FameEX Morning Crypto News Recap | October 7, 2025
2025-10-07 06:25:30U.S. Government Shutdown Sparks Bitcoin to Historic High
On October 7, the U.S. government shutdown prompted investors to flock to safe-haven assets, driving Bitcoin to a historic high. The shutdown also disrupted economic reporting, causing the U.S. Bureau of Labor Statistics to delay the release of non-farm payroll data.
Government Shutdown Puts the Brakes on Crypto Regulation, SEC and CFTC Services Restricted
The U.S. government shutdown, triggered by Congress's inability to pass a temporary funding bill, has led to many federal employees being furloughed. With no agreement between Republicans and Democrats, key financial regulatory agencies, including the SEC and CFTC, are facing significant operational disruptions, affecting their regulatory functions.
Fed Rate Cuts May Offer Limited Economic Stimulus, Says RSM Economist
RSM economist Joe Brusuelas explained that the Fed's current interest rate cuts may have a more limited effect on the economy compared to previous cycles. With most homeowners having mortgage rates lower than current levels, a significant decline in mortgage rates would be necessary to ease household finances and boost consumer spending.
By 2028, $1 Trillion from Emerging Markets Expected to Flow into Stablecoins, Says Standard Chartered
Standard Chartered Bank predicts that by 2028, over $1 trillion could flow out of emerging market banks into stablecoins as demand for dollar-pegged crypto assets rises. The shift of payment networks and core banking services to the non-bank sector will accelerate global stablecoin adoption.
Bitcoin’s Key Support Zone Could Range from $108,000 to $118,000, Says Analyst
CrediBULL Crypto, a crypto analyst, suggests Bitcoin has broken its previous high and is on track to reach $150,000. However, a pullback to the $108,000 to $118,000 range is likely, forming a strong demand zone.
BlackRock Plans UK Bitcoin ETP Launch, Set to List After October 8th
On October 6th, it was revealed that BlackRock intends to launch a Bitcoin ETP in the UK, following the UK’s Financial Conduct Authority lifting a ban on such products. The iShares Bitcoin ETP is expected to list on or after October 8th.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.