Kevin Warsh is set to be sworn in as the next chair of the US Federal Reserve Board of Governors on Friday, succeeding Jerome Powell in one of the most closely watched central bank leadership transitions in years — arriving at a moment when the odds of the interest rate cuts President Trump is demanding have collapsed to their lowest level since the current tightening cycle began. The US Senate confirmed Warsh largely along party lines on Wednesday. He is expected to assume the role on Friday, with his first major policy test arriving at the June 16 Federal Open Market Committee meeting — the next scheduled opportunity at which interest rates could be changed. Rate cut odds have collapsed The scale of the shift in rate expectations surrounding Warsh's arrival is striking. Prediction market platform Kalshi currently prices a 38.2% chance that the Fed will cut rates before the end of 2026 — down from 96% as recently as February. CME FedWatch is even more definitive, showing a 98.8% probability that the Fed leaves its benchmark rate unchanged at 3.50% to 3.75% through the end of June, with more than 94% odds of the same through July. The collapse in cut expectations reflects the broader macro environment Warsh is inheriting: back-to-back hot CPI and PPI prints, oil above $100 per barrel driven by ongoing US-Iran conflict and Strait of Hormuz disruption, and bond markets pricing in the possibility of rate hikes rather than cuts before year-end — a scenario that was considered highly unlikely just three months ago. Trump's expectations versus market reality The tension at the center of Warsh's confirmation is the gap between what President Trump wants and what market data suggests is appropriate. Trump repeatedly pressured outgoing chair Jerome Powell to cut rates, said in April he would be disappointed if Warsh did not immediately move to lower rates upon confirmation, and has publicly framed rate cuts as a priority for his second term economic agenda. Warsh, however, is widely regarded by markets as more hawkish on inflation than Powell — a reputation that has contributed to the collapse in rate cut expectations following his nomination. As Fed chair, Warsh will have significant influence over how policymakers approach the rate path, but the Fed's institutional independence means that presidential preferences do not translate directly into policy outcomes. Senator Elizabeth Warren, who opposed the nomination, said at Warsh's Senate Banking Committee confirmation hearing that confirming him could result in the Fed granting special accounts to the Trump family's crypto company or providing bailouts to connected Wall Street firms. Warsh disclosed more than $100 million in assets ahead of the April hearing, including investments in AI and crypto companies — disclosures that drew scrutiny from lawmakers concerned about potential conflicts of interest. CFTC nominations still outstanding Warsh's swearing-in comes as a separate regulatory gap is drawing attention from lawmakers. The Commodity Futures Trading Commission has been led solely by Trump's pick Michael Selig since December, following the departure of acting chair Caroline Pham. The agency has taken an aggressive stance on asserting exclusive federal oversight of prediction market platforms including Kalshi and Polymarket amid state-level lawsuits against those companies over sports betting classifications. On Friday, the Republican and Democratic leaders of the House Committee on Agriculture jointly called on Trump to nominate a full panel of CFTC commissioners, citing urgent regulatory issues. The lawmakers specifically flagged concerns about the CFTC's capacity to execute rulemaking if the Digital Asset Market Clarity Act becomes law — noting that a fully staffed commission would be essential to implementing the crypto market structure framework the CLARITY Act would establish. What it means for crypto For Bitcoin and crypto markets, Warsh's arrival as Fed chair represents both a near-term headwind and a longer-term variable. In the near term, his hawkish inflation reputation reinforces the higher-for-longer rate narrative that has driven $1.5 billion in Bitcoin ETF outflows since May 7 and pushed Polymarket bettors to assign a 65% probability that Bitcoin falls to $75,000 this month. The longer-term picture is more complex. Warsh's disclosed investments in AI and crypto companies have led some analysts to speculate that his tenure could be more nuanced on digital asset policy than his inflation hawkishness implies for traditional rate markets. His first FOMC meeting on June 16 will be the first real signal of how he intends to navigate the competing pressures of Trump's rate cut demands, re-accelerating inflation, and an increasingly fragile risk asset environment.

CryptoQuant analyst Sunny Mom has highlighted that the BTC HODL Waves data indicates a potential cycle bottom forming in the range of $65,900 to $70,500. According to Odaily, this analysis provides insights into the current Bitcoin market trends.

이번 주 금요일, 케빈 워시(Kevin Warsh)는 도널드 트럼프 미국 대통령이 주재하는 백악관 행사에서 연방준비제도(Fed) 의장 취임 선서를 할 예정이다.

