FameEX Morning Crypto News Recap | June 24, 2024

U.S. Government Holds $13.9 Billion in Bitcoin; German and British Governments Also Hold Significant Amounts

The U.S. government holds 217,486 bitcoins worth $13.9 billion and 53,900 Ethereum worth $187 million. The German government holds 47,179 bitcoins valued at over $3 billion. The British government holds 61,245 bitcoins worth approximately $3.9 billion.

Dubai Financial Services Authority Launches Comprehensive Digital Asset Regime to Attract Global Web3 Companies

In an exclusive interview, Dubai Financial Services Authority (DFSA) President Zhuang Sitao revealed that to attract global Web3 enterprises, DFSA has implemented two comprehensive digital asset systems. The 2021 system is for investment tokens (tokenized assets), and the 2022 system is for crypto tokens (cryptocurrencies and stablecoins). These systems clarify regulatory expectations and foster virtual asset growth in Dubai.

Nigeria Securities and Exchange Commission Revises Digital Asset Rules, Accelerates Regulatory Incubation Program

The Nigerian Securities and Exchange Commission (NSEC) has revised digital asset rules and expanded its regulatory scope. It introduced the Accelerated Regulatory Incubation Program (ARIP) to expedite onboarding for virtual asset service providers (VASPs). Unauthorized commercial VASPs and financial service providers will face fines of at least $13,500 and $6,750, respectively.

Dell Technologies Founder May Invest in Bitcoin, Raising Market Expectations

Dell Technologies founder and CEO Michael Dell's social media post stating "scarcity creates value," a phrase often associated with Bitcoin, caught the attention of Bitcoin supporter Michael Saylor. Dell's subsequent retweet of Saylor's reply has fueled market speculation that he may invest in Bitcoin either personally or through his company.

Softbank CEO Declares Company's Mission to Develop 'Artificial Super Intelligence'

Softbank CEO Masayoshi Son predicts that artificial intelligence (AI) will be one to 10 times smarter than humans by 2030 and 10,000 times smarter by 2035. Speaking at Softbank's annual meeting in Tokyo on June 21, Son delivered an emotional speech outlining the company's future priorities, emphasizing AI's critical role in their strategic vision.

Bitcoin Miners Sell Over 30,000 BTC Since June, Marking Fastest Pace in Over a Year

Bitcoin miners have sold over 30,000 BTC (approximately $2 billion) since June, marking the fastest sell-off pace in over a year. The recent halving, which reduced mining rewards, has decreased profitability, prompting this significant sell-off.

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