FameEX Morning Crypto News Recap | April 18, 2024

Google Searches for Bitcoin Halving Hit All-Time High

According to Google Trends, interest in 'Bitcoin halving' has surged to its highest levels ever. The current score is at 45, with projections suggesting it could climb to a peak of 100 by the end of the month. This level of interest is more than double that observed during the last halving in 2020, indicating a substantial increase in public curiosity.

Exploring CBDC: MIT Teams Up with German Central Bank in New Project

The Deutsche Bundesbank has teamed up with MIT's Digital Currency Initiative to explore central bank digital currencies (CBDC). At the project's inauguration, Joachim Nagel, President of the German central bank, outlined the significant challenges facing the development and implementation of a digital euro, emphasizing the complexities involved.

US Senators Introduce New Stablecoin Legislation

Senators Kirsten Gillibrand and Cynthia Lummis introduced legislation to regulate stablecoin issuers and users. The bill prohibits "unbacked, algorithmic stablecoins," requires issuers to maintain one-to-one reserves, sets up state and federal regulatory frameworks, and seeks to curb illegal uses of stablecoins, drawing from the TerraUSD depegging event in 2022.

Cyprus Continues FTX Europe License Suspension Through September

The Cyprus Securities and Exchange Commission has extended FTX Europe's license suspension amid ongoing issues from the FTX cryptocurrency exchange collapse. This move prevents FTX Europe from providing services until September 2024, highlighting continued difficulties in addressing the wider FTX crisis.

Top Five Bitcoin Miners Retain Holdings Despite Halving Event

In the first quarter of 2024, the top 5 Bitcoin mining firms sold merely 2,000 BTC, hitting a two-year low, according to Bitwise. This is a notable decrease from Q4 2023, where sales surpassed 7,000 BTC. The sharp decline suggests a substantial slowdown in Bitcoin selling by major miners, indicating possible changes in the market. Not since Q1 2022 have sales fallen below 2,000 BTC.

Exploring Web3 Gaming and AI: TikTok's Parent Company Delving into On-Chain Opportunities

ByteDance's enterprise tech arm, BytePlus, enters Web3 by teaming up with Mysten Labs, developers of the Sui blockchain. Their collaboration integrates BytePlus's advanced tools, such as ByteHouse, a cloud-based data warehouse, with Sui's full-node data. This strategic move marks ByteDance's entry into blockchain, aiming to harness its solutions within the Web3 landscape.

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