FameEX Morning Crypto News Recap | October 30, 2025
2025-10-30 07:46:14Another 25bp Rate Reduction from the Federal Reserve
Federal Reserve cuts federal funds rate 25 bps to 3.75%-4.00% on October 29, the second reduction since September 17 and fifth since September 2024.
Fed Chair Powell Mulls Easing Pace of Rate Reductions on Data Gap
Fed Chair Powell stated on October 30 that rate cuts may slow absent new data or economic changes. He anticipates clearer, more comprehensive information by December to shape upcoming policy moves.
U.S. Senate Rejects Bill for 13th Time, Prolonging U.S. Government Shutdown
On October 28 Eastern Time, the U.S. Senate rejected a procedural vote 54-45 to advance the Fiscal Year 2025 Continuing Appropriations and Extension Act, requiring 60 votes to proceed. This 13th failure ensures the ongoing government shutdown will continue without resolution.
Trading Platforms Maintain Positive Price Spread, Alleviating Trading Platform Sell Pressure
CryptoQuant's Axel noted on October 29 that trading platforms' net price difference stayed positive, with a 30-day moving average of +$1 billion—above the long-term baseline. This shows net cash inflows exceeding BTC and ETH outflows, signaling easing market selling pressure.
Interest Rate Cut Coincides with S&P 500's Historic High
Analyst Kobeissi highlighted that on October 29, the Fed cut rates as the S&P 500 reached a record high—the fifth historical instance. In the prior four cases, the index rose 12 months later in every case, averaging nearly 20% gains.
Mastercard Negotiates $1.5B–$2B Deal for Crypto Firm Zerohash
Mastercard is in discussions to buy Chicago-based crypto startup Zerohash for $1.5–2 billion, marking a major stablecoin push. Founded in 2017, Zerohash provides institutional clients with stablecoin infrastructure, trading platforms, and asset tokenization APIs.
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