Kevin Walsh's policies cannot be simply summarized as hawkish or dovish.

Kevin Walsh's policies cannot be simply summarized as hawkish or dovish...

This week, attention in the U.S. political arena and financial markets has refocused on the position of Federal Reserve Chairman—news of Trump’s nomination of former Federal Reserve Governor **Kevin Warsh** to serve as the next chairman has sparked multiple narratives simultaneously. On one side, the Senate has made it clear: no discussion of new nominations until the Justice Department concludes its investigation into the current chairman **Powell**, leading to a procedural deadlock; on the other side, there are ongoing debates about the independence of the Federal Reserve and whether monetary policy will be affected in a special...

This week, the focus of U.S. politics and monetary policy has been pulled back to Washington—Trump has officially nominated former Federal Reserve Governor **Kevin Warsh** to replace Powell as the next Federal Reserve Chair. This appointment signals not only the path of interest rates and the balance sheet for the coming years but also has caused significant tension in the crypto market due to Warsh's unconventional views on monetary policy and his previous statement that "**Bitcoin is the inspector of monetary policy**."

Mu Feng looks at the trend: 1.30 Bitcoin/Ethereum evening market analysis with operational suggestions.

You can follow the official account Gu Jingci, which focuses on guidance and layout for mainstream coins.

In the Eastern Eight Time Zone this week, U.S. President Trump officially nominated former Federal Reserve Governor **Kevin Warsh** to serve as the new Chairman of the Federal Reserve. This personnel choice was quickly interpreted by global markets as a key signal for the direction of monetary policy in the coming years. Current mainstream expectations among institutions are focused on a neutral hawkish combination of "**moderate rate cuts + possible acceleration of balance sheet reduction**," which neither reignites the extreme easing of the pandemic period nor suggests a rapid shift to an aggressive easing cycle. Within this framework, the U.S. dollar

On January 30, 2026, at 8:00 AM UTC+8, U.S. President **Trump** officially nominated former Federal Reserve Governor **Kevin Warsh** to succeed **Jerome Powell**, whose term will expire in May 2026, to lead the world's most critical central bank. This personnel signal quickly created ripples in both the macro and crypto markets, not only because of his policy track record from 2006 to 2011 but also due to his public emphasis in 2025 that "**Bitcoin is the overseer of monetary policy**," which is seen as a challenge to the existing

On January 30, 2026, at 8:00 AM UTC+8, an ETF associated with BlackRock transferred **2,288 BTC** and **19,644 ETH** to **Coinbase**, with an estimated total value of approximately **$243 million** at the time market price, instantly magnifying it into a "whale action" that attracted the attention of the entire market. Regarding this massive transfer, the market interpreted it as a potential selling pressure signal on one hand, while on the other hand, some voices emphasized that "transferring to an exchange does not equate to selling."

Kevin Warsh views cryptocurrency as a speculative product in a loose environment, rather than a hedging tool.

On January 30, 2026, at 8:00 AM Beijing time, U.S. President **Trump** publicly announced the nomination of former Federal Reserve Governor **Kevin Warsh** to serve as the next Chairman of the Federal Reserve. This personnel announcement quickly became a focal point for the global financial and cryptocurrency world. Warsh served as a Federal Reserve Governor from 2006 to 2011 (according to a single source) and possesses unique qualifications within the Federal Reserve system. He is now being pushed back to the center of power, representing both the White House's bet on the direction of monetary policy and a response to Wall Street.

On January 30, 2026, the on-chain position of the Bhutan Sovereign Wealth Fund **Druk Holdings** associated address, which is highly leveraged long on **ETH** on Aave, was prominently exposed, attracting global market attention. On-chain data shows that the related address holds approximately **116,560 stETH** as collateral, with the loan health ratio fluctuating narrowly in the range of **1.15-1.22** for a long time, and the overall portfolio is currently in a state of about **10%-15% unrealized loss**. The health ratio is approaching **1**.

On January 30, 2026, Eastern Eight Time, the Kingdom of Bhutan was revealed to have made two significant moves on the blockchain through the sovereign wealth platform **Druk Holdings**: on one side, transferring **100.82 BTC** (approximately **8.31 million USD**) to **QCP Capital**, and on the other side, maintaining a high-leverage long position of about **116,000 stETH** on **Aave**, currently facing an unrealized loss of about **15%**, with a health ratio of only **1.15**. When sovereign funds step into public transparency...