Trump nominates Chris Wright as Secretary of Energy

[Nick Timiraos: Three Main Paths to Rate Cuts by 2026] Nick Timiraos wrote that Powell pushed through one of the most widely opposed rate cut plans during his tenure, sending a message to President Trump that lowering interest rates is not easy. There are three main paths to reducing interest rates by 2026: waiting for evidence of declining inflation; deterioration in labor market conditions; or significant changes to the composition of Federal Reserve personnel. Investors are closely watching the Trump administration's recent moves to challenge the Federal Reserve's institutional norms.

Bank of America, with assets of $1.7 trillion, announced that it will issue its own Bitcoin backed credit products. （The Bitcoin Historian）

[Changpeng Zhao: Taking a lump sum of $1 million to invest in Bitcoin or BNB is better than receiving installments] Changpeng Zhao commented on the matter of a lottery winner rejecting a $1 million lump sum payment in favor of receiving $1,000 per week for life, stating that accepting $1 million and investing it in Bitcoin or BNB, while spending $1,000 per week for living expenses, would still leave millions of dollars remaining in the end. Changpeng Zhao believes that even assuming the winner lives another 100 years and receives a total of $5 million, the advantages of immediately investing in cryptocurrency would become evident within a few years. Currently, the price of Bitcoin is $90,000, and the price of BNB is $865.

[Terraform Labs Founder Do Kwon to Be Sentenced in New York, Prosecutors Request 12-Year Prison Term] Terraform Labs founder Do Kwon will be sentenced in New York by Judge Paul Engelmayer after pleading guilty to charges of conspiracy to commit commodity fraud, securities fraud, and wire fraud. Prosecutors have requested a 12-year prison term in the latest filings, citing his guilty plea, time served in Montenegro, and pending charges in South Korea, while federal sentencing guidelines recommend approximately 25 years. The TerraLUNA/UST collapse led by Do Kwon caused investor losses of up to $40 billion. His lawyers have requested a 5-year prison term and agreed to forfeit $19.3 million and certain assets as part of the plea agreement.

[Keel Launches $500 Million Tokenization Regatta Plan to Support RWA Development on Solana] Keel, the capital allocation platform under the Sky ecosystem, has announced the launch of a $500 million investment plan called 'Tokenization Regatta.' The plan aims to attract real-world asset (RWA) projects to the Solana network through funding support and resource connections. It intends to provide direct financing for projects issuing debt, credit, funds, and other RWAs. Currently, more than 40 institutions have expressed interest.