FameEX Morning Crypto News Recap | June 4, 2025
2025-06-04 06:33:16Trump Approves 50% Tariff on Steel and Aluminum, Takes Effect Tomorrow
White House press secretary Levitt announced Trump will sign a tariff order today, imposing a 50% duty on steel and aluminum imports, which is scheduled to take effect starting tomorrow.
Trump’s Truth Social Seeks Approval for Bitcoin Spot ETF
Truth Social, under Trump Media & Technology Group, has submitted a Bitcoin spot ETF application through a partner on NYSE Arca. This pioneering move marks the first time a social media platform has entered the Bitcoin ETF.
U.S. Treasury Secretary: Biden Admin Policies Could Drive Cryptocurrencies to Extinction
Treasury Secretary Besant warned Biden’s policies are driving cryptocurrencies toward extinction, while President Trump plans to position the U.S. as a global leader in digital innovation and crypto development.
Institutions Added 417K BTC in 2025 as Retail Investors Shed 158K
Bitwise data reveals that since 2025, institutional investors have driven Bitcoin demand, accumulating 417,000 BTC, while retail investors reduced their holdings by 158,000 BTC.
Bitcoin Holders Averaging 16% Profit Post-All-Time High Breakout
On June 3, Glassnode reported Bitcoin surpassed its all-time high, pushing average profit per BTC to around 16%. Investors are now actively taking profits.
Lee Jae-myung Wins South Korean Presidency, Vows to Back Crypto Spot ETF
On June 3, Democratic Party candidate Lee Jae-myung was elected President of South Korea. He pledged to promote a cryptocurrency spot ETF and proposed launching a Korean won-backed stablecoin.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.