FameEX Morning Crypto News Recap | April 2, 2024

Peter Schiff Alerts: An Significant Development Is Occurring, Catching Many Investors Off Guard

Peter Schiff, an economist and gold enthusiast, has alerted that an upcoming major event could catch investors, governments, and central banks off guard. He emphasized that anticipated Federal Reserve rate cuts could worsen inflation, signaling troubling economic times ahead.

48 US Representatives Urge SEC Chair Gensler to Define ETH's Status as a Security, Highlighting Possible 'Negative Consequences'

Forty-eight U.S. legislators have petitioned SEC Chairman Gary Gensler for a definitive statement on ether's status as a security. They highlight the potential for broad adverse effects on the digital asset market if ETH is deemed a security, either implicitly or explicitly, with consequences spanning both the short and long term.

Bitcoin Miners Achieve Record Earnings of $2 Billion in March Prior to Halving Event

March saw bitcoin miners' revenue skyrocket to a yearly high of $2.01 billion, fueled by both mining rewards and transaction fees. A significant portion, $85.81 million, was specifically generated from transaction fees, highlighting a noteworthy achievement in the realm of cryptocurrency mining.

Vitalik Buterin, Ethereum Co-Founder, Shows Interest in Meme Coins

Vitalik Buterin, co-founder of Ethereum, acknowledges the flaws in meme coin culture but sees value in their fun aspect. He believes meme coins can yield positive outcomes, especially noting tokens aimed at charity and "Robin Hood games" like Axie Infinity that benefit low-income individuals, offering a nuanced take on the phenomenon.

Hong Kong Legislators Advocate for Government-Backed Web3 Initiatives to Attract Tech Teams

Hong Kong Legislative Council's Qiu Dagen suggested in Sing Tao Daily that by promoting Web3 applications, the government could draw in technical teams and enhance the development and use of blockchain technology in Hong Kong. This strategy aims to foster innovation and technological progress within the city, according to Dagen's perspective.

OpenAI to Establish Its First Office in Asia, Located in Japan, by Mid-April

OpenAI plans to establish its inaugural Asian branch in Japan by mid-April, expanding its presence into the region. The firm will provide tailored services to companies and engage in creating standards for the responsible application of generative AI technologies.

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