FameEX Morning Crypto News Recap | October 29, 2025
2025-10-29 04:02:25Trump Eyes Bessent for Federal Reserve Chair Role
On October 28, President Trump praised Treasury Secretary Bessent for his "very excellent" job and market reassurance. Trump is considering appointing him as Federal Reserve Chairman, but Bessent has expressed he does not want the position.
Bitcoin October Returns Are Turning Positive
Coinglass data: Bitcoin's current October return flips positive at 0.39%, far below the 21.89% historical average. In 12 years, only 2014 and 2018 saw negative October returns.
BlackRock CEO: Hold Crypto to Fight Currency Devaluation
BlackRock CEO Larry Fink advises holding cryptocurrencies to counter currency devaluation amid rising global insecurity. He calls crypto and gold "fear assets," effective hedges against inflation and devaluing fiat.
UK Crypto Firm KR1 Eyes LSE Debut in November
As the UK embraces crypto, Isle of Man-based KR1 plans to shift from Aquis to the London Stock Exchange main board next month—the first digital asset firm listing in years—to attract institutional investors.
French Parliament Proposes 420,000 Bitcoin Strategic Reserve
On October 28, UDR party leader Eric Jotti tabled a crypto-support bill in French Parliament. It proposes acquiring 2% of Bitcoin’s total supply (about 420,000 BTC) over 7-8 years, promoting euro stablecoins, allowing €200 daily tax-free crypto payments, and opposing the EU digital euro. With UDR holding just 16 of 577 seats, passage is extremely unlikely.
39% UAE High-Net-Wealth Own Crypto; 63% May Switch Wealth Management Institutions
Avaloq’s report reveals UAE high-net-worth investors far exceed global averages in crypto interest. 39% currently hold cryptocurrencies. 63% have switched or are considering new wealth management institutions, citing inadequate crypto asset services from current providers.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.