FameEX Morning Crypto News Recap | June 21, 2023

Billionaire Mark Cuban Advises SEC on Crypto Regulation Strategies
Mark Cuban, a billionaire, suggests implementing a dedicated registration process for cryptocurrencies to boost transparency in enterprises. His proposals involve eradicating anonymity, enforcing disclosure of wallet security and maintenance, disclosing wallet addresses, and providing specific details about token trading to strengthen regulatory measures.

Deutsche Bank Pursues License for Offering Crypto Custody Services
Germany's largest bank, Deutsche Bank, is seeking regulatory approval to offer custody services for digital assets, such as cryptocurrencies. This strategic initiative aims to boost fee income while aligning with the bank's broader objectives in the digital asset realm.

NFT Sales Jump 11% as Buyers Soar 95%: ETH Records $85.43 Million in Sales
In the latest data, NFT sales have surged by 11.60% compared to the previous week, while the number of individual buyers engaging in NFT purchases has experienced an impressive 95.20% increase, reaching a total of 664,096 buyers within the last seven days.

US Central Bank Plans Two Additional Rate Hikes, Targets 5.6% by Year-End
Investors anticipate two upcoming rate hikes by the U.S. central bank after it kept interest rates unchanged. This could potentially raise the federal funds rate to 5.6% by year-end, representing a 50 basis point increase. Market predictions, based on CME's Fedwatch tool, suggest a 25 basis point hike during the next Federal Open Market Committee (FOMC) meeting scheduled for July 25 and 26.

Five US Enforcement Agencies Unite to Establish Digital Currency Anti-Crime Task Force
Multiple US enforcement agencies have joined forces to create the Darknet Marketplace and Digital Currency Crimes Task Force. Their objective is to combat crimes involving cryptocurrencies, such as drug trafficking, money laundering, personal data theft, and child exploitation, within the darknet and digital currency domains.

President Biden to Hold San Francisco Meeting with Experts, Focusing on AI Risks
President Joe Biden will hold talks on artificial intelligence (AI) with leading Silicon Valley experts, emphasizing the Biden administration's commitment to maximizing AI's benefits while managing its risks. The discussions, occurring during campaign fundraising events in California, will feature a minimum of eight experts, including renowned researchers and specialists in AI safety.

EU Consumer Protection Groups Advocate for Government Inquiries into AI
European Union consumer protection watchdogs have urged governments to investigate the risks and vulnerabilities consumers may encounter with generative AI. Their focus lies specifically on the examination of artificial intelligence models utilized in popular chatbot applications, emphasizing the importance of regulatory scrutiny.

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