FameEX Morning Crypto News Recap | June 19, 2024

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

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

Nvidia's Market Value Hits $3.34 Trillion, Becoming the World's Most Valuable Company

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

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

St. Louis Fed President Mousallem stated on Tuesday that it would take several months, or more likely several quarters, for the Fed to create conditions for a rate cut. In his first public comment since succeeding Bullard, Mousallem emphasized the need to observe favorable inflation developments, easing demand, and expanding supply before considering a rate cut.

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

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

CleanSpark Acquires 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 company finalized an agreement to buy five power plants at $430,000 per MW. These plants, ranging from 8 MW to 15 MW, have signed interruptible load power purchase agreements.

Bank of Japan May Implement Modest Rate Hikes Before Reaching Price Target

Minutes from the Bank of Japan's meeting revealed that a member suggested raising interest rates moderately before being fully confident of achieving the price target sustainably. This approach aims to avoid the need 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.