back to a "fear" range of 27.Analysts stated that in the short term, Bitcoin will be highly correlated with the macro market, with $74,000 being a key support level. Attention should be paid to the policy statements of the new Federal Reserve Chair, Waller, and the progress of the "Cryptocurrency Clarity Act."

FOX reporter Charles Gasparino posted on the X platform that the new Federal Reserve Chairman Kevin Warsh faces a dual challenge of rising inflation and pressure from Trump for interest rate cuts right from the start of his tenure. The annualized level of consumer inflation has risen to 3.8%, the highest since May 2023, with the Iran war driving up energy prices as a major factor. Last week, the increase in wholesale prices exceeded that of consumer prices. On Friday, the futures market began to price in interest rate hikes for the year, as previous bets on rate cuts have largely faded.Warsh himself is a staunch inflation hawk. Since leaving the Federal Reserve for an academic position in 2011, he has repeatedly criticized the "loose monetary" regime of the Bernanke, Yellen, and Powell eras in op-eds, advocating for a more "restrained" policy to shrink the Federal Reserve's balance sheet. He believes that the Federal Reserve's loose policies over the years are the root cause of the current inflation pressures. However, in the face of high inflation, his room for interest rate cuts is extremely limited.Meanwhile, the Federal Reserve's rate-setting committee is no longer united. Former Chairman Powell, replaced by Trump, still retains voting rights as a board member. Powell stated that he would not leave until the dust settles on the investigation into his congressional testimony regarding the costs of the new Federal Reserve headquarters—an investigation initiated by Trump that previously delayed Warsh's appointment process. Trump is appointing Warsh while simultaneously pressuring for interest rate cuts.However, if Warsh gets his way, it would directly contradict his consistently advocated policy stance. The Iran war has entered its third month, and the situation remains uncertain; if oil prices break through $200 per barrel, the U.S. economy could face risks similar to the "stagflation" of the 1970s.

According to WIRED, Michael Selig, chairman of the Commodity Futures Trading Commission (CFTC), stated that the agency is using artificial intelligence technology to investigate insider trading in prediction markets such as Polymarket.In the past year, several traders on Polymarket have been suspected of using insider information to bet on geopolitical events such as the Venezuela raid and the Iran war, resulting in significant profits and drawing widespread attention.Previously, a U.S. Special Forces soldier was arrested for allegedly profiting from betting on the Maduro arrest using classified intelligence on Polymarket, becoming the first criminal case of insider trading in a prediction market in the United States.

According to Jinshi reports, the White House announced that Kevin Warsh has been confirmed as the Chairman of the Federal Reserve.

According to Jinshi reports. During an interview, Kevin Hassett, the director of the National Economic Council at the White House, was asked how long Powell would remain as a board member after Kevin Walsh takes over as the chairman of the Federal Reserve.Hassett stated that he believes Powell might feel he can choose to step down after the Inspector General completes the investigation into the renovation project of the Federal Reserve building. Hassett said, "I guess the opportunity to leave might come when the Inspector General's report is released, and he is satisfied with the results of the investigation."

According to Jinshi reports, this week, significant signs of peace have emerged in the US-Iran conflict and the Russia-Ukraine conflict, greatly easing geopolitical risks. Next week, it is worth paying close attention to whether these two geopolitical conflicts can further cool down. In addition, next week's macro events will focus on the US April CPI data, as detailed below:Tuesday 15:15, FOMC permanent voting member and New York Fed President Williams will participate in a panel discussion on monetary policy;Tuesday 20:15, US ADP employment change for the week ending April 25;Tuesday 20:30, US April CPI data;Wednesday 04:30, US API crude oil inventories for the week ending May 8;Wednesday 20:30, US April PPI year-on-year and month-on-month;Friday 05:30, Fed Governor Barr will deliver a speech;Friday 21:15, US April industrial production month-on-month.Finally, next week the Federal Reserve will undergo significant personnel changes. Nominee Chairman Kevin Warsh is expected to be confirmed by the Senate on Monday and will officially take over from Powell on May 15.In terms of US stocks, as of this Friday, a new round of surges has pushed the S&P 500 index up 8% cumulatively in 2026, continuing to rise on the basis of achieving double-digit returns for three consecutive years. The tech-heavy Nasdaq Composite Index has risen nearly 13% year-to-date, with both major indices reaching all-time highs. Although the first quarter earnings season is nearing its end, corporate reports will still be a key driver of stock prices in the coming days.AI

According to the SEC's official website, Paul S. Atkins, the chairman of the U.S. Securities and Exchange Commission (SEC), spoke at the AI+ Expo on May 8, expressing the regulatory direction for AI and on-chain financial markets.Atkins stated that the SEC will promote several regulatory initiatives around on-chain markets, including: establishing relevant rules for the definition of "exchanges" for on-chain trading systems; clarifying the applicability of the definitions of brokers and dealers in on-chain activities; delineating the applicable boundaries of the definition of "clearing agencies" for on-chain clearing and settlement activities; and providing regulatory guidance for activities related to "Crypto Vaults."Regarding AI regulation, Atkins emphasized that the SEC will not mandate companies to use specific models but will adhere to its core responsibilities of protecting investors, maintaining market fairness and efficiency, and promoting capital formation, requiring companies to be accountable for the outcomes of the AI tools they deploy.Atkins also urged Congress to promptly send the CLARITY Act to the President for signing, to provide long-term certainty for the digital asset market through legislation, and warned that forcing innovation offshore would repeat the mistakes of FTX, harming the interests of American investors.

