FameEX Morning Crypto News Recap | May 21, 2025
2025-05-21 06:44:19SEC Chair Paul Atkins Vows to Strengthen Crypto Regulation Transparency
On May 20, 2025, SEC Chairman Paul S. Atkins testified before the House Financial Services and General Government , pledging to prioritize improved regulatory transparency and accountability within the SEC, with a strong focus on digital assets.
U.S. Crypto Market Bill Gains Democratic Lawmaker Support
Former House Financial Services Chair Patrick McHenry said more Democratic lawmakers are backing the cryptocurrency market structure bill. He noted that further updates on the legislation will be shared in the near future.
Fed’s Musalem Says Inflation Cooling but Still Elevated
On May 21, Fed’s Musalem said inflation has eased but remains above the 2% target, stressing that policy must prioritize price stability if expectations become unstable.
Market Enters Third Bull Cycle Consolidation, Echoing 2018 Pattern
On May 20, CryptoQuant analyst Axel Adler Jr noted that the market is undergoing its third consolidation phase in the current bull cycle, resembling 2018’s pattern. He emphasized that the market's next moves will soon indicate the strength of this consolidation phase.
Bitcoin Breaks $100K Amid Low Volatility and Volume
K33 Research reported that despite Bitcoin surpassing $100,000, volatility and trading volume remain low. However, rising yields and growing open interest on the Chicago Mercantile Exchange suggest increasing institutional demand for long positions.
BlackRock Could Be Top Bitcoin Holder by Next Summer
Bloomberg ETF analyst Eric Balchunas stated that BlackRock's Bitcoin holdings have reached 57% of Satoshi Nakamoto's. If Bitcoin reaches $150,000 in the coming months, increased purchases by financial advisors could accelerate BlackRock’s rise to become the largest Bitcoin holder worldwide.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.