特朗普

Trump's attempt to dismiss Powell or escalate market turmoil puts the Federal Reserve's independence to the test

ChainCatcher news, according to Politico, President Donald Trump is angry with Federal Reserve Chairman Jerome Powell for showing no signs of a rate cut in the near future. In a Truth Social post released on Thursday morning, Trump wrote that the "sooner he leaves, the better!"But for now, Powell's position seems relatively secure.Trump considered firing Powell during his first term—a move that is legally controversial—and if he attempts to do so again, it could exacerbate market instability. The markets have already become turbulent due to recent tariff shocks. Two individuals close to the White House revealed that Treasury Secretary Scott Bessent has emphasized this point multiple times within the White House, and they requested anonymity due to the sensitive nature of the discussions. Trump himself is also aware of the gravity of the situation. Investor confidence that the Federal Reserve will make decisions based on economic trends rather than short-term political pressure is key to maintaining the U.S.'s reputation in the global financial system.Allies within the White House believe that Trump's post on Thursday morning is more about trying to undermine Powell's position and casting him as a scapegoat for future economic issues, rather than an immediate move to fire him. Of course, nothing is ever certain with Trump; his allies also caution that he could change his mind in an instant and seriously pursue the idea of firing Powell.A White House spokesperson responded to related questions by stating that Trump's post on Truth Social should be taken as the standard. The U.S. Treasury did not immediately respond to a request for comment.

Data: The Trump family WLFI stablecoin USD1 has a market value of 127.8 million, with over 113 million issued on the BNB chain, accounting for nearly 90% of the current total circulation

ChainCatcher news, according to Coinmarketcap and BscScan data, as of now, the Trump family's crypto project WLFI's stablecoin USD1 has issued over 113 million USD1 on the BNB Smart Chain (BSC), accounting for nearly 90% of the circulation. The current total market capitalization of USD1 is close to 127.8 million, with a 24-hour trading volume of nearly 100 million dollars, and the total value locked (TVL) in BNB Chain and Ethereum exceeds 30 million dollars.In addition, USD1 has recently opened a trading pool on Pancakeswap, where the USD1 liquidity pool on Pancake has exceeded 19 million, and the USD1 TVL on Pancake V3 is 10.95 million dollars. The lending product of the staking protocol ListaDao on BNB Chain has also recently launched the USD1 Vault, which offers a lending limit of 20 million dollars in USD1, allowing users to borrow USD1 using BTCB and WBNB as collateral.USD1 is 100% backed by short-term U.S. Treasury bonds, dollar deposits, and other cash equivalents, pegged 1:1 to the dollar, aiming to provide a safe and efficient cross-border transaction tool for sovereign investors and institutions.Currently, USD1 has been included in the BNB Chain's stablecoin 0 gas fee activity, providing a smooth stablecoin transfer experience for more users. BNB Chain has been committed to expanding stablecoin scenarios and promoting large-scale applications of crypto. According to today's data from Dune, the total market capitalization of stablecoins on BNB Chain is 7.2 billion dollars.
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