FameEX Morning Crypto News Recap | August 5, 2025
2025-08-05 05:21:44White House Panel Seeks to Define Oversight Roles for Crypto Regulation
On August 4, the White House Digital Asset Working Group issued a policy recommendation report focused on cryptocurrency regulation. It proposes a clearer market structure, outlines regulatory plans for banks involved in digital assets, and urges clarification of oversight responsibilities between the SEC and CFTC.
White House Criticizes Reliability of Labor Statistics Bureau Data
On August 4, National Economic Council Director Hassett publicly criticized the Bureau of Labor Statistics, stating its data is now “very unreliable”.
Bitcoin Spot ETF Outflows Hit $643M Last Week, BlackRock’s IBIT Bucks Trend with $355M Inflow
Last week, Bitcoin spot ETFs recorded a net outflow of $643 million, ending a seven-week inflow streak and signaling a shift in investor sentiment. However, BlackRock’s IBIT stood out with a $355 million net inflow, boosting its cumulative inflow to $57.6 billion.
Analyst from CryptoQuant Foresees Two More Bullish Phases Ahead
CryptoQuant analyst Axel Adler Jr highlighted that investor risk appetite diminishes in the late stages of a bull market. In March and December 2024, key indicators surpassed 1.9 but have since formed a lower peak, signaling weakening momentum. As long-term holders begin selling, market pressure grows. Meanwhile, two Fed rate cuts and two further market upswings are expected this cycle.
Fed to Start Three Straight Rate Cuts from September, Says Goldman Sachs
Goldman Sachs forecasts the Federal Reserve will begin three consecutive 25-basis-point rate cuts starting in September. However, if the next employment report reveals a further rise in unemployment, the Fed may opt for a sharper initial cut of 50 basis points.
MicroStrategy’s Weak Performance Signals Late-Stage Crypto Rally, Say Experts
Greeks.Live stated that the crypto market is entering the final phase of its bull run, with Bitcoin's 200-day moving average reaching $100,000. However, MicroStrategy’s weak performance and shift to interest-bearing financing have raised concerns. Declining share premiums indicate changing investor expectations for Bitcoin’s future growth and market sentiment.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.