FameEX Morning Crypto News Recap | July 3, 2025
2025-07-03 05:57:16Trump Announces 20% Tariff on Vietnam's Exports to the U.S. and Market Openness
President Trump revealed a trade deal with Vietnam, where Vietnam will impose a 20% tariff on U.S. goods and 40% on transshipped goods. In return, Vietnam will open its market to U.S. products, permitting them to be sold tariff-free.
Billionaires in the U.S. Pursue Banking License to Boost Crypto Startups
Silicon Valley billionaires are applying for a banking license to create a nationwide bank focused on supporting crypto startups and innovative businesses. Triggered by the 2023 Silicon Valley Bank collapse, which limited funding access, the new bank will offer traditional and digital currency services to empower the modern innovation economy.
$140K Bitcoin Needed to Recover Long-Term Holder Profit Margins – CryptoQuant
CryptoQuant reports that Bitcoin needs to rise to $140,000 for long-term holders to match 2024 profit levels. While current average realized profit is 220%, it was 300% in March and 350% in December 2024. With an average cost basis of $33,800.
Mainstream Currency Funding Rates Revert to Neutral Status
Coinglass data shows funding rates on major CEX and DEX platforms have returned to neutral, ending the fully bearish trend. These rates help align contract and asset prices, ensuring balance in derivatives markets.
Scaramucci Predicts End of Bitcoin Hoarding Trend by Firms
Anthony Scaramucci, founder of SkyBridge Capital, expects the trend of public companies holding Bitcoin on their balance sheets to be short-lived. He believes it will lose momentum as investors prefer buying Bitcoin directly rather than paying a premium for Bitcoin-exposed company stocks.
Standard Chartered Predicts $200K Bitcoin by Year’s Close
Standard Chartered Bank projects Bitcoin will rise to $135,000 in the third quarter and possibly reach $200,000 by year-end, fueled by strong ETF inflows and growing corporate demand. The bank highlights a shift away from the usual 18-month post-halving correction trend. Nonetheless, it cautions that short-term volatility may emerge between late Q3 and early Q4, even amid an overall optimistic market outlook.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.