FameEX Morning Crypto News Recap | July 16, 2025
2025-07-16 03:28:32Trump’s Upcoming Speech on Artificial Intelligence to Reinforce U.S. Global Position
President Trump will deliver a major AI policy speech at the "Winning the AI Competition" event on July 23, unveiling his strategy to maintain U.S. leadership in artificial intelligence. His administration is finalizing an AI action plan initiated after his January inauguration.
10 Ethereum Funds Acquire 550,000 ETH in the Last 30 Days, Worth $1.65 Billion
Kyle Reidhead, co-founder of Milk Road, revealed on July 15 that 10 Ethereum funds purchased over 550,000 ETH worth approximately $1.65 billion in the past 30 days, with the buying pace accelerating, according to his post on the X platform.
JPMorgan, Citigroup Eye Involvement in Stablecoin Business
JPMorgan Chase CEO Jamie Dimon acknowledged skepticism toward stablecoins but emphasized the bank’s involvement due to fintech competition. On the same day, Citigroup executives revealed they are considering launching a Citi stablecoin and exploring opportunities in tokenized deposits and cryptocurrency custody.
Bitcoin Price Predicted to Reach $160,000 by Year-End, Says 10x Research
Markus Thielen, head of research at 10x Research, predicted that Bitcoin could reach $133,000 following a breakout signal on July 10. He expects short-term consolidation before the price rises to $133,000, with a year-end target of $160,000.
Deutsche Bank: Bitcoin Volatility Decline Signals Market Maturity
Deutsche Bank noted that as Bitcoin gains mainstream acceptance and adoption by businesses, retail investors, and governments, its volatility is likely to continue decreasing. This decline in volatility signals market maturity, with regulatory clarity, wider adoption, and long-term investment behavior contributing to Bitcoin's increased stability.
Bank of America Survey: Fed Likely to Cut Rates Twice in 2025
A Bank of America survey in July revealed that 47% of global fund managers expect the Federal Reserve to cut interest rates twice in 2025. Approximately 34% anticipate a single rate cut, 10% foresee no change, and 8% predict three cuts. Only 1% expect more than three cuts, with the current federal funds rate at 4.25%-4.50%.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.