FameEX Morning Crypto News Recap | June 3, 2025
2025-06-03 05:54:41Trump Claims ‘Liberation Day’ Tariff Ruling Threatens to Wreck U.S. Economy
Trump warned that declaring his proposed 'Liberation Day' tariffs illegal would weaken the U.S. in global trade, potentially leading to the destruction of the American economy and a loss of strategic leverage.
Bitcoin Founder Satoshi Nakamoto Nearing Rank as World’s #2 Billionaire
If Bitcoin keeps rising 50% annually, Bloomberg's Eric Balchunas says Satoshi Nakamoto could surpass Warren Buffett this year and Mark Zuckerberg next year, potentially becoming the world’s second richest person.
Bank of America Forecasts Summer Dollar Dip, Boosting Gold and Bitcoin
Bank of America warns that trade policy uncertainty and high debt could weaken the dollar this summer. Slowing economic data and rising inflation expectations may limit Fed action. This environment could boost dollar-denominated assets like gold and Bitcoin.
Stablecoin Active Addresses Hit 33.1M in May; Circle CCTP Volume Sets Record
In May, stablecoin active addresses hit a record 33.1 million. Circle’s CCTP bridge also set a new high, with trading volume soaring 83.3% to $7.7 billion. CCTP enables near-instant cross-chain USDC transfers.
Bitcoin Spot ETFs Record $157M Weekly Outflow, Breaking Six-Week Inflow Streak
Bitcoin spot ETFs saw a $157 million net outflow last week, ending six straight weeks of inflows, according to SoSoValue. The largest outflow came from Ark Invest and 21Shares’ ARKB, which lost $282 million.
BTC Holds Steady Despite U.S. Tariff Impact
QCP Capital noted that despite U.S. tariff hikes on Chinese tech and steel imports and nearly $1 billion in crypto liquidations, BTC stayed above $102,000. Short-term volatility and leverage declined, with markets expecting BTC to trade between $100,000 and $110,000 unless new catalysts shift sentiment or direction significantly.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.