✨President Donald Trump officially nominated former Federal Reserve Governor Kevin Warsh to the Senate on Wednesday to be the next Chairman of the Federal Reserve (Fed). According to the White House's official announcement, Warsh's four-year term as Fed Chairman will begin on May 15, 2026, after Jerome Powell's current term ends. Warsh was also nominated for a 14-year term on the Fed Board of Governors, beginning February 1, 2026.
🔹Trump announced Kevin Warsh's nomination for Fed Chairman via Truth Social. He received widespread support from the Wall Street Journal, the Hoover Institution, and various Republican circles; his experience as a Fed Governor during the 2008 crisis was highlighted.
🔹The White House officially submitted the nomination to the Senate (White House Presidential Actions notice). This step officially initiated the confirmation process by the Senate Banking Committee.
🔹Jerome Powell's term as chairman ends on May 15, 2026. Warsh needs Senate confirmation to take office; confirmation is considered highly likely in the Republican-majority Senate, but there are obstacles in the process.
#WhiteHouseSubmitsWarshNomination

Bitcoin Hits One-Month High: $74K Breakthrough? 🚀
​Bitcoin has surged to a one-month high today, March 5, 2026, printing intraday peaks between $73,166 and $74,051. This marks the strongest price action since early February, effectively reclaiming the "boss level" resistance of $72,000. With the total crypto market cap rebounding above $2.55T, the market is reacting to a unique blend of macro-monetary shifts and geopolitical tension.
​1️⃣ Macro Catalyst: The "Warsh Effect" 🏦
​The formal transmission of Kevin Warsh’s Fed Chair nomination to the Senate (March 4, 2026) has shifted market expectations.
​The Signal: Known for balancing pragmatism with crisis experience, Warsh is viewed as more market-accommodative than the outgoing leadership.
​Rate Expectations: Futures markets are beginning to price in a 20–30 bps easing probability by late 2026.
​Crypto Impact: BTC is being favored as a "liquidity sponge." Lower real yields make non-yielding assets like Bitcoin significantly more attractive.
​2️⃣ Geopolitical Factor: Iran Operations ⚖️
​The Senate's failure to block military operations on Iran (47–53 vote) has created a "paradoxical" rally for Bitcoin.
​The Reaction: While typically a "risk-off" event that spikes oil prices, BTC is increasingly absorbing flows as a digital safe haven.
​Market Behavior: Investors are using BTC to hedge against both fiat currency debasement and regional instability.