FameEX Morning Crypto News Recap | July 17, 2023

Robert Kiyosaki's Warning: A Looming Catastrophic Crash and the Impending Decline of the US Dollar
Robert Kiyosaki, author of Rich Dad Poor Dad, has issued a dire warning about an upcoming massive crash and the impending demise of fiat money, including the US dollar. He advised investors to acquire gold, silver, and bitcoin, as he believes the USD is headed for extinction. These remarks coincide with discussions within the BRICS economic bloc about potentially introducing a gold-backed common currency.

Europe Braces for the Upcoming Launch of Its First Bitcoin ETF in the Coming Weeks
After a year-long delay due to the cryptocurrency market downturn, Europe's first bitcoin exchange-traded fund (ETF) is set to launch in July. Authorized in Guernsey, a jurisdiction recognized for its flexibility, the ETF seeks to circumvent specific regulatory challenges associated with the European Union.

Weekly NFT Sales Drop 4.33% as Bitcoin Burials NFT Achieves $1.68 Million Sale
NFT sales dipped 4.33% from the previous week, amounting to $148.55 million. Ethereum was the only exception, as four out of the top five NFT blockchain platforms observed a decline in sales volume compared to the prior week.

Yellen Highlights Ukraine Support as Crucial for Global Economy Ahead of G20 Summit
U.S. Treasury Secretary Janet Yellen highlighted Ukraine support as the top priority for the global economy. She cautioned against prematurely removing trade restrictions on China due to concerns about unfair trade practices, emphasizing the significance of upholding international economic fairness.

Former SEC Official Expresses Doubts about SEC v Ripple Ruling on XRP, Highlighting Shaky Foundation of the Decision
Former SEC Internet Enforcement Chief Warns of Potential Reversal in SEC v. Ripple Case, Criticizing Unequal Investor Protection between Institutions and Retail Investors, Raising Concerns over Disparity.

India and UAE Sign Landmark Agreement for Trade Settlements in Rupees and Dirhams, Diversifying Away from US Dollar Hegemony
India and the UAE have agreed to conduct trade settlements in their own currencies, the rupee and dirham, in a move to reduce dependence on the US dollar. The integration of the UAE's Instant Payments Platform (IPP) with India's Unified Payments Interface (UPI) was announced during Indian Prime Minister Narendra Modi's visit to the UAE.

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