FameEX Morning Crypto News Recap | October 11, 2024

SEC Commissioner Concedes Cryptocurrency Strategy Has Been a Failure

On October 10, SEC Commissioner Mark Uyeda admitted that the agency's approach to cryptocurrencies has been a "disaster for the entire industry," highlighting increasing criticism of the SEC's regulatory stance and its negative effects on the crypto sector.

HBO's "Money Electric: The Bitcoin Mystery" Earns 5.6 IMDb Rating

On October 10, IMDb rated HBO's documentary *Money Electric: The Bitcoin Mystery*—which delves into the identity of Bitcoin's creator, Satoshi Nakamoto—at 5.6/10. IMDb, the Internet Movie Database, is an online platform offering information on movies, TV shows, actors, and directors. The documentary seeks to unravel the mystery of Nakamoto's identity.

Increase in Core CPI Could Lead Fed to Reevaluate Interest Rate Cuts

A Bloomberg survey on October 10 projected CPI growth at 0.1% and core CPI (excluding food and energy) at 0.2% month-on-month. As core CPI is considered a better indicator of future inflation, any stall in inflation progress could lead the Federal Reserve to reconsider planned rate cuts in November or December.

Regulatory Status of USDT in Europe Remains Unclear as ESMA Remains Silent

With the upcoming implementation of the EU's Markets in Crypto-Assets (MiCA) regulations, USDT's regulatory status in Europe remains uncertain. On October 10, the European Securities and Markets Authority (ESMA) did not clarify whether USDT complies with MiCA rules, leaving its future in the European market unresolved.

French Custodian Bank CACEIS Introduces Digital Asset Custody Framework

French custodian bank CACEIS has introduced its digital asset custody framework, allowing users to access native digital currency market funds (MMFs). A subsidiary of Crédit Agricole and nearly 30% owned by Santander, CACEIS recently secured a Spanish Digital Asset Service Provider (DASP) license, expanding its digital asset services.

Justin Sun Chosen as New Prime Minister of Liberland

The unrecognized micro-nation of Liberland has elected TRON network founder Justin Sun as its new prime minister. Announced on October 6, Sun won the Experimental Parliament election, with President Vit Jedlička nominating him as Acting Prime Minister, recognizing his position as Speaker of the Parliament.

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