FameEX Morning Crypto News Recap | June 21, 2024

MicroStrategy Adds 11,931 BTC, Total Holdings Reach 226,331

MicroStrategy has acquired an additional 11,931 BTC for $786 million. As of June 20, 2024, the company holds 226,331 BTC, bought at an average price of $36,798 per Bitcoin, with a total value of approximately $8.33 billion.

Vitalik: The Saying “News is Propaganda” is Propaganda Itself

Vitalik Buterin highlighted that the phrase "news is propaganda" is itself propaganda. He urged social media users to recognize that these platforms can also spread propaganda, encouraging them to critically evaluate the information they encounter.

Fed's Kashkari: Achieving 2% Inflation Target Could Take One to Two Years

Fed Chairman Kashkari stated it could take one or two years for inflation to return to 2%. He noted that current conditions hinder reaching this target and mentioned that having only 5-6 large banks in the U.S. is not ideal for the economy. Kashkari emphasized that the interest rate outlook depends on the economic path.

Tether CEO: Tether Among Top Three Holders of Short-Term U.S. Debt Worldwide

Tether CEO Paolo Ardoino stated that USDT is providing dollars to hundreds of millions in developing countries experiencing rapid currency depreciation. Additionally, Tether has become one of the world's top three short-term U.S. debt holders.

HSBC Asset Management: Watch Interest Rate Cut Speed and Scale, Expect Gradual Easing Cycle

Hussain Mehdi, director of investment strategy at HSBC Asset Management, emphasized a focus on the expected limited and gradual rate cuts by the Bank of England rather than the timing of the first cut. He highlighted the importance of monitoring the speed and magnitude of subsequent cuts, viewing 2% as the lower limit of inflation and anticipating a gradual easing cycle with rates stabilizing above pre-pandemic levels.

Marathon Digital Enters Europe, Strengthening Global Diversification Strategy

Marathon Digital, a leading Bitcoin mining company, is expanding into Europe as part of its global diversification strategy. It launched a two-megawatt data center in Finland's Satakunta region, aiming to heat 11,000 residents' homes. This initiative also seeks to reduce urban carbon emissions from heating.

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