FameEX Morning Crypto News Recap | April 24, 2024

BlackRock and Grayscale Await SEC's Spot ETH ETF Decisions

The SEC has postponed its decisions on the BlackRock and Grayscale spot Ether ETF applications. This comes shortly after delaying a similar decision on Franklin Templeton's spot ETH ETF. Notices were issued for Grayscale's delay and an amendment to BlackRock's application, highlighting the SEC's cautious approach to these cryptocurrency ETFs.

Fidelity's Bitcoin ETF Attracts $40M in Largest Single Investment from Advisers

Fidelity’s Bitcoin ETF, the Fidelity Wise Origin Bitcoin Fund (FBTC), has set a new record with a $40 million investment, marking it the largest single investment in a Bitcoin fund. Legacy Wealth Management and United Capital Management of Kansas, two traditional U.S. financial advisers, each contributed $20 million to this milestone investment.

Ripple Challenges SEC's $2B Fine, Argues Penalty Shouldn't Exceed $10M

Ripple challenges the SEC's $2 billion fine demand, advocating for a maximum penalty of $10 million. In a recent filing, Ripple Labs refutes the SEC's plea to a federal judge for the hefty fine. Additionally, Ripple urges the court to reject the SEC's requests for injunction, disgorgement, and pre-judgment interest. The dispute underscores Ripple's resistance to the SEC's regulatory measures.

Blockchain Association and Cryptocurrency Activist Group File Lawsuit Against SEC Over 'Dealer Rule'

The Blockchain Association and the Crypto Freedom Alliance of Texas have initiated a lawsuit against the SEC in the Northern District of Texas. They announced this legal action on April 23 to contest the SEC's recent expansion of the "Dealer Rule." These industry groups argue that the rule restricts innovation within the U.S. digital asset market, according to their statement.

Vietnamese Technology Firm Partners with Nvidia to Construct $200M AI Factory

FPT and Nvidia announced plans to invest in a $200 million AI factory in Vietnam, aiming to establish a comprehensive hub for AI and cloud computing. The initiative, outlined in a joint statement on April 23, targets the development of AI products, GPU infrastructure, and expertise to support local clients. This collaboration seeks to bolster Vietnam's IT sector by providing a centralized resource for AI technologies.

Finnish Homes Embrace Bitcoin Mining for Heating Solutions

In Finland, Bitcoin mines are now doubling as heating sources for homes, merging hydro-cooled ASIC mining devices with the district heating system. The innovative project utilizes the WhatsMiner M63S to produce heat, which is then distributed through the established district heating infrastructure to warm multiple buildings. This initiative allows households to profit from industrial Bitcoin mining while staying warm.

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