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ChainCatcher reports, the US monetary system is facing a new round of political shocks. The confrontation between Trump and the Federal Reserve has escalated from a war of words to a substantive power struggle. He is attempting to remove Governor Cook and install economic advisor Milan into the FOMC, aiming to create a "super majority" in favor of aggressive rate cuts. Several economists, using model simulations, have pointed out that if monetary policy falls under political control, the US will first experience a brief period of growth and low unemployment, followed by structural consequences such as accelerating inflation, rising nominal interest rates, and declining economic growth. The risk of stagflation reminiscent of the 1970s will re-emerge. The analysis also notes that when politicians dominate interest rate decisions, these are often closely tied to election cycles. While short-term stimulus may create superficial prosperity, the cost is runaway inflation and subsequent deep adjustments. If Trump succeeds in reshaping the Board of Governors before 2026, the independence of the Federal Reserve may be eroded, and the reserve status of the US dollar as well as long-term borrowing costs could be repriced by the market. Bitunix analyst's view: From historical precedents to current tactics, Trump's strategy clearly targets direct intervention in the interest rate path, and the consequences will not be short-term fluctuations, but a devaluation of institutional credibility. If the Federal Reserve is forced to turn dovish with inflation still uncontrolled, the US economy will enter a typical cycle of "prosperity first, stagflation later." For global capital, the real risk is not Trump himself, but the loss of the last line of defense in US monetary policy.

ChainCatcher News, according to SoSoValue data, the total net outflow of Ethereum spot ETFs yesterday (Eastern Time, November 18) was $74.223 million. The Ethereum spot ETF with the highest single-day net inflow yesterday was the Grayscale Ethereum Mini Trust ETF ETH, with a single-day net inflow of $62.3899 million. The historical total net inflow for ETH has reached $1.416 billion. Next was the Bitwise ETF ETHW, with a single-day net inflow of $19.101 million. The historical total net inflow for ETHW has reached $404 million. The Ethereum spot ETF with the highest single-day net outflow yesterday was the Blackrock ETF ETHA, with a single-day net outflow of $165 million. The historical total net inflow for ETHA has reached $13.091 billion. As of press time, the total net asset value of Ethereum spot ETFs is $19.596 billion, with the ETF net asset ratio (market value as a percentage of Ethereum's total market value) reaching 5.2%. The historical cumulative net inflow has reached $12.875 billion. Risk Warning