FameEX Morning Crypto News Recap | May 21, 2025
2025-05-21 06:45:17U.S. SEC Chief Targets Greater Transparency in Digital Asset Rules
On May 20, 2025, SEC Chairman Paul S. Atkins told the House Financial Services and General Government he will prioritize strengthening regulatory transparency and accountability at the SEC, with particular emphasis on oversight and clarity in digital asset regulation.
Democratic Support Rises for U.S. Cryptocurrency Legislation
Former House Financial Services Chair Patrick McHenry stated that support from Democratic lawmakers for the cryptocurrency market structure bill is growing, and he expects to provide additional updates on the legislation in the near future.
Inflation Easing, Yet Above Target, Warns Fed’s Musalem
On May 21, Fed’s Musalem noted inflation has moderated but stays above the 2% goal, emphasizing the need to prioritize price stability if expectations become unanchored.
Market Undergoes Third Bullish Cycle Correction Resembling 2018
On May 20, CryptoQuant analyst Axel Adler Jr observed the market entering its third consolidation phase of the current bull cycle, similar to 2018. He highlighted that upcoming market movements will soon reveal the strength of this consolidation.
Bitcoin Crosses $100K, Yet Volatility Remains Subdued
K33 Research noted that although Bitcoin has exceeded $100,000, both volatility and trading volume remain subdued. However, rising yields and increased open interest at the Chicago Mercantile Exchange indicate growing institutional appetite for long positions in the market.
By Summer’s End, BlackRock May Dominate BTC Ownership
Bloomberg ETF analyst Eric Balchunas noted BlackRock’s Bitcoin holdings now equal 57% of Satoshi Nakamoto’s. If Bitcoin hits $150,000 soon, advisor-driven buying could speed up BlackRock’s ascent to becoming the world’s largest Bitcoin holder.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.