FameEX Morning Crypto News Recap | June 6, 2024

'Rich Dad Poor Dad' Author Projects Bitcoin to Reach $350,000 by 2024

On June 6, "Rich Dad Poor Dad" author Robert Kiyosaki forecasted on social media that Bitcoin could reach $350,000 by August 25, 2024. He stated that his announcement represents a personal prediction and viewpoint, framing the potential achievement as a goal, dream, and aspiration.

Nvidia Surpasses Apple in Market Capitalization,Become the second largest technology giant in the U.S.

Last night, Nvidia's stock price increased by 5.16%, elevating its market value to over $3 trillion ($3.012 trillion), surpassing Apple's $3.0035 trillion. This boost positions Nvidia as the second-largest technology company by market value in the U.S. stock market, overtaking the leading consumer electronics giant.

Ethereum Market Sentiment Index Climbs to 14-Month High, Prices Hold Between $3,700 and $3,900

Forbes reports that Ethereum's market optimism soared to a 14-month peak according to The Tie. The sentiment index, assessing positivity over the past 50 days against 200, reached 66.69 on June 3, its highest since March 24, 2023. Values above 50 signify increased market optimism.

Türkiye Proposes Taxing Earnings from Stock and Crypto Investments, Finance Minister Highlights Need for Taxation

Turkey is considering taxing earnings from stock and cryptocurrency investments as part of its fiscal austerity efforts. After the announcement, both the Turkish stock market and the lira dropped. Finance Minister Mehmet Simsek highlighted the need for proper taxation of all financial income during a ruling party meeting, although no final decision has been reached yet.

JPMorgan: AI Companies and Hyperscale Data Centers Could Eye Bitcoin Mining Companies for Acquisitions

JPMorgan Chase indicated that hyperscale data centers and AI firms, in search of alternative energy solutions, may view Bitcoin mining companies with advantageous power contracts as potential acquisition targets. These data centers provide substantial computing power and are keen on incorporating energy-efficient mining operations to improve their capabilities.

US SEC Chairman Modifies Crypto Position: From "All Tokens Are Securities" to "Tokens Require Improved Disclosure"

In a CNBC Squawk Box interview, U.S. Securities and Exchange Commission Chairman Gary Gensler adjusted his view on cryptocurrencies. He revised his earlier position from "all tokens are securities" to highlighting that "tokens lack proper disclosure."

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