FameEX Morning Crypto News Recap | July 7, 2025
2025-07-07 05:45:02Trump to Roll Out Targeted Tariffs by Country Starting August 1, 2025
U.S. Commerce Secretary Howard Lutnick confirmed that President Trump’s country-specific tariffs will take effect on August 1, 2025, allowing time for negotiations before the July 9 trade agreement deadline.
Musk Teases Potential Participation of 'American Party' in 2025 Midterms
On July 6, Elon Musk hinted that the 'American Party' would participate in next year’s midterm elections. Responding to speculation about the party’s agenda, including reducing debt, promoting AI development, and relaxing regulations, Musk confirmed, saying, "That's right!"
Over 30.4% of Bitcoin Remains Dormant for More Than 5 Years
As of July 5, more than 30.4% of Bitcoin has stayed inactive in addresses for over five years, untransferred.
8,434 Bitcoins Accumulated by 54 Buyers from End of June to Early July
From June 30 to July 4, 54 entities disclosed Bitcoin treasury acquisitions, according to NLNico, purchasing a combined total of 8,434 BTC during the period.
Stablecoin Regulation in Hong Kong to Begin on August 1, Sparking Market Focus on Stablecoin Business
Hong Kong's Stablecoin Regulation, set to take effect on August 1, is the world’s first comprehensive framework for fiat-backed stablecoins. Industry professionals see this as a catalyst for increased market efficiency and optimism, positioning Hong Kong strategically in the global stablecoin market.
Glassnode Analyst Claims Bitcoin Treasury Strategy May Be Coming to an End
James Check, chief analyst at Glassnode, suggested that the Bitcoin treasury strategy has ended sooner than expected. He highlighted the importance of long-term sustainability for companies and pointed out that newly established Bitcoin treasury firms face difficulties as investors prefer early adopters.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.