FameEX Morning Crypto News Recap | February 27, 2025
Trump Imposes 25% Tariffs on Imports from the EU
President Trump revealed a 25% tariff on EU imports, with a focus on autos. He criticized the EU for allegedly aiming to undermine the U.S. The tariffs, announced during a Cabinet meeting on Wednesday, will impact a range of sectors, with particular emphasis on automotive imports.
SEC Wraps Up Investigation into OpenSea
The SEC has concluded its investigation into OpenSea, following accusations in August 2024 of trading unregistered securities. OpenSea CEO Devin Finzer hailed the outcome as a victory for innovators, with no further regulatory action being taken against the NFT marketplace.
US House Committee Pushes to Overturn IRS Tax Rules for DeFi
A U.S. House committee has moved to repeal IRS tax rules affecting decentralized finance (DeFi), which require protocols to report transactions like brokers. The crypto industry argues these rules are unfair, unenforceable, and could include entities that should not be subject to such reporting requirements.
A V-Shaped Bitcoin Rebound Would Validate Ongoing Bull Market Trends
On February 26, analyst PlanB suggested that a V-shaped rebound following the current decline would confirm the bull market’s continuation. He explained that bull markets typically see 20%-30% declines, followed by a quick V-shaped recovery.
Bitcoin’s Largest Holders Offload 25,740 BTC in the Past Week
IntoTheBlock revealed that addresses holding 10,000 to 100,000 Bitcoins sold 25,740 BTC last week. However, on-chain data suggests that Bitcoin addresses are generally accumulating, as many traders are taking advantage of lower prices to expand their BTC holdings despite the recent sell-off by large holders.
Nearly 3 Million Bitcoins in Unrealized Loss, Reaching Highest Point Since 2018
Foresight News reports 3 million bitcoins are facing unrealized losses, reaching the highest level since 2018.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.