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Why Trump Would 'Love' Fed Chair Powell to Quit; Strategy Bags Another 4,980 BTC | COINDESK DAILY

CoinDesk Podcast Network

CoinDesk

Cryptocurrencies, Cryptocurrency, Dlt, Tokenization, Coindesk, Distributed Ledger, Blockchain, Tech News, Business News, Ethereum, Bitcoin, News, Digitalassets, Daily News, Decentralization, Defi, Crypto, Business

4.8689 Ratings

🗓️ 30 June 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Host Jennifer Sanasie breaks down the latest news in the crypto industry as President Trump said he would 'love' it if Fed Chair Powell were to resign.

Bitcoin is trading near the $107,500 level as Donald Trump reiterated his desire for interest rates to be cut to 1%. Additionally, the President said he would 'love' it if Fed Chair Powell were to resign. Plus, Michael Saylor's Strategy bought 4,980 BTC last week and Spanish arrested 5 members from a suspected $540 million crypto fraud operation. CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”

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Ledn is the leading platform for Bitcoin-backed loans, offering a secure and transparent way to unlock liquidity without selling your Bitcoin. Ledn has issued over $9 billion in loans since 2018 and has never lost a single satoshi of client assets, earning a reputation as the name you can trust in the crypto space.

Visit ledn.io to learn more.  

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0

Trump would, quote, love if Jerome Powell resigns and sailor buys more Bitcoin.

0:05.3

You're watching Coin Desk Daily. I'm your host, Jen Sanassi.

0:14.9

Bitcoin has traded between the $10,000 to $110,000 range for almost another week, but how long will the calm last amid ever-shifting

0:24.5

macro conditions? President Donald Trump says he wants interest rates cut to 1% from the current

0:30.5

range of 4.5% and would, quote, love it if Federal Reserve Chair Jerome Powell were to resign.

0:37.1

The Fed, however, is unlikely to lower Reserve Chair Jerome Powell were to resign. The Fed, however,

0:38.1

is unlikely to lower rates unless the labor market softens. That's according to Dario Perkins from

0:43.6

T.S. Lombard. That data is due later this week. Michael Saylor's strategy, the largest publicly traded

0:49.8

company holding Bitcoin, has boosted its by another $4,980 Bitcoin.

0:55.6

These recent purchases bring the company's total Bitcoin stack to $597,235 Bitcoin purchased for $42.4 billion.

1:04.4

At Bitcoin's current price, of around $107,500, that stack is worth more than $64 billion.

1:12.5

The acquisition was financed through sales of preferred stock.

1:16.5

Saylor says that the winning strategy is Bitcoin, and it seems to be working for him because

1:21.0

strategy has outperformed major stocks in the last year.

1:24.3

Here's a look at the firm's performance against Bitcoin Tesla meta, Google, and

1:28.4

more. Strategy shares are up about 1% this morning. Wish you could access cash without selling your

1:33.7

Bitcoin? Lennon makes that possible. The global leader in Bitcoin backed lending, Lennon has issued

1:39.0

over $9 billion in loans since 2018 and never lost a single Satoshi of client assets. Why is the

1:46.1

lead-in loan different? With custody loans, collateral is not lent out to generate interest,

1:51.2

no credit checks, funds in less than 12 hours, no monthly payments, repay whenever you want,

1:57.2

with zero penalties. And proof of reserves reports verified by a top accounting firm

2:02.4

are published every six months. Lenin gives Bitcoin holders a secure, transparent way to

...

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