FameEX Morning Crypto News Recap | July 3, 2025
2025-07-03 05:56:28Trump: Vietnam to Face 20% Tariff on Exports to U.S. and Fully Open Its Market
U.S. President Trump announced a trade agreement with Vietnam. Vietnam will pay a 20% tariff on goods entering the U.S. and a 40% tariff on transshipped goods. In exchange, Vietnam will fully open its market to U.S. products, allowing them to be sold tariff-free.
U.S. Billionaires Seek Banking License to Back Cryptocurrency Startups
A group of Silicon Valley billionaires is seeking a banking license to launch a nationwide bank supporting cryptocurrency startups and innovative businesses. Following the 2023 collapse of Silicon Valley Bank, funding access has tightened. The new bank will provide both traditional and digital currency services to fuel the innovation economy.
CryptoQuant: Bitcoin Needs to Climb to $140,000 to Match Long-Term Holder Profitability
According to CryptoQuant, Bitcoin must reach $140,000 for long-term holders to match 2024 profit levels. The current average realized profit is 220%, compared to 300% in March and 350% in December 2024. Long-term holders have an average cost basis of approximately $33,800.
Mainstream Currency Funding Rates Settle Back to Neutral
Coinglass data reveals that funding rates on major CEX and DEX platforms have returned to neutral, signaling an end to the fully bearish trend. Funding rates help align contract prices with underlying asset prices, maintaining market balance in derivatives trading.
Scaramucci Says Corporate Bitcoin Hoarding Will Decline
Anthony Scaramucci, founder of SkyBridge Capital, believes the trend of public companies adding Bitcoin to their balance sheets is temporary. He predicts it will fade as investors question paying a premium for such stocks instead of simply buying Bitcoin directly themselves.
Standard Chartered Forecasts Bitcoin to Hit $200K by Year-End
Standard Chartered Bank forecasts Bitcoin to reach $135,000 in Q3 and potentially climb to $200,000 by year-end, driven by strong ETF inflows and corporate buying. The bank notes the market has diverged from the traditional 18-month post-halving correction pattern. However, short-term volatility may still arise between the end of Q3 and the start of Q4 despite the bullish outlook.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.