FameEX Morning Crypto News Recap | April 7, 2025
2025-04-07 01:35:21Gold and Nasdaq Futures Decline: 2% and 4.6% Respectively
On April 7, spot gold fell 2% to $2977.76 per ounce. U.S. stock index futures saw sharp declines: Nasdaq 100 index futures dropped 4.6%, S&P 500 fell 3.8%, and Dow futures decreased 3.4%.
Trump Maintains Hardline Stance on Tariff Policy
On April 6, U.S. Treasury Secretary Besant stated that, as of Sunday morning, President Trump showed no willingness to offer concessions on the new tariff issue.
This Week U.S. to Release Key Economic Data Including CPI and PPI
Key U.S. Economic Events This Week:
April 9 , U.S. Equivalent Tariffs Take Effect.
April 10, 2:00 AM GMT+8 – Fed Meeting Minutes Released, offering insights into future rate decisions. 8:30 PM GMT+8 – March CPI Data.
April 11, 8:30 PM GMT+8 – March PPI Data.
Bitcoin Spot ETFs Experience $175 Million Outflow Last Week, $13 Billion in Trading Volume
On April 6, Trader T reported $175 million in net outflows from spot Bitcoin ETFs, with $13 billion in weekly trading volume. Despite stock market weakness, Bitcoin demand remained strong. BlackRock recorded $45.66 million in outflows, while Grayscale led with a $61 million net outflow among major ETF issuers.
SEC Plans U.S. Cryptocurrency Regulation Roundtable Regulation
The U.S. SEC will host its second crypto regulation roundtable on April 12, from 1–5 AM Eastern Eight Time, centered on the theme "Tailored Regulation for Cryptocurrency Trading."
Wall Street's Support for Trump’s Economic Policies Declines
Forbes conducted a survey of 50 prominent Wall Street leaders to gauge their views on President Trump’s economic policies. Findings show 72% see his plans as ineffective, and 66% no longer support them. Over one-third of former backers have withdrawn their support, and 54% say he failed to deliver. His policies received low scores out of 5: tariffs (1.86), stock market (1.96), executive orders (2.10), cryptocurrency (2.0), and inflation management (2.16) out of 5.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.