FameEX Morning Crypto News Recap | September 6, 2023

Cryptocurrency Market Underestimates Remarkable Optimism Surrounding Spot Bitcoin ETFs
Crypto analysts from K33 (formerly Arcane Research) assert that the market is significantly undervaluing the potential price impact of a spot Bitcoin ETF approval. Despite recent positive developments, including the last three months, reflecting improved chances of approval, this sentiment hasn't been mirrored in Bitcoin and other major crypto asset prices.

Singapore's Newly Elected President Favors Unified Regulatory Approach for Crypto and Traditional Finance
Tharman Shanmugaratnam, Singapore's new president and former deputy prime minister, supports a unified regulatory system for both crypto and traditional finance. He emphasizes the importance of having a single regulatory framework and warns that those outside it should exercise caution.

Study Unveils 88,200 Individuals Attained Millionaire Status via Cryptocurrency Wealth Accumulation
Henley & Partners' study discloses that among the global 56.1 million millionaires, a significant 88,200 individuals have amassed their wealth through cryptocurrency, as reported by the London-based investment migration consultancy.

Visa Broadens Stablecoin Settlement to Include Solana and Merchant Acquirers
Visa enhances digital currency adoption by extending stablecoin settlement to Solana blockchain. Pilot programs with merchant acquirers Worldpay and Nuvei aim to streamline settlements using Circle-issued USDC stablecoin, demonstrating Visa's commitment to innovative payment solutions.

Regulated Liability Network Discovers Proof-of-Concept Use Case Involving Digital Pound
The Regulated Liability Network (RLN) has concluded its UK exploration phase and is ready to move forward with a retail central bank digital currency (CBDC) use case. RLN aims to facilitate transactions among central banks, commercial banks, and regulated non-banks through "partitions" on a unified network.

Survey Reveals Computer Science Experts Advocate the Establishment of a New Federal Agency for AI in the US
A survey of 213 computer science professors suggests that AI might not cause as much displacement as often suggested by business leaders. A majority of these experts recommend the establishment of a new federal agency in the United States solely focused on AI governance, as revealed in a study conducted by Axios, Generation Lab, and Syracuse University.

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