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Trump's Fed nominee Kevin Warsh: What does this mean for crypto?

<p class="text-left mb-4 ">US President Donald Trump officially announced his nomination of Kevin Warsh as the new chairman of the Federal Reserve (Fed). Trump shared the name of the successor to current Fed Chairman Jerome Powell, whose term ends in May, with the public on Friday. The nomination confirms market expectations that have been gaining momentum in recent days and is being closely followed in the financial and cryptocurrency markets.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Trump made a statement on the matter</h2><p class="text-left mb-4 ">In a post on Truth Social, Trump reminded that Warsh previously served on the Fed Board of Governors, worked as a researcher at the Hoover Institution, and taught at Stanford University's Business School. He also emphasized that Warsh served as a partner in the Duquesne Family Office with renowned investor Stanley Druckenmiller. Trump stated, "I have known him for a long time, and I have no doubt that we will remember him as one of the best chairmen of the Fed."</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-01-30-152340-1240f98e.webp" alt="Ekran görüntüsü 2026-01-30 152340.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">Warsh, 55, served on the Federal Reserve Board of Governors from 2006–2011 under George W. Bush and Barack Obama. Previously a banker at Morgan Stanley, Warsh is a well-known figure in Washington's economic policy circles. While Trump's official nomination has ended weeks of uncertainty, Warsh still needs to pass the Senate confirmation process to take office. Following confirmation, Warsh could replace Powell for a four-year term. Prior to the nomination announcement, there was significant activity in the prediction markets. On Thursday night, the probability of Warsh becoming Fed chairman rose to 95% on Polymarket, with similar rates seen on Kalshi. This sharp rise occurred as signals strengthened that Trump would announce his nomination. </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">What is Warsh's stance in the crypto space?</h2><p class="text-left mb-4 ">Warsh's background is also noteworthy from the perspective of the crypto markets. Warsh previously invested in Basis, an algorithmic stablecoin project, and advised Electric Capital, a venture capital firm focused on crypto and blockchain. He is also associated with Bitwise, a crypto index manager, as an investor and advisor. However, Warsh maintains a cautious approach to digital assets. In a speech last year, he stated that he does not see <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin </a>as an alternative to the dollar, but that it could be an important signaling tool for policymakers. On the monetary policy side, Warsh is generally considered a "hawk." During his previous tenure at the Fed, he frequently emphasized inflation risks and was critical of quantitative easing policies and the expansion of the Fed's balance sheet. More recently, he has argued that AI-driven productivity increases could alleviate inflationary pressures, suggesting that interest rate cuts could be considered under certain conditions. Trump's shortlist previously included names like Kevin Hassett, Christopher Waller, and Rick Rieder. However, the clear shift in favor of Warsh in the final hours has formalized his nomination. Now all eyes are on the Senate confirmation process and how Warsh will steer the Fed's monetary policy in balancing inflation, growth, and financial innovation.</p>

