FameEX Morning Crypto News Recap | May 22, 2024

Grayscale and Fidelity Withdraw Staking-Related Content from Ethereum Spot ETF Applications

Grayscale has removed staking-related content from its Ethereum spot ETF application, as seen in an amended preliminary proxy statement. Previously, Grayscale suggested that Ethereum could be staked through the trust fund, but this language was absent in the recent amendment submitted on Tuesday. Fidelity and other issuers have made similar revisions to their applications.

The European Union Launches New Organization to Develop Blockchain Infrastructure, with Participation from 10 Member States

On Tuesday, the European Union established a new organization to implement blockchain infrastructure, aiming to enhance record-keeping and data transfer among the 27 EU member states. This development occurred during the European Council Telecommunications Ministers' Meeting in Brussels, where the EU's landmark artificial intelligence law was also approved.

Rabobank Strategists Forecast Potential Strengthening of USD/JPY

Jane Foley, a foreign exchange strategist at Rabobank, stated that if the U.S. economy weakens, potentially leading the Federal Reserve to cut interest rates in September and December, the yen could strengthen against the dollar. Additionally, if the Bank of Japan raises interest rates again this year, it could reduce some of the upward pressure on the dollar against the yen.

Fed Governor Waller: Progress Toward 2% Inflation Likely Slow, No Rate Hikes Anticipated

Federal Reserve Board Governor Waller recently stated that inflation returning to 2% may progress much slower than anticipated last year. He also indicated that he does not foresee an interest rate hike occurring.

Ethereum Co-Founder Vitalik Buterin Warns of AI Risks, Suggests Countermeasures

Ethereum co-founder Vitalik Buterin discussed AI on the X platform, stating that super-intelligent AI poses significant risks and should not be developed hastily. He emphasized that efforts to accelerate its advancement should be opposed.

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