News

Timely, comprehensive, professional, and accurate information and data to stay updated on the latest news about blockchain, cryptocurrency, and Bitcoin.

FameEX Morning Crypto News Recap | April 22, 2024
Yield Curve Inversion Hits Historic 656 Days, Mirroring Patterns Before Stock Market Crashes
The U.S. Treasury yield curve, comparing yields of two-year and ten-year bonds, has been inverted for 656 days, paralleling situations before major stock market crashes in 1929, 1974, and 2008. This extended period of inversion has led to active discussions among market observers, who are speculating about the potential future effects on the U.S. economy.
NFT Sales Decline More Than 25% While Bitcoin Leads in a Slowing Market
Recent data reveals that over a seven-day period ending April 21, 2024, NFT sales dropped by 25.48%, amounting to about $236.96 million. During this week, Bitcoin dominated the NFT market, contributing $111.8 million to the total sales since April 14.
Meme Coins Surpass General Crypto Market in Performance with Significant Gains
Over the past 24 hours, the meme coin sector of the crypto economy increased by 9.6% against the U.S. dollar. The Solana-based meme token BONK was the standout, surging 41.8%, while FLOKI also saw significant growth, rising 18.7%.
USA and Nigeria to Collaborate on AI Partnership for Economic Expansion
The USA and Nigeria are set to explore partnerships in the digital economy, emerging technologies, and artificial intelligence advancement. This collaboration was highlighted by Mr. Arthur Brown, Deputy Chief of Mission at the U.S. Embassy, during the closing of a four-day National Artificial Intelligence Strategy workshop in Abuja. This initiative aims to leverage AI for economic growth in both nations.
US Inflation Persistence Sparks Volatility in Emerging Market Currencies
The current volatility in emerging market currencies is primarily due to persistent US inflation and the resultant high US benchmark interest rates. This situation has led to shifting optimism among international investment institutions regarding global financial markets. Concerns are growing over the risks of "secondary inflation" in the US and potential declines in expectations for Federal Reserve rate cuts.
Proposed Stablecoin Regulation Bill by US Senator Faces Criticism
A bill co-sponsored by U.S. Senators Cynthia Lummis and Kirsten Gillibrand aiming to regulate stablecoins has faced criticism for possibly stifling innovation and infringing on First Amendment rights. The legislation specifically targets and bans "algorithmic payment stablecoins," which could significantly affect software developers and the wider tech community.
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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2024-04-22 07:40:05
Insights into the Rise of Bitcoin's Price Today
Bitcoin's price is on the rise today, surpassing $63,000, fueled by indications from on-chain data that wallets accumulating BTC are increasing their balances.
Source: www.cybermagonline.com
Bitcoin's price started its rebound on April 18, reclaiming the $63,000 mark as it spearheaded a broader market recovery in the crypto sphere. Market data illustrates that on April 18, Bitcoin surged swiftly from its opening at $60,618, marking a 5.5% increase to reach an intraday peak of $64,240. This upward momentum not only recuperated losses from April 17 but also sparked speculation among traders about whether the retracement has concluded. Let's delve into the factors contributing to today's rise in Bitcoin's price.
Market intelligence firm Santimet indicates that crypto crowd sentiment has shifted bearish after the recent downturn in Bitcoin's price. In an April 18 post on X, the firm revealed a chart illustrating consistent bearish commentary from the crypto community regarding Bitcoin, as well as other major tokens like Ether and Solana.
Social Volume and Sentiment to Crypto Source: Santiment
It illustrates a decline in mentions of the bull market or bull cycle on crypto social media platforms since March 14, coinciding with Bitcoin's record high of $73,835. Conversely, there has been a consistent uptick in mentions of the bear market bear cycle during the same period. The Bitcoin price has faced downward pressure due to diminished expectations of Fed rate cuts in 2024 and increasing geopolitical uncertainties, resulting in a 10% weekly decline at the time of reporting.
