FameEX Morning Crypto News Recap | November 12, 2025
2025-11-12 07:03:46Senate to Hold Hearing for Trump's CFTC Chairman Nominee, Michael Selig
Michael Selig, the SEC's chief crypto enforcement lawyer, has been formally nominated by President Trump to chair the CFTC. Selig will face a Senate confirmation hearing next week, where senators will question him regarding his appointment to lead the commodities regulator.
U.S. Government Shutdown Nears Its End as Gold Posts Largest Gain Since May
The imminent end to the U.S. government shutdown has triggered a major rally in gold, resulting in its largest single-day gain since May. The precious metal's price to approximately $4,140 per ounce.
U.S. Government Reopening, But Economic Data Release Still Delayed
Despite the U.S. government shutdown nearing its end, regular economic indicators will face delays. Nordea Bank's Marcus Widen highlights that post-restart, acquiring and verifying reliable statistical data remains challenging, prolonging release timelines.
Meme Coins and NFTs Rebound Strongly, NFT Market Cap Up Nearly 12%
Over the past week, NFT and Meme coin markets rebounded amid improved crypto risk sentiment. CoinGecko reports global NFT market cap rose from $3.5B to $3.9B (+12%). CoinMarketCap shows Meme coins grew from $47B to $52B (+11%).
White House Advisor Forecasts 3-4% Economic Growth by Early 2026
White House advisor Hassett says some economic surveys remain incomplete, but inflation trends are positive. He forecasts U.S. growth rebounding to 3%-4% by early 2026.
SoFi Breaks Ground: First U.S. National Bank to Offer Crypto Trading
On November 11, SoFi became the first U.S. national chartered bank to offer Bitcoin and cryptocurrency trading.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.