FameEX Morning Crypto News Recap | May 30, 2025
2025-05-30 03:57:21Trump Administration Optimistic About Tariff Appeal, Eyes New Trade Deals
White House economic advisor Hassett stated that the Trump administration has several options on tariffs and that the recent ruling won’t impact ongoing trade talks. He expressed confidence in a successful appeal and noted that additional trade agreements are expected to be announced in the coming weeks.
Trump Presses Powell for Rate Cut in First Meeting
Trump met with Federal Reserve Chairman Powell at the White House to discuss U.S. economic developments. According to the Fed, Powell refrained from commenting on monetary policy expectations and stressed that future policy decisions would depend on economic data. The White House reported that Trump urged Powell to cut interest rates, calling the failure to do so a mistake during their first face-to-face meeting.
U.S. Treasury Chief Hints at Key Agreements
On May 30, U.S. Treasury Secretary Bentsen said trade partners continue cooperating in good faith, with no recent attitude shifts. He added that several major agreements are expected to be finalized soon.
Santander Considers Stablecoins, Faces Industry Uncertainty
Banco Santander SA is exploring the expansion of crypto services to retail customers, including potential stablecoin products pegged to the dollar and euro. Though in early stages, this move aligns with other major banks—JPMorgan, Bank of America, Citigroup, and Wells Fargo—also considering stablecoin launches, encouraged by favorable regulatory changes under U.S. President Donald Trump.
Nvidia Overtakes Microsoft as World's Most Valuable Company
On May 29, 2025, rising stock prices pushed Nvidia past Microsoft to become the world's most valuable company. Nvidia's total market capitalization now ranks second only to gold, according to market data.
Tether Poised to Lead Global Bitcoin Mining with $2B Energy Investment
Tether CEO Paolo Ardoino announced at the Bitcoin 2025 conference that Tether has invested $2 billion in energy production and even more in Bitcoin mining, positioning the company to become the world’s largest Bitcoin miner by year-end.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.