FameEX Morning Crypto News Recap | May 31, 2024

SEC Requires Spot Ethereum ETF Issuers to Submit Revised S-1 Forms

The U.S. Securities and Exchange Commission (SEC) has directed issuers of potential spot Ethereum ETFs to submit revised S-1 forms by Friday. It may take several weeks for the S-1 forms to become effective, which is required for trading to start.

US Medical Technology Company Semler Scientific Invests $40 Million in Bitcoin

The chairman of Semler Scientific, motivated by MicroStrategy's successful Bitcoin investments, allocated $40 million to Bitcoin. Previously, Semler had declared Bitcoin its primary reserve asset. This announcement led to a surge in the company's stock price, increasing by over 25%.

Nubank, a Brazilian Digital Bank, Launches New Cryptocurrency Transfer Feature

Nubank, a Brazilian digital bank, has launched a feature that allows users to transfer cryptocurrencies directly through their personal wallets. The bank intends to expand this service by gradually incorporating additional virtual currencies and networks.

PwC Partners with OpenAI as Largest Customer and Premier ChatGPT Enterprise Distributor

OpenAI announced that PwC has become its biggest customer with 100,000 users and the first to distribute ChatGPT Enterprise Edition. Released in August 2023, this version provides faster, unlimited interactions and features the capability to create tailored models for diverse applications, enhanced with advanced analytics and tools.

SEC Commissioner Suggests Protected Environment for Digital Securities Trials

Securities and Exchange Commissioner Hester Pierce proposed a cross-border sandbox initiative for U.S. and U.K. blockchain companies dealing with tokenized securities. Her plan encourages risk-free collaboration between these firms, promoting a secure environment for experimenting with new digital securities technologies.

Elon Musk States He Never Had Cryptocurrency Conversations with Trump

Elon Musk stated on social media that he has never had discussions about cryptocurrency with Trump. He supports the idea of cryptocurrency as a means to shift power from the government to the public.

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