FameEX Morning Crypto News Recap | June 19, 2024

Potential Ethereum Spot ETF Issuer Gets SEC Comments on Form S-1, Aims to Respond by Friday

Two sources revealed that potential Ethereum spot ETF issuers received SEC comments on the S-1 form last week and plan to respond by Friday. An issuer representative called the latest comments "reasonable" and expressed optimism for imminent approval.

Nvidia's Market Value Reaches $3.34 Trillion, Crowned World's Most Valuable Company

At Tuesday's close of the U.S. stock market, Apple fell 1.1%, Microsoft dropped 0.4%, while Nvidia rose 3.5%, achieving a market value of $3.34 trillion and becoming the world's most valuable company.

St. Louis Fed President Moussallem: Fed Rate Cuts Will Take Months or Even Quarters

St. Louis Fed President Mousallem stated that it will take several months or quarters for the Fed to consider a rate cut. In his first public comment since succeeding Bullard, Mousallem emphasized the need to observe favorable inflation trends, easing demand, and expanding supply before conditions for a rate cut are met.

Brazil’s Tax Agency to Collect Data on Foreign Crypto Exchanges for Compliance

The Brazilian Federal Tax Service's Special Division will begin collecting data from foreign cryptocurrency exchanges to ensure compliance with local regulations. Deputy Inspection Secretary Andrea Chaves highlighted concerns about their operations in Brazil and plans to gather taxable information. Regulations for summoning foreign exchanges are expected by the end of this week.

CleanSpark Purchases 60 MW Bitcoin Mining Farm in Georgia for $25.8 Million

CleanSpark, a US bitcoin mining company, acquired 60 MW of bitcoin mining farms in rural Georgia for $25.8 million. The deal includes five power plants, ranging from 8 MW to 15 MW, at $430,000 per MW, with interruptible load power purchase agreements in place.

Bank of Japan May Raise Rates Modestly Before Achieving Price Target

Minutes from the Bank of Japan's meeting revealed a member's suggestion to raise interest rates moderately before being fully confident in achieving the price target sustainably. This approach aims to prevent the necessity for rapid rate hikes later.

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