Earn with Nexo
Trump’s Fed pick holds Ethereum ties and Polymarket stake
Polymarket bettors are putting real money on who might be Satoshi Nakamoto.
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The line between Washington and crypto is getting harder to ignore.
Trump's pick to lead the Fed has money in the game.
At the same time, global tensions are doing what they always do: moving markets.
And over on X, something new might be in the works for crypto users.
Here's what you need to know today.
Trump's Fed chair pick has a crypto portfolio worth unpacking
Kevin Warsh, Trump's nominee to lead the Federal Reserve, holds stakes in Polymarket and an Ethereum developer platform.
His financial disclosure reveals a net worth between $131M and $209M spread across AI, biotech, fintech, and space ventures, including SpaceX.
The person who may soon set US monetary policy is personally invested in the infrastructure crypto runs on.
Markets
Geopolitics gives crypto a lift, shorts get squeezed
Geopolitics gives crypto a lift, shorts get squeezed
Reports of potential US-Iran diplomatic talks sent risk assets rallying on Tuesday.
The move triggered over $660M in crypto derivatives liquidations, mostly from short sellers.
Strategy's Bitcoin position also neared break-even as prices approached its average cost basis.
BTC traded near $75K, ETH climbed toward $2,350, SOL hovered around $86, and XRP sat near $1.37.
Polymarket bettors are wagering on who Satoshi Nakamoto really is
A new prediction market lets users bet on who a forthcoming documentary will name as Bitcoin's creator.
Blockstream CEO Adam Back currently leads the odds at 56% in the pool tied to "Finding Satoshi," a four-year investigation.
If the film names anyone definitively, it could reshape how the world thinks about Bitcoin's origins and decentralization.
X hints at crypto "fix" as markets stay weak
X product head Nikita Bier said the platform may "launch something to fix it," referring to the ongoing crypto slump, without giving details.
Speculation points to X Money as a possible link. The payments product is expected to roll out early access this month.
X has also ramped up bot purges, suspending accounts at scale, with crypto spam heavily impacted.
On Our Radar
The AMM evolution: Crypto liquidity pools are getting a makeover for efficiency gains.*
Crypto gets a German co-signer: Deutsche Börse bets $200M on Kraken's parent.
Tether's new wallet move: Self-custody without leaving the ecosystem's grip.
*sponsored
ICYMI
Meme of the Day
That’s your briefing. Catch you next time.
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