FameEX Morning Crypto News Recap | July 23, 2025
2025-07-23 06:26:01Trump Announces Powell’s Imminent Departure, Pushes for 1% Interest Rates
On July 22, U.S. President Trump announced Powell's imminent replacement, criticizing him for keeping high interest rates despite a strong economy. Trump advocated for maintaining interest rates at 1%.
Fed Chairman Powell Open to New Ideas for Enhancing Bank Capital Framework
On July 22, Federal Reserve Chairman Jerome Powell highlighted the Fed's adaptability and willingness to listen to suggestions aimed at enhancing the capital framework of large banks. He focused on fostering improvements but refrained from discussing any views regarding the economic or monetary policy outlook.
Spot Gold Hits $3420, Marking Recent Peak
On July 22, spot gold prices climbed to $3420 per ounce, reaching a new high since June 16, reflecting a daily gain of 0.68%.
Bitcoin's Market Momentum Slows as Investors Adjust Strategies
Bitcoin's market momentum has slowed following its all-time high, with investors adapting to range volatility. Glassnode indicates that profitability has cooled, but there is still potential for further price increases in the market.
LD Capital Founder: Rotation in Crypto Bull Market Starts with Mainstream Coins Rising
Jack Yi, founder of LD Capital, shared on social media that the crypto bull market rotation has started, with mainstream coins rising first. He believes that, assuming no major disruptions in the U.S. stock market and after crypto legislation is passed, substantial Wall Street investments could enter the market.
Alleged Sale of 700 WBTC by Address That Acquired 1,074 Four Years Ago
On-chain analyst @ai_9684xtpa reported that an address, which acquired 1,074 WBTC four years ago at $10,708 each, has allegedly sold 700 WBTC in the past three days for $82.4 million, at an average price of $117,697. With over half of the original holding sold, the wallet retains 800 WBTC. If all are sold, the address will earn a $74.89 million profit.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.