FameEX Morning Crypto News Recap | August 11, 2025
2025-08-11 03:28:38Trump Administration to Sign Executive Order Reviewing Bank Closures of Crypto Business Accounts
The Trump administration plans to sign an executive order directing federal banking regulators to review banks’ closures of cryptocurrency business accounts. Experts note meaningful changes depend on forthcoming regulatory details, while banks currently maintain a cautious, risk-averse stance toward cryptocurrency-related operations.
U.S. Treasury Secretary Looks for Successor to Fed Chairman Powell
On August 11, U.S. Treasury Secretary Bessent announced he is leading the search for a successor to Federal Reserve Chairman Powell.
Federal Reserve Governor Bowman Backs Interest Rate Cuts in Upcoming Meetings This Year
Federal Reserve Governor Bowman highlighted downward revisions in recent employment growth data, emphasizing the need for interest rate cuts. She argued that labor market weakness outweighs future inflation risks and expressed support for rate reductions in all three remaining Federal Reserve meetings this year.
Ethereum Overtakes Netflix and Mastercard in Market Cap, Now 25th in Global Asset Rankings
On August 10, 8marketcap data revealed Ethereum's price surpassed $4,300, with a market capitalization of $520.56 billion. This pushed ETH ahead of Netflix and Mastercard, ranking 25th in global asset market capitalization.
Ethereum's Market Value Exceeds $500 Billion, Qualifying for U.S. State Public Fund Investment Standards
Ethereum's market value surpassing $500 billion has met the public fund investment criteria in some U.S. states. New Hampshire passed a bill allowing up to 5% of public funds to be invested in cryptocurrency assets with a market cap exceeding $500 billion.
Analysts Project Ethereum Price Could Surge to $20,000 in the Next Year
Ethereum's price has recently broken multiple bullish patterns, sparking optimism among analysts. They forecast ETH could rise to $6,000 in the near future, with the potential to hit $20,000 within a year due to sustained market momentum and increased demand.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.