Michael Selig, the chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated at the Consensus 2026 conference that the CFTC has filed lawsuits against regulatory agencies in about five to six states, including Arizona, Connecticut, Illinois, and New York, with the core dispute being the jurisdiction over prediction markets.He mentioned that if different circuit courts issue conflicting rulings, the related cases may ultimately be appealed to the U.S. Supreme Court. Michael Selig stated that the Commodity Exchange Act clearly grants the CFTC exclusive regulatory authority over commodity derivatives, and that prediction market event contracts are financial derivatives traded on federally regulated exchanges, which are fundamentally different from traditional gaming venue models.He believes that some state-level regulatory agencies are attempting to challenge the validity of federal law through local regulations, and the CFTC will continue to file lawsuits against such actions.

According to the Korea Economic Daily, Jeong Eun-bo, the chairman of the Korea Exchange, announced at the 30th anniversary ceremony of the Busan derivatives market that they plan to launch digital asset derivatives to make Busan a global hub for the derivatives market.He stated that the exchange will actively promote the introduction of related products and attract international conferences to solidify Busan's position as South Korea's leading derivatives financial center.

According to CNBC, Sierra, an enterprise AI startup co-founded by OpenAI board chairman Bret Taylor and former Google executive Clay Bavor, has completed a $950 million Series E funding round, with a post-money valuation of $15.8 billion.This round of financing was led by Tiger Global and GV, a venture capital firm under Alphabet, with participation from existing investors such as Benchmark, Sequoia, and Greenoaks.Sierra primarily provides AI customer service agent products, automatically handling customer service and support scenarios for enterprise clients. It is reported that Sierra's annual recurring revenue has surpassed $150 million over the past eight quarters.Bret Taylor stated that Sierra operates using a "model cluster" approach, combined with its own fine-tuning layer, to provide AI agent services for enterprise clients. Previously, Sierra completed a $175 million financing round in October 2024, at which time its valuation was $4.5 billion.

According to Jinshi reports, U.S. President Trump stated that Federal Reserve Chairman Powell is a disaster for the United States, believing that current interest rates are too high.

According to The Information, Michael Selig, chairman of the Commodity Futures Trading Commission (CFTC), announced that the agency is pushing to limit state interventions in prediction markets to prevent state-level regulatory measures from hindering or even stifling the industry's development.Reports indicate that Michael Selig is a sports fan himself and has a large number of sports memorabilia in his office, which is seen as a reflection of his long-term interest in sports prediction markets. Since taking office several months ago, he has quickly begun related work, attempting to create a more relaxed federal regulatory environment for prediction markets, allowing more American users to participate in prediction trading for sports events and other outcomes.

According to The Information, Michael Selig, the chairman of the Commodity Futures Trading Commission (CFTC), is working to limit state enforcement interventions on prediction markets to prevent state-level regulatory measures from hindering industry development.Since taking office several months ago, Michael Selig has been trying to create a more lenient federal regulatory environment for prediction markets, allowing more American users to participate in trading on sports events and other outcomes. Over the past year, Selig has consistently advocated for prediction markets—issuing a warning in February about suing state governments attempting to intervene in regulation, releasing compliance guidelines in March and publicly soliciting industry feedback, and stating this month that if prediction markets are pushed offshore, it would lead to a repeat of the FTX-style collapse.

According to Jinshi reports, Citic Securities' research report indicates that after Waller takes office as the Federal Reserve Chairman, the baseline scenario for the second half of the year is expected to include one rate cut of 25 basis points. The report emphasizes the need to closely monitor the speeches of the 12 current voting members, as the Federal Reserve's monetary policy path depends more on the balance of votes among FOMC members, and the guiding role of the Federal Reserve Chairman's personal speeches on the market has decreased compared to the past.

According to Jinshi reports, the U.S. Senate Banking Committee voted to submit Waller's nomination for Federal Reserve Chairman to the full Senate.

CFTC Chairman Mike Selig stated in an interview with CoinDesk that the CFTC is building tools that utilize AI to review registration applications for the U.S. crypto market and monitor trading.Mike Selig pointed out that due to federal government layoffs resulting in a reduction of more than one-fifth of the agency's staff, AI and automation technologies will be used to fill the manpower gap and improve document review efficiency. Currently, its employees are undergoing training with Microsoft Copilot, and the agency is also developing internal tools for reviewing swap data and market monitoring. In addition, Mike Selig stated that the digital asset classification guidelines jointly released by the CFTC and SEC are the most important initiative during his tenure, aimed at providing regulatory clarity for market participants. Regarding market predictions, Mike Selig reiterated the CFTC's exclusive jurisdiction and emphasized that strict enforcement actions will be taken against violations such as insider trading.

According to Forbes, Paul Atkins, the chairman of the U.S. Securities and Exchange Commission, recently reiterated the advancement of "Project Crypto" and announced that he will work with the U.S. Commodity Futures Trading Commission (CFTC) to develop a classification framework for digital assets, clarifying when tokens are recognized as securities, while also introducing an "innovation exemption" to support on-chain trading of tokenized securities.The market views this as one of the most proactive shifts in crypto regulation in the history of the SEC, marking its formal abandonment of the old model of "regulation by enforcement" in favor of clear rule-making. This move may signal a stronger entry point for institutional capital that has been on the sidelines for a long time and could drive the price of Bitcoin back above $80,000. Currently, the price of Bitcoin is around $77,586, and the market is paying attention to Paul Atkins' further statements at the Bitcoin 2026 conference in late April.

According to Jinshi reports, the White House stated that it is confident the Senate will quickly confirm Kevin Warsh as the next Federal Reserve Chairman.