FameEX Morning Crypto News Recap | February 6, 2025

US Banking Sector Could Boost Cryptocurrency Collaboration with Support from Trump Administration

The U.S. banking industry is poised to expand cryptocurrency collaboration with support from the Trump administration. The FDIC is revising guidelines, allowing banks to engage in crypto business without prior approval. Major institutions like JPMorgan and Goldman Sachs are exploring blockchain and crypto services, while the FDIC considers easing regulations for custody and tokenized deposits.

Significant Shifts in Bitcoin Trading Behavior After Trump’s Inauguration

A February 5 study by 10xresearch revealed that Bitcoin prices have remained stable over the past month. Since Trump’s inauguration on January 20, European trading hours saw significant buying activity, while U.S. trading hours experienced consistent selling.

MicroStrategy Rebrands to "Strategy," Emerges as the World’s Largest Bitcoin-Focused Finance Company

MicroStrategy (NASDAQ: $MSTR) has rebranded as Strategy™, establishing itself as the world’s largest Bitcoin financial company. It continues to hold its position as the largest independent listed business intelligence firm and remains a component of the Nasdaq 100 Index.

The US-China Tariff Dispute Remains a Central Concern for the Crypto Market

QCP Capital observed that the meeting with cryptocurrency czar David Sacks failed to meet market expectations. The persistent US-China trade tensions continue to pose significant risks, particularly in the context of global market instability. While the delay in tariffs on Mexico and Canada offered some relief, the US-China conflict remains a key concern for the crypto market.

Crypto Asset Market Value Keeps Growing in 2024

Citibank's latest report indicates that as the crypto market matures and attracts more institutional investors, Bitcoin’s correlation with stocks will decrease, reducing its volatility. The report also advises tracking Bitcoin’s correlation with gold, as this could reflect its evolving role as a store of value.

BlackRock Set to Introduce Bitcoin ETF in Europe

Bloomberg analyst James Seyffart indicated that BlackRock may launch a Bitcoin ETF in Europe, potentially replicating the strategy it used in Canada, according to Emily Nicolle.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​