FameEX Morning Crypto News Recap | June 6, 2025
2025-06-06 04:33:11Trump Expresses Displeasure Over Musk's Criticism of the 'Big and Beautiful' Bill
On June 5, House Speaker Mike Johnson revealed that President Trump is displeased with Musk’s criticism of the 'Big and Beautiful' bill. Johnson disagreed with Musk’s stance and tried to contact him. The White House acknowledged Musk's views but affirmed that Trump's support for the bill remains unchanged.
BTC Holders Shift Back to Accumulation Mode, Particularly Those Holding 10-100 BTC and Under 1 BTC
Glassnode data shows BTC holders have resumed accumulation after a short sell-off, with all wallet groups exhibiting buying behavior. The strongest accumulation is seen in groups holding 10-100 BTC and under 1 BTC, both scoring 1.0 for buying activity.
Trump’s Cryptocurrency Policy Draws Criticism and Controversy
President Trump's trade agreement with the UK boosted global market confidence, benefiting Bitcoin. However, the administration's deregulation of the cryptocurrency industry has sparked concerns about potential power concentration within the sector.
California Legislature Approves Bill Regulating Cryptocurrency Payments, Idle Coins to Become State Property
California's legislature passed AB 1052, allowing the state to seize cryptocurrencies unused for three years. The bill, now sent to the Senate for review, enables the state to claim cryptocurrencies in exchange accounts with no ownership actions—such as trading, deposits, or account access—within that time frame.
U.S. Court of Appeals Denies Apple’s Request to Halt App Store Reform
On June 5, court documents revealed that the U.S. Court of Appeals denied Apple’s request to suspend the App Store reform order in the Epic Games lawsuit.
Indonesia's Cryptocurrency Investors Hit 14.16 Million by April 2025
As of April 2025, Indonesia had 14.16 million cryptocurrency investors, up by 450,000 from March, according to the Financial Services Authority. The country's total trading volume for April reached 35.61 trillion Indonesian rupiah, marking a 9.7% month-on-month increase.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.