FameEX Morning Crypto News Recap | April 2, 2024

Peter Schiff Warns: A Major Event Is Unfolding That Few Investors Are Ready For

Economist and gold advocate Peter Schiff has issued a warning about a significant event that many investors, along with governments and central banks, are ill-prepared for. He specifically pointed out that upcoming Federal Reserve rate cuts are likely to exacerbate the inflation issue, highlighting a concerning economic outlook.

48 US Legislators Request SEC Chair Gensler to Specify if ETH Constitutes a Security, Citing Potential 'Adverse Effects'

Forty-eight U.S. lawmakers have reached out to SEC Chairman Gary Gensler, requesting clarity on whether ether qualifies as a security. They express concern that categorizing ETH as a security, whether implicitly or directly, could have widespread negative impacts on the digital asset marketplace, affecting it both immediately and over time.

Bitcoin Mining Revenue Reaches All-Time High of $2 Billion in March Before Halving Occurrence

In March, bitcoin miners experienced a surge in revenue, reaching a 12-month peak of $2.01 billion, derived from mining rewards and transaction fees. Notably, $85.81 million of this total came from transaction fees alone, marking a significant milestone in the cryptocurrency mining industry.

Ethereum Co-Founder Vitalik Buterin Expresses Openness to Meme Coins

Ethereum co-founder Vitalik Buterin has shared his perspective on meme coins, recognizing the negative aspects of meme currency culture while appreciating "the desire of people to have fun." He sees potential in meme coins for positive impacts, highlighting charity tokens and "Robin Hood games" such as Axie Infinity, which offer financial advantages to players with low income.

Hong Kong Lawmakers Propose Government Support for Web3 Use Cases to Draw Technical Talent

In an article for Sing Tao Daily, Hong Kong Legislative Council member Qiu Dagen proposed that the government should endorse Web3 application scenarios to attract tech teams and bolster blockchain technology's development and practical application in Hong Kong, highlighting the potential for technological advancement and innovation within the region.

OpenAI Set to Launch Its Inaugural Asia Office in Japan by Mid-April

OpenAI is set to inaugurate its first office in Asia, specifically in Japan, by mid-April, marking its venture into the region. The organization aims to offer specialized services to businesses and contribute to formulating guidelines for the ethical use of generative AI technology.

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