Next week's Fed interest rate decision is highly anticipated, with the market widely expecting a 25 basis point rate cut, with a probability of 93.9%. However, what is even more concerning is the successor to the Fed chairman.

On the prediction platform, current Fed governor Christopher Waller( is leading other candidates with a 30% odds. The 61-year-old economist hails from a small town and does not have a Wall Street background. He is followed for his flexible monetary policy stance and professional technical image. Notably, Waller is one of the few officials at the Fed who holds a positive attitude towards cryptocurrencies.

If Waller ultimately takes over as the chair of the Fed, it may bring a relatively loose policy environment for digital currencies. This could have a positive impact on crypto assets, including stablecoins and Bitcoin.

Currently, the financial market is simultaneously following two focal points: first, the upcoming interest rate cut cycle, and second, the potential changes in the Fed leadership. Whether it is the adjustment of interest rate policies or changes in senior personnel, both will have a profound impact on the financial market. Investors should closely follow these developments, as they may affect the trends of various assets, including traditional financial instruments and emerging digital currencies.