FameEX Morning Crypto News Recap | August 28, 2025
2025-08-28 06:47:35Candidate shortlist for Fed Chair to be presented to Trump after Labor Day
U.S. Treasury Secretary Basent confirmed 11 candidates are in contention for Federal Reserve Chair. Interviews will start September 1, after Labor Day, with the final candidate list to be submitted to Trump.
EU Prepares Proposal to Lower Trade Barriers With U.S. to Satisfy Trump
The EU plans to fast-track legislation to scrap tariffs on U.S. industrial goods by August 31, seeking a U.S. reduction of car tariffs from 27.5% to 15%. Despite favoring America, Europe compromises to protect its vital automobile export sector.
CryptoQuant: Bitcoin Buy/Sell Ratio Falls to 7-Year Low, Signaling Short-Term Pressure
CryptoQuant’s latest report reveals Bitcoin’s 30-day moving average buy/sell ratio has fallen to its lowest since May 2018. Analyst CryptoOnchain cautions this sharp drop indicates mounting short-term selling pressure, signaling potential downside risks for the Bitcoin market despite broader bullish sentiment.
Bitcoin Market Structure Turns Fragile as Futures Leverage Falls
Glassnode’s August 27 weekly report shows Bitcoin spot market momentum weakening, with RSI entering oversold territory. Trading volume is steady but sluggish, reflecting weak buyer confidence. Meanwhile, futures open interest and leverage have dropped.
Early Bitcoin Holders Swap 3,968 BTC for 96,533 ETH
Onchain analyst Onchain Lens observed early Bitcoin investors transferring 3,968 BTC, valued around $437 million, into exchanges over two days, swapping them for 96,533 ETH at $4,588 each.
Survey Finds 27% of UK Adults Open to Adding Crypto to Retirement Portfolios
An Aviva survey reveals 27% of UK adults are open to adding cryptocurrencies to retirement portfolios, while 23% may withdraw pensions for crypto investments. Nearly 20% already hold or previously held digital assets.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.