FameEX Morning Crypto News Recap | June 6, 2023

Tether Expands Support for Green Bitcoin Mining, Invests in Volcano Energy in El Salvador
Tether invests in Volcano Energy, a Bitcoin mining operation in El Salvador, following its plans for a sustainable mining facility in Uruguay. Expanding investments in green Bitcoin mining, Tether supports eco-friendly practices in the cryptocurrency industry and contributes to sustainable energy solutions.

XRP Resists Market Trend as Advocates Remain Hopeful for Lawsuit Resolution
XRP bucks the market as it defies a 1.5% decline in the overall cryptocurrency market. Instead, XRP has experienced gains, surging over 10% in the past week and achieving a year-to-date increase of 35% against the U.S. dollar.

Google Trends Data Reveals 7-Month Low in Bitcoin Interest
Bitcoin's global interest, as measured by Google Trends data, has hit a seven-month low with a score of 17 out of 100. This represents a substantial drop from June 2022 when the search query for bitcoin registered a score of 64 out of 100, indicating a significant decrease in active interest.

ChatGPT AI Launch Drives Crypto Returns to Soar Up to 41%
ChatGPT has experienced impressive growth since its November 2022 launch, hitting 1 million daily users within five days and reaching 100 million monthly users by January 2023. Though exact monthly user figures are undisclosed, reports suggest it may have reached as high as 1 billion by June 2023.

Hong Kong's Regulatory Progress Paves the Way for a Thriving Crypto Hub
Hong Kong stands out as a prominent cryptocurrency hub in Asia, diverging from the cautious stance taken by other countries. With its status as a major global economy and a hub for investment and trade, the city's cosmopolitan environment and well-developed infrastructure make it an ideal location for crypto-related endeavors in finance, shipping, trade, and retail.

EU Officials Push for Compulsory Labeling of AI-Generated Content
Vera Jourova, Vice President of the European Commission, stresses the importance of publicly labeling companies utilizing generative AI tools that may fuel disinformation. EU officials are actively discussing measures to improve transparency of AI tools like OpenAI's ChatGPT to ensure public welfare.

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