FameEX Morning Crypto News Recap | June 5, 2025
2025-06-05 07:09:53Trump and Warren Agree: Scrap the Debt Ceiling to Prevent Economic Collapse
On June 5, President Trump announced a consensus with Senator Warren to eliminate the debt ceiling, warning that leaving it to politicians is too risky. He argued that removing the cap is necessary to prevent economic disaster and protect both the U.S. and global economies from potential fallout.
Fed Beige Book: Modest Price Increases Amid Slight Economic Slowdown
The Fed's Beige Book notes moderate price increases, with mixed regional economic outlooks—some areas worsened while others improved. Overall, economic activity slightly declined across the 12 Federal Reserve districts since the last report.
SEC to Develop Cryptocurrency Policies via Open Public Process
On June 4, SEC Chairman Paul Atkins announced that cryptocurrency policies will be created through a public rule-making process, not enforcement actions. He emphasized using a “notice and comment” approach to encourage public input and ensure transparency in shaping future crypto regulations.
Canada’s Prime Minister Warns of U.S. Tariff Countermeasures
On June 5, Canadian Prime Minister Carney warned that if talks to remove tariffs fail, Canada is ready to impose retaliatory measures against the United States in response.
Bitcoin Falls Below Top 25 in Google Searches as Interest Declines
Google search trends for Bitcoin have dropped below 25th place, signaling waning retail investor interest. This decline aligns with historically low volatility, as the Bitcoin Volatility Index (DVOL) remains just above 40—its lowest in over two years.
Financial Advisors Control 20% of Spot Bitcoin ETF Holdings
Bloomberg ETF analyst Eric Balchunas revealed that financial advisory firms currently hold about 20% of spot Bitcoin ETF assets, based on 13F filings. He expects this share could grow to 35–40% as adoption increases.
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