Senator Elizabeth Warren has sounded a warning to US President Donald Trump about firing Fed Chair Jerome Powell. The Senator believes such action will crash the stock market, while it is also possible that the crypto market could follow suit.
Elizabeth Warren Says Trump Firing Powell Will Crash Stock Market
In a CNBC interview, Senator Warren, a member of the Banking Committee, stated that the stock market would crash if US President Donald Trump were to fire Fed Chair Jerome Powell. She explained that the Fed’s supposed independence is the infrastructure that keeps the market strong.
As such, if Trump were able to fire Powell, this would erode the US Central Bank’s independence and send a message to market participants that politics can influence the Fed’s economic decisions, which is bearish for the markets.
Warren’s warning is significant because the crypto market could also follow suit if the stock market were to crash following Powell’s termination. IntoTheBlock data shows that the Bitcoin price has a 0.63 correlation with the S&P 500, indicating a strong positive correlation between BTC and stocks.
Therefore, crypto assets, led by Bitcoin, could witness another crash alongside the stock market if Trump fires Powell. The US president has hinted over the past few weeks that he is looking forward to the Fed Chair’s departure. However, traders are betting against Trump firing Powell this year.
Other Reasons To Still Be Bullish
While discussions grow on whether Trump will fire Powell or not, there are still other reasons to be bullish on the Bitcoin price and the broader crypto market. As CoinGape reported, the US president recently signaled a potential end to the US-China trade war, which is bullish for the market, seeing the negative impact tariffs have had so far.
Meanwhile, the US continues to push for a ceasefire in the Russia-Ukraine war. Although it seems no progress has been made so far, Trump’s insistence could eventually pay dividends with Putin and Zelensky reaching an agreement.
From a technical analysis perspective, crypto analyst Titan of Crypto also suggested that BTC and altcoins may have bottomed out. He noted that BTC is holding well at a key support, while some are already calling it “dead”.
His accompanying chart indicated that BTC could soon reclaim the $100,000 price level. The broader crypto market is expected to rebound alongside the flagship crypto if this happens.
Traditional airdrop campaigns have often led to short-term speculation rather than sustainable engagement. Many investors claim tokens only to sell immediately, preventing long-term community growth. In response, DeFi projects are now shifting toward structured airdrop systems, linking token distributions to staking, governance participation, and curated rewards programs.
Skyren DAO has adopted this approach through its Token Surge Event, offering 500 free SKYRN tokens to Solaxy and Remittix presale participants. This system ensures that recipients are not only rewarded but also integrated into Skyren DAO’s governance and incentive-driven airdrop ecosystem.
Solaxy and Remittix: Enhancing Blockchain Utility
Skyren DAO selected Solaxy and Remittix due to their high-value contributions to the blockchain ecosystem. Both projects focus on scalability, real-world payments, and financial accessibility.
Solaxy is a Layer-2 scaling solution for Solana, designed to reduce congestion and lower transaction fees. By processing transactions off-chain before settling them on Solana’s mainnet, Solaxy enhances scalability while maintaining Solana’s security model. The project has raised $23 million up to date, demonstrating strong market demand.
Remittix is a blockchain-powered remittance platform that enables fast, low-cost cross-border transactions. Unlike traditional payment providers that charge high fees and require long processing times, Remittix facilitates crypto-to-fiat transfers with minimal costs and near-instant settlement. The project has already raised $12.5 million in its presale, solidifying its place in the global remittance market.
Skyren DAO’s airdrop brings Solaxy and Remittix investors into its governance-driven DeFi model, where token holders benefit from staking rewards and curated airdrop distributions.
How Solaxy and Remittix Investors Can Claim Their SKYRN Tokens
Skyren DAO has streamlined the airdrop process for eligible participants:
Go to the Skyren Website – Navigate toskyren.io/token-surge/ and access the airdrop claim page.
Submit Transaction Data – Provide proof of participation in Solaxy or Remittix presales.
Enter an EVM-Compatible Wallet – Use a valid address for the airdrop distribution.
Receive 500 SKYRN Tokens – Tokens will be airdropped to verified participants after launch.
Once claimed, SKYRN tokens can be used for staking, governance participation, and airdrop rewards.
Maximizing SKYRN Utility: Governance, Staking, and Rewards
The SKYRN token is built to serve as a DeFi rewards asset, allowing holders to participate in governance and receive curated token distributions.
Stake SKYRN for Passive Income
Holders can stake SKYRN tokens and earn continuous rewards, getting a stable income stream while securing network liquidity. Pre-staking options allow early adopters to lock in higher APY rates, maximizing their earnings before SKYRN is publicly traded.
