FameEX Morning Crypto News Recap | June 17, 2025
2025-06-17 04:12:56US Senate to Vote on GENIUS Act, Paving Way for Stablecoin Advancements
On June 16, Bernstein reported that the US Senate will vote on the GENIUS Act this week. Expected to become law in months, the bill aims to restore stablecoin innovation in the US, giving regulated domestic issuers a significant first-mover advantage.
EU Rejects U.S. Tariffs, Dismisses 10% Tariff Acceptance as Speculative
On June 16, the European Commission reaffirmed the EU's longstanding opposition to U.S. tariffs, calling them unreasonable and illegal. It dismissed reports of accepting a 10% tariff as speculative and not representative of ongoing negotiations.
Bitcoin Spot ETFs Record $1.37B Inflow and $14B Trading Volume Last Week
On June 16, Trader T reported a $1.369 billion net inflow into Bitcoin spot ETFs over the past week, with total trading volume reaching $14 billion. BlackRock led with $1.115 billion, followed by BITB ($83M), FBTC ($80M), and HODL ($29M) in inflows.
Poll Finds 55% of U.S. Adults Disapprove of Trump’s Presidential Performance
On June 15, an NBC poll showed 55% of American adults disapprove of Trump’s presidential performance, while 45% approve. Additionally, 60% oppose his tariff policy, 61% disapprove of his handling of inflation and cost of living, and 56% disapprove of his college policies. However, 51% support his immigration and border security stance.
Gold Enters High-Risk Zone, Driven by Geopolitical Tensions and Rate Cut Outlook
Ongoing missile exchanges between Iran and Israel over the weekend, with no ceasefire in sight, pushed gold into a high-risk zone. Meanwhile, CTA net short positions dropped below 30,000 contracts, reflecting growing market uncertainty about future gold trends.
Fed May Leverage Oil Price Surge to Counter Trump’s Rate Cut Pressure
Dutch analyst Francesco Pesole noted that the Fed may take a cautious approach to rate cuts at Wednesday’s meeting, though this might not strengthen the U.S. dollar. Rising oil prices from the Israel-Iran conflict could justify resisting Trump’s pressure for rate reductions.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.