FameEX Morning Crypto News Recap | June 4, 2025
2025-06-04 06:34:3850% Tariff on Steel and Aluminum Begins Tomorrow Under Trump’s Order
Trump will sign a tariff order today, imposing a 50% duty on steel and aluminum imports, White House press secretary Levitt confirmed. The new tariffs are set to begin tomorrow.
Trump Media’s Truth Social Submits Bitcoin Spot ETF Filing
Truth Social, owned by Trump Media & Technology Group, has filed a Bitcoin spot ETF application via a partner on the NYSE Arca exchange. Aiming to track Bitcoin prices, this marks the first time a social media platform has submitted such an ETF application.
U.S. Treasury Secretary Claims Biden’s Regulations Threaten Crypto’s Survival
Treasury Secretary Besant warned that Biden’s policies threaten the survival of cryptocurrencies, while President Trump aims to establish the U.S. as a global hub for digital innovation and crypto advancement.
2025 Sees Institutions Accumulate 417K BTC, Retail Sells 158K
Since 2025, Bitwise data shows institutional investors have led Bitcoin demand, adding 417,000 BTC, while retail investors have decreased their holdings by 158,000 BTC.
After Breaking ATH, Bitcoin Investors See 16% Average Gains
On June 3, Glassnode reported Bitcoin broke its all-time high, raising average profits to 16%. Investors have entered a clear profit-taking phase.
New South Korean President Lee Jae-myung Promises Push for Crypto Spot ETF
On June 3, Lee Jae-myung won South Korea’s presidency. He pledged to support a cryptocurrency spot ETF and proposed introducing a stablecoin backed by the Korean won.
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