FameEX Morning Crypto News Recap | July 18, 2025
2025-07-18 05:12:57Trump to Impose 10% to 15% Tariffs on 150 Countries
President Trump announced plans to impose 10-15% tariffs on smaller countries, with a significant tariff policy update expected on August 1. This marks the start of a broader strategy, with a single tariff number for 150 countries to be released.
Trump to Sign Executive Order Enabling 401(k) Investments in Cryptocurrencies and Non-Traditional Assets
President Donald Trump plans to sign an executive order enabling 401(k) retirement accounts to invest in cryptocurrencies, gold, private equity, and other non-traditional assets. This move seeks to expand the $9 trillion retirement market by allowing broader access to alternative investments.
Ethereum Surpasses Bitcoin in Perpetual Contract Trading Volume
Ethereum's perpetual contract trading volume hit $90.82B, surpassing Bitcoin's $82.93B for the first time, making ETH the market leader.
U.S. Senator Warren Cautions That Firing Powell Could Trigger Market Collapse
Senator Warren warned on July 17 that firing Federal Reserve Chairman Powell could lead to a market crash.
Altcoins Could Reach $2.78 Trillion Market Cap as Bitcoin Dominance Diminishes, Analysis Predicts
The cup and handle pattern in altcoins suggests their market capitalization could reach $2.78 trillion, signaling an approaching "altcoin season." Bitcoin's dominance has dropped below key moving averages, indicating that altcoins may outperform Bitcoin in the short term.
JPMorgan Analyst: Belief that Federal Reserve is Unaffected by Political Pressure is a Myth
JPMorgan analyst Ilan Benhamou dismissed the idea that the Federal Reserve is unaffected by political pressure. He believes that the U.S. stock market could continue rising, driven by expectations of imminent interest rate cuts. Benhamou advised clients to remain bullish on the S&P 500 and volatility index, as investors are increasingly funding risk assets like cryptocurrencies and AI.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.