FameEX Morning Crypto News Recap | July 4, 2025
2025-07-04 04:14:33Many Trade Agreements Expected by July 9, Says U.S. Treasury Chief
U.S. Treasury Secretary Yellen anticipates a surge in trade deals by July 9, with about 100 countries expected to face or impose a minimum 10% reciprocal tariff rate.
U.S. Treasury Head Hints at Significant Fed Rate Reduction in September
U.S. Treasury Secretary Basant said real rates are unusually high. If the Fed holds off cutting rates this time, it may opt for a more aggressive cut in September.
Trump Tax Proposal Could Raise Deficit by $3.3 Trillion, IMF Warns
The IMF cautions that Trump’s tax plan could worsen the U.S. fiscal outlook, making it harder to reduce deficits and debt in the future. IMF spokesperson Julie Kozack said the plan contradicts medium-term debt reduction goals. The Congressional Budget Office estimates it would raise the deficit by $3.3 trillion.
Record 14.7 Million Bitcoins Held by Long-Term Investors
According to Glassnode, long-term Bitcoin holders who’ve held their assets for over 155 days now control a record 14.7 million BTC. Despite prices exceeding $100,000, most of these coins remain unmoved, reflecting strong investor conviction and confidence in Bitcoin’s long-term value.
Bitcoin Could Face Sharp Price Swings in Coming 5 Weeks, Says Analyst
Jackis reports that Bitcoin’s current volatility has hit a record low not seen since 2023, marking only the seventh time in history. This trend often precedes sharp price changes, suggesting the market could face significant volatility in the next five weeks.
BlackRock’s IBIT Inches Closer to Top ETF, Just $9 Billion Away
Bloomberg’s Eric Balchunas reported that IBIT is now the 3rd top-earning ETF at BlackRock. Out of 1,197 funds, it’s only $9 billion from the top—a remarkable performance for a fund just 1.5 years old.
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