Before the holiday arrives, the market is facing a key battle. Trump may announce the Fed chairman candidate during the Christmas week, and this decision will affect the flow of trillions of dollars worldwide.

Among the candidates with the highest support, Kevin Hassett leads with a polling support rate of 54%, followed closely by Walsh and Waller. Regardless of who is appointed, this nomination will directly influence the tone of dollar policy and the direction of interest rate policy, thereby reshaping the global capital allocation landscape.

Interestingly, while traditional financial markets are anxious, a new trend is quietly taking shape. An increasing number of professional traders and institutions are turning their attention to the decentralized stablecoin sector—an alternative that does not rely on a single central bank's policies, boasts higher transparency, and has a stronger risk-bearing capacity. Compared to the risks of human decision-making in traditional credit systems, the stable value system supported by algorithms and on-chain reserves is gaining attention.

Next week, a series of data releases will occur, and each piece of data could trigger significant market fluctuations. Caution is required in positioning at this stage.