According to data from analysts, a platform monitoring emotions and sentiments surrounding Bitcoin, the Crypto Fear and Greed Index has notably decreased from last week's value of 76 and last month's figure of 79, both indicating extreme greed. However, it still remains within the greed zone, currently at 66. This indicates that Bitcoin traders maintain a positive outlook despite experiencing over a week of price corrections.
Bitcoin Fear & Greed Index, Source: Alternative
Bitcoin short liquidations have surged as today's price leap in the cryptocurrency market appears to be driven by a sharp movement in Bitcoin futures. Over the past 24 hours, more than $32.52 million in BTC short positions have been liquidated, contributing to a total of $174.9 million in liquidations across the crypto market, according to data from Coinglass. This surge in short liquidations coincides with a sudden rise in Bitcoin's price, indicating that traders who had opened short positions are facing losses as the market moves against them.
During Bitcoin's recent dip below $60,000, there was a notable surge in accumulation among investors. Data from showed a substantial movement of over 27,700 BTC, valued at approximately $1.72 billion, on April 15. Bitcoin accumulation is being facilitated through a reduction in BTC deposits on exchanges. Additional insights from CryptoQuant indicate that the volume of deposit transactions to identified exchange wallets began dwindling on March 5, coinciding with BTC surpassing its previous all-time high of $69,000. This trend persisted through April 12, despite a price drop of over 8% to a low of $65,115 on that day. From March 5, where there were 38,910 transactions, to April 15, the number of BTC deposits on exchanges declined to 21,866. Reduced BTC transfers to exchanges indicate a diminished inclination to sell, typically signaling a bullish sentiment.
Disclaimer: FameEX makes no representations on the accuracy or suitability of any official statements made by the exchange regarding the data in this area or any related financial advice.
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2024-04-19 09:04:40
FameEX Hot Topics | Fiji Central Bank Issues Warning on Cryptocurrency Purchase Penalties
The Reserve Bank of Fiji (RBF) has issued a stark reminder to its citizens that cryptocurrencies do not constitute legal tender in Fiji. In a recent announcement, the bank underscored the prohibition against purchasing cryptocurrencies with funds sourced within the country. It warned of penalties for those who engage in such transactions without explicit authorization from the bank.
As the global banking landscape shows a mixed reaction to cryptocurrencies—with some institutions opening up to them while others tighten regulations—the RBF has clarified its stringent position. The bank specifically named Bitcoin, Ether, and Tether, stating that these digital currencies cannot be used for buying goods or services in Fiji.
The central bank has reiterated that any dealings in cryptocurrencies from within Fiji are considered illegal. The recent press release emphasized the illegality of buying or investing in any form of digital assets using funds from Fiji, including the use of local debit and credit cards for such transactions. The bank's statement detailed:
"It is illegal for any individual or entity to purchase or invest in cryptocurrencies and virtual assets from funds held in Fiji. This includes the use of locally issued debit cards and credit cards (scheme cards) to pay for such transactions."
Despite being among the countries with the lowest adoption of cryptocurrencies globally, Fiji faces challenges due to the proliferation of cryptocurrency investment promotions via social media. This has raised concerns among bank officials about the potential misguidance of the public toward risky investments.
RBF Governor Ariff Ali has affirmed that the bank has not issued any licenses or permits for cryptocurrency investment on Fijian soil. He strongly advised the public to avoid participating in any cryptocurrency investment or trading schemes being promoted within the country.
Fiji is part of a group of nations where dealing in cryptocurrencies is illegal. Like in other countries, enforcing this ban proves difficult, potentially driving the cryptocurrency market underground. This scenario mirrors the challenges other markets face, where despite prohibitions, the allure of digital assets continues to attract investors into shadow economies.