Crypto investors pulled nearly $1 billion from Bitcoin funds last week while simultaneously pouring fresh capital into XRP and Solana products — a divergence that points to selective altcoin rotation rather than a broad exit from digital assets, according to CoinShares weekly flow data. XRP products attracted $67.6 million in net inflows and Solana drew $55.1 million in the week ended May 15. Bitcoin funds bled $982 million over the same period and Ethereum products lost $249 million — two of the largest weekly outflow figures recorded this year for the two largest crypto assets by market cap. "Altcoins held up notably well," CoinShares Head of Research James Butterfill wrote in the report. Beyond XRP and Solana, inflows were also recorded for TON, Dogecoin, and Chainlink listed products. "Investors are looking past Bitcoin and Ethereum for selective exposure," Butterfill added. Why XRP is attracting capital during the selloff The rotation into XRP products is partly explained by the token's relative resilience during the recent market decline. XRP fell approximately 5.1% over the past week compared to Ethereum's 7.4% drop and Bitcoin's $5,000 slide from $82,000 — outperforming both major assets on a relative basis during a period when capital naturally gravitates toward whatever is holding up best. The CLARITY Act's advancement through the Senate Banking Committee earlier in the week also provided XRP with a specific regulatory tailwind that Bitcoin and Ethereum — already operating under clearer legal frameworks — did not receive to the same degree. For institutional allocators seeking crypto exposure with a legislative catalyst attached, XRP offered a more compelling near-term story than the macro-pressured Bitcoin trade. Bitcoin sentiment turns sharply bearish The $982 million weekly outflow from Bitcoin funds is not happening in isolation — it is being reinforced by multiple concurrent signals of deteriorating sentiment. ETF outflows have now totaled more than $1.5 billion since May 7 according to SoSoValue data, with Monday alone seeing $648 million exit — the largest single-day redemption since January 29. Cumulative volume delta in both spot and futures markets has turned deeply negative, reflecting aggressive selling rather than passive distribution. Options delta skew has risen to 14.4% from 10.9% as traders pay up for downside protection. Prediction markets are reflecting the same pessimism. On Polymarket, bettors now assign a 65% probability that Bitcoin falls to $75,000 this month — compared to just an 11% chance of a recovery to $85,000. The speed of that sentiment shift, from broadly constructive to heavily bearish in under two weeks, mirrors the pace at which the macro narrative flipped from rate cut expectations to rate hike odds following back-to-back hot CPI and PPI prints. The rotation picture: selective, not structural The key distinction in last week's flow data is that capital leaving Bitcoin and Ethereum is not leaving crypto entirely — it is rotating into specific assets with identifiable catalysts. XRP has the CLARITY Act. Solana has continued developer momentum, institutional staking activity, and real-world payments partnerships. TON, Dogecoin, and Chainlink each carry their own near-term narratives that attracted smaller but still positive flows. That selective rotation is a more nuanced signal than a blanket risk-off move. It suggests institutional investors are not abandoning digital assets as an asset class but are actively repositioning within it — trimming exposure to the two assets most correlated with the macro environment and adding to assets with idiosyncratic drivers that can perform independently of Federal Reserve policy and oil prices. Whether that rotation holds or reverses will depend heavily on Wednesday's FOMC minutes and whether Bitcoin finds support at the $76,000 level analysts have identified as the critical near-term floor.

NYSE-listed Hyperscale Data reported holding 692.4 BTC valued at $53.6 million as of May 17. According to NS3.AI, the company intends to utilize its cash assets to acquire additional Bitcoin.

비트코인 가격의 주요 동인은 특정 국가의 규제 정책이나 정치적 입장이 아니라, 전 세계적인 법정화폐 유동성의 확대이다.

