FameEX Morning Crypto News Recap | July 16, 2025
2025-07-16 03:30:00Trump Set to Deliver Keynote on AI to Strengthen U.S. Leadership
Trump will outline his AI strategy at the 'Winning the AI Competition' event on July 23, aiming to secure U.S. dominance in artificial intelligence. His administration is finalizing an AI action plan developed since his January inauguration, emphasizing America's leadership in the critical tech sector.
Over 550,000 ETH Purchased by 10 Ethereum Funds in the Past 30 Days, Valued at $1.65 Billion
Kyle Reidhead, co-founder of Milk Road, reported on July 15 via the X platform that in the past 30 days, 10 Ethereum-focused funds bought more than 550,000 ETH, totaling around $1.65 billion. He highlighted that the buying activity has been accelerating recently.
JPMorgan and Citigroup Look into Stablecoin Market Participation
JPMorgan Chase CEO Jamie Dimon noted that despite stablecoin skepticism, the bank plans to engage in the sector to stay competitive against fintech. Citigroup executives also shared their consideration of issuing a Citi stablecoin, alongside exploring tokenized deposits and cryptocurrency custody opportunities.
10x Research Predicts Bitcoin Will Hit $160,000 by Year-End
Markus Thielen, head of research at 10x Research, noted that a breakout signal on July 10 suggests Bitcoin could reach $133,000. He anticipates short-term consolidation followed by a rise to $133,000, with the year-end target set at $160,000 for Bitcoin's price.
Deutsche Bank: Bitcoin's Lower Volatility Reflects Market Maturity
Deutsche Bank highlighted that with growing mainstream acceptance and increasing adoption by businesses, retail investors, and governments, Bitcoin’s volatility is expected to decline further. This reduction in volatility reflects the maturation of the market, driven by regulatory clarity, broader adoption, and a shift toward long-term investment strategies, contributing to Bitcoin's enhanced stability.
Bank of America Survey Suggests Two Rate Cuts from Fed in 2025
In July, Bank of America conducted a survey of global fund managers, revealing that 47% anticipate the Federal Reserve will cut interest rates twice in 2025. Meanwhile, 34% expect one rate cut, 10% predict no change, and 8% foresee three rate cuts. Only 1% expect more than three rate cuts, with the current federal funds rate ranging from 4.25%-4.50%.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.