FameEX Morning Crypto News Recap | June 11, 2025
2025-06-11 04:38:15U.S. and Mexico Near Deal to Remove 50% Steel Tariff
The United States and Mexico are close to finalizing a deal to eliminate Trump’s 50% steel tariff, substituting it with an import limit based on past trade volumes.
India and U.S. Expected to Finalize Temporary Trade Deal
On June 10, Indian officials stated that India and the U.S. are likely to reach a temporary trade agreement by month-end after four days of talks. Future negotiations will address complex issues, aiming to finalize the first phase of a bilateral trade deal by September or October.
Bitcoin Network Activity Falls to 18-Month Low, CEX Volume Hits 4.5-Year Low
On June 10, CryptoQuant data revealed Bitcoin network activity dropped to 3.47k, the lowest in 1.5 years. Retail demand fell over 5%, with small transactions down. CEX spot trading volume also hit a 4.5-year low, returning to October 2020 levels.
Goldman Sachs: Tariffs to Slightly Affect May CPI, Core Inflation May Hit 3.5% by Year-End
On June 10, Goldman Sachs economists said tariffs may raise U.S. goods prices and overall inflation, with a mild effect on May’s CPI. They forecast core CPI inflation will rise to 3.5% by year-end, up from April’s 2.8%.
Traders Disappointed by Bitcoin’s Recent Price Action
Greeks.live reported that while traders recognize Bitcoin’s bullish trend, many are disappointed with price movements influenced by institutional activity near $105,000–$110,000. Despite strong momentum, traders cautiously hold bearish options, citing concerns about volatility pricing and possible market manipulation.
Public Firms Holding Bitcoin as Reserves Rise to 126
According to BitcoinTreasuries.net, 126 publicly traded companies now hold Bitcoin as a reserve asset—an increase of 22 firms in the past 30 days, reflecting a 3.25% growth. Collectively, these companies hold around 819,000 Bitcoins.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.