FameEX Morning Crypto News Recap | February 20, 2025
2025-02-20 16:56:30
Fed Worries About Inflationary Risks from Trump’s Policies
Federal Reserve policymakers raised concerns on February 20 about inflation risks stemming from Trump’s initial proposals following his January 20 inauguration. Recent indicators suggest rising inflation expectations, prompting heightened attention from the Federal Reserve.
Trump Introduces Tariffs on Multiple Industries
President Trump intends to unveil tariffs on multiple industries, such as automobiles, semiconductors, chips, pharmaceuticals, and possibly timber, in the coming weeks.
Bitcoin ETF Holdings Anticipated to Hit 40%
Eric Balchunas, Bloomberg’s senior ETF analyst, highlighted that 13F filing institutions now hold 25–30% of most Bitcoin ETFs. He predicts that this ratio could increase to the 40% benchmark seen in gold ETFs (GLD), leaving potential for 10–15% additional growth.
Ethereum Transaction Fees Reach Four-Year Low Amid Bitcoin Activity Drop
On February 15, Ethereum’s seven-day average transaction fee fell to $0.77, a 70% drop from $2.57 the prior week, reaching its lowest point since July 2020. Simultaneously, Bitcoin network activity declined to a 12-month low, with transaction volume decreasing by 55% from its peak.
Bitcoin Mining Creates More Than 31,000 Jobs Across the U.S. Economy
A Perryman Group report reveals that Bitcoin mining sustains over 31,000 jobs in the U.S., contributing $4.1 billion annually to the economy. With 40% of the global hash rate, the U.S. remains a major player in Bitcoin’s decentralized network.
The EU Authorizes 10 Stablecoin Issuers, Excluding Tether
Under the EU’s Markets in Crypto Assets (MiCA) regulatory framework, ten firms gained approval to issue stablecoins. Approved entities include Banking Circle, Circle, Crypto.com, Fiat Republic, Membrane Finance, Quantoz Payments, Schuman Financial, Societe Generale, StabIR, and Stable Mint. However, Tether, the largest stablecoin issuer by market cap, was not included.
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