FameEX Morning Crypto News Recap | June 14, 2023

New Study Unveils Bitmain's S19 Mining Rigs as Dominant Force in Bitcoin Network's Hashrate
On June 13, Coin Metrics researchers published a study unveiling a new nonce analysis method for bitcoin mining. This allows for identifying specific mining rigs and evaluating their energy usage and effectiveness. The results show Bitmain's continued dominance, with three primary Antminer models holding the majority of the network's hashrate.

Uniswap Revolutionizes with Release of Version 4, Enabling Customizable Liquidity Pools through Innovative Hooks
Uniswap, the top decentralized exchange (dex), has offered a glimpse of its upcoming Version 4 and shared an initial implementation of the code. Version 4 brings significant improvements, allowing users to customize liquidity pools using a feature called "hooks." Uniswap intends to provide enhanced flexibility and advanced capabilities to its users through this latest release.

US Inflation Moderates at 4% Annual Rate, Impacting Fed's Interest Rate Policy Considerations
The U.S. Bureau of Labor Statistics' consumer price index (CPI) report reveals that the annual inflation rate in the United States has eased to 4%. This development occurs ahead of the upcoming Federal Open Market Committee (FOMC) meeting, where it is anticipated that the Federal Reserve will keep the current benchmark interest rate unchanged.

Most Americans Show Resistance to Embracing Central Bank Digital Currency, Reveals Survey
A recent survey by the Cato Institute and YouGov reveals that most Americans are hesitant to embrace a central bank digital currency (CBDC). The findings underscore the relatively low level of support for CBDC among respondents, indicating a reluctance to adopt such a digital currency.

Legal Expert Contends SEC is Ill-suited for Regulating Digital Assets, Citing Hinman Documents
The recently unsealed Hinman documents, made public on June 13, shed light on a significant speech delivered by Bill Hinman, the former director of the SEC's corporation finance division. In his 2018 speech, Hinman stated that Ether, a prominent cryptocurrency, should not be considered a security.

SEC Receives 'Exchange' Definition Proposal from Blockchain Association and House Republicans
The SEC has extended the comments period for its proposed amendment to Rule 3b-16 of the Securities Exchange Act of 1934, which closed on June 13. The last-minute comments were submitted by the Blockchain Association and Republican House Committee on Financial Services members.

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