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FameEX Morning Crypto News Recap | October 9, 2023

2023-10-09 12:23:45

Joe Rogan Identifies Bitcoin as the Leading Candidate for a 'Universal and Feasible Currency'

OpenAI's CEO, Sam Altman, discussed artificial intelligence (AI) on the Joe Rogan Experience podcast. Rogan expressed a keen interest in Bitcoin, describing it as the most intriguing cryptocurrency. He further elaborated on his belief that Bitcoin has the potential to become a universally accepted and practical currency, emphasizing its significance in the crypto world.

Charlie Munger, Berkshire Hathaway's Vice Chair, Cautions That the Majority of Crypto Investments Will Become Worthless

Charlie Munger, Berkshire Hathaway's Vice Chairman and Warren Buffett's longtime associate, has voiced his belief that the majority of cryptocurrency investments will ultimately hold no value. He singled out Bitcoin, labeling it as the "stupidest investment" he has ever encountered. Munger's comments reflect his skepticism toward cryptocurrencies as long-term investments.

NFT Sales Suffer Prolonged Decline, No Respite in Sight

Despite a slight uptick in the broader cryptocurrency market, NFT sales have continued a downward trajectory for seven consecutive weeks. In the latest week, NFT transactions amounted to $66.11 million, signifying an 11.65% decline compared to the previous week, highlighting the divergence between NFTs and the overall crypto market performance.

Bitcoin Remains in 'Neutral' Phase Amid Market Consolidation Indicated by Fear and Greed Index

As of October 8, 2023, Bitcoin's price is slightly below $28,000, reflecting a 2.6% increase over the past week. The Crypto Fear and Greed Index (CFGI) currently registers a neutral score of 50, consistent with the previous week. Technical analysis supports this equilibrium, suggesting that Bitcoin's price has settled within a narrower trading range, indicating a balanced market sentiment.

Ripple's Chief Technology Officer Aims to Secure Community Agreement for XRPL AMM Feature Integration

Ripple's CTO, David Schwartz, has suggested that XRP Ledger (XRPL) validators should back the implementation of an automated market maker (AMM) feature. However, he emphasized the condition that this integration should only proceed if there is a unanimous agreement within the XRPL community. This move reflects Ripple's commitment to community-driven decisions for the development of its blockchain technology.

Attorney Anticipates Potential Resolution of SEC vs. Ripple Case by 2027

Renowned attorney Jeremy Hogan shared his insights on the future of a particular legal case on X (formerly Twitter). He outlined various potential scenarios and indicated that a resolution might become achievable by the year 2027, offering a glimpse into the case's possible trajectory and timeline.

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

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