FameEX Morning Crypto News Recap | June 27, 2025
2025-06-27 04:48:57Trump Mulls Early Announcement of Fed Chair Nominee
Unhappy with the Fed’s reluctance to cut interest rates, Trump is considering announcing a successor to Chairman Powell before his term ends in 11 months. Sources say Trump may reveal his pick as early as this summer, with a possible announcement in September or October.
House Passes Bill to Boost Blockchain Technology in the U.S.
The U.S. House passed the U.S. Blockchain Act, tasking the Department of Commerce with promoting blockchain technology. The bill directs the agency to boost U.S. competitiveness, coordinate adoption across federal agencies, issue guidelines, and support open-source blockchain infrastructure.
U.S. Plans Infrastructure for Strategic Bitcoin Reserve
White House advisor Bo Hines confirmed the U.S. is developing infrastructure for a strategic Bitcoin reserve, aiming to grow its holdings gradually in a budget-neutral way without increasing government spending.
Asian Currencies Rise on Fed Rate Cut Hopes
Asian currencies, including the Singapore dollar, have strengthened amid expectations of two Federal Reserve rate cuts next year. MUFG Bank's Lloyd Chan cites disappointing U.S. economic data, including a drop in new home sales, and reduced safe-haven demand for the dollar following a ceasefire between Iran and Israel as key factors.
JPMorgan Warns Tariffs Could Trigger U.S. Stagflation and 40% Recession Risk
JPMorgan’s mid-year outlook highlights concerns that U.S. tariffs may dampen global growth and reignite inflation, prompting a downgrade of the 2025 U.S. GDP forecast from 2% to 1.3%. Nonetheless, analysts remain bullish on U.S. equities, citing robust consumer spending and economic resilience despite persistent policy uncertainties and external economic risks.
Bitcoin’s Crucial Support Zone Holds Between $93K and $100K
Glassnode analysis reveals Bitcoin’s key support lies between $93,000 and $100,000, with steady accumulation since Q1. Despite short-term volatility, the broader market structure remains bullish.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.