FameEX Morning Crypto News Recap | June 6, 2023

Tether Broadens Green Bitcoin Mining Investments, Backs Volcano Energy in El Salvador
Tether, the stablecoin issuer, has revealed its investment in Volcano Energy, a Bitcoin mining operation based in El Salvador. This announcement comes after Tether's earlier plans to establish a sustainable mining facility in Uruguay. By expanding its investments in green Bitcoin mining, Tether aims to support environmentally friendly practices within the cryptocurrency industry and contribute to the development of sustainable energy solutions.

XRP Defies Market Trend as Supporters Maintain Optimism Regarding Lawsuit Outcome
While the overall cryptocurrency market has experienced a 1.5% decline in the past 24 hours, XRP has defied the trend by recording gains. XRP has surged more than 10% in the last week and has seen a year-to-date increase of 35% against the U.S. dollar.

Bitcoin Interest Plummets to Lowest Level in 7 Months, According to Google Trends Data
Google Trends data indicates that global interest in the term "bitcoin" has reached its lowest level since October 2022, scoring only 17 out of 100. This marks a significant decline from June 2022 when the search query for bitcoin scored 64 out of 100, suggesting a sharp decrease in active interest.

Crypto Returns Surge Up to 41% Following Launch of ChatGPT AI
Since its launch in November 2022, ChatGPT has achieved remarkable growth, surpassing 1 million daily users within five days and reaching 100 million monthly users by January 2023. As of June 2023, the exact number of monthly users remains undisclosed, but there are reports speculating that it could be as high as 1 billion.

Hong Kong's Regulatory Advancements Position It as a Prominent Crypto Hub
Hong Kong is emerging as a leading cryptocurrency hub in Asia, contrasting with the cautious approach of other nations. As a major global economy and a center for investment and trade, the city's cosmopolitan nature, combined with its established infrastructure as a data hub for finance, shipping, trade, and retail, positions it favorably for crypto-related activities.

EU Officials Advocate for Mandatory Labeling of All AI-Generated Content
European Commission Vice President, Vera Jourova, emphasizes the need for public labeling of companies using generative AI tools that could contribute to disinformation. EU officials have engaged in discussions about implementing measures to enhance transparency of artificial intelligence (AI) tools, including OpenAI's ChatGPT, for the benefit of 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.