Dollar Turmoil and the Rise of Bitlayer

[Hypedyor]

Dollar stability is once again under scrutiny after President Donald Trump dismissed Federal Reserve Governor Lisa Cook, sparking a legal battle and raising concerns about the central bank’s independence. Trump accused Cook of inconsistencies in her mortgage documents, declaring that “faithfully executing the law requires your immediate removal.” Cook rejected the claim, arguing no legal grounds existed for her dismissal and insisting that Trump lacked the authority to fire her. Legal experts noted that courts are likely to grant an injunction, keeping Cook in her post until her term expires.

Analysts warn that undermining the Fed’s independence could weaken U.S. monetary policy and diminish confidence in the dollar as the world’s reserve currency. Alex Obchakevich of Obchakevich Research called the move political, saying it risks volatility and even recession. Although Bitcoin is cited as a long-term challenge to the dollar, it is not yet a near-term alternative.

Meanwhile, innovation in the crypto space is accelerating. Bitlayer is building Bitcoin DeFi infrastructure, with its trust-minimized BitVM Bridge already live. Backed by $30 million in funding and strategic partnerships, Bitlayer is preparing for its listing on BingX. What do you think about the upcoming listing?