FameEX Morning Crypto News Recap | May 23, 2025
2025-05-23 03:46:11Trump Announces Key Bill Passed by House, Featuring Multiple Tax Relief Provision
Trump celebrated the passage of "THE ONE, BIG, BEAUTIFUL BILL" in the House of Representatives, describing it as "the most important legislation in American history." The bill includes tax cuts, exemptions, tax deductions for U.S.-made vehicles, enhanced border security, pay raises for border personnel, and Trump Savings Accounts for newborns.
Federal Reserve Likely to Cut Interest Rates in H2 2025
On May 22, Fed Governor Waller said interest rates could be lowered in late 2025 if tariff pressures ease significantly.
Bitcoin Hits Record High Despite Drop in Google Trends Interest
Despite Bitcoin hitting a new all-time high, Google Trends data shows declining interest. El Salvador leads in search volume, likely due to its significant national Bitcoin holdings and ongoing crypto adoption efforts.
Analyst Says Bitcoin Fund Inflows Indicate Steady Market Trend
On May 22, crypto analyst Willy Woo noted that Bitcoin fund inflows are displaying an unusually stable pattern, suggesting large-scale institutional investors may be consistently applying a dollar-cost averaging strategy involving billions of dollars.
ECB Minutes: Inflation Nearly Tamed, More Rate Cuts on Table
The European Central Bank’s meeting minutes show eurozone inflation is nearly under control, despite short-term trade tension effects. After a seventh rate cut last month, the ECB warned U.S. tariffs could harm growth and signaled another rate cut may come in June.
Singapore's Crypto Awareness Hits 94% as Holding Rate Falls to 29%
On May 22, it was reported that 94% of Singaporeans are aware of cryptocurrency, though the holding rate fell from 40% to 29% year-over-year. Bitcoin remains the most popular, held by 68% of investors, with 86% recognizing its monetary or investment value, according to the survey.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.