FameEX Morning Crypto News Recap | July 7, 2025
2025-07-07 05:43:55Trump to Enforce Country-Specific Tariffs Starting August 1, 2025
U.S. Commerce Secretary Howard Lutnick announced that President Trump’s country-specific tariffs will begin on August 1, 2025, providing a buffer period for negotiations before the July 9 deadline for trade agreements.
Musk Suggests 'American Party' May Join Next Year's Midterm Elections
On July 6, Elon Musk suggested the 'American Party' would take part in the 2025 midterm elections. When users speculated that the party’s platform might include cutting debt, advancing AI, and deregulation, Musk confirmed the assumptions with a direct response: “That’s right!”
More Than 30.4% of Bitcoin Has Been Inactive for Over 5 Years
As of July 5, over 30.4% of Bitcoin has remained inactive in addresses for over five years, untouched.
54 Entities Acquire 8,434 Bitcoins Between Late June and Early July
NLNico data shows that between June 30 and July 4, 54 entities announced Bitcoin treasury purchases, collectively acquiring a total of 8,434 BTC.
Hong Kong’s Stablecoin Regulation Set to Take Effect on August 1, Drawing Market Attention
Hong Kong’s Stablecoin Regulation, effective August 1, is the first global comprehensive framework for fiat-backed stablecoins. Industry experts believe it will enhance policy openness, efficiency, and strategic positioning, fueling market optimism about the stablecoin sector’s growth and potential.
Glassnode Analyst Suggests Bitcoin Treasury Strategy Could Be Over
Glassnode's James Check stated that the Bitcoin treasury strategy has been shorter than anticipated and may be over. He emphasized the importance of long-term sustainability for companies and noted that new Bitcoin treasury firms face challenges, as investors tend to favor early adopters over newer entrants.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.