CoinEx News: Kevin Warsh is set to be sworn in as Federal Reserve chair on May 22, just as markets reprice the June 16-17 FOMC meeting after recent Fed minutes showed officials moving away from the rate-cut debate. Nomura also said on May 22 that it now expects the Fed to keep rates unchanged through 2026, reversing its prior call for September and December cuts.

BTC is trading less on the leadership handover itself and more on whether Warsh can still steer the Fed toward rate cuts, keeping Treasury yields, dollar liquidity and June policy probabilities as the main macro inputs.