Participate in DAO Governance
Skyren operates as a decentralized autonomous organization (DAO), where SKYRN holders vote on major governance proposals, such as staking structures, platform upgrades, and airdrop distributions.
Exclusive Access to High-Value Airdrops
Instead of random airdrop distributions, Skyren provides curated token rewards, ensuring that every SKYRN holder benefits from vetted blockchain projects.
These incentives turn SKYRN into a long-term rewards asset, ensuring that holders engage with the platform beyond the initial claim. Skyren DAO’s governance model and staking system have been analyzed by Crypto Volt, highlighting the benefits of structured airdrop incentives.
Spin The Wheel: A Reward System for Active SKYRN Holders
Skyren DAO’s Spin The Wheel feature increases engagement by rewarding token buyers with additional incentives.
How It Works
Purchase SKYRN tokens – Every transaction earns spin tickets.
Spin for bonus rewards – Additional SKYRN tokens or staking multipliers.
Higher purchase amounts increase the number of spins.
Instant SKYRN bonuses are credited to winners.
This feature provides continuous engagement, keeping the Skyren community active and invested.
Claim Your 500 SKYRN Before the Airdrop Window Closes
Solaxy and Remittix presale participants have limited time to claim their 500 free SKYRN tokens, gaining access to governance, staking rewards, and curated airdrop programs. This marks a shift toward long-term DeFi incentives, ensuring that investors actively participate in structured airdrop rewards.
Complete the verification process today to secure SKYRN tokens before the claim period ends.
Get updates on DeFi rewards and governance: X (Twitter)
Join discussions with the Skyren DAO community: Telegram
The post Solaxy and Remittix Backers First to Access Skyren DAO’s Generous Token Surge appeared first on Coinpedia Fintech News
Traditional airdrop campaigns have often led to short-term speculation rather than sustainable engagement. Many investors claim tokens only to sell immediately, preventing long-term community growth. In response, DeFi projects are now shifting toward structured airdrop systems, linking token distributions to staking, governance participation, and curated rewards programs. Skyren DAO has adopted this approach through its …
Amid the ongoing market uncertainty, crypto whales are seen offloading Ethena (ENA) tokens. Today, March 6, 2025, a prominent crypto expert posted on X (formerly Twitter) that whales have dumped a significant $148 million worth of ENA tokens onto the exchanges in the past 48 hours.
This substantial token movement from wallets to exchanges has the potential to create selling pressure and drive the price lower. However, despite this, the ENA price moved in the opposite direction, registering a gain of over 8% in the past 24 hours and currently trading near $0.38. During the same period, its trading volume surged by 160%, indicating heightened participation from traders and investors compared to the previous day.
$19 Million Worth ENA Outflow
Despite the offloading of 148 million ENA tokens onto exchanges, some investors and long-term holders have been accumulating the tokens, according to on-chain analytics firm Coinglass.
Data from spot inflow/outflow revealed that exchanges have witnessed an outflow of a significant $19 million worth of ENA tokens in the past 48 hours. Such outflows from exchanges indicate potential accumulation amid price drops and could create buying pressure and upside momentum.
Traders Bullish Bet
Besides the mixed sentiments among whales and long-term investors, intraday traders are also supporting this bullish activity. In the past 24 hours, traders have been over-leveraged at $0.362 on the lower side and $0.386 on the upper side.
Data further revealed that $0.362 is a key level where traders have built $5.50 million worth of long positions, while $0.386 is a level where traders have built $2.17 million worth of short positions. These positions at over-leveraged levels indicate that bulls are dominating and could support ENA in an upcoming rally, helping it recover its price.
ENA Technical Analysis and Upcoming Levels
According to expert technical analysis, ENA has successfully retested its crucial support level of $0.345 and now appears to be rallying upward.
Source: Trading View
Based on historical price patterns, if the asset holds this level and closes a daily candle above $0.345, there is a strong possibility it could soar by 25% to reach the $0.50 level in the coming days.
The post ENA Price Poised for 25% Rally Despite Whale Dumping appeared first on Coinpedia Fintech News
Amid the ongoing market uncertainty, crypto whales are seen offloading Ethena (ENA) tokens. Today, March 6, 2025, a prominent crypto expert posted on X (formerly Twitter) that whales have dumped a significant $148 million worth of ENA tokens onto the exchanges in the past 48 hours. 148 million #Ethena $ENA have been moved to exchanges …
