FameEX Morning Crypto News Recap | February 13, 2025

Fed Chair Powell signals possible interest rate adjustments in response to tariff policies

Federal Reserve Chairman Powell noted progress on inflation, but the target has not been met. The Fed plans to keep a tight policy and may adjust interest rates to mitigate the economic effects of tariff policies, ensuring inflation is controlled while navigating trade-related challenges.

Bitcoin Reserve Legislation in 20 U.S. States Could Spark $23 Billion in Purchases

Matthew Sigel, VanEck’s director of digital asset research, reviewed Bitcoin reserve bills proposed in 20 U.S. states. If enacted, the bills could lead to $23 billion in Bitcoin purchases, equivalent to 247,000 BTC. These funds would not come from pension allocations, and further investments may follow if lawmakers advance additional legislation.

Federal Reserve Governor Waller Calls for Direct Measures to Address Stablecoin Risks

Federal Reserve Governor Waller called for U.S. regulators to tackle stablecoin risks, arguing that regulation would stabilize the market and boost the dollar's global influence. He also recommended allowing both banks and non-banks to issue stablecoins.

Bitcoin Price Remains Around $96,000, Supported by New Whale Level at $89,200

Axel Adler Jr. from CryptoQuant pointed out that the new whale group’s cost base is at $89,200, which serves as strong support for Bitcoin’s current consolidation. Glassnode data revealed short-term holders sold Bitcoin at a loss of $834 million, while those holding for one to six months incurred smaller losses of $126.5 million.

Bitcoin Network Transaction Confirmation Time Sets New Record at 19 Minutes

Bitcoin’s average transaction confirmation time has hit a historic 19 minutes, driven by network congestion, block size limits, and fluctuating fees. These factors are resulting in delays and longer processing times for on-chain transactions.

US Customs Seizes Bitcoin Mining Equipment Worth $5 Million

U.S. Customs and Border Protection, at the request of the Federal Communications Commission, has begun seizing Bitcoin mining ASIC equipment from companies like MicroBT and Canaan. The equipment was found to contain AI chips that were not FCC-approved. The affected companies have reported the seized devices are worth $5 million.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​