FameEX Morning Crypto News Recap | July 17, 2025
2025-07-17 04:44:09Fed’s Williams: Tariffs Add to Inflation, No Immediate Support for Rate Cuts
Federal Reserve’s Williams opposes a rate cut before this month’s FOMC meeting, citing inflation risks from new tariffs. He notes that Trump administration trade barriers have raised consumer goods costs, with prices likely to keep rising.
White House: Trump Could Soon Dismiss Fed Chair Powell
On July 16, White House officials revealed that President Trump may soon fire Fed Chairman Powell, though no specific timeline has been determined.
Eurozone GDP Could Suffer as EU Eyes Response to US Tariffs
The French Foreign Trade Bank warned that if no EU-U.S. agreement is reached by August 1, the EU will launch its first countermeasures, with a second round in planning. These trade tensions are expected to reduce Eurozone GDP growth in both 2025 and 2026.
Greeks.live Analyst Highlights Strong Bullish Sentiment for Ethereum, Focus on $3300 and $3400
Greeks.live macro researcher Adam reported strong bullish sentiment within the Ethereum community, with traders believing the correction is over. Focus is on key price levels of $3300 and $3400, while market attention is on large bullish options positions and deleveraging operations for future market insights.
Matrixport: Ethereum’s Surge Likely Fueled by Asia, ‘Crypto Week’ Enhances Market Sentiment
Matrixport's analysis shows Ethereum has risen 18% this month, with 17% of the gains from Asian trading sessions. In the past week, Bitcoin and Ethereum increased by 8% and 19%, respectively. The 'Crypto Week' and growing policy expectations are fueling positive market sentiment.
Bank of America CEO Anticipates Advancements in Stablecoin Sector
On July 16, Bank of America CEO Moynihan announced significant progress in stablecoin development. As the second-largest U.S. bank, Bank of America expects further advancements in the stablecoin sector and potential collaborations with other industry partners to drive growth and innovation in this field.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.