FameEX Morning Crypto News Recap | May 29, 2025
2025-05-29 03:52:29Trump’s Tariff Proposal Rejected, Triggering Bond Market Decline
On May 29, the U.S. Federal Trade Court rejected Trump’s global tariffs, triggering a shift from safe-haven assets and leading to a drop in major government bond prices.
Fed Officials Warn Inflation Could Persist Longer
Federal Reserve minutes show most officials foresee prolonged inflation, with staff warning that tariff policies are exerting a greater-than-expected drag on economic activity, suggesting a more challenging outlook than previous forecasts indicated.
BlackRock’s IBIT Grows to $72B Within a Year
BlackRock’s IBIT ETF now holds $72 billion in assets and ranks in the top 25 ETFs, achieving this milestone within a year, Bloomberg reports.
Glassnode: $4.02B in Bitcoin Moved by 1–5 Year Holders
Glassnode reports a surge in long-term Bitcoin holder activity, with $4.02 billion transferred by the 1–5 year cohort—marking the highest level since February.
Musk Begins Departure from U.S. Government Tonight
White House officials confirmed Musk’s exit from the government, with the departure process officially starting tonight according to local time announcements.
SEC to Hold DeFi and American Values Roundtable on June 9
The SEC's crypto division will hold a June 9 roundtable, "DeFi and the Spirit of America," featuring Chairman Paul S. Atkins and guests from DeFi and crypto-native organizations.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.