FameEX Morning Crypto News Recap | August 1, 2025
2025-08-01 08:08:29U.S. Government Implements Tariffs on Various Countries
The White House announced new tariffs targeting specific nations: 25% on Indian goods, 19% on Thai imports, 30% on South African products, and 15% on items from Turkey and Venezuela. Additionally, countries with a trade surplus with the U.S. will face a reduced to 10% tariff rate.
SEC Chairman Proposes Study to Adjust Cryptocurrency Custody Regulations
SEC Chairman has tasked staff with investigating how to adapt the cryptocurrency asset custody framework to foster growth in the sector. Additionally, he called for the creation of a framework enabling the parallel trading of crypto and traditional securities. This initiative could require updates to the National Market System Rules.
BlackRock’s Spot Bitcoin ETF Attracts 75% of New Clients
Eric Balchunas, a senior analyst at Bloomberg ETF, shared on platform X that 75% of investors in BlackRock's spot Bitcoin ETF "IBIT" are new to the firm. Among these new clients, 27% expanded their investments by purchasing additional iShares ETFs.
Glassnode: Bitcoin Price Above Short-Term Holders' Cost Range, Pullbacks Find Support
Glassnode reports that Bitcoin's price is still above the cost range for all short-term holders (between $110,000 and $117,000 over 3 months). Given the low trading volume, this indicates strong support should a pullback occur at these price levels.
Deloitte Survey Reveals 99% of North American CFOs Plan to Utilize Cryptocurrency
Deloitte's Q2 CFO Signals Spotlight survey, conducted among 200 CFOs of North American companies with annual revenues exceeding $1 billion, indicates that more than 99% plan to integrate cryptocurrency into their financial operations.
Global NFT Sales Surge to $574 Million in July 2025, Marking 47.6% Growth
In July 2025, global NFT sales reached $574 million, reflecting a significant 47.6% month-over-month increase. This surge positioned it as the second-highest sales month of the year. However, the number of transactions fell by 9%, dropping to 5 million. Despite fewer transactions, the average selling price of NFTs rose to $113.08.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.