FameEX Morning Crypto News Recap | March 28, 2024

Goldman Sachs Observes 'Considerable Engagement in Cryptocurrency from Major Clients'

Goldman Sachs reports an uptick in cryptocurrency involvement from its top clients, driven by the green light for spot Bitcoin ETFs and a recovery in BTC values. According to the bank's Asia Pacific digital assets lead, the approval of these ETFs has sparked a renewed wave of interest and engagement in the cryptocurrency market among their customers.

Tether Initiates Global Recruitment Campaign to Enhance Its AI Operations

Tether Operations Limited, known for the Tether stablecoin, is expanding its focus on artificial intelligence (AI) and initiating a global hunt for top-notch professionals for its AI sector. With an ambition to establish innovative standards in the industry, Tether is dedicating itself to the advancement of open-source AI technologies.

Bank of Japan's Executive Director Predicts Sustained 2% Inflation Rate and Ongoing Accommodative Monetary Stance in Near Future

The Bank of Japan's Executive Director, Yoshiko Shimizu, predicts a stable inflation rate of about 2% in the near future. This outlook suggests that the bank plans to maintain steady interest rates, promoting a prolonged period of lenient monetary policy to foster economic stability and expansion.

Fed's Waller: No Urgency to Reduce Interest Rates Given Present Economic Climate

Fed Governor Waller cautions against immediate interest rate cuts in light of the economic climate, indicating that the Fed is likely to sustain its rate target for a more extended duration. Data presently forecast a decrease in the expected number of rate cuts for the year.

Slowdown in Australia's Inflation Decrease Renders RBA Interest Rate Reductions Improbable This Year

HSBC economists, Paul Bloxham and Jamie Culling, report that Australia's inflation has fallen from its late 2022 peak but now shows signs of a decelerating decrease. Based on this, they forecast that the Reserve Bank of Australia is unlikely to enact interest rate cuts throughout this year, adjusting expectations based on the latest trends.

BitDeer Seeks $500 Million Funding to Grow Bitcoin Mining Activities

BitDeer is aiming to raise $500 million through a financial advisor to enhance its Bitcoin mining efforts and pursue additional projects. The specifics of the funding are in flux and subject to adjustments, with a BitDeer spokesperson opting not to comment on the matter.

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