FameEX Morning Crypto News Recap | October 28, 2025
2025-10-28 04:43:55Federal Reserve Chair Candidates Narrowed to Five Finalists for Post-Thanksgiving Trump Review
On October 27, 2025, U.S. Treasury Secretary Scott Bessent announced the Federal Reserve Chairman candidates have been narrowed to five finalists. He aims to submit a strong shortlist to President Trump after Thanksgiving.
Gold Prices Dip Amid Positive Trade Sentiment, Yet Up Over 50% in 2025
Gold prices are falling due to growing trade optimism, reducing safe-haven demand, says Scope Markets’ Joshua Mahony. Despite expectations of Federal Reserve rate cuts, gold has still risen over 50% in 2025.
Bitcoin Price Surpasses Short-Term Holders’ Turnover Cost, Bull Market Cycle in Doubt
On October 27, 2025, crypto analyst Murphy noted Bitcoin’s price surpassed the short-term holders’ average turnover cost ($113,200) on October 26. This challenges claims of the bull market’s end, suggesting a macro-driven “new cycle.”
Altcoin Market Shrinks by $800 Billion as Retail Focus Shifts to Stocks, Says Bloomberg
Bloomberg reports an $800 billion altcoin market shortfall from historical predictions, driven by retail investors shifting to stocks. 10x Research notes South Korean investors favor crypto-related stocks, while Bitcoin gains from institutional inflows.
Western Union Launches Stablecoin Payment Pilot for 150 Million Users
Western Union is piloting a stablecoin-based settlement system for its 150 million customers, aiming to modernize remittances. CEO Devin McGranahan says it leverages blockchain to cut banking reliance, speed up settlements, and boost capital efficiency.
Morgan Stanley: Dollar to Fall as Federal Reserve Slashes Rates
Morgan Stanley strategists predict a dollar decline as Federal Reserve rate cuts outpace the European Central Bank’s. U.S. economic slowdown, trade uncertainties, and limited fiscal support weaken the dollar, while global fiscal concerns ease.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.