FameEX Morning Crypto News Recap | May 23, 2025
2025-05-23 03:47:52Trump Reveals Major Bill Passed by House, Including Several Tax Relief Measures
Trump hailed the passage of "THE ONE, BIG, BEAUTIFUL BILL" in the House, calling it "the most important legislation in American history." The bill features tax cuts, exemptions, vehicle tax deductions, stronger border security, pay raises for border personnel, and the creation of Trump Savings Accounts for newborns.
Fed Expected to Reduce Interest Rates in Second Half of 2025
On May 22, Fed Governor Waller indicated the Fed may cut interest rates in late 2025 if tariffs ease and inflation pressures decline.
Bitcoin Sets New Record as Google Search Interest Declines
Although Bitcoin recently reached a new all-time high, its popularity on Google Trends has declined. El Salvador tops the search interest rankings, likely driven by its substantial Bitcoin reserves and continued national efforts to promote cryptocurrency adoption.
Analyst Reports Consistent Trend in Bitcoin Fund Inflows
On May 22, crypto analyst Willy Woo observed that Bitcoin fund inflows show a remarkably steady trend, indicating institutional investors could be employing a dollar-cost averaging strategy, steadily investing billions of dollars into the market over time.
ECB Minutes Reveal Inflation Easing, Further Rate Cuts Under Consideration
The European Central Bank’s minutes indicate eurozone inflation is almost under control, though trade tensions may temporarily affect prices. Following a seventh rate cut last month, the ECB warned of U.S. tariff risks and suggested another potential interest rate cut in June to support economic growth.
Singapore Achieves 94% Crypto Awareness, But Holding Rate Declines to 29%
On May 22, a report revealed that 94% of Singaporeans are aware of cryptocurrency, though ownership dropped from 40% to 29% year-over-year. Bitcoin remains dominant, held by 68% of investors, with 86% acknowledging its monetary or investment value, based on survey findings.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.