FameEX Morning Crypto News Recap | November 3, 2025
2025-11-03 04:53:44U.S. Treasury Head Calls for Rate Reductions on Inflation Decline
U.S. Treasury Secretary Bessent, on November 2, urged the Federal Reserve to consider interest rate cuts if inflation continues to fall.
Cryptocurrency Mining Bill Under Review by NH Senate Panel
New Hampshire Senate Business Committee voted 4-2 to advance a bill easing crypto mining rules, prohibiting local bans and special taxes on digital assets. The measure now heads for further legislative review.
Tether Earns Over $10B in 9 Months of 2025; USDT Circulation Reaches $174B
Tether’s Q1–Q3 2025 audit reports net profit surpassing $10 billion, with $6.78 billion in excess reserves. USDT supply hits $174 billion. Treasury holdings rise to $135 billion (17th largest globally), backed by $12.9 billion in gold and $9.9 billion in Bitcoin.
Exchanges See Lowest ETH Holdings Ever, Staking Exceeds 33 Million
Money Ape highlights ETH exchange reserves at lowest in years, while staking volume climbs. Over 33 million ETH staked, driving rapid supply reduction.
Key ETH Demand Zone at $3120, Says Crypto
@ali_charts highlights $3120 as ETH’s critical demand zone, where 2.62 million ETH have been accumulated by investors.
Crypto Sentiment Shifts to Caution, Says AllianceDAO’s QwQiao
AllianceDAO co-founder QwQiao notes smart traders and long-term investors are turning bearish across all timeframes, with crypto sentiment increasingly cautious. Concerned since mid-September, he remains long-term optimistic but advises rationally reducing positions as a prudent move.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.