FameEX Morning Crypto News Recap | May 22, 2024

Grayscale and Fidelity Omit Staking-Related Content from Ethereum Spot ETF Applications

Grayscale has eliminated staking-related content from its Ethereum spot ETF application, evident in the updated preliminary proxy statement. Initially, Grayscale had suggested Ethereum staking through the trust, but this mention was removed in the latest amendment filed on Tuesday. Similarly, Fidelity and other issuers have also revised their applications to exclude such content.

The European Union Creates New Body to Implement Blockchain Infrastructure, Joined by 10 Member States

The European Union launched a new organization on Tuesday to deploy blockchain infrastructure, aiming to improve record-keeping and data transfer across the 27 member states. This initiative was announced during the European Council Telecommunications Ministers' Meeting in Brussels, where the EU's significant artificial intelligence law was also ratified.

Rabobank Strategists Predict Strengthening of USD/JPY

Jane Foley, a foreign exchange strategist at Rabobank, indicated that a weakening U.S. economy might prompt the Federal Reserve to cut interest rates in September and December, potentially strengthening the yen against the dollar. Additionally, if the Bank of Japan raises interest rates again this year, it could ease some upward pressure on the dollar.

Fed Governor Waller: Slower Progress Toward 2% Inflation, No Rate Hikes Expected

Federal Reserve Board Governor Waller recently noted that inflation's return to 2% may be slower than expected last year. He also mentioned that he does not foresee an interest rate hike occurring.

Ethereum Co-Founder Vitalik Buterin Highlights AI Risks, Proposes Countermeasures

Ethereum co-founder Vitalik Buterin discussed AI on the X platform, warning that super-intelligent AI carries significant risks and should not be developed hastily. He stressed the importance of opposing efforts to accelerate its advancement.

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