FameEX Morning Crypto News Recap | July 24, 2025
2025-07-24 04:39:21U.S. Rolls Out AI Action Plan, Trump Heads Three-Pronged Strategy
The U.S. government has introduced the AI.Gov website, revealing the American AI Action Plan led by President Trump. The strategy is built on three pillars: accelerating domestic AI innovation, establishing robust AI infrastructure, and leading globally in AI diplomacy and security to shape international standards.
Trump: Tariffs Will Be Reduced Only When Market Is Open
On July 23, President Trump declared that tariffs would only be reduced if the national market is open and functioning.
U.S. President’s Digital Asset Working Group Completes Report, Coming on July 30
Bo Hines, the executive director of the U.S. President's Digital Asset Advisory Committee, confirmed that the President's Digital Asset Working Group has completed a 180-day report. This report is set to be released to the public on July 30.
Goldman Sachs Reports Trade Agreements Failed to Meaningfully Strengthen the Dollar
On July 23, Goldman Sachs noted that while recent trade agreements have reduced uncertainty surrounding the dollar, the potential for a significant rebound remains limited. The firm emphasized that the continuation of tariff increases will further weaken the dollar's strength.
Wall Street Companies Substantially Increase ETH as Reserve Asset
A competition known as the "Ethereum version of MicroStrategy" is developing on Wall Street, spearheaded by Ethereum co-founder Joseph Lubin and strategist Tom Lee. Companies like SharpLink Gaming, Bitmine, and The Ether Machin are significantly boosting their ETH reserves, viewing it as a strategic asset for the future.
Deutsche Bank: Trump Calls for Interest Rate Cuts, But Firing Powell Would Be Futile
Last month, U.S. President Trump called for Federal Reserve Chairman Powell to reduce interest rates, using the growing cost of federal debt as a key reason. However, Deutsche Bank's analysis argues that firing Powell and lowering rates would be ineffective. While short-term Treasury yields have decreased, long-term yields have increased, driven by inflation concerns over Fed actions. According to Deutsche Bank's estimates, even if Powell were removed, the Treasury would save only $12 billion to $15 billion by 2027.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.