FameEX Morning Crypto News Recap | June 12, 2023

Russia's Largest Bank Opens Digital Asset Trading to Retail Investors
Sberbank, Russia's majority state-owned lender, is launching its own blockchain platform to allow private individuals in the country to trade digital assets. Access to the platform will be granted to Russian citizens starting this month, as announced by a senior executive at Sberbank.

Renowned Author Robert Kiyosaki Warns of Unprecedented Real Estate Crash in History
Renowned author Robert Kiyosaki, known for "Rich Dad Poor Dad," warns of an impending real estate crash of unprecedented proportions, surpassing the 2008 financial crisis. As a protective measure, he recommends investors to safeguard their assets by diversifying into gold, silver, and bitcoin.

Economist Peter Schiff Alleges US Banking System's Destruction by the Fed, Declares It Insolvent
Economist Peter Schiff asserts that the U.S. banking system is insolvent, attributing its demise to the Federal Reserve. He emphasizes the discrepancy between near-zero bank interest rates and elevated real inflation rates, cautioning of a looming collapse surpassing the magnitude of the 2008 financial crisis.

Turks Seek Refuge in Tether as Report Highlights Soaring Inflation and Limited Dollar Access
As the Turkish lira experiences a substantial devaluation against the U.S. dollar, individuals in Turkey are seeking stability by embracing stablecoins. The recent halt in central bank interventions after the presidential vote led to a record decline in the lira's exchange rate with the dollar, prompting people to find shelter in alternative digital currencies.

South Korean Chip Sector Identified by OpenAI CEO as Vital for AI
Growth and During a meeting with South Korean President Yoon Suk Yeol, OpenAI CEO Sam Altman emphasized the importance of South Korea leading in chip manufacturing for AI. Altman expressed a desire to invest in Korean startups and establish collaborations with key chipmakers like Samsung Electronics.

Potential 54% Gain and $2B Lead Revealed for MicroStrategy If ETH Was Chosen On June 11, 2023
MicroStrategy, a publicly-listed company, possessed 140,000 bitcoin (BTC) on its balance sheet. However, analysis from blockchaincenter.net indicates a 14% decrease in the investment's value. Surprisingly, had MicroStrategy chosen ethereum (ETH) instead of BTC, their portfolio would have grown by 54%.

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