FameEX Morning Crypto News Recap | June 27, 2025
2025-06-27 04:50:49Trump Weighs Pre-Schedule Disclosure of Fed Nominee
Frustrated by the Federal Reserve’s resistance to interest rate cuts, Trump is considering announcing a successor to Chairman Jerome Powell ahead of schedule. Although Powell’s term ends in 11 months, sources say Trump may name his candidate as early as this summer, with a likely announcement by September or October.
U.S. House Passes Bill to Strengthen Blockchain Ecosystem
The U.S. House approved the Blockchain Act, instructing the Department of Commerce to lead national blockchain efforts. The bill aims to enhance U.S. competitiveness, coordinate federal adoption, establish clear guidelines, and support open-source infrastructure.
U.S. Moves to Establish Infrastructure for National Bitcoin Reserve
White House advisor Bo Hines confirmed the U.S. is developing infrastructure for a strategic Bitcoin reserve, aiming to grow its holdings gradually in a budget-neutral way without increasing federal spending.
Fed Cut Bets Drive Asian Currency Gains
Asian currencies, led by the Singapore dollar, gained strength due to growing expectations of two Federal Reserve rate cuts in the coming year. MUFG Bank’s Lloyd Chan highlighted weak U.S. economic indicators, including a decline in new home sales. Additionally, easing geopolitical tensions after the Iran-Israel ceasefire reduced demand for the dollar.
JPMorgan Sees 40% Chance of Recession as Tariffs Fuel Stagflation Fears
In its mid-year outlook, JPMorgan warns that U.S. tariff policies could weaken global growth and rekindle inflation, cutting the 2025 U.S. growth forecast to 1.3% from 2%. Still, the bank maintains a positive view on the U.S. stock market, supported by strong consumer spending and a resilient domestic economy.
Critical Bitcoin Support Level Set Between $93K and $100K
Glassnode analysis shows Bitcoin’s key support between $93,000 and $100,000 has seen steady Q1 accumulation. Despite short-term volatility, the overall market structure continues to signal a bullish trend.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.