FameEX Morning Crypto News Recap | May 6, 2025
2025-05-06 05:15:51Gold Rises as Dollar Weakens and Trump Targets Foreign Films with Tariffs
Gold prices climbed on Monday as a weakening dollar and escalating global trade war fears—driven by Trump’s new tariff measures—boosted safe-haven demand. Spot gold rose 2.3%, U.S. gold futures increased 2.4%, and the dollar index declined by 0.4%.
Draft Regulatory Framework for Digital Assets Released by U.S. House
U.S. lawmakers led by Reps. French Hill (Financial Services) and G.T. Thompson (Agriculture) unveiled a draft bill establishing a digital asset regulatory framework, seeking to provide legal clarity for cryptocurrencies and blockchain technology in the United States.
SEC Schedules Tokenization Roundtable for May 12
The U.S. SEC’s cryptocurrency working group will hold a roundtable on May 12 titled 'Tokenization – Assets on the Chain,' focusing on the convergence of traditional finance and decentralized finance.
Arkham: BlackRock Boosted Bitcoin Holdings by $2.5 Billion Last Week
Arkham reported on X that BlackRock increased its Bitcoin holdings by $2.5 billion last week, with $500 million added daily. This week’s accumulation trend remains noteworthy and should be monitored.
U.S. Spot Bitcoin ETF Demand Surpasses New Supply by 5.92 Times
On May 5, data revealed that U.S. spot Bitcoin ETFs acquired 18,644 BTC over the past week, while just 3,150 new coins were mined, indicating ETF demand exceeded new supply by approximately 5.92 times.
Strategy Boosted Its Bitcoin Holdings by 1,895 BTC Last Week
On May 5, data revealed Strategy purchased 1,895 BTC worth $180.3 million between April 28 and May 4.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.