
Rick Rieder Climbs as Trump’s Top Fed Chair Prospect, Advocates Bitcoin as a Portfolio Hedge
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Prediction Markets Signal Kevin Warsh as Front‑Runner for Fed Chair Under Trump
Betting markets surged this week, making former Fed governor Kevin Warsh the leading favorite for President Trump’s Fed chair pick, even as other names — notably BlackRock’s Rick Rieder — have gained traction. Market moves come amid reporting of an imminent White House announcement and a politicized backdrop that could complicate transition dynamics.
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.

