FameEX Morning Crypto News Recap | June 12, 2023

Retail Investors Given Access to Digital Asset Trading by Russia's Largest Bank
Sberbank, the majority state-owned lender in Russia, is set to enable Russian citizens to trade digital assets. Starting this month, private individuals will gain access to the bank's own blockchain platform, according to a top executive from Sberbank.

Robert Kiyosaki, Author of Rich Dad Poor Dad, Issues Stark Warning of 'Biggest Real Estate Crash in History
Renowned author Robert Kiyosaki, famous for "Rich Dad Poor Dad," cautions that a massive real estate crash is imminent, surpassing the 2008 financial crisis. To safeguard against this, he advises investors to secure their assets by investing in gold, silver, and bitcoin.

Economist Peter Schiff Claims US Banking System Destroyed by the Fed, Deems It Insolvent
Economist Peter Schiff claims that the U.S. banking system is in a state of insolvency, blaming the Federal Reserve for its destruction. He highlights the disparity between near-zero interest rates at banks and higher real inflation rates, warning of a potential collapse greater than that of 2008.

Report Reveals Turks Embracing Tether in Response to Record Inflation and Restricted Dollar Access
With the Turkish lira facing significant devaluation against the U.S. dollar, people in Turkey are turning to stablecoins for stability. Following the cessation of central bank interventions after the recent presidential vote, the lira experienced a record decline in its exchange rate with the dollar, prompting individuals to seek refuge in alternative digital currencies.

OpenAI CEO Identifies South Korean Chip Sector as Key for AI Expansion and Investment
OpenAI CEO Sam Altman met with South Korean President Yoon Suk Yeol, encouraging South Korea to take a prominent position in chip manufacturing for artificial intelligence (AI). Altman expressed interest in investing in Korean startups and collaborating with major chipmakers such as Samsung Electronics.

Data Reveals MicroStrategy's Potential 54% Gain and $2B Lead If They Had Chosen ETH Over BTC
As of June 11, 2023, MicroStrategy, a publicly-listed company, held 140,000 bitcoin (BTC) on its balance sheet. However, data analysis from blockchaincenter.net reveals a 14% decrease in the value of their investment. Interestingly, if MicroStrategy had invested in ethereum (ETH) instead of BTC, their portfolio would have grown by 54%.

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