FameEX Morning Crypto News Recap | June 6, 2025
2025-06-06 04:34:15Trump Unhappy with Musk's Comments on the 'Big and Beautiful' Bill
On June 5, House Speaker Mike Johnson disclosed that President Trump is unhappy with Musk's criticism of the 'Big and Beautiful' bill. Johnson disagreed with Musk and attempted to reach out. The White House acknowledged Musk’s position but confirmed that Trump’s support for the bill remains unchanged.
Accumulation Mode Returns for BTC Holders, With 10-100 BTC and Sub-1 BTC Groups Leading
Glassnode data indicates that BTC holders have returned to accumulation after a brief sell-off, with all wallet groups displaying buying behavior. The most significant accumulation is observed in groups holding 10-100 BTC and under 1 BTC, both scoring 1.0 for buying activity.
Cryptocurrency Policy of the Trump Administration Stirs Debate
President Trump's trade agreement with the UK enhanced global market confidence, positively impacting Bitcoin. However, the administration's deregulation of the cryptocurrency sector has raised concerns about the potential concentration of power within the industry.
California Legislation on Cryptocurrency Payments Passes; Idle Assets to Become State-Owned
California's legislature passed AB 1052, enabling the state to seize cryptocurrencies unused for three years. The bill, now under Senate review, allows the state to take control of cryptocurrencies in exchange accounts that haven’t had any ownership actions—such as trading, deposits, or accessing accounts—during this period.
Apple’s Request to Delay App Store Reform Rejected by U.S. Court of Appeals
On June 5, court documents showed the U.S. Court of Appeals denied Apple’s request to suspend the App Store reform order in the Epic Games case.
By April 2025, Indonesia’s Cryptocurrency Investor Count Reaches 14.16 Million
As of April 2025, Indonesia's cryptocurrency investors reached 14.16 million, an increase of 450,000 from March, according to the Financial Services Authority. The country's April trading volume totaled 35.61 trillion rupiah, reflecting a 9.7% month-on-month growth.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.