FameEX Morning Crypto News Recap | June 5, 2025
2025-06-05 07:11:03Trump, Warren Unite on Debt Ceiling Removal to Avert Crisis
On June 5, President Trump said he and Senator Warren agreed to eliminate the debt ceiling, calling it too dangerous in politicians’ hands. He believes removing it is essential to avoid economic disaster and safeguard the U.S. and global economies.
Fed Survey Finds Slower Growth, Gradual Price Gains
The Fed’s Beige Book reports moderate price growth and mixed regional economic trends, with some districts weakening and others strengthening. Overall, economic activity saw a slight decline across all 12 Federal Reserve districts compared to the previous report.
SEC Chief States Cryptocurrency Regulations Will Follow Transparent Process
On June 4, SEC Chairman Paul Atkins stated that future cryptocurrency regulations will be developed through a public rule-making process rather than enforcement. He highlighted the use of a “notice and comment” approach to promote transparency and allow public feedback in shaping the regulatory framework for digital assets.
Canadian PM Carney Threatens Tariff Retaliation Against U.S.
On June 5, Canadian Prime Minister Carney cautioned that if efforts to eliminate tariffs collapse, Canada stands prepared to launch retaliatory actions against the United States in response.
Bitcoin Search Popularity Dips, Slips Below 25th on Google
Bitcoin's Google search ranking fell below 25th, reflecting declining retail interest. This drop coincides with historically low volatility, as the DVOL hovers just above 40—its lowest in more than two years.
20% of Spot Bitcoin ETF Assets Held by Financial Advisory Firms
Bloomberg analyst Eric Balchunas noted that financial advisory firms hold 20% of spot Bitcoin ETF assets, per 13F data, and predicts this share could rise to 35–40% with growing adoption.
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