FameEX Morning Crypto News Recap | June 13, 2023

Weekly Sales in NFT Market Experience 20% Decline Following Recent Growth
Sales of non-fungible tokens (NFTs) experienced a significant decline of 20.44% this week following a series of consecutive gains. In the span of seven days, NFT sales amounted to $152.96 million, with $84 million generated through the Ethereum blockchain.

Iran and Russia Collaborate on Crypto Cooperation, Introduce Tool to Facilitate Streamlined Trade in National Currencies
Experts and business representatives from Iran and Russia have engaged in discussions regarding the utilization of cryptocurrencies and blockchain technology. Additionally, the two countries are partnering to introduce innovative financial instruments aimed at enhancing bilateral trade using their respective national currencies.

Bitcoin Miners Exit Venezuela as National Mining Ban Takes Effect
Venezuelan bitcoin miners are seeking to move their operations to other Latin American countries following the introduction of a nationwide mining ban by the government. The ban was implemented after allegations of a $20 billion corruption scandal involving the Venezuelan crypto regulator, Sunacrip.

European Consumer Organization Urges Restricting Promotion of Cryptocurrencies on Twitter and TikTok
The European Consumer Organization (BEUC) is calling for tighter regulations on the promotion of cryptocurrencies on popular social media platforms such as Twitter and TikTok. BEUC is urging Brussels to implement stricter advertising rules and take measures to prevent influencers from misleading investors in the crypto space.

US Lawmakers Introduce 'SEC Stabilization Act' to Dismiss Gary Gensler
US Representative Warren Davidson has introduced the "SEC Stabilization Act" in the House of Representatives, aiming to remove Securities and Exchange Commission (SEC) Chair Gary Gensler. Citing the need to protect US capital markets, Davidson seeks to address concerns regarding Gensler's leadership by proposing this bill.

UK Granted 'Early or Priority Access' to AI Models from Google and OpenAI
British Prime Minister Rishi Sunak revealed that Google DeepMind, OpenAI, and Anthropic, leading companies in generative AI technologies, have agreed to grant the United Kingdom early access to their AI models. The specifics of the access are currently unknown, but this commitment marks a potentially groundbreaking development in the field.

Thailand Initiates Retail CBDC Pilot with Two Banks and Singapore Payment Service