FameEX Morning Crypto News Recap | June 24, 2024

U.S. Government Holds $13.9 Billion in Bitcoin; German and UK Governments Also Hold Large Amounts

The U.S. government holds 217,486 bitcoins valued at $13.9 billion and 53,900 Ethereum worth $187 million. The German government holds 47,179 bitcoins valued at over $3 billion, while the British government holds 61,245 bitcoins worth approximately $3.9 billion.

Dubai Financial Services Authority Unveils Digital Asset Regime to Attract Global Web3 Companies

In an exclusive interview, DFSA President Zhuang Sitao announced that to attract global Web3 enterprises, DFSA has implemented two comprehensive digital asset systems: one for investment tokens (2021) and another for crypto tokens (2022). These systems clarify regulatory expectations and promote virtual asset growth in Dubai.

Nigeria SEC Amends Digital Asset Rules, Fast-Tracks Regulatory Incubation Program

The Nigerian Securities and Exchange Commission (NSEC) has updated digital asset rules and expanded its regulatory scope. It introduced the Accelerated Regulatory Incubation Program (ARIP) to speed up onboarding for virtual asset service providers (VASPs). Unauthorized commercial VASPs and financial service providers will face fines of at least $13,500 and $6,750, respectively.

Dell Technologies Founder Considering Bitcoin Investment, Boosting Market Anticipation

Dell Technologies founder and CEO Michael Dell's post saying "scarcity creates value," often linked to Bitcoin, caught Bitcoin supporter Michael Saylor's attention. Dell's retweet of Saylor's reply has sparked speculation that Dell might invest in Bitcoin personally or through his company.

Softbank CEO Announces Company's Goal to Develop 'Artificial Super Intelligence'

Softbank CEO Masayoshi Son predicts AI will be one to 10 times smarter than humans by 2030 and 10,000 times smarter by 2035. At Softbank's annual meeting in Tokyo on June 21, Son delivered an emotional speech outlining the company's future priorities, emphasizing AI's critical role in their strategic vision.

Bitcoin Miners Sell Over 30,000 BTC Since June at Fastest Pace in Over a Year

Bitcoin miners have sold over 30,000 BTC (around $2 billion) since June, the fastest pace in over a year. This significant sell-off is due to the recent halving, which reduced mining rewards and decreased profitability.

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