FameEX Morning Crypto News Recap | July 22, 2025
2025-07-22 03:33:21Trump Will Not Fire Powell, Sets Sights on Interest Rate Cuts
White House Press Secretary Levitt clarified that President Trump has no intentions of firing Federal Reserve Chair Powell. He emphasized the necessity for Powell to implement interest rate cuts. Additionally, Levitt stated the administration is not worried about the deficit impact from the tax reduction bill.
SEC Chairman Paul Atkins Declares ETH Is Not a Security
U.S. SEC Chairman Paul Atkins clarified in a CNBC interview that Ethereum (ETH) is not classified as a security, providing clarity on the regulatory position.
Weekly Net Inflow into Ethereum Spot ETF Hits Historic $2.18 Billion
SoSoValue data reveals that Ethereum spot ETFs set a new historical record with a weekly net inflow of $2.18 billion. BlackRock's Ethereum ETF (ETHA) saw $1.76 billion of this inflow, raising its total historical net inflow to $8.06 billion.
QCP: Altcoin Season Could Be Underway, ETH Market Share Hits 11.6%
QCP Capital's July 21 report noted a surge in altcoin season indicators, reaching their highest level since December. The open interest in ETH perpetual contracts rose significantly from $18 billion to $28 billion within a week, suggesting the potential start of the altcoin season.
More Than 90% of Ethereum Addresses Are in Profit, a 2024 Record
Sentora's analysis shows over 90% of Ethereum addresses are in profit, marking the highest level since December 2024. With fewer addresses holding Ethereum above the current price, on-chain resistance is minimal. The first major resistance level is near $4,000, with 2.39 million addresses in loss.
Record-Breaking BTC and ETH Exchange Inflows Fuel Miner Sell-Off
An analyst observed that Bitcoin's rise to record highs triggered the largest miner sell-off since April, with 16,000 BTC moved to exchanges. On July 15, Bitcoin exchange inflows soared to 81,000 BTC, the highest since February, driven by whales and miners. Transfers of 100 BTC or more rose from 13,000 to 58,000 BTC. Ethereum followed a similar trend, with around 2 million ETH flowing into exchanges on July 16, marking the highest daily inflow since late February.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.