🚨 Crypto Market Latest Update - 29 January
🔍 US government is investigating a $90 million crypto theft. The suspect is the son of an official who helped protect govt crypto wallets.
🏦 Fed Chairman Jerome Powell says the US economy is still in stable position, even with global conflicts and trade issues.
⚖️ Powell says politicians should not control the Federal Reserve. The Fed must make decisions independently.
⚠️ Powell warns that the US national debt ($38.5 trillion) is too high and cannot continue like this forever.
⏸️ The Federal Reserve interest rate unchanged at 3.50%–3.75%.
🚨 The Federal Reserve does not know anything about subpoenas in a criminal case involving Powell.
💥 $105 million in crypto long positions were liquidated in the last 60 minutes due to high market volatility.
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