FameEX Morning Crypto News Recap | August 20, 2025
2025-08-20 04:38:08Federal Reserve’s Bowman Calls for Adoption of New Technologies by Banks and Regulators
Federal Reserve Governor Bowman emphasized that banks and regulators must adopt new technologies like artificial intelligence and cryptocurrencies to maintain their economic relevance, warning that failure to do so could diminish their role in the financial system.
Wyoming Introduces FRNT, the First State-Level Stablecoin in the U.S.
Wyoming has launched the Frontier stablecoin (FRNT), making it the first U.S. state to issue a state-backed stablecoin. FRNT is pegged to the U.S. dollar and supported by short-term government bonds.
Trump's Approval Rating Falls to 40%, Hitting New Low Since Returning to the White House
Recent polls reveal President Trump's approval rating has dropped to 40%, the lowest since his return to the White House. The Reuters/Ipsos poll shows a seven-point decline from 47% at the start of his term. Additionally, only 32% of Hispanic voters, who supported him in the previous election, approve of his performance, marking the lowest level of support from this group this year.
Bitcoin Options Premium Falls Sharply from $226 Million to $18 Million
On August 19, Glassnode reported that Bitcoin options premium hit a record $226 million on Friday, with 69% in call options. By Monday, the premium dropped to $18 million, with put options dominating. The market is now expecting a phase of stabilization or reduced volatility following this significant shift.
Institutional Investors Boost Ethereum Holdings During Market Downturn
Despite the market downturn, institutional investors are growing their Ethereum holdings. Two institutional wallet addresses recently received 9,044 ETH, valued at around $38 million, indicating sustained institutional confidence in Ethereum despite broader market challenges.
Greeks.Live: BTC Market Divergence, Traders Focus on the $112,000 to $130,000 Range
Greeks.Live highlighted a market divergence in Bitcoin trends. Some traders view BTC as weak, anticipating further declines, while others expect a rebound. The market is currently focused on the $112,000 to $130,000 range, with traders employing a double sell strategy to manage price fluctuations.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.