FameEX Morning Crypto News Recap | June 3, 2025
2025-06-03 05:56:20Trump Warns Tariff Decision May Devastate American Economy
Trump warned that striking down his ‘Liberation Day’ tariffs would weaken U.S. trade power, risking economic collapse and diminishing the country’s strategic leverage on the global stage.
Bitcoin Creator Satoshi Nakamoto Nears Spot as World’s #2 Richest Person
Bloomberg’s Eric Balchunas predicts that if Bitcoin continues gaining 50% annually, Satoshi Nakamoto could overtake Warren Buffett this year and Mark Zuckerberg next year, potentially becoming the world’s second wealthiest individual.
BofA Predicts Dollar Weakness This Summer Could Lift Gold and Bitcoin
Bank of America predicts the dollar may weaken this summer due to trade policy uncertainty and rising debt. Slowing economic indicators and inflation expectations could restrict Fed action, creating favorable conditions for assets like gold and Bitcoin to gain.
May Sees Stablecoin Addresses Surge to 33.1M, Circle CCTP Hits All-Time High
In May, stablecoin active addresses reached a record 33.1 million. Circle’s CCTP bridge saw volume surge 83.3% to $7.7 billion, enabling near-instant cross-chain transfers of USDC across supported networks.
Bitcoin Spot ETFs See First Net Outflow in Six Weeks, Totaling $157 Million
According to SoSoValue, Bitcoin spot ETFs experienced a $157 million net outflow last week, ending a six-week inflow streak. The largest outflow was ARKB by Ark Invest and 21Shares, losing $282 million.
BTC Stays Stable Amid U.S. Trade Pressures
QCP Capital reported that despite U.S. tariff increases on Chinese tech and steel, triggering nearly $1 billion in crypto liquidations, BTC held above $102,000. With reduced short-term volatility and leverage, markets anticipate BTC to range between $100,000 and $110,000 unless significant new catalysts alter current sentiment or direction.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.