FameEX Morning Crypto News Recap | April 18, 2024

Interest in Bitcoin Halving Reaches Record High on Google Searches

Interest in 'Bitcoin halving' has reached unprecedented levels on Google, according to Google Trends. The current interest score stands at 45, with projections indicating it could reach a peak of 100 by the end of the month. This represents more than double the interest seen during the previous halving in 2020, highlighting a significant surge in public curiosity.

MIT and the German Central Bank Embark on a New Project to Explore CBDC

The Deutsche Bundesbank has joined forces with MIT's Digital Currency Initiative to investigate central bank digital currencies (CBDC). During the project's inauguration, Joachim Nagel, President of the German central bank, highlighted the significant challenges that lie ahead in the development and implementation of a digital euro.

US Senators Propose New Legislation on Stablecoins

Senators Kirsten Gillibrand and Cynthia Lummis have crafted legislation to set guidelines for stablecoin issuers and users. The bill bans "unbacked, algorithmic stablecoins," mandates one-to-one reserves for issuers, establishes both state and federal regulatory frameworks, and aims to prevent the illicit use of stablecoins, reflecting lessons from the 2022 TerraUSD depegging incident.

Cyprus Extends Suspension of FTX Europe License Until September

The Cyprus Securities and Exchange Commission (SEC) has prolonged the suspension of FTX Europe's license, as remnants of the collapsed FTX cryptocurrency exchange saga persist. This extension bars FTX Europe from offering services until September 2024, indicating ongoing challenges in resolving the broader FTX operational crisis.

Leading Five BTC Miners Hold Onto Assets Despite Bitcoin Halving

In Q1 2024, top 5 Bitcoin mining firms sold only 2,000 BTC, marking a two-year low, per Bitwise. This contrasts with Q4 2023, when they sold over 7,000 BTC. The decline highlights a significant slowdown in Bitcoin selling among major miners, potentially signaling shifts in market dynamics. The last time sales were below 2,000 BTC was in Q1 2022.

Exploring Web3 Gaming and AI Applications: TikTok Parent Company Dives into On-Chain Possibilities

BytePlus, ByteDance's enterprise tech division, ventures into Web3 by partnering with Mysten Labs, creators of the Sui blockchain. This collaboration involves integrating BytePlus's advanced tools, like ByteHouse, a cloud-based data warehouse, with Sui's full-node data. This strategic move signals ByteDance's foray into blockchain technology, aiming to leverage its solutions within the Web3 ecosystem.

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