FameEX Morning Crypto News Recap | September 4, 2023

Sorting Truth from Speculation: Unraveling Theories Surrounding Alleged Bitcoin Acquisition by BlackRock
The SEC postponed approval for seven spot Bitcoin ETFs, including BlackRock's Ishares Bitcoin Trust. During August 13-31, Bitcoin whales increased holdings by $1.5 billion, as per Into The Block metrics. Amid price consolidation, social media crypto influencers speculate about a secretive Bitcoin acquisition by BlackRock.

US Lawmaker Differs from SEC Chair, Claims Crypto Industry Lacks Widespread Noncompliance
A US congressman has countered SEC Chairman Gary Gensler's claim that the crypto industry is filled with noncompliance. The response comes after recent legal cases where judges ruled in favor of cryptocurrency companies against the securities regulator.

Ex-SEC Chair: Institutional Demand for BTC Access Evident, Inevitable Approval of Spot Bitcoin ETFs
Former SEC Chair Jay Clayton has emphasized the inevitable approval of a spot Bitcoin exchange-traded fund (ETF). He highlighted the evident demand from both retail and institutional investors for Bitcoin access as a driving factor behind this perspective.

Economist Peter Schiff Cautions that Bidenomics Faces Impending Exposure for Fraudulent Aspects
Economist Peter Schiff alerts that Bidenomics faces exposure for its fraudulent nature as rising inflation and unemployment collide with a cooling economy. He foresees a deeper recession and job losses due to increased inflation and interest rates once the dollar weakens, dubbing it the essence of Bidenomics.

NFT Sales Decline for Third Consecutive Week During Crypto Market Slump
Non-fungible token (NFT) sales continue to decline, dropping over 10% compared to the previous week. Total transactions since August 26, 2023, amount to $85,046,840, marking the third consecutive week of falling NFT sales. The decline reflects the broader crypto market downturn and its significant influence on the NFT marketplace.

UK Members of Parliament (MPs) Advocate for Global Coalition to Address AI Misuse
The Science, Innovation, and Technology Committee (SITC) advised the UK government to collaborate with democratic nations to prevent the misuse of AI. The committee's report suggests forming a global alliance to counter both state-affiliated and non-state actors misusing AI for their goals.

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