FameEX Morning Crypto News Recap | April 24, 2024

BlackRock, Grayscale Await SEC Decisions on Spot ETH ETFs

The U.S. Securities and Exchange Commission (SEC) has postponed its decisions on the spot Ether ETF applications from BlackRock and Grayscale. This comes shortly after a similar delay for Franklin Templeton's spot ETH ETF. Notices were issued concerning Grayscale's postponement and an amendment to BlackRock's application, highlighting the SEC's cautious stance on these cryptocurrency ETFs.

Fidelity's Bitcoin ETF Garners $40M in Biggest Single Investment by Advisers

Fidelity's Bitcoin ETF, the Fidelity Wise Origin Bitcoin Fund (FBTC), has achieved a new record with a $40 million investment, the largest ever in a Bitcoin fund. Traditional U.S. financial advisers Legacy Wealth Management and United Capital Management of Kansas each invested $20 million, marking a significant milestone in the fund's history.

Ripple Challenges SEC's $2 Billion Fine, Argues for Penalty Cap at $10 Million

Ripple contests the SEC's $2 billion fine, pushing for a $10 million limit. In a recent filing, Ripple Labs opposes the SEC's request to a federal judge for the hefty fine. Additionally, Ripple urges the court to dismiss the SEC's pleas for injunction, disgorgement, and pre-judgment interest. This highlights Ripple's defiance against the SEC's regulatory actions.

Blockchain Association and Crypto Advocacy Group Challenge SEC with Lawsuit Over 'Dealer Rule'

The Blockchain Association and the Crypto Freedom Alliance of Texas have filed a lawsuit against the SEC in the Northern District of Texas. Announced on April 23, the suit challenges the SEC's recent broadening of the "Dealer Rule." According to the groups, this rule curtails innovation in the U.S. digital asset sector, stifling development and progress in the industry.

Vietnamese Tech Company Collaborates with Nvidia to Develop $200M AI Factory

FPT and Nvidia disclosed intentions to invest $200 million in an AI factory in Vietnam, envisioning it as a hub for AI and cloud computing. The joint initiative, unveiled on April 23, focuses on developing AI products, GPU infrastructure, and expertise to aid local clients. This partnership aims to fortify Vietnam's IT industry by offering a centralized platform for AI advancements.

Finnish Households Harness Bitcoin Mining for Heating Needs

Bitcoin mining operations in Finland serve a dual purpose as heating solutions for homes by integrating hydro-cooled ASIC mining devices with the district heating system. Utilizing the WhatsMiner M63S, the project generates heat, which is channeled through the existing district heating infrastructure to heat several buildings. This innovative initiative enables households to earn from industrial Bitcoin mining while ensuring warmth.

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