FameEX Morning Crypto News Recap | February 25, 2025

Trump Eyes Tariffs on Canada, Mexico to Address Illegal Immigration

President Trump confirmed that tariffs on Canada and Mexico will be implemented as scheduled next month. He acknowledged that both countries have introduced new border measures to avoid these tariffs, which were imposed to address illegal immigration.

Digital Asset Investment Product Outflows Hit $924M in Two Weeks

Digital asset investment products experienced $508 million in outflows last week, bringing the two-week total to $924 million, according to CoinShares. Bitcoin alone accounted for $571 million of last week’s outflows.

Ethereum Pectra Upgrade Set to Debut on Holesky Testnet

The Ethereum Pectra upgrade is set for February 24 on the Holesky test network at 21:55 UTC. Post-upgrade, block data capacity will rise by 50%, doubling the average number of data packets per block from 3 to 6, enhancing network efficiency and scalability.

Strategy Co-Founder Michael Saylor Engages SEC on Token Classification

Michael Saylor, co-founder of Strategy, met with the SEC’s cryptocurrency working group, discussing topics like token classification and digital asset definitions, according to a tweet from Fox Business reporter Eleanor Terrett.

The Meme Coin Hype Ends as Celebrity Token Interest Wanes

On February 24, Dragonfly partner Haseeb Qureshi told the Unchained podcast that the meme coin and celebrity token cycles have effectively ended. He urged the crypto industry to stop backing celebrity token projects that exploit communities, calling for a united effort.

SEC Concludes Robinhood Crypto Probe

Robinhood Crypto announced the SEC has officially ended its securities violation investigation, which began following a Wells notice issued in May 2024. The investigation, alleging violations of securities laws, has now been closed, clearing Robinhood Crypto of further regulatory scrutiny.

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