FameEX Morning Crypto News Recap | November 7, 2025
2025-11-07 03:31:55White House, Senate Tackle Crypto Market Structure Bill
White House crypto and AI head David Sacks reported constructive discussions with Senate Agriculture Committee Chairman John Boozman and Sen. Cory Booker on cryptocurrency market structure legislation. He expressed excitement over the progress achieved and anticipates introducing a bipartisan bill in the near future.
Trump Urges U.S. to Adopt Crypto and Halt Federal Assault
At Miami's American Business Forum, Trump urged the U.S. to lead in cryptocurrencies globally. He signed a historic executive order ending the federal government's war on cryptocurrencies, declaring the industry no longer under siege.
Fed Officials Predict Inflation Persisting Through 2026
Federal Reserve official Hamak forecasts elevated inflation persisting through 2026, while cautioning that the labor market could be softer than current data indicates.
72% of Top 100 Cryptocurrencies Are Down Over 50% From Their All-Time Highs
Galaxy Research reports that, as of November 6, 72 of the top 100 cryptocurrencies by market cap have declined 50% or more from their all-time highs.
Bitcoin Sell Wall Emerges Above $105K, Risking Resistance
CoinGlass monitoring reveals a prominent sell wall in the BTC spot order book heatmap just above $105,000. This dense cluster of sell orders could act as strong resistance.
Japan Becomes 11th Nation to Back Bitcoin Mining
According to investment firm VanEck, Japan has officially become the 11th country to support Bitcoin mining with government-led initiatives. This places Japan among a growing list of nations providing dedicated resources to the cryptocurrency mining sector.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.