FameEX Morning Crypto News Recap | October 22, 2025
2025-10-22 03:40:44President Trump States Federal Reserve Chairman Jerome Powell is Stepping Down
President Trump claims Fed Chair Powell will resign and criticized "hardliners" at the central bank who he says believe interest rates are too high.
Federal Reserve Governor Advocates for DeFi Inclusion in Payments System Talks
Federal Reserve Governor Christopher Waller announced a major shift in the Fed's stance, stating it now welcomes the DeFi industry to participate in discussions on the future of U.S. payments, moving past previous suspicion.
BlackRock is Drawing Major Bitcoin Investors into the Traditional Financial System
Bloomberg reports that large-scale Bitcoin investors, including crypto billionaires, are utilizing the new spot Bitcoin ETFs. This provides a secure, regulated conduit to transfer their blockchain-based wealth onto the balance sheets of Wall Street's traditional financial system.
Tether Launches Kenyan Documentary to Celebrate Reaching 500 Million User Milestone
On October 21, Tether announced a significant milestone: its USDT stablecoin now serves 500 million individual users globally. To mark this achievement, the company launched a short documentary filmed in Kenya, illustrating the tangible impact of USDT in providing freedom, stability, and hope.
Analysis Predicts More Than 200 Cryptocurrency ETP applications in the Next 12 Months
According to analysts Nate Geraci and Eric Balchunas, the crypto ETP landscape is poised for explosive growth. With 155 current applications tracking 35 digital assets, they forecast the launch of over 200 new products within a year, characterizing this surge as a "beach landing" invasion of the market.
Bitcoin Open Interest Plummets 30% as Market Flushes Out Excessive Leverage
Analytics firm Glassnode reported on social media that Bitcoin's open interest plummeted by approximately 30% in the wake of the October 11 market crash. This sharp decline has effectively purged the system of excessive leverage. With funding rates now returning to neutral, the immediate threat of a cascading liquidation spiral has been significantly mitigated.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.