30 Jan 2026

Bitcoin Fell to its November Lows, and $1 Billion Was Withdrawn

<p class="text-left mb-4 "><a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin </a>fell to $81,200 on Friday, the second trading day following the US Federal Reserve's (Fed) decision to keep interest rates unchanged, as selling pressure intensified. This move, marking the lowest level since November, wasn't limited to Bitcoin; US-based spot crypto ETFs experienced net outflows of over $1 billion in a single day. Simultaneous outflows from Bitcoin, Ethereum, Solana, and XRP demonstrated the rapid impact of deteriorating risk appetite on the crypto market.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/btcusdt-2026-01-30-15-15-12-c531180e.webp" alt="BTCUSDT_2026-01-30_15-15-12.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">While markets initially appeared relatively calm immediately after the Fed's decision, selling quickly accelerated. The widespread pullback in US stock and commodity markets also reversed the downward trend in crypto assets. Bitcoin lost approximately 3% of its value during the day, while altcoins experienced even sharper declines. Large projects like Ethereum and Solana also faced daily losses approaching double digits. Another notable factor during this period was the sharp correction in the gold market. Precious metal prices fell by approximately 7 percent in a short period, resulting in a loss of trillions of dollars in market value. Despite this, a year-to-year performance comparison reveals a divergence in investor preferences. While gold has risen by over 80 percent in the last year, Bitcoin has fallen by approximately 20 percent during the same period. This indicates that defensive capital is still flowing towards traditional safe havens.</p><p class="text-left mb-4 ">The sell-off also triggered forced liquidations in leveraged trades. Over $1.8 billion worth of positions were closed in the last 24 hours, with the majority of these liquidations coming from long positions. Although the price showed a limited recovery to around $82,600, Bitcoin is heading towards its fourth consecutive monthly loss. This series was last seen in the post-ICO bear market of 2018.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Liquidity issues are prominent</h2><p class="text-left mb-4 ">Market commentators emphasize that liquidity conditions, rather than the interest rate decision, were the determining factor in the recent decline. The tight global liquidity is making it difficult for crypto assets to recover. Although there are expectations of easing nominal interest rates, credit conditions and dollar liquidity still do not indicate a supportive environment for crypto. In contrast, gold has historically continued to attract capital during periods of weaker dollars.</p><p class="text-left mb-4 ">Short-term positioning is also among the factors increasing pressure. Markets, which entered the week with high risk appetite, changed direction with increasing concerns about the artificial intelligence spending of large technology companies. In an environment where credit spreads are quite narrow, risk aversion accelerated and Bitcoin took its share of this wave. Analysts state that if the $83,500 level is not surpassed, the $80,000 region may come back into play. </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Temporary pressure on miners</h2><p class="text-left mb-4 ">In addition to macro factors, on-chain data shows that there has been stress on the mining side recently. The harsh winter conditions in the US led some large miners to temporarily halt production. As a result, one of the largest drops in the total computing power of the network since 2021 occurred. Hashrate has fallen by approximately 12 percent, while daily mining revenues have dropped to their lowest levels of the year.</p><p class="text-left mb-4 ">With weather conditions returning to normal, there are signs of recovery in block times and network performance. However, weakness in prices and continued ETF outflows are causing a cautious outlook to be maintained in the crypto market in the short term.</p>

30 Jan 2026

Binance is Converting Its Entire $1 Billion Reserve into Bitcoin

<p class="text-left mb-4 ">Binance has taken a significant step to prioritize user security by deciding to convert its $1 billion reserve held under the Secure Asset Fund for Users (SAFU) entirely into Bitcoin. According to an open letter published by the company on Friday, the SAFU fund, currently dominated by stablecoins, will be gradually converted to Bitcoin over the next 30 days. Binance emphasized that this move aims to support the sector during market cycles and periods of uncertainty, and also reflects their confidence in Bitcoin's long-term value.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-01-30-114137-68bfc7b9.webp" alt="Ekran görüntüsü 2026-01-30 114137.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">The SAFU fund was first established in July 2018 following a major security breach. Since then, the fund has acted as a safety net protecting Binance users against potential attacks, technical glitches, or unexpected platform issues. The fund is sourced from a portion of commission income earned from spot transactions. Until now, the fact that SAFU was largely composed of stablecoins was considered a conscious choice to provide quick liquidity during times of crisis. However, Binance's latest announcement clearly indicates a change in perspective. According to the company, Bitcoin is the most reliable store of value in the crypto ecosystem in the long term. Therefore, converting SAFU entirely to Bitcoin is not just a reserve management decision; it also represents a strategic stance. </p><p class="text-left mb-4 ">Binance management argues that this approach will provide a more solid foundation for user security in the long term, despite short-term price fluctuations. Of course, Bitcoin's volatile nature poses additional risks for such a fund. Binance has defined a clear balancing mechanism to manage this risk. According to the company's statement, if the SAFU fund's market capitalization falls below $800 million due to fluctuations in the Bitcoin price, the fund will be increased back to the $1 billion level. In practice, this means that additional Bitcoin purchases will be made during price drops. In this way, Binance aims to both maintain the fund's protective power and implement a "buy the dip" strategy during market downturns. </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Bitcoin is falling</h2><p class="text-left mb-4 ">The timing of this decision is also noteworthy. The <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin price</a> has fallen by approximately 7 percent in the last 24 hours, dropping to the $82,000 level, reaching its lowest point since November. There are multiple factors behind the selling pressure. Investors shifting towards precious metals like gold and silver, new US tariff announcements related to trade policies, global geopolitical tensions, and increasing risk aversion in equity markets are among the main elements triggering this decline. In addition, ongoing outflows from Bitcoin exchange-traded funds (ETFs) are also putting pressure on the price. The weakness in Bitcoin has also been reflected in the altcoin market. </p><p class="text-left mb-4 ">Major crypto assets such as Ethereum, XRP, and Solana have also lost value at similar rates. The situation is even harsher in the derivatives markets. According to Coinglass data, approximately $1.7 billion worth of positions were liquidated in the last 24 hours, a large portion of which consisted of long positions. This reveals the fragile state of the market. On the other hand, Binance particularly emphasizes its security record. The company states that throughout 2025, it helped recover user funds in tens of thousands of cases related to incorrect transfers and similar issues, and warned millions of users about potential fraud risks. It is also stated that collaborations with global law enforcement agencies have contributed to freezing hundreds of millions of dollars in illicit funds. The proof-of-reserve report published at the end of the year revealed that user assets on Binance totaled $163 billion, and these assets are backed by 45 different cryptocurrencies.</p>

