FameEX Morning Crypto News Recap | August 11, 2025
2025-08-11 03:28:26Trump Administration Plans Order to Examine Bank Actions Against Cryptocurrency Accounts
The Trump administration is preparing to sign an executive order instructing federal banking regulators to review cases of banks closing cryptocurrency business accounts. Industry experts caution that significant changes will hinge on the release of specific regulatory details. In the meantime, banks continue to adopt a cautious, risk-averse approach toward cryptocurrency operations.
U.S. Treasury Secretary Seeks Replacement for Fed Chairman Powell
On August 11, U.S. Treasury Secretary Bessent revealed he is overseeing the search for a new successor to Federal Reserve Chairman Powell.
Bowman of the Federal Reserve Supports Further Interest Rate Cuts for the Rest of the Year
Federal Reserve Governor Bowman pointed out that recent employment growth data has been significantly revised downward, suggesting that the Fed should lower interest rates. She believes that the ongoing weakness in the labor market poses more concern than potential inflation risks. Bowman plans to support interest rate cuts in all three remaining Federal Reserve meetings this year.
Ethereum Beats Netflix and Mastercard in Market Cap, Secures 25th Spot in Global Asset Rankings
On August 10, 8marketcap data showed Ethereum's price exceeded $4,300, with its market capitalization reaching $520.56 billion. This growth allowed ETH to surpass both Netflix and Mastercard, moving up to 25th place in the global asset market rankings.
Ethereum’s Market Value Surpasses $500 Billion, Meeting Public Fund Investment Criteria in Several U.S. States
Ethereum’s market capitalization has surpassed $500 billion, meeting the investment criteria for public funds in certain U.S. states. New Hampshire recently passed a bill allowing up to 5% of its public funds to be invested in cryptocurrencies with a market cap above $500 billion.
Ethereum Price Predicted to Reach $20,000 Within a Year, According to Analysts
Ethereum’s price has broken several bullish patterns, with analysts predicting a rise to $6,000 soon and the potential to reach $20,000 within a year, driven by strong market momentum.
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