FameEX Morning Crypto News Recap | September 6, 2023

Market Fails to Fully Grasp Enthusiasm for Spot Bitcoin ETFs in Crypto Space
K33 analysts, formerly known as Arcane Research, emphasize the market's notable underestimation of a spot Bitcoin ETF's potential price influence. Despite recent positive developments over the past three months indicating increased approval chances, this sentiment isn't reflected in the values of Bitcoin and other prominent crypto assets.

Newly Elected President of Singapore Supports Harmonized Regulatory Approach for Crypto and Traditional Finance
Tharman Shanmugaratnam, Singapore's recently elected president and former deputy prime minister, backs a consolidated regulatory approach for crypto and traditional finance. Stressing the significance of a unified framework, he cautions those operating beyond it to be vigilant.

Research Discovers 88,200 People Achieved Millionaire Status by Accumulating Wealth through Cryptocurrency
According to a report by London's investment migration consultancy, Henley & Partners, 88,200 individuals have acquired their wealth through cryptocurrency among the world's 56.1 million millionaires, shedding light on the notable influence of digital assets in global wealth accumulation.

Visa Extends Stablecoin Settlement to Encompass Solana and Merchant Acquirers
Visa boosts digital currency adoption, expanding stablecoin settlement to Solana blockchain. Pilot initiatives with merchant acquirers Worldpay and Nuvei target efficient settlements through Circle's USDC stablecoin, highlighting Visa's dedication to inventive payment resolutions.

Regulated Liability Network Unveils Proof-of-Concept Scenario with Digital Pound
The Regulated Liability Network (RLN) has wrapped up its investigation in the UK and is set to progress with a use case involving a retail central bank digital currency (CBDC). RLN's goal is to enable transactions between central banks, commercial banks, and regulated non-banks by utilizing "partitions" on a consolidated network.

Computer Science Experts Recommend Creating a New Federal AI Agency in the United States, Survey Finds
A survey of 213 computer science professors challenges the idea that AI will lead to significant job displacement. Most experts advocate creating a dedicated U.S. federal agency for AI governance, as indicated in a study conducted by Axios, Generation Lab, and Syracuse University.

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