FameEX Morning Crypto News Recap | May 9, 2025
2025-05-09 02:51:41Trump Announces UK Trade Deal as Bitcoin Breaks $100,000 Barrier
Trump's UK trade deal marks his first since imposing high tariffs, signaling easing trade tensions. Following the announcement, Bitcoin surged past $100,000, reflecting renewed market optimism.
U.S. Senate Rejects GENIUS Act Over Anti-Money Laundering and National Security Concerns
The U.S. Senate failed to advance the GENIUS Act after several Democratic senators reversed their support. Concerns over new anti-money laundering and national security provisions in the revised bill led to its procedural rejection during Thursday’s vote.
SEC Commissioner Blasts Handling of Bitcoin ETF Approval Process
SEC Commissioner Hester Peirce criticized the agency’s handling of spot Bitcoin ETF approvals, calling it “severely mismanaged” with inadequate explanations for its shifting regulatory stance.
Bank of Canada Governor Backs Fed Chair Powell’s Independence
Bank of Canada Governor Macklem endorsed Fed Chair Powell’s independence, calling central bank autonomy “sacrosanct.” He stressed that independent monetary policy benefits both Canadians and the global economy by ensuring sound, objective decision-making.
PIMCO Predicts Fed Could Begin Cutting Interest Rates in September
Tiffany Wilding of PIMCO said the Federal Reserve is closely watching economic data amid inflation and unemployment risks. With rising joblessness and stable long-term inflation expectations, she expects rate cuts to begin in September and potentially extend into next year.
Real Vision Founder Says Bitcoin Dominance Has Peaked, Altcoin Season Could Be Near
Raoul Pal, founder of Real Vision and former Goldman Sachs executive, believes Bitcoin dominance has peaked, supported by DeMark top signals across multiple timeframes. He observed progressively lower dominance peaks since 2017, indicating a possible market rotation toward altcoins and the beginning of a new altcoin season.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.