FameEX Morning Crypto News Recap | May 28, 2024

Kaiko Research Finds Spot Ethereum ETF Approval Beneficial for Ethereum's Long-Term Growth

Kaiko's research emphasizes that the approval of the spot Ethereum ETF reduces regulatory uncertainty, benefiting Ethereum's long-term growth. Although there may be short-term resistance, the approval implies that the SEC considers Ethereum primarily a commodity, not a security, thus clarifying its regulatory status.

Global Bitcoin ETFs Surpass 1 Million Bitcoins, U.S. ETFs at the Forefront

Global Bitcoin ETFs collectively hold over 1 million Bitcoins, spanning countries such as the U.S., Sweden, Hong Kong, and more, according to Bold.report. U.S. ETFs dominate, with Grayscale GBTC holding approximately 292,000 BTC, BlackRock IBIT around 280,000 BTC, and Fidelity FBTC about 162,000 BTC, summing up to roughly 734,000 BTC in total.

Nomura Securities and GMO Internet Team Up to Issue USD and JPY Stablecoins in Japan

Nomura Securities and GMO Internet are partnering to potentially issue US dollar and Japanese yen stablecoins in Japan through Nomura's subsidiary, Laser Digital. This collaboration aims to deliver stablecoin-as-a-service solutions, improving accessibility and utility of digital assets in the Japanese market.

Gold Prices Under Strain as Fed Officials Adopt Tough Stance

Gold prices are under pressure from hawkish Federal Reserve officials and strong U.S. economic data, UBS analyst Giovanni Staunovo reports. With postponed expectations for a Fed rate cut, attention shifts to Friday's release of the personal consumption expenditure price index, a crucial inflation measure favored by the Federal Reserve.

Former US President Trump's Cryptocurrency Holdings Exceed $10 Million

Former US President Donald Trump's cryptocurrency assets total $10,302,518.35. These include 579,290 TRUMP tokens worth $7.5 million, 463.35 Ethereum (ETH) valued at $1.81 million, and 374.69 Wrapped Ethereum (WETH) worth $1.17 million.

ECB's Rehn Declares Interest Rate Cuts to Begin in June

ECB board member Rehn announced that interest rate cuts are set to begin in June, as inflation steadily approaches the 2% target. This move, signaling a shift to a more relaxed monetary policy, aims to sustain the target inflation rate effectively.

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