FameEX Morning Crypto News Recap | June 21, 2024

MicroStrategy Acquires Additional 11,931 BTC, Total Holdings Now 226,331

MicroStrategy has acquired an additional 11,931 BTC for about $786 million. As of June 20, 2024, the company's total Bitcoin holdings are 226,331 BTC, purchased at an average price of $36,798 per Bitcoin, totaling approximately $8.33 billion in value.

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

Vitalik Buterin recently emphasized that the phrase "news is propaganda" is itself a form of propaganda. His remarks aim to make social media users aware that these platforms can also serve as channels for propaganda, urging users to critically evaluate information shared on social media.

Fed's Kashkari: Reducing Inflation to 2% May Take One or Two Years

Fed Chairman Kashkari stated that it could take one or two years for inflation to return to 2%. He highlighted that current conditions prevent achieving 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 trajectory.

Tether CEO: Tether Now Among the World's Top Three Short-Term U.S. Debt Holders

Tether CEO Paolo Ardoino: USDT Provides Dollars to Hundreds of Millions in Developing Countries Facing Rapid Currency Depreciation; Tether Now Among Top Three Short-Term U.S. Debt Holders

HSBC Asset Management: Monitor Interest Rate Cut Pace and Magnitude, Anticipate Gradual Easing Cycle

Hussain Mehdi, director of investment strategy at HSBC Asset Management, emphasized that the firm is more focused 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. HSBC views 2% as the lower limit of inflation, expecting a gradual easing cycle with rates stabilizing above pre-pandemic levels.

Marathon Digital Expands into Europe, Enhancing Global Diversification Strategy

Marathon Digital, a leading Bitcoin mining company, is expanding into Europe as part of its global diversification strategy. Unlike its North American competitors focusing domestically, Marathon launched a two-megawatt data center in Finland's Satakunta region, aiming to heat the area's 11,000 residents. This initiative is designed to reduce urban carbon emissions from heating.

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