FameEX Morning Crypto News Recap | October 14, 2025

Macroeconomic Outlook: Federal Reserve's Key Communication Period, Initial Jobless Claims on the Horizon

The recent volatility in cryptocurrencies and stocks has led investors to flock towards safe-haven assets like U.S. Treasury bonds and gold. This week, the market will remain focused on developments surrounding the U.S. government shutdown and the potential for further interest rate cuts by the Federal Reserve. A prolonged shutdown could result in delays for the release of key economic data.

Several important events are scheduled for this week. On Tuesday, a series of Federal Reserve officials will deliver speeches, including Philadelphia Fed President Harker (a 2026 FOMC voter), Fed Governor Bowman, and Fed Chair Powell, who will speak at an event hosted by the National Association for Business Economics. Additionally, Federal Reserve Governor Waller will participate in a panel on payments organized by the Institute of International Finance, and Boston Fed President Collins (a 2025 FOMC voter) will also speak.

Thursday will feature more key events, with Fed Governor Mester speaking at the Nomura Research Forum. The Federal Reserve will also release its Beige Book, which provides a summary of economic conditions across the U.S. Moreover, initial jobless claims for the week ending October 11 will be reported. These events will be closely watched by the market for further insights into the Federal Reserve’s stance and the broader economic outlook.

Mike Selig Nominated by White House as CFTC Chairman

On October 13, the White House will announce Mike Selig as the nominee for chairman of the Commodity Futures Trading Commission (CFTC). Currently serving as the chief legal advisor for the SEC's cryptocurrency working group, Selig is seen as the ideal candidate to coordinate regulations between the SEC and CFTC.

Approval Process for Spot Crypto ETFs Expected to Begin After U.S. Shutdown

ETF Store President Nate Geraci stated that approval for spot cryptocurrency ETFs may begin once the U.S. government shutdown ends. He highlighted that political issues and the fiscal deficit have delayed the process, noting that these are the very problems cryptocurrencies seek to resolve.

Forbes: Trump Could Be One of the Largest Bitcoin Investors in the U.S., Holding $870 Million

U.S. President Trump's indirect Bitcoin holdings are tied to his stake in Trump Media & Technology Group (TMTG). Despite TMTG's low annual revenue of under $4 million, the company has a multi-billion-dollar market capitalization. In July, TMTG purchased $2 billion worth of Bitcoin. Trump's stake in the company has decreased from 52% to 41%, with estimates suggesting his Bitcoin holdings are worth around $870 million. 

Strategy Boosts Holdings by $27.2 Million with 220 BTC, Total Now at 640,250 BTC

Strategy announced on X that it increased its holdings by $27.2 million, acquiring 220 BTC at an average price of $123,561. As of October 12, 2025, the company holds 640,250 BTC, with a total cost of approximately $47.38 billion and an average price of $74,000. Its BTC return rate for 2025 is about 25.9%.

BitMine Holds Over 3 Million ETH, Valued at Approximately $12.52 Billion

BitMine acquired 202,037 Ethereum (ETH) for roughly $834.26 million last week. This brings its total Ethereum holdings to 3,032,188 ETH, with a combined value of approximately $12.52 billion.

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