FameEX Morning Crypto News Recap | June 13, 2025
2025-06-13 03:58:11US Customs Tax Revenue Soars to $23B - Up $17B From Last May
U.S. customs revenue hit a record $23 billion in May, rising $17 billion year-on-year and nearly quadrupling the annual growth rate, according to Treasury officials.
U.S. Senate Majority Leader Advocates for Mainstream Integration of Cryptocurrency
Senate Majority Leader John Thune emphasized that more Americans are adopting cryptocurrencies like stablecoins, highlighting their growing presence. He declared that crypto is here to stay and should now be integrated into the mainstream economy.
Trump Proposes Federal Reserve Reduce Rates by 200 Points
President Trump proposed a 200 basis point interest rate cut by the Federal Reserve. Meanwhile, sources indicate the administration will announce a new renewable fuel quota proposal this coming Friday.
Gold Rises on Soft U.S. CPI and Middle East Tensions
Gold prices have climbed due to weakening CPI data and rising Middle East tensions, surpassing a key short-term level. If sustained, further gains are possible. Meanwhile, investors remain uncertain about the broader market outlook.
Two-Thirds of Family Offices Set to Expand Private Equity Exposure
According to BNY Wealth, two-thirds of 282 global family offices managing over $1 billion plan to boost private equity allocations. Following the Bitcoin ETF launch and Trump’s crypto support, 74% have invested in or are considering digital assets.
Dollar Faces Potential Decline Amid Tariff Concerns
The Ballinger Group warned that tariff uncertainty may cause further dollar declines. The dollar has already dropped to a three-year low against major currencies and a three-and-a-half-year low versus the euro.
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