FameEX Morning Crypto News Recap | April 11, 2025
2025-04-11 02:19:21Trump Signs Bill Overturning IRS Rules on DeFi Brokers
President Trump signed a resolution repealing Biden-era crypto tax rules, which required custodial brokers to report user transactions and issue 1099 forms to the IRS.
U.S. SEC Issues New Disclosure Guidelines for Crypto Asset Securities
The U.S. SEC’s Division of Corporation Finance issued a statement outlining disclosure requirements for issuing and registering securities in the crypto asset market. It highlights that these securities may involve equity or debt linked to networks, applications, or cryptocurrency assets.
Spot Gold Hits Record High
On April 10th, spot gold prices climbed further, surpassing the previous record of $3167.59/oz and setting a new historical high at $3167.67/oz.
Over 85% of Bitcoin Holders Still in the Green During Market Lows
On April 10, IntoTheBlock reported that despite Bitcoin's price dip this week, over 85% of its holders remain in a profitable position.
Grayscale: Bitcoin Could Gain from Rising Tariffs and Trade Tensions
Grayscale's report suggests that medium-term tariffs and trade tensions could boost Bitcoin adoption. It argues that rising tariffs may trigger stagflation—harming traditional assets but benefiting scarce assets like gold and Bitcoin, positioning them as attractive alternatives during economic uncertainty.
Goldman Sachs: Fed May Resume Rate Cuts Amid Economic Slowdown
K. Heg of Goldman Sachs Asset Management expects the Federal Reserve to respond cautiously to CPI data. However, if the economic slowdown proves deeper than anticipated, it may prompt the Fed to restart its easing cycle, potentially reversing its current monetary policy stance to support growth.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.