Markets & Economy
Warsh tapped for Fed chair as crypto market reacts; Binance shifts $1B SAFU into bitcoin and SoFi posts $1B quarter
President Trump nominated Kevin Warsh as his choice for Federal Reserve chair, a pick markets had rapidly priced in via prediction markets. The week also saw Binance move a $1 billion SAFU reserve into bitcoin, SoFi report its first $1 billion revenue quarter while outlining growth targets, a DOJ forfeiture tied to Helix exceed $400 million, and Vitalik Buterin commit 16,384 ETH to open‑source security work — all against a backdrop of rising political and regulatory scrutiny that is reshaping liquidity and operational risk in crypto markets.
