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1. BlackRock deposits 44,140 ETH worth $135.36 million into Coinbase
According to monitoring by Lookonchain, BlackRock has deposited 44,140 ETH, valued at $135.36 million, into Coinbase Prime.
2. Wall Street attempts to block Trump from appointing Hassett as Fed Chair
On December 4, Fox Business reporter Charles Gasparino revealed that Wall Street and the U.S. business community are working to discourage Trump from appointing Kevin Hassett as Federal Reserve Chair. Reasons for opposition include Hassett's political background (Director of the U.S. National Economic Council) and perceived lack of credibility, with concerns that such an appointment could weaken the Fed’s independence, lead to higher long-term interest rates, and cause internal chaos. If Hassett were to lower short-term rates in response to inflation pressures through a split vote, it could be seen as political interference, triggering inflation and driving up mortgage lending rates.