FameEX Morning Crypto News Recap | September 9, 2025
2025-09-09 06:41:11Nasdaq Aims to Update Rules for Tokenized Securities Transactions
Nasdaq filed a proposal with the SEC to amend exchange rules, aiming to permit trading of securities issued in digital or tokenized form.
White House Economic Director Casts Doubt on Fed Independence
White House NEC Director Hassett suggested September 7 that Federal Reserve independence faces uncertainty, but emphasized there are no existing initiatives to reform the central bank’s structure or policies.
Spot Gold Tops $3,610, Setting New Historic Record
Spot gold climbed on September 8, surpassing $3,610 per ounce for the first time, with intraday gains topping 0.5%.
Bitcoin Rally Above $120K Not Driven by Rate Cuts, Analyst States
Vincent Liu of Kronos Research cautioned that Bitcoin may stay subdued even with Fed rate cuts. He noted cuts signal economic weakness, while inflation, weak risk appetite, and insufficient ETF inflows hinder momentum, making a breakout above $120,000 unlikely without broader liquidity expansion.
Matrixport: Trump Seen Reshaping Fed, Tokenized Gold Becomes Top Crypto Investment Target
Matrixport highlighted that Congress raised the debt ceiling by $5 trillion and issued $1.2 trillion new debt, boosting gold’s rally. At the same time, Trump’s growing influence over Federal Reserve appointments is reshaping expectations, while cryptocurrency traders increasingly pivot toward tokenized gold.
NFT Sales Hit $91.96M, Marking Lowest Level Since June
In early September, NFT sales fell to $91.96 million, their weakest level since mid-June, after July and August weekly totals consistently exceeded $115 million.
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