#GateSquareMayTradingShare

U.S. Senate Officially Confirms Kevin Warsh as Chair of The Fed Replacing Jerome Powell
The United States Senate officially confirms the appointment of Kevin Warsh as the new Chair of the Federal Reserve (The Fed), replacing Jerome Powell. In a vote held on Wednesday (May 13) local time, Warsh secured majority support with a final result of 54 votes in favor versus 45 votes against. This narrow victory was achieved through solid backing from the majority of the Republican Party in the Senate.
Warsh is not a stranger to the central banking environment, having previously served as a Federal Reserve Board of Governors member from 2006 to 2011. During his tenure, he played a crucial role as the Fed’s envoy to G20 countries and served as a liaison for developing economies in Asia. He is scheduled to lead his first meeting on June 16–17.
Before returning to The Fed, Warsh has a long track record in both the public and private sectors, including serving as a special assistant to the president for economic policy at the White House. He also brings experience from the financial industry as a former executive in Morgan Stanley’s mergers and acquisitions (M&A) department in New York.
This appointment has sparked high optimism in the digital asset industry because Warsh is known as a pro-crypto figure and is rumored to hold a portfolio of several altcoins. During his confirmation process, Warsh promised a regime change within The Fed. His presence is expected to steer monetary policy toward a more open direction and be friendly to blockchain technology innovation. $ETH is trying to stabilize after aggressive selling toward the support zone of 2,238.
Buyers show early signs of recovery as prices rebound from sharp intraday liquidity.
EP
2,248 - 2,258
TP
TP1 2,270
TP2 2,285
TP3 2,305
SL
2,238
The structure is beginning to recover with the formation of a short-term lower high after a heavy cleanout of the lower side from 2,301. A clean breakout above 2,270 could trigger another impulsive expansion toward higher resistance zones.
Let’s continue $ETH ‌#GateSquareMayTradingShare Strait of Silence: How US-Iran Tensions Are Changing Global Trade
#GateSquareDaily
The world’s most critical point once again becomes the center of attention. As tensions escalate, it’s not just a geopolitical hotspot—it’s an hourglass for the global energy markets.
The latest maneuvers in the Gulf mark a dangerous shift from diplomacy to disruption. With Iran threatening to close shipping lanes and the US increasing naval presence, the "Strait of Hormuz" is no longer just a shipping route; it’s a high-stakes chessboard.
For investors and traders, this means three things:
1. Volatility Surge: Oil prices react to whispers of conflict, not just supply cuts.
2. Supply Chain Diversion: Insurance premiums for tankers soar, forcing more expensive alternative routes.
3. Safe-Haven Waves: Capital quietly flows into gold, the dollar, and defensive assets.
The message from Gate Square is clear: Don’t ignore the strait. Every naval movement, every diplomatic damage, and every tanker inspection directly impacts your portfolio.
Stay alert. Stay informed. The only certainty in Hormuz is uncertainty.