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FameEX Morning Crypto News Recap | May 31, 2024

2024-05-31 12:17:00

SEC Demands Revised S-1 Forms from Spot Ethereum ETF Issuers

The U.S. Securities and Exchange Commission (SEC) has instructed issuers of potential spot Ethereum ETFs to submit revised S-1 forms by Friday. The effective date of the S-1 form, necessary for trading to begin, could take several weeks.


Semler Scientific, a US-Based Medical Technology Firm, Invests $40 Million in Bitcoin

The chairman of Semler Scientific, a US medical technology firm, invested $40 million in Bitcoin, inspired by MicroStrategy's success. Semler previously announced Bitcoin as its main reserve asset. Following the announcement, the company's stock price surged by over 25%.


Brazil's Nubank Introduces Cryptocurrency Transfer Capability

Brazilian digital bank Nubank has introduced a cryptocurrency transfer feature, enabling users to send and receive crypto assets via their personal wallets. The bank plans to progressively add more virtual currencies and networks to this service.


PwC Joins Forces with OpenAI as Its Biggest Client and First ChatGPT Enterprise Distributor

OpenAI revealed that PwC is now its largest customer, serving 100,000 users, and has become the first distributor of ChatGPT Enterprise Edition. Launched in August 2023, this edition offers quicker, unlimited interactions and allows for the development of customized models suited to various use cases, with enhanced analytics and tools.


SEC Commissioner Proposes Safe Haven for Digital Securities Testing

Securities and Exchange Commissioner Hester Pierce proposed a cross-border sandbox program for U.S. and U.K. blockchain firms working with tokenized securities. Pierce’s plan aims to facilitate collaborations between these firms without regulatory risks, fostering an environment where they can experiment safely with new digital securities technologies.


Elon Musk Confirms He Never Discussed Cryptocurrency with Trump

Elon Musk clarified on social media that he never discussed cryptocurrency with Trump. He advocates for cryptocurrency's potential to transfer power from the government to the people.


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