FameEX Morning Crypto News Recap | May 20, 2025
2025-05-20 02:09:34SEC Chairman Paul Atkins Pushes for the Drafting of Crypto Asset Rules
SEC Chairman Paul Atkins announced at a conference that he will promote new crypto asset regulations and back a unified custody system for securities and non-securities. He emphasized the SEC’s return to a stance of supporting innovation in the financial sector.
ECB’s Müller Suggests More Rate Cuts Could Be on the Horizon
On May 19, ECB board member Müller said future rate cuts remain possible but emphasized the need for clear justification. He noted it’s still uncertain whether a significant interest rate reduction is currently necessary.
Bostic Signals Preference for Just One Rate Cut This Year
Fed official Bostic said future rate cuts depend on economic developments, especially tariff details. He prefers just one rate cut this year, noting that fully understanding the impact of tariffs will take time.
$842M Flows into BlackRock ETF as Bitcoin Spot Products See Fifth Week of Inflows
Bitcoin spot ETFs recorded $604 million in net inflows last week, continuing a five-week positive trend. BlackRock’s IBIT alone attracted $842 million, pushing its total historical net inflow to $45.55 billion.
Strategy Boosts Bitcoin Holdings by 7,390 BTC at $103,498 Average Price
Between May 12 and May 18, Strategy acquired 7,390 bitcoins at an average price of $103,498, spending approximately $764.9 million to expand its holdings.
Tether Now Holds More U.S. Bonds Than Germany, Targets South Korea
On May 19, Tether CEO Paolo Ardoino announced that Tether's U.S. Treasury bond holdings have exceeded Germany's, with the next goal being to surpass South Korea's holdings.
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