FameEX Morning Crypto News Recap | April 29, 2024

Australia Predicts Bitcoin ETF Launch by End of 2024

Following the United States and Hong Kong, Australia is preparing to introduce its first Bitcoin ETF. Insiders report that ASX Ltd., the country's primary stock exchange handling about 80% of stock transactions, aims to approve and list the initial batch of Bitcoin spot ETFs on its main board by late 2024.

Consensys Files Lawsuit Against SEC, Rejects Assertion That Ethereum Is a Security

Consensys has initiated a lawsuit against the U.S. Securities and Exchange Commission (SEC), disputing its effort to classify Ethereum as a security. The blockchain firm alleges that the SEC is improperly attempting to regulate Ethereum by selectively targeting Consensys and other companies, which has led to considerable controversy.

Former President Trump's Advisers Evaluate Penalties for Nations Moving Away from US Dollar

Former U.S. President Donald Trump's economic team is formulating measures such as export controls, allegations of currency manipulation, and tariffs to discourage nations from reducing their reliance on the U.S. dollar. Despite these initiatives, Trump remains committed to preserving the dollar's status as the global reserve currency, even as BRICS countries intensify their efforts towards dedollarization.

Japanese Yen Drops to 34-Year Low Against Rising US Dollar

Last week, the Japanese yen dropped to its lowest level since 1990 against the U.S. dollar, impacted by Japan's monetary policy and uncertain U.S. economic data. Finance Minister Shunichi Suzuki and other officials expressed concerns about the rapid depreciation, hinting at possible interventions to stabilize the currency soon.

Europe Needs an 'Airbus for the Metaverse' to Dominate Global Web4 Leadership

LSE Consulting, affiliated with the London School of Economics, has detailed a strategy for Europe to lead in the burgeoning Web 4.0 sector. Their report advocates for the formation of an Airbus-like industrial conglomerate dedicated to innovating and developing the metaverse, aiming to position the EU at the forefront of this advanced digital frontier.

Google Cloud's Introduction of Web3 Portal Triggers Debate Within Crypto Industry

Google Cloud has launched a new Web3 portal that offers blockchain developers various resources, including data sets and tutorials for creating non-fungible tokens (NFTs). The launch has sparked varied reactions across the crypto industry, highlighting differing views on its potential impact and usefulness.

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