FameEX Morning Crypto News Recap | November 12, 2025
2025-11-12 07:04:22Michael Selig Tapped by Trump to Lead CFTC, Senate Hearing Next
President Trump has nominated Michael Selig, the SEC's chief crypto enforcement attorney, to lead the CFTC. A Senate hearing is scheduled for next week.
With U.S. Government Shutdown Set to Conclude, Gold Notches Its Most Significant Increase in Five Months
U.S. government shutdown resolution sparks massive gold rally, pushing prices to ~$4,140/oz. This marks the metal's biggest single-day surge since May.
U.S. Government Back Online, Economic Figures Still in Limbo
U.S. shutdown set to end, but economic data lags. Nordea’s Marcus Widen warns that restarting government operations won’t instantly restore reliable stats—collection and verification delays persist, pushing back regular indicator releases.
NFT and Meme Coin Surge: NFT Market Cap Jumps Nearly 12%
NFT and memecoin markets rebounded over the past week amid rising crypto risk appetite, following a month-long slump. Per CoinGecko, global NFT cap climbed from $3.5B to $3.9B (+12%). CoinMarketCap notes meme coins surged from $47B to $52B (+11%).
White House economic advisor: U.S. to Hit 3-4% Growth Early Next Year
White House advisor Hassett reports incomplete surveys yet praises cooling inflation. He forecasts U.S. economic growth rebounding to 3%-4% by early 2026.
SoFi Leads: National Chartered Bank Debuts Crypto Trading in U.S.
SoFi made history on November 11, becoming the first U.S. national chartered bank to offer Bitcoin and cryptocurrency trading to customers.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.