FameEX Morning Crypto News Recap | June 17, 2025
2025-06-17 04:14:16GENIUS Act Vote in US Senate Could Reshape Stablecoin Future
On June 16, Bernstein announced the US Senate will vote on the GENIUS Act this week. The legislation, likely to become law within months, seeks to revive stablecoin innovation in the US and grant regulated American issuers a key first-mover advantage in the market.
EU Pushes Back on U.S. Tariffs, Labels 10% Deal Claims as Speculation
On June 16, the European Commission reiterated the EU’s firm stance against U.S. tariffs, labeling them as unreasonable and illegal. It also rejected claims of agreeing to a 10% tariff, calling such reports speculative and unreflective of actual discussions.
Bitcoin Spot ETFs See $1.37B Weekly Inflow, Trading Volume Hits $14B
On June 16, Trader T reported a $1.369 billion weekly net inflow into Bitcoin spot ETFs, with $14 billion in trading volume. BlackRock led with $1.115 billion, while BITB, FBTC, and HODL saw inflows of $83M, $80M, and $29M respectively.
Survey Reveals 55% of Americans View Trump’s Presidential Record Negatively
On June 15, an NBC poll revealed that 55% of American adults disapprove of Trump’s performance as president, while 45% approve. The poll also found 60% oppose his tariff policy, 61% disapprove of his handling of inflation and living costs, and 56% reject his college policies. However, 51% support his border and immigration stance.
Gold Hits Risk Zone Amid Geopolitical Strains and Rate Cut Hopes
Continued missile exchanges between Iran and Israel over the weekend, with no ceasefire expected, pushed gold into a high-risk zone. CTA net short positions fell below 30,000 contracts, highlighting increased market uncertainty regarding gold’s future direction.
Fed Could Use Climbing Oil Prices to Push Back on Trump’s Rate Cut Demands
Dutch analyst Francesco Pesole said the Fed may adopt a cautious stance on rate cuts at Wednesday’s meeting, though this may not boost the U.S. dollar. Rising oil prices from the Israel-Iran conflict could help counter Trump’s push for cuts.
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