FameEX Morning Crypto News Recap | April 2, 2025
2025-04-02 01:45:49Trump Set to Unveil Reciprocal Tariff Policy in Rose Garden Announcement
President Trump will speak in the Rose Garden at 4 AM EST on Thursday to announce a reciprocal tariff policy. According to Press Secretary Levitt, the speech will focus on nation-based tariffs, with industry-specific tariffs to be addressed in a future announcement.
U.S. Set to Complete First-Ever Audit of Government Bitcoin Holdings on April 5th
The U.S. Treasury and other federal agencies will complete the first audit of government-held Bitcoin on April 5th, following an executive order from President Trump. The order mandates all federal agencies to disclose their digital asset holdings within 30 days.
3–5 Year Bitcoin Holders' Ratio Drops by 3%
Glassnode data reveals that BTC wealth held by 3–5-year investors fell 3% since November 2024’s peak but remains historically high. Meanwhile, over two-thirds of 5–7-year holders exited by December 2024’s peak.
Bitcoin Exchange Supply Falls to 7.53%, Lowest Level Since 2018
On April 1, Bitcoin supply on exchanges fell to 7.53%, marking its lowest level since February 2018.
GameStop Raises $1.3B Through Convertible Notes, Considers Buying Bitcoin
GameStop has completed a $1.5 billion convertible bond issuance, including a $200 million over-allotment. After fees, it raised $1.48 billion. The five-year notes may fund a potential Bitcoin purchase.
EU Report Warns U.S. Crypto Policy May Heighten Financial Risks
A joint report by ESMA and three major EU regulators warns on April 1 that the U.S.'s growing crypto-friendly policies are strengthening ties between crypto assets and traditional financial markets, potentially raising systemic risks.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.