FameEX Morning Crypto News Recap | July 10, 2025
2025-07-10 06:24:36Federal Reserve Signals Possible Rate Cut Discussion in July Meeting
The Federal Reserve’s meeting minutes reveal that several participants are open to a rate cut in July, provided economic data unfolds in line with their expectations and forecasts.
Tariffs May Have Long-Term Inflation Effect, Fed Minutes Show
The minutes of the Fed’s June meeting show concern that persistent short-term inflation pressures could eventually seep into long-term expectations. Participants highlighted the importance of maintaining credibility and anchoring future inflation outlooks.
JPMorgan: Trump’s Tariffs Could Push U.S. Average Rate to 14.6%
JPMorgan economists estimate that Trump’s newly announced tariffs on 14 countries, effective August 1, will raise the average U.S. tariff rate from 13.4% to 14.6%. Deutsche Bank's independent analysis suggests the rate could surpass 18%.
Ethereum Spot ETFs See $46.63M Daily Inflow, BlackRock Leads
According to SoSoValue, Ethereum spot ETFs saw a net inflow of $46.63 million yesterday, marking the third consecutive day of inflows. BlackRock’s ETHA led with $25.29 million. Total net assets now stand at $11.03 billion, with a 3.52% ETF net asset ratio and cumulative net inflows reaching $4.51 billion.
Fitch: U.S. Stablecoin Law Could Mitigate Credit Risks and Boost Adoption
Fitch stated that upcoming U.S. stablecoin legislation may reduce key credit risks and help boost overall adoption and usage.
GameSquare Unveils Plan for $100M Ethereum Treasury
GameSquare Holdings announced board approval for a phased Ethereum treasury of up to $100 million. To fund the first phase, the company will sell 8,421,054 shares at $0.95 each, expecting approximately $8 million in gross proceeds before expenses.
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