FameEX Morning Crypto News Recap | April 29, 2024

Australia Anticipates Debut of Bitcoin ETF by Late 2024

Following the United States and Hong Kong, Australia is set to launch its own Bitcoin ETF. Sources indicate that ASX Ltd., Australia's largest stock exchange, which manages roughly 80% of the country's stock transactions, plans to approve the first batch of Bitcoin spot ETFs for listing on its main board by the end of 2024.

Consensys Challenges SEC, Denies Claim That Ethereum Is a Security

Consensys has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), challenging its attempt to classify Ethereum as a security. The blockchain software company argues that the SEC is unlawfully trying to regulate Ethereum through targeted enforcement actions against Consensys and other firms, sparking significant controversy in the process.

Advisers to Former President Donald Trump Consider Penalties for Countries Abandoning US Dollar

Former U.S. President Donald Trump's economic advisers are developing measures to discourage countries from moving away from the U.S. dollar, including export controls, currency manipulation accusations, and tariffs. Despite these efforts, Trump is dedicated to maintaining the dollar's status as the world's primary reserve currency, even as BRICS nations actively pursue dedollarization strategies.

Japanese Yen Plunges to 34-Year Low Versus Surging US Dollar

Last week, the Japanese yen reached its lowest value since 1990 against the U.S. dollar, influenced by Japan’s monetary policy and uncertain economic data from the United States. Finance Minister Shunichi Suzuki and other Japanese officials expressed concerns about the yen's swift decline, indicating that interventions to stabilize the currency might soon be necessary.

Europe Requires 'Airbus for the Metaverse' to Lead Globally in Web4

LSE Consulting, linked to the London School of Economics, has outlined a strategy for Europe to dominate the emerging Web 4.0 sector. The report suggests that Europe's best strategy is to create an Airbus-style industrial conglomerate focused on innovating and expanding the metaverse, positioning the EU as a leader in this advanced digital arena.

Google Cloud's Launch of Web3 Portal Ignites Discussion in the Crypto Industry

Google Cloud has unveiled a new Web3 portal providing blockchain developers with learning resources, data sets, and tutorials for creating non-fungible tokens (NFTs). This introduction has elicited a range of reactions from the crypto industry, reflecting diverse perspectives on its potential impact and utility.

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