FameEX Morning Crypto News Recap | June 2, 2023

Russian Enterprises Appeal to Putin for Assistance in Legalizing Cryptocurrencies
A business association in Russia has appealed to President Putin for assistance in the process of legalizing cryptocurrencies. Their recommendations, which focus on incorporating digital currencies into international trade settlements, have been included in a comprehensive report submitted to the country's leader for consideration and potential action towards cryptocurrency legalization.

Elon Musk Issues Warning: Commercial Real Estate in Rapid Decline, Foresees Impacted Home Values
Elon Musk has raised concerns about the rapid decline of commercial real estate, predicting that it will soon affect home values. While some experts, like Barbara Corcoran, agree that commercial real estate is heading for trouble, there are differing opinions about the impact on residential real estate. Corcoran believes the commercial market will face a challenging period before any improvement occurs.

Economist Peter Schiff Issues Dire Warning: US Dollar Crisis Imminent, Anticipates 'Catastrophic End' with Uncontrolled National Debt
Economist Peter Schiff has issued a warning about an imminent U.S. dollar crisis. He believes that the recent debt ceiling agreement will enable unchecked government spending and borrowing, leading to a catastrophic end when a sovereign debt and U.S. dollar crisis eventually unfolds.

Tether Sets New Market Cap Record, Surpassing $83.23 Billion
Tether, the stablecoin issuer, broke its own record as the market capitalization of its dollar-linked token USDT surpassed $83.2 billion on June 1, 2023. This marks a remarkable 27.15% increase in value since November 2022, when it reached a low of $65.43 billion in market cap.

Cleanspark Boosts Hashrate with $40.5M Acquisition of 12,500 Bitcoin Miners
Cleanspark, a publicly-traded bitcoin mining company, announced the acquisition of 12,500 Antminer S19 XP bitcoin miners for $40.5 million on June 1, 2023. This purchase is projected to significantly boost Cleanspark's hashrate, adding an additional 1.76 exahash per second (EH/s) to their mining capabilities.

Georgian Central Bank Initiates Anti-Money Laundering Investigation into Crypto Companies
The National Bank of Georgia (NBG) is set to introduce mandatory supervision of virtual asset service providers (VASPs) from September 1, 2023. This move aims to prevent money laundering and ensure compliance with sanctions, as Georgia, a cryptocurrency-friendly country, takes steps to monitor crypto firms.

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