FameEX Morning Crypto News Recap | August 28, 2025
2025-08-28 06:49:17Labor Day to mark submission of Federal Reserve Chair candidate list to Trump
U.S. Treasury Secretary Basent announced 11 potential contenders for the Federal Reserve Chair. Candidate interviews will commence September 1, following Labor Day, and the finalized selection list is expected to be submitted to President Trump soon.
EU Set to Unveil Tariff-Cut Plan for U.S. in Response to Trump’s Request
The European Union is expediting legislation to eliminate tariffs on U.S. industrial goods by August 31, aiming to secure a reduction of American tariffs on EU car imports from 27.5% to 15%. Though the agreement benefits the U.S. overall, Europe accepted compromise.
CryptoQuant: Bitcoin Buy/Sell Ratio at 7-Year Low, Raising Concerns of Near-Term Downside
CryptoQuant reports that Bitcoin’s 30-day moving average buy/sell ratio has plunged to its lowest level since May 2018. According to analyst CryptoOnchain, this sharp decline points to growing short-term selling pressure.
Bitcoin Faces Fragile Setup as Futures Leverage Drops Sharply
On August 27, Glassnode’s weekly report highlighted weakening momentum in Bitcoin’s spot market, with RSI slipping into oversold conditions. While trading volume holds steady, it lacks strength, underscoring fragile buyer confidence. Simultaneously, futures open interest has declined, and leverage has reduced.
Early Investors Swap 3,968 Bitcoins for 96,533 ETH
According to Onchain Lens, early Bitcoin investors exchanged 3,968 BTC, worth roughly $437 million, for 96,533 ETH at $4,588 each within two days.
Survey Finds 27% of Britons Would Add Digital Assets to Retirement Portfolios
A survey by insurer Aviva found 27% of UK adults are willing to include cryptocurrencies in their retirement portfolios, while 23% are considering withdrawing pensions to invest in crypto. Around one-fifth of respondents currently hold, or have previously held.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.