Fed Delivers Third 2025 Rate Cut as Crypto Faces Mixed Signals on Regulation and Markets

In the week of the third 2025 Fed rate cut to a 3.50%-3.75% range, crypto markets stayed cautious even as Bitcoin briefly spiked and then reversed. U.S. authorities moved ahead with major steps such as conditional bank charters for firms like Ripple and Circle, a CFTC digital assets pilot, and New York's adoption of UCC rules for digital assets. Global macro shifts, including expected BOJ hikes toward 1% by 2026, and emerging use cases like YouTube's PYUSD payouts and Bhutan's gold-backed token on Solana, reshaped how investors are assessing risk.