30 Jan 2026

Fed Chair Announced Today: Who Will Trump's Choice Be?

<p class="text-left mb-4 ">US President Donald Trump is preparing to announce the new head of the Federal Reserve (Fed) today. According to sources close to the White House, Trump's preference is largely clear, and markets expect Kevin Warsh to replace current Fed Chairman Jerome Powell. While the official announcement is expected later today, the strong predictions favoring Warsh are noteworthy. In a brief statement following his meeting with Kevin Warsh on Thursday, Trump described his chosen candidate for the Fed chairmanship as someone who "would surprise no one." The President concluded his statement by saying, "Someone who could have held this position a few years ago." These words pointed to Warsh, whose name has been circulating in the corridors of power for some time. Indeed, Bloomberg reported that the White House is preparing Warsh for the Fed chairmanship, but the final decision will not be considered final until the official announcement. Reuters also wrote that Trump's meeting with Warsh was quite positive.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">The new Fed era is being priced into the markets</h2><p class="text-left mb-4 ">The shift in market expectations has also been quickly reflected in prediction platforms. According to Polymarket data, the probability of Kevin Warsh being appointed as Fed chairman quickly rose from around 30% to over 94%. During the same period, the probability of Rick Rieder, previously considered the favorite, sharply declined. A similar trend emerged on the Kalshi platform, where Warsh's probability was priced above 90%. </p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-01-30-110202-678e697b.webp" alt="Ekran görüntüsü 2026-01-30 110202.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">Kevin Warsh served on the Fed Board of Governors from 2006–2011 and was at the center of monetary policy debates during the most turbulent period of the global financial crisis. In recent years, he has been known more for his emphasis on tight monetary policy, fiscal discipline, and the fight against inflation. Analysts believe that if Warsh becomes Fed chairman, he will distance himself from quantitative easing policies and send a more "hawkish" message to the markets. </p><p class="text-left mb-4 ">This expectation has already begun to show its effect in financial markets. As the probability of Warsh becoming chairman strengthened, the US dollar gained value, and Treasury bond yields rose. Investors have begun pricing in the expectation that monetary policy may shift to a more cautious and inflation-focused approach. From the perspective of the crypto markets, Warsh's approach holds particular significance. Jerome Powell has, until now, tended to view the role of Bitcoin and other crypto assets within the US financial system as limited. In contrast, Warsh has previously stated that he does not see Bitcoin as a threat to the Fed, but rather as a feedback mechanism that provides market discipline. </p><p class="text-left mb-4 ">This approach is interpreted by <a href="https://jrkripto.com/tr/analytics" target="_blank" rel="noreferrer" class="text-primary underline">crypto</a> investors as a more constructive tone. On the other hand, the Fed kept its policy interest rate unchanged at this week's FOMC meeting. Having cut interest rates three times at the end of last year, the bank maintains its cautious stance due to inflation still being above targets. Trump, however, has increased pressure on the Fed to cut interest rates faster and more sharply. This tension is further exacerbated by the fact that Powell's term ends in May. If Kevin Warsh is formally nominated and confirmed by the Senate, this appointment could signal a significant shift in the Fed's rhetoric regarding digital assets and risky market instruments. While markets await Trump's announcement, uncertainty about the Fed's future direction is already being priced in globally.</p>

