FameEX Morning Crypto News Recap | May 30, 2025
2025-05-30 03:58:55Confident in Appeal, Trump Administration Targets Fresh Trade Accords
White House economic advisor Hassett emphasized that the Trump administration retains various tariff options and that the court ruling won’t disrupt current trade negotiations. He voiced confidence in winning the appeal and indicated that several new trade agreements are likely to be unveiled in the near future.
In Debut Meeting, Trump Pushes Powell to Cut Rates
Trump held his first face-to-face meeting with Federal Reserve Chairman Powell at the White House to discuss the U.S. economy. The Fed stated that Powell avoided commenting on monetary policy expectations, emphasizing that decisions would be based on future economic data. Meanwhile, the White House noted that Trump pushed Powell to lower interest rates, criticizing the decision not to do so as a significant error.
Treasury Secretary Expects Breakthrough Agreements Soon
On May 30, Treasury Secretary Bentsen noted continued good-faith cooperation from trade partners, with no attitude changes in 48 hours. He indicated that several significant agreements are close to being finalized.
Santander Eyes Stablecoins as Banking Sector Remains Divided
Banco Santander SA is considering expanding crypto services to retail clients, including launching stablecoins pegged to the dollar and euro. This early-stage initiative mirrors moves by JPMorgan, Bank of America, Citigroup, and Wells Fargo, all exploring stablecoin products amid supportive regulatory shifts under U.S. President Donald Trump’s administration.
Nvidia Becomes Top Company by Global Market Cap
On May 29, 2025, Nvidia’s stock surge propelled it past Microsoft to become the world’s most valuable company, with a market cap now second only to that of gold.
Tether to Invest $2 Billion in Energy, Eyes Bitcoin Mining Dominance
At the Bitcoin 2025 conference, Tether CEO Paolo Ardoino revealed the company has invested $2 billion in energy infrastructure and even more in Bitcoin mining, aiming to become the world’s largest Bitcoin miner by the end of the year.
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