FameEX Morning Crypto News Recap | April 24, 2025
2025-04-24 00:31:00U.S. Strategic Bitcoin Reserve Details Expected to Be Revealed Soon
In early March, Trump signed an executive order to create strategic reserves for Bitcoin and other tokens, requiring a Treasury review within 60 days. With the deadline approaching, details are expected soon. Anticipation around this announcement is seen as a key factor behind the recent rebound in cryptocurrency markets.
Trump Rules Out Firing Fed Chair Powell
On April 23, The Wall Street Journal reported that Trump chose not to fire Fed Chair Powell after warnings from Treasury Secretary Basant and Commerce Secretary Lutnik. Earlier, White House lawyers had explored legal options for his removal.
New SEC Chair Paul Atkins Vows to Pursue Sensible Digital Asset Regulation
New SEC Chairman Paul Atkins, in his inaugural speech, pledged to establish a rational, principled regulatory framework for digital assets. He emphasized transforming current approaches into coherent policies and committed to making the U.S. the safest and most favorable environment globally for cryptocurrency operations and innovation.
OCC Confirms National Banks Are Legally Permitted to Conduct Crypto-Related Activities
On April 23, the OCC confirmed that national banks can legally engage in crypto-related activities, including custody and stablecoin use, provided they implement proper risk management practices to ensure safety and compliance.
Bitcoin Must Overcome Selling Pressure to Surpass $100,000
Glassnode reports that Bitcoin must overcome significant supply pressure to surpass $100,000. Around $97,000, nearly 392,000 Bitcoins are held at breakeven, creating a dense cost basis cluster. This concentration suggests many investors may sell, making it a critical resistance zone.
Spot Gold Drops 3% to $3,273 Amid Trade War Easing News
On April 23, spot gold dropped 3% to $3,273 per ounce following reports of easing trade war tensions.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.