FameEX Morning Crypto News Recap | April 10, 2025
2025-04-10 01:14:29Trump Halts Tariff Fight for 90 Days, Crypto Prices Jump
Trump’s 90-day tariff pause sparked a crypto rally, causing $587 million in liquidations, with $374 million from short positions as market sentiment shifted rapidly.
Trump’s Tariff Delay Sparks Notable Bond Market Changes
Trump’s tariff postponement triggered major bond market shifts. Long-term yields, previously elevated due to tariff fears, have now declined. Calling the bond market “beautiful,” Trump expressed satisfaction with the change and said he’s closely monitoring market trends, signaling a positive turn in investor sentiment following his announcement.
CFTC Overhauls Crypto Rules, Ends Legal Action Approach
Acting CFTC Chair Caroline D. Pham supports the DOJ's move to stop regulating crypto through litigation. She instructed the CFTC not to pursue lawsuits over Commodity Exchange Act registration violations in digital asset cases when defendants lack intent, promoting a more transparent and fair regulatory direction for the crypto industry.
Fed Meeting Minutes: Rates Remain Unchanged Amid Economic Uncertainty
The Federal Reserve’s meeting minutes show unanimous support for holding interest rates steady amid economic uncertainty, with most participants warning that inflationary pressures could prove more persistent than previously expected.
Paul Atkins Takes SEC Helm, Targets Crypto Rules First
The U.S. Senate confirmed Paul Atkins as SEC chairman with a 52-44 vote after President Trump's nomination. Atkins pledged to prioritize digital asset regulation. His consulting firm has advised clients in the crypto space, including exchanges and DeFi platforms.
Trump’s Tariff Retreat Fuels Rally in Risk Assets
John Canavan of Oxford Economics highlighted Trump’s vague tariff remarks, hinting at a possible pause or cut to 10%. Though major tariff threats have been dropped, aiding risk assets, uncertainty still clouds future tariff levels, keeping markets cautious and limiting investor confidence despite the overall positive shift in trade tone.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.