FameEX Morning Crypto News Recap | August 27, 2025

Fed Governor Cook Faces Dismissal After Trump Accuses Him of Forgery

Trump moved to dismiss Fed Governor Cook over alleged mortgage document forgery, escalating his push to control the Federal Reserve. The decision could enable a Fed Board reshuffle, allowing Trump to appoint new members and secure a four-person majority within the institution.

U.S. Consumer Confidence Slips to 97.4 in August Amid Rising Job Concerns

On August 26, the U.S. Consumer Confidence Index slipped to 97.4 as worries about employment prospects deepened. The expectations sub-index for the next six months declined further, and the present situation index hit its lowest level since April, highlighting weakening consumer sentiment and concerns about both future economic conditions and current job stability.

Trump Threatens Tariffs, Tech Export Curbs on Nations Imposing Digital Taxes

Trump vowed a hardline approach against nations imposing digital taxes, digital services laws, and market regulations. He warned that failure to withdraw such measures would trigger U.S. retaliation through steep tariffs on their exports and restrictions on advanced technology and semiconductor exports.

Fidelity Report Explores Ethereum’s Outlook Across Varying Market Conditions

Fidelity’s latest Ethereum report outlines three scenarios. In a bull market, Ethereum could transform social collaboration and trust, becoming central to global coordination. In the baseline case, it makes moderate improvements across financial and non-financial sectors, complementing traditional systems. In a bear market, Ethereum risks devolving into cyclical speculation, hindering meaningful product development.

Analyst Forecasts Ethereum Could Rally Back to $5,400

Analyst Mark Newton views Ethereum’s $4070 level as offering a favorable risk-reward ratio, with $4067 as key support. He predicts a potential bottom near $4300, followed by a rebound that could push Ethereum past $5100 and toward $5400–$5450, marking a significant bullish move.

UBS Notes Federal Reserve May Be Vulnerable to Political Challenges

UBS warned that Powell’s weak defense of Fed independence raises risks of politicization under Trump. Such a shift could heighten inflation uncertainty, lift borrowing costs by 1%, and trigger cascading effects on fiscal policy, government financing, and household savings stability.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.