FameEX Morning Crypto News Recap | July 2, 2025
2025-07-02 05:04:53SEC Sets New Standards for Cryptocurrency ETP Disclosure
On July 1, 2025, the U.S. SEC's Division of Corporation Finance released new guidelines for cryptocurrency exchange-traded products (ETPs). These guidelines require ETP issuers to disclose specific details in their offering and registration documents, ensuring greater legal clarity and transparency in the cryptocurrency market.
Trump’s Tax Cut and Spending Bill Heads to House Floor for Debate and Vote
The U.S. House of Representatives will debate and vote on Trump’s tax cut and spending package, called the “Beautiful Big Bill,” this Wednesday, during local time.
Powell: Trump’s Tariffs Influence Fed’s Rate Cut Decisions
At the Sintra meeting in Portugal, Fed Chair Powell said Trump’s tariff policy caused delays in interest rate cuts, raising U.S. inflation forecasts. Due to ongoing economic uncertainty , need for more data to guide future monetary policy actions.
Dollar Slides to February 2022 Levels on Growing U.S. Policy Doubts
Uncertainty surrounding U.S. trade and fiscal policies has pushed the dollar to its lowest level since February 2022. Deutsche Bank analysts suggest that disappointing economic data may increase the likelihood of a Federal Reserve rate cut in July, weakening the dollar further.
Bitcoin OTC Trade Balance Reaches Decade-Low Levels
Bitcoin OTC trading balance dropped to 156,600 BTC, reaching its lowest point in 10 years, signaling reduced off-exchange activity.
Analyst: BTC May Hit $116,000 in July
Independent analyst Markus Thielen’s research reveals that Bitcoin has risen seven times in July over the past decade, with an average increase of 9.1%. Even during declines, drops remain small, and if trends continue, Bitcoin could potentially reach $116,000 in upcoming weeks.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.