Kevin Warsh has been confirmed as the Chair of the Federal Reserve following a narrow Senate vote of 54-45, marking the most contentious leadership transition in the Fed's history. This confirmation reflects significant political polarization, with concerns over Warsh's potential alignment with President Trump's interest rate policies. In other news, Jane Street has significantly adjusted its ETF holdings, reducing Bitcoin-related assets by 71% and 60% in BlackRock's IBIT and Fidelity's FBTC, respectively, while increasing its Ethereum ETF positions by $82 million. Additionally, Fidelity International's first tokenized fund, the Fidelity USD Digital Liquidity Fund, has received a AAA-mf rating from Moody's, leveraging blockchain technology for enhanced liquidity and yield.