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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2024-04-19 09:04:25
FameEX Morning Crypto News Recap | April 19, 2024
Social Media Post by SEC Chair Gary Gensler Sparks Speculation About His Resignation
U.S. SEC Chair Gary Gensler’s social media post stating “it’s been an honor to serve” sparked rumors of his resignation among the crypto community. Gensler, known for his enforcement-focused regulation of the cryptocurrency industry, has faced criticism from various quarters, including lawmakers, for his approach. This has fueled ongoing debates about the direction of crypto regulation under his leadership.
Bitcoin Halving: Goldman Sachs Minimizes 'Buy the Rumor, Sell the News' Effect Impact
Goldman Sachs analysts suggest that the impact of the upcoming Bitcoin halving, potentially a "buy the rumor, sell the news" event, might be minimal on Bitcoin’s medium-term prospects. They emphasize that Bitcoin's price performance will likely continue to be influenced by supply-demand dynamics and the sustained demand for spot Bitcoin exchange-traded funds (ETFs).
World Gold Council Views Gold as Underowned, Predicts Ongoing Rally
The World Gold Council anticipates a continued rise in gold prices, driven by geopolitical uncertainties, consistent central bank purchases, and increased demand for coins and jewelry. They also predict that gold ETFs will boost future price increases due to the precious metal's current low ownership levels.
Meta Introduces Large Language Model, Competing with GPT and Claude
Meta announced its new AI, Llama-3, on April 18, claiming it as the "most capable" and "best open source model" to date. Analysts, who had eagerly awaited its release, noted that its preview versions exhibited superior reasoning and performance compared to its rivals, GPT from OpenAI and Google's Gemini, marking a significant advancement in the large language model arena.
Ex-Disney Chief Starts Web3 Game Publishing Company with Marvel and Star Wars Talent
A coalition of Hollywood and gaming veterans launched a AAA Web3 games publisher in the UAE. Their premiere game, PlanetQuest, has enrolled over 200,000 NFT holders. The creative team behind this initiative includes former employees from industry giants Disney, Warner Bros., Activision-Blizzard, and Epic.
Canada Set to Adopt International Cryptocurrency Tax Reporting Standards
Canada plans to implement the OECD's Crypto-Asset Reporting Framework (CARF) by 2026, a year ahead of the 2027 target agreed upon with 46 other countries. According to a supplement to the 2024 annual budget, this early adoption is part of Canada's initiative to align with international standards for cryptocurrency tax reporting, set to be observed globally by 47 countries by 2027.
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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2024-04-19 08:14:05
FameEX Hot Topics | Australian Regulatory Authority Declares Cryptocurrency a Debenture Subject to Oversight
The Australian Securities and Investments Commission (ASIC) has reiterated its stance on cryptocurrencies, asserting that they qualify as debentures and therefore fall under regulatory oversight. Joe Longo, the chairman of ASIC, emphasized the regulated status of cryptocurrencies in Australia during an interview on Sky News. He clarified that although the sector isn't fully regulated, the classification of cryptocurrencies as debentures brings them within ASIC’s purview.
Longo's comments come in the wake of his recent advice urging Australians to be cautious about investing their superannuation funds in cryptocurrencies. This caution stems from ASIC's broader concern about the lack of understanding among investors about the risks associated with cryptocurrency investments. The ASIC chairman highlighted that many investors do not fully comprehend the intricacies of what they are investing in, which can lead to significant risks.
During the interview, Longo also touched upon the Australian Federal Court's recent decision to dismiss civil proceedings initiated by ASIC against Finder Wallet. ASIC had argued that the Finder Earn product was offered without the necessary license, thereby lacking critical consumer protections. The product was eventually withdrawn from the market, but ASIC has decided to appeal the court's decision, underscoring the regulator’s commitment to ensuring that financial products related to cryptocurrencies comply with existing legal frameworks.
Longo explained the rationale behind the appeal, stating, "We think it’s a debenture and the trial judge took a different view. Reasonable minds can differ, but as the regulator, we see it as a debenture, and if it is, it's regulated. They didn’t have a license, and we want to send a strong message to the industry that they need to be very careful about how they promote or package up some crypto or digital asset-related investments and think they’re not regulated because they may very well be."
