FameEX Morning Crypto News Recap | October 7, 2025
2025-10-07 06:24:23Bitcoin Hits Record High Amid U.S. Government Shutdown
On October 7, the U.S. government shutdown led investors to seek safe-haven assets, pushing Bitcoin to a historic high. The shutdown also caused the U.S. Bureau of Labor Statistics to delay the non-farm payroll data release.
U.S. Government Shutdown Disrupts Crypto Industry, Limits SEC and CFTC Operations
Due to the U.S. government's shutdown caused by Congress's failure to pass a funding bill, many federal employees are on leave. The ongoing impasse between Republicans and Democrats has disrupted the operations of financial regulatory bodies like the SEC and CFTC, impacting their activities.
RSM Economist: Fed Rate Cuts Likely to Have Minimal Impact on Economic Growth
RSM economist Joe Brusuelas highlighted that the Fed's current interest rate cuts may have a smaller economic impact than before. Many homeowners have locked in lower mortgage rates, and mortgage rates would need to fall substantially to improve household finances and stimulate broader economic activity.
Standard Chartered Forecasts Over $1 Trillion Outflow from Emerging Market Banks into Stablecoins by 2028
Standard Chartered Bank forecasts that by 2028, more than $1 trillion will move from emerging market banks into stablecoins, driven by growing demand for dollar-pegged crypto assets. As payment networks and core banking services increasingly transition to the non-bank sector, the global adoption of stablecoins is expected to accelerate significantly.
Analyst Predicts $108,000 to $118,000 as Potential Key Support Zone for Bitcoin
Crypto analyst CrediBULL Crypto believes Bitcoin has surpassed its previous high and is entering a new phase toward $150,000. However, a pullback to the $108,000 to $118,000 range is expected, which could act as a strong demand zone.
BlackRock Set to Launch Bitcoin ETP in the UK, Listing Expected Post-October 8th
On October 6th, reports indicated that BlackRock plans to launch a Bitcoin ETP in the UK this week. Following the FCA lifting its ban, the iShares Bitcoin ETP is expected to list on or after October 8th.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.