FameEX Morning Crypto News Recap | February 8, 2024

SEC Defers Ruling on Invesco and Galaxy Digital's Spot Ether ETF Application

The SEC delayed its ruling on the Invesco Galaxy ether ETF, potentially until July 2024, after seeking public input. This underscores regulatory caution in assessing cryptocurrency-based financial products and highlights the significance of public feedback in shaping regulatory decisions amid the evolving digital asset landscape.

Huawei Researchers Propose Granting AI Physical Form as Next Stage towards Achieving Human-Level Agents

Huawei researchers argue that giving AI a physical body will enhance its understanding of action, memory, and experience. They introduce a pre-print research on "embodied artificial intelligence" (E-AI) from Noah’s Ark Lab in Paris, presenting it as a crucial step toward achieving artificial general intelligence (AGI), stressing the framework's significance in advancing AGI.

BIS Advocates Metaverse Regulation to Avert Corporate Hegemony and Fragmentation

The BIS stresses the necessity of regulated interoperable payment systems to mitigate fragmentation and control by powerful entities within the metaverse. Despite the waning initial excitement, the BIS underscores the significance of preventing dominance by private interests, particularly in crucial areas like healthcare, commerce, and education within the metaverse landscape.

Former Google News Head Anticipates Conversational AI Models Such as 'ChatGPT' Supplanting Journalists

Jim Albrecht cautions that large language models, such as ChatGPT, present a significant danger to journalists and the global news sector. He anticipates these models will transform the news landscape, much like the World Wide Web did in the early 2000s, fundamentally altering how news content is generated and disseminated.

Forecaster Anticipates Ethereum (ETH) Could Surge to $27,000 Amid Current Bullish Cycle

Ryan Berckmans, an Ethereum investor, predicts ETH could reach $27,000 in the current bull cycle, driven by decreased selling pressure from miners. He identifies various catalysts contributing to Ethereum's potential price surge, marking a pivotal moment in the cryptocurrency's journey with the possibility of achieving unprecedented highs.

US Cryptocurrency Miners Dispute EIA's Energy Usage Survey

US cryptocurrency mining operators dispute the legality and intentions of a compulsory energy usage survey, querying its necessity and goals by Energy Information Administration’s (EIA). Key figures from the US crypto mining sector express reservations about an emergency survey intended to collect data on energy consumption and sources, pointing out potential concerns regarding its execution and underlying motives.

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