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Former Fed Chair Yellen: Investigation into Powell Undermines Fed's Independence
January 12 news, according to CNBC, Former Fed Chair Yellen said on Monday that the investigation into Powell undermines the independence of the Federal Reserve.
Yellen added that financial markets should pay more attention to this 'extremely alarming' situation.
Yellen said: 'I am surprised the market is not showing greater concern. In my view, the market should indeed be concerned.'
Yellen expressed strong disapproval of claims that Powell may have lied under oath last year. She stated: 'I know Powell very well; the possibility of him lying under oath is zero. So I truly believe they are trying to remove him from his position.' $BTC {future}(BTCUSDT) $ETH {future}(ETHUSDT) $BNB {future}(BNBUSDT)
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River's core focus is on cross-chain stablecoins—simply put, it allows users to collateralize assets and mint stablecoins across different public blockchains without relying on third-party bridges, offering enhanced security and lower costs compared to traditional solutions.
Currently, fundamentals aren't bad: it has secured funding from numerous institutions, has a TVL of $320 million, a stablecoin circulation of $110 million, and is integrated with over 30 DeFi protocols. It's set to launch on Avalanche mainnet at the beginning of February, and its product is gradually improving—such as adding staking assets and optimizing token release rules—clear signs of steady ecosystem development.
Of course, weaknesses are evident: compared to established cross-chain projects like Stargate, its ecosystem remains relatively small; the stablecoin circulation hasn't taken off yet, and there's a lack of major positive catalysts in the short term to spark a significant price surge.
The current price is oscillating between $14 and $16 USDT, with support at $13 USDT and resistance at $24.5 USDT. My advice is: those looking to enter shouldn't rush to buy the bottom. Wait for two signals—either stablecoin circulation breaks through $150 million, or the price breaks through the resistance with strong volume. Holders should set stop-losses to avoid being shaken out by volatility.