FameEX Morning Crypto News Recap | October 22, 2025
2025-10-22 03:40:10Trump Announces Fed Chair Powell Will Resign
President Trump claims Fed Chair Powell will resign and pointed "hardliners" at the central bank who he says believe interest rates are too high.
Fed Governor Welcomes DeFi Input on US Payments Future
Federal Reserve Governor Christopher Waller announced a significant shift in the Fed's stance toward DeFi. He stated the industry is no longer met with suspicion, but is now welcomed to participate in discussions on the future of U.S. payments.
BlackRock Lures Bitcoin Whales to Wall Street
According to Bloomberg, major Bitcoin holders are moving wealth from blockchain to Wall Street. New spot Bitcoin ETFs are providing crypto billionaires a regulated pathway to integrate their digital assets into the traditional financial system.
Tether Commemorates 500 Million USDT Users with Launch of Kenyan Documentary
On October 21, Tether announced it has reached 500 million individual USDT users. To celebrate this milestone, the company released a short documentary filmed in Kenya, highlighting how the stablecoin provides local users with freedom, stability, and hope.
Over 200 Cryptocurrency ETPs Projected to Launch Globally in the Coming Year
On October 22, analysts Nate Geraci and Eric Balchunas reported 155 active crypto ETP applications tracking 35 digital assets. They project over 200 such products will launch in the next 12 months, describing this rapid expansion as a "beach landing" style of growth.
Glassnode Notes 30% Bitcoin Open Interest Decline, Clearing Excessive Leverage
According to Glassnode, Bitcoin's open interest fell roughly 30% following the October 11 market crash. This effectively cleared excessive leverage from the market. As funding rates normalize, the risk of a cascading liquidation spiral has been significantly reduced.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.