[Trump Favors Walsh or Hassett to Lead the Federal Reserve, Says Interest Rates Should Be No Higher Than 1% in a Year] U.S. President Trump stated on Friday that Kevin Walsh and Kevin Hassett are both excellent candidates for the position of Federal Reserve Chair. Trump confirmed that he met with Walsh on Wednesday and asked whether Walsh would guarantee support for rate cuts if selected. Walsh expressed the belief that rate cuts are necessary. Trump believes that the next Federal Reserve Chair should consult him when setting interest rate policies and that interest rates should be no higher than 1% in a year.

["$230 Million Long Whale" Increases Position to $666 Million, Unrealized Loss of $17.1 Million] Following the early morning drop, the "$230 Million Long Whale" currently has an unrealized loss of $17.1 million. After the decline, the whale added 24,000 ETH long positions, bringing the total position to $666 million. Currently, all three long positions are in unrealized loss: - 175,000 ETH ($542 million) at an entry price of $3,173, unrealized loss of $14.6 million; - 1,000 BTC ($90.28 million) at an entry price of $91,506, unrealized loss of $1.22 million; - 250,000 SOL ($33.1 million) at an entry price of $137.5, unrealized loss of $1.27 million.

1. Five cryptocurrency companies receive approval for US banking license 2. Federal Reserve's Gulsby: Long term consideration of interest rate cuts is not impossible 3. The price of gold has broken through $4350, reaching a historic high. 4. The People's Bank of China will flexibly use tools such as reserve requirement ratio cuts and interest rate cuts to support economic growth. 5. The European Union plans to transfer regulatory authority over cryptocurrencies to the European Securities and Markets Authority. 6. USDC Treasury mints 85 million USDC on Solana Chain. 7. BitGo has obtained regulatory approval to operate banking business. 8. UAE fuel retailers will accept stablecoin payments at 980 sites. The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/506298

[Pakistan Plans to Incorporate Bitcoin into Economic Infrastructure and Utilize Surplus Energy for Mining] The Pakistani cryptocurrency regulatory authority stated that Pakistan is incorporating Bitcoin into its economic infrastructure and utilizing the country's 20GW surplus energy for Bitcoin mining and artificial intelligence-related businesses. The Pakistani cryptocurrency regulatory authority also predicts that emerging markets will lead the next wave of cryptocurrency adoption.

The judge stated that the victim's letter detailing the personal impact of Terra's collapse had "influence," and subsequently sentenced Do Kwon to 15 years in prison. （Decrypt）