FameEX Morning Crypto News Recap | July 21, 2025
2025-07-21 08:55:28First-Ever Cryptocurrency Report Set for Release by the White House
The White House will release its first cryptocurrency policy report on July 22, following Executive Order No. 14178's directive for regulation.
August 1 Declared as Deadline for Tariff Imposition by U.S. Commerce Secretary
U.S. Secretary of Commerce Raimondo announced that August 1 is the deadline for imposing tariffs, with small countries required to pay a baseline tariff of 10%.
Trump’s Hardline Stance on Tariff Discussions
The EU envoy will meet U.S. President Trump as early as this week as Trump stance on tariff negotiations grows tougher ahead of the August 1 deadline. Despite a general preference for continuing talks, there has been limited progress since last week. Negotiations will continue over the next two weeks.
U.S. Treasury Deputy Secretary Foresees Trillion-Dollar Stablecoin Demand
U.S. Deputy Secretary of the Treasury, Michael Faulkender, predicts stablecoin demand will reach trillions of dollars in the near future.
Bitcoin Hits 43.06% Share of Social Media Conversations
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.
Tim Draper Foresees Dollar Disappearing in 10-20 Years, Bitcoin Fueled by Macroeconomics
Tim Draper, founding partner of Draper Associates, predicts that macroeconomic factors like the dollar's devaluation will lessen Bitcoin's halving cycle impact. He foresees the dollar disappearing in 10-20 years. As Bitcoin reaches historical highs, the Dollar Index (DXY) continues its decline.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.