Today in crypto, a Bitcoin market analyst says the new Fed chair will slash rates, the SEC has approved Nasdaq’s proposal to list cash-settled Bitcoin index options, and US lawmakers are probing prediction market platforms over alleged insider trading.

Kevin Warsh confirmed as Fed chair 54-45 as Bitcoin stalls at $77K resistance. Inflation expectations hit 4.8% while crypto Fear & Greed Index drops to 28.

The new Federal Reserve Chairman, Kevin Warsh, will likely slash interest rates, despite most traders forecasting a rate hike, according to a market analyst.