FameEX Morning Crypto News Recap | October 28, 2025
2025-10-28 04:45:21List of Fed Chair Contenders Cut to Five, Set for Trump Submission After Thanksgiving
On October 27, 2025, Treasury Secretary Scott Bessent said Federal Reserve Chairman candidates are down to five. He plans to submit a strong shortlist to Trump after Thanksgiving.
Gold Declines on Trade Optimism, Maintains 50% Annual Gain in 2025
Gold prices are declining as optimism about trade strengthens, diminishing safe-haven demand, according to Joshua Mahony, Chief Market Analyst at Scope Markets. However, expectations of Federal Reserve interest rate cuts this week continue to support gold, which has surged over 50% in 2025.
Bitcoin Price Tops Short-Term Holder Cost, Bull Market Claims Challenged
On October 27, 2025, analyst Murphy reported Bitcoin’s price exceeded the short-term holders’ average turnover cost ($113,200) on October 26. This disputes claims of the bull market ending, indicating a macro-driven “new cycle.”
Bloomberg: Retail Investors Pivot to Stocks, Causing $800 Billion Altcoin Market Shrinks
Bloomberg highlights an $800 billion altcoin market deficit compared to historical trends, as retail investors pivot to stocks. 10x Research notes South Korean investors prefer crypto stocks, while Bitcoin sees institutional fund inflows.
Western Union Trials Stablecoin Settlement, Reaching 150 Million Clients
Western Union is testing a stablecoin settlement system for 150 million customers to enhance remittances. CEO Devin McGranahan notes it uses blockchain to reduce banking dependency, accelerate settlements, and improve capital efficiency.
Fed Rate Cuts Will Weaken Dollar, Morgan Stanley Strategists Forecast
Morgan Stanley forecasts a dollar drop due to faster Federal Reserve rate cuts compared to the European Central Bank. U.S. economic slowdown, trade policy uncertainties, and modest fiscal support further pressure the dollar as global fiscal worries diminish.
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