30 Jan 2026

ALT5 Sigma Board of Directors Approves WLFI Token Purchases

<p class="text-left mb-4 ">ALT5 Sigma Corporation has taken a significant step toward both share buybacks and expanding its digital asset strategy through comprehensive decisions made by its board of directors. The fintech company, traded on the Nasdaq under the ticker symbol ALTS, is preparing to implement an aggressive capital allocation plan, based on the view that the market's valuation of the company is significantly below its true asset value.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">ALT5 Sigma WLFI to acquire</h2><p class="text-left mb-4 ">According to a company statement, the board of directors approved a buyback program of up to $100 million for shares trading below net asset value (NAV). Under the program, up to 50 million shares can be repurchased. This amount corresponds to approximately 40% of outstanding shares, or 22% on a fully diluted basis. ALT5 management describes this step as a strategic move to create shareholder value by effectively leveraging the company's strong balance sheet.</p><p class="text-left mb-4 ">According to ALT5's latest quarterly financial reports, the company's balance sheet size exceeds $1.6 billion. CEO Tony Isaac argues that the company's shares are trading at approximately a 70% discount to their intrinsic value. According to Isaac, a buyback at these levels would represent a direct and significant increase in value for existing shareholders. Therefore, management views the share buyback as "one of the most efficient uses of capital." A key pillar behind this plan is ALT5's strategic partnership with World Liberty Financial (WLFI). As previously announced, WLFI granted ALT5 a waiver under certain conditions to use its digital assets as collateral. Depending on market conditions, the company plans to leverage this flexibility to support its share buyback program through borrowing. In this context, ALT5 announced a $15 million loan agreement with WLFI. This financing is intended to meet working capital needs and serve as an initial source for implementing programs approved by the board. The agreement is expected to be finalized in the coming days. The company's strategy is not limited to share buybacks alone. The board also approved additional $WLFI token purchases from the open market. ALT5 currently holds approximately 7.3 billion $WLFI tokens, valued at around $1.5 billion according to a recent SEC filing. $WLFI is the governance token of the World Liberty Financial ecosystem and is directly linked to USD1, a stablecoin at the heart of the ecosystem.</p><p class="text-left mb-4 ">USD1's market capitalization has seen remarkable growth in recent weeks. From $3.4 billion in mid-January, it quickly surpassed $5 billion. ALT5 management expects demand for $<a href="https://jrkripto.com/tr/coin/wlfi" target="_blank" rel="noreferrer" class="text-primary underline">WLFI</a> tokens to grow as USD1 adoption increases. The company emphasizes that even small increases in the token price could contribute tens of millions of dollars to its balance sheet due to the size of its current holdings.</p><p class="text-left mb-4 ">ALT5 also aims to expand USD1 integrations into its own digital asset payment and settlement infrastructure. This step is expected to broaden institutional use cases, increase transaction volumes, and create long-term revenue opportunities. The company plans to launch its share buyback program soon, in accordance with applicable securities regulations and market conditions. Management argues that these decisions send a clear message to the market: ALT5 strongly believes in its own shares, its strategic roadmap, and its partnership with World Liberty Financial.</p>

29 Jan 2026

Politics

Trump's Fed nominee Kevin Warsh: What does this mean for crypto?2 days ago

BTC

Bitcoin Fell to its November Lows, and $1 Billion Was Withdrawn2 days ago

BTC

Binance is Converting Its Entire $1 Billion Reserve into Bitcoin2 days ago

Politics

Fed Chair Announced Today: Who Will Trump's Choice Be?2 days ago

Altcoin

ALT5 Sigma Board of Directors Approves WLFI Token Purchases3 days ago

Politics

Trump's Fed nominee Kevin Warsh: What does this mean for crypto?2 days ago

BTC

Bitcoin Fell to its November Lows, and $1 Billion Was Withdrawn2 days ago

BTC

Binance is Converting Its Entire $1 Billion Reserve into Bitcoin2 days ago

Politics

Fed Chair Announced Today: Who Will Trump's Choice Be?2 days ago

Altcoin

ALT5 Sigma Board of Directors Approves WLFI Token Purchases3 days ago

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