White House to Begin Interviews This Fall for Jerome Powell’s Successor at the Federal Reserve

Tether to Support Bitcoin Mining Pool Ocean with Increased Hashrate Deployment

Tether, the stablecoin giant, has announced plans to direct resources to the Bitcoin mining pool Ocean, deploying both current and future hashrate to bolster the pool’s infrastructure. This move is part of Tether’s broader goal to enhance Bitcoin’s decentralization, transparency, and resilience. Ocean, led by Bitcoin Core developer Luke Dashjr and supported by Jack Dorsey, aims to decentralize global BTC mining. The deployment of hashrate aligns with Tether’s investment in Bitcoin and its ongoing mission to prevent centralization in the network.

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SEC Delays Decision on Staking ETFs and In-Kind Redemptions for Crypto Funds to June

The U.S. SEC has postponed its decisions on several cryptocurrency exchange-traded funds (ETFs), including those related to staking and in-kind creations and redemptions, until later this year. The delays are part of the regulator’s efforts to allow more time for assessing rule changes while its crypto task force works on long-term digital asset regulations. Notable ETF proposals affected by this delay include Grayscale’s Ethereum Trust, VanEck’s Bitcoin and Ethereum Trusts, and WisdomTree’s Bitcoin Fund. These changes involve the ability to stake assets or use cryptocurrencies directly for ETF share creations and redemptions. The SEC now aims to make final decisions on these proposals by June.

Nvidia to Invest $500 Billion in U.S. AI Manufacturing Amid Trade Tensions

In response to rising U.S. tariffs and the threat of a trade war, Nvidia announced plans to invest $500 billion in AI supercomputer manufacturing operations within the United States. The company will build new facilities in Phoenix, Arizona, and Dallas and Houston, Texas, to house its Blackwell chip and AI operations. This move, aimed at strengthening supply chains and boosting resiliency, reflects growing pressure on U.S. tech firms to localize production. The investment is seen as part of a broader push for domestic manufacturing, praised by the Trump administration as a win for American workers and national security.

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White House to Begin Interviews This Fall for Jerome Powell’s Successor at the Federal Reserve

U.S. Treasury Secretary Scott Bessent announced that the White House will start interviewing candidates this fall to find a successor for Federal Reserve Chair Jerome Powell, whose term ends in May 2026. The selection process will be led by the current administration, with a six-month lead time to ensure a smooth transition in leadership at the Fed.

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