FameEX Morning Crypto News Recap | July 24, 2025

U.S. Government Unveils AI Action Plan, Led by Trump’s Three-Pillar Strategy

The U.S. government launched the AI.Gov website to unveil the American AI Action Plan. Led by President Trump, the plan centers on a three-pillar strategy: accelerating innovation, developing AI infrastructure, and strengthening international leadership in AI diplomacy and security.

Trump Says Tariffs Will Only Be Lowered If Market Opens

On July 23, President Trump stated that tariff reductions would occur only if the national market is open.

U.S. President’s Digital Asset Working Group Finishes Report, Set for Release on July 30

Bo Hines, executive director of the U.S. President's Digital Asset Advisory Committee, announced that the President's Digital Asset Working Group has completed a 180-day report, which will be made public on July 30.

Goldman Sachs: Trade Agreements Did Not Substantially Boost the Dollar

On July 23, Goldman Sachs stated that while recent trade agreements have reduced uncertainty around the dollar, there is limited potential for a rebound. The firm added that increasing tariffs will continue to weaken the dollar's strength.

Wall Street Firms Boost ETH Holdings as Strategic Reserve Asset

A competition called the "Ethereum version of MicroStrategy" is emerging on Wall Street, led by Ethereum co-founder Joseph Lubin and strategist Tom Lee. Publicly listed companies like SharpLink Gaming, Bitmine, and The Ether Machin are significantly increasing their Ethereum holdings as a strategic reserve asset.

Deutsche Bank: Trump Pushes for Rate Cuts, Asserts Firing Powell Would Not Solve Issues

Last month, U.S. President Trump urged Federal Reserve Chairman Powell to cut interest rates, citing the rising cost of federal debt. However, Deutsche Bank's analysis suggests that firing Powell and forcing rate cuts would be ineffective. While short-term Treasury yields have fallen, long-term yields have risen due to inflation concerns. Deutsche Bank's calculations indicate that if Powell were fired, the Treasury would only save $12 billion to $15 billion by 2027.

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