FameEX Morning Crypto News Recap | May 6, 2025
2025-05-06 05:15:30Gold Prices Rebound Amid Weaker Dollar and Trump's Tariffs on Foreign Films
Gold prices surged on Monday as a weakening U.S. dollar and rising fears of a global trade war—sparked by Trump’s new tariff policy—drove safe-haven demand. Spot gold gained 2.3%, U.S. gold futures rose 2.4%, while the dollar index slipped 0.4%.
U.S. House Unveils Draft Framework for Digital Asset Regulation
U.S. lawmakers, including House Financial Services Chair French Hill and Agriculture Chair G.T. Thompson, proposed a draft bill to create a regulatory framework for digital assets, aiming to clarify rules for cryptocurrencies and blockchain innovation in the U.S.
SEC to Host Tokenization Roundtable on May 12
The U.S. SEC's crypto working group will host a May 12 roundtable titled "Tokenization - Assets on the Chain," exploring the integration of traditional and decentralized finance.
Arkham: BlackRock Added $2.5 Billion in Bitcoin to Its Holdings Last Week
Arkham revealed on X that BlackRock boosted its Bitcoin holdings by $2.5 billion last week, averaging $500 million per weekday. This week’s accumulation trend is also worth closely monitoring.
U.S. Spot ETF Purchases Outpace New Bitcoin Supply by 5.92 Times
On May 5, data showed U.S. spot ETFs bought 18,644 Bitcoins in the past week, while only 3,150 new coins were mined, making ETF demand roughly 5.92 times greater than the new supply.
Strategy Added 1,895 BTC to Its Holdings Last Week
On May 5, market data showed Strategy bought 1,895 BTC for $180.3 million between April 28 and May 4.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.