Echo Protocol, a Bitcoin-focused DeFi platform, has suffered a $77 million exploit after an attacker used a compromised admin key to mint approximately 1,000 unauthorized eBTC tokens on the Monad blockchain — the latest in a string of high-profile DeFi hacks that have drained hundreds of millions from decentralized protocols in recent weeks.How the attack unfoldedThe exploit was first flagged by blockchain security firm PeckShield on Tuesday. The attacker gained control of a compromised admin key and used it to mint roughly 1,000 eBTC tokens worth approximately $77 million without authorization. The attacker then used a portion of the minted tokens as collateral to borrow $3.45 million in wrapped Bitcoin against funds held in the money market and reward layer at Curvance. The borrowed funds were subsequently laundered through Tornado Cash, the crypto mixing protocol commonly used to obscure on-chain transaction trails.Echo Protocol's responseEcho Protocol confirmed it had regained control of the compromised admin keys and burned the remaining 955 eBTC that the attacker still held at the time of recovery — limiting the realized loss relative to the full minted amount."We have paused cross-chain functionality for the Monad deployment and completed an upgrade of the relevant Monad contract to restrict affected operations and strengthen control over sensitive functions," the protocol said on X.As a precautionary measure, Echo Protocol also fully paused its Aptos bridge operations pending a broader security review, despite confirming the Aptos bridge itself was not directly affected by the exploit. The platform's primary deployment remains on the Aptos network, with the Monad expansion having been a more recent addition.What Echo Protocol doesEcho Protocol gives users liquidity and yield on Bitcoin holdings through synthetic representations of BTC — primarily eBTC — allowing holders to access DeFi yields without selling their underlying Bitcoin exposure. The platform launched on Aptos before expanding to additional chains including Monad, where the exploit occurred.Part of a broader DeFi security crisisThe Echo Protocol hack is the latest in an escalating series of DeFi exploits that have targeted decentralized protocols in recent weeks. Drift Protocol was drained for more than $270 million earlier this year in an attack that exploited a Solana convenience feature. KelpDAO suffered the largest single crypto exploit of 2026 at $292 million, leaving wrapped Ether stranded across 20 chains. A separate crypto bridge hack claimed $11 million just this week.Together, the string of attacks underscores the persistent vulnerability of admin key management and cross-chain bridge infrastructure in DeFi — two attack surfaces that have accounted for a disproportionate share of crypto's largest losses in 2026.

Goldman Sachs managing director Shawn Tuteja has expressed concerns about the potential for increased volatility in AI and semiconductor stocks due to the use of 2x and 3x leveraged ETF products. According to NS3.AI, Tuteja highlighted that a 3% decline in these stocks could rapidly escalate to a 10% drop as leveraged products might intensify selling during downturns. Despite these concerns, Tuteja clarified that he does not perceive the current market as a bubble.

마이크로소프트의 AI 총괄 책임자 무스타파 술레이만은 AI가 향후 12~18개월 내에 법률, 회계, 마케팅 등 대부분의 사무직 업무를 자동화할 수 있을 것이라고 경고했다. 그는 AI 기술이 빠르게 발전하고 있어 머지않아 인간의 개입이 거의 없이도 대부분의 컴퓨터 기반 업무를 처리할 수 있게 될 것이라고 말했다.

AI 에이전트, 결제, 기계에 은행카드를 발급하다: AI 에이전트 결제 서비스의 12개월 간 급성장 기록 – 골든파이낸스, 통로는 이미 열렸으니, 이제 물만 기다릴 뿐이다.

호르무즈 해협 봉쇄가 초래한 세계 경제 위기——7단계의 전개 과정과 시스템적 위험 분석

폴리마켓, 240만 달러 대박! 이 9개 내부자 계정이 미-이란 전쟁을 가장 잘 파악하고 있다. 골든파이낸스, 폴리마켓에서 이들의 승률은 무려 98%에 달한다.

로이터의 조사에 따르면, 이란의 노비텍스(Nobitex) 거래소는 2023년 이후 트론(Tron)과 BNB 체인을 통해 최소 23억 달러를 거래한 것으로 나타났다. 이 보고서는 또한 해당 네트워크들과 트럼프 가문의 ‘월드 리버티 파이낸셜(World Liberty Financial)’ 프로젝트와 연관된 암호화폐 업계 인사들 간의 간접적인 연결고리도 지적했다.

5월 17일, Trade.xyz는 HIP-3에서 SPCX 토큰을 매입했으며, 5월 18일에는 SpaceX의 Pre-IPO 영구 계약을 정식 출시했습니다. 이는 해당 플랫폼의 Pre-IPO 섹션에서 Cerebras Systems에 이어 두 번째로 출시된 프로젝트입니다.

스테이블코인 발행에는 미국 국채가 필요하며, 스테이블코인의 이자 지급에도 미국 국채가 필요하여 결국 순환 구조가 완성된다.

비트코인이 중요한 8만 달러 선 아래로 다시 급락하면서 미국 상장 현물 비트코인 ETF의 5일 연속 강력한 자금 유입세가 갑작스럽게 끊겼고, 이로 인해 2억 7,750만 달러의 자금이 유출되며 암호화폐 시장의 최근 상승세가 탄력을 잃고 있을지도 모른다는 우려가 다시 고조되고 있다.