FameEX Morning Crypto News Recap | June 10, 2025
2025-06-10 05:42:28Federal Reserve: Medium-Term Inflation Expectations Remain Highly Uncertain
On June 9, Federal Reserve spokesperson Nick Timiraos announced a surprising drop in the New York Fed's May inflation expectations. The 3-year outlook fell to 3% from 3.2%, and the 5-year forecast decreased to 2.6% from 2.7%, with ongoing uncertainty surrounding medium-term inflation expectations.
Trump Hasn't Yet Considered Talks with Musk
President Trump stated he hasn't considered talks with Musk, suggesting that Musk may be the one interested in discussions.
US and China Hold Trade Talks in London, Focusing on Export Controls
On June 9, US-China delegations arrived in London for trade talks aimed at stabilizing a fragile truce. Following a call between Presidents Trump and Xi, the discussions focused on export controls, which could potentially trigger renewed tariff disputes between the two nations.
CryptoQuant: Bitcoin Spot Trading Volume on CEX Hits 5-Year Low as Market Moves into Holding Phase
On June 9, CryptoQuant's Axel Adler Jr noted that spot trading volume on centralized exchanges has fallen to levels last seen in October 2020. The market is showing reduced cryptocurrency sales and on-chain activity, signaling a shift into a holding (HODL) phase with lower trading and investor engagement.
BlackRock's IBIT Holdings Reach Over $70 Billion
BlackRock’s IBIT ETF reached $70 billion in assets in just 341 days, according to Bloomberg’s Eric Balchunas—achieving this milestone five times faster than the previous record-holder, the SPDR Gold Trust (GLD).
Greeks.live: Crypto Community Grows Concerned Over Potential Market Downturn
Greeks.live noted a mixed, slightly bearish sentiment in the crypto market, with Bitcoin hitting resistance near $106,000 last weekend. Investors are increasingly concerned about downside risks and possible spillover from traditional market volatility affecting the future direction of cryptocurrencies.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.