FameEX Morning Crypto News Recap | September 4, 2023

Distinguishing Reality from Speculation: Investigating Theories About BlackRock's Purported Bitcoin Acquisition
SEC delays approval for seven Bitcoin ETFs, including BlackRock's Ishares Bitcoin Trust. Bitcoin whales accumulated $1.5 billion during August 13-31, according to Into The Block data. Amidst price consolidation, social media crypto influencers speculate on a covert Bitcoin acquisition by BlackRock.

US Legislator Disagrees with SEC Chair, Asserts Crypto Industry's Absence of Widespread Noncompliance
A US legislator has disputed SEC Chair Gary Gensler's assertion of widespread noncompliance in the crypto industry. This comes after recent legal cases where judges sided with cryptocurrency firms against the securities regulator.

Former SEC Chair Asserts: Growing Institutional Interest in BTC Access Makes Approval of Spot Bitcoin ETFs Unavoidable
Former SEC Chair Jay Clayton has underlined the inescapable endorsement of a spot Bitcoin exchange-traded fund (ETF). He accentuated the conspicuous demand from retail and institutional investors for access to Bitcoin as a pivotal factor influencing this standpoint.

Economist Peter Schiff Alerts to Looming Revelation of Fraudulent Aspects in Bidenomics
Economist Peter Schiff warns that rising inflation and unemployment clashing with a cooling economy will unveil the fraudulence of Bidenomics. He predicts a deeper recession, job losses, and heightened inflation and interest rates as the dollar weakens, labeling this the core of Bidenomics.

Third Consecutive Week Witnesses NFT Sales Drop Amid Crypto Market Slump
NFT sales have fallen over 10% from the previous week, totaling $85,046,840 since August 26, 2023. This marks the third consecutive week of declining NFT transactions, attributed to the wider crypto market slump's impact on the NFT marketplace.

UK Legislators Propose Formation of Global Alliance to Combat AI Misuse
The UK's Science, Innovation, and Technology Committee (SITC) urged government collaboration with democratic nations to curb AI misuse. Their report proposes establishing a worldwide alliance to counter AI misuse by state-affiliated and non-state actors.

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