The ASIC chairman also expressed his concerns about the increasing incidents of crypto fraud globally, noting that cryptocurrency transactions are often linked to money laundering and other criminal activities. This association heightens the need for a stringent regulatory approach to protect consumers and maintain the integrity of the financial system.
Despite these challenges, Longo assured that ASIC would remain vigilant in monitoring the cryptocurrency market and continue to issue public warnings to educate and protect investors. The regulator's ongoing efforts aim to ensure that the burgeoning field of digital assets does not become a haven for financial malpractice but rather a well-regulated component of Australia’s financial landscape.
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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2024-04-18 08:49:20
FameEX Morning Crypto News Recap | April 18, 2024
Interest in Bitcoin Halving Reaches Record High on Google Searches
Interest in 'Bitcoin halving' has reached unprecedented levels on Google, according to Google Trends. The current interest score stands at 45, with projections indicating it could reach a peak of 100 by the end of the month. This represents more than double the interest seen during the previous halving in 2020, highlighting a significant surge in public curiosity.
MIT and the German Central Bank Embark on a New Project to Explore CBDC
The Deutsche Bundesbank has joined forces with MIT's Digital Currency Initiative to investigate central bank digital currencies (CBDC). During the project's inauguration, Joachim Nagel, President of the German central bank, highlighted the significant challenges that lie ahead in the development and implementation of a digital euro.
US Senators Propose New Legislation on Stablecoins
Senators Kirsten Gillibrand and Cynthia Lummis have crafted legislation to set guidelines for stablecoin issuers and users. The bill bans "unbacked, algorithmic stablecoins," mandates one-to-one reserves for issuers, establishes both state and federal regulatory frameworks, and aims to prevent the illicit use of stablecoins, reflecting lessons from the 2022 TerraUSD depegging incident.
Cyprus Extends Suspension of FTX Europe License Until September
The Cyprus Securities and Exchange Commission (SEC) has prolonged the suspension of FTX Europe's license, as remnants of the collapsed FTX cryptocurrency exchange saga persist. This extension bars FTX Europe from offering services until September 2024, indicating ongoing challenges in resolving the broader FTX operational crisis.
Leading Five BTC Miners Hold Onto Assets Despite Bitcoin Halving
In Q1 2024, top 5 Bitcoin mining firms sold only 2,000 BTC, marking a two-year low, per Bitwise. This contrasts with Q4 2023, when they sold over 7,000 BTC. The decline highlights a significant slowdown in Bitcoin selling among major miners, potentially signaling shifts in market dynamics. The last time sales were below 2,000 BTC was in Q1 2022.
Exploring Web3 Gaming and AI Applications: TikTok Parent Company Dives into On-Chain Possibilities
BytePlus, ByteDance's enterprise tech division, ventures into Web3 by partnering with Mysten Labs, creators of the Sui blockchain. This collaboration involves integrating BytePlus's advanced tools, like ByteHouse, a cloud-based data warehouse, with Sui's full-node data. This strategic move signals ByteDance's foray into blockchain technology, aiming to leverage its solutions within the Web3 ecosystem.
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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2024-04-18 07:41:30
Bitcoin Dropped Below $60,000 But Traders Stay Optimistic
Even with Bitcoin dipping below $60,000 momentarily, a crypto analyst suggests that the market might be transitioning into a reaccumulation phase within the cycle.
Source: kriptokoin.com
Just days before the highly anticipated Bitcoin halving, the price briefly slipped below $60,000. Despite this, numerous traders maintain their optimism regarding Bitcoin's long-term price trajectory, citing historical chart patterns and continued institutional investments as key indicators.
Even with the recent price correction, Bitcoin has managed to reclaim a crucial moving average indicator. “This indicator has historically heralded the beginning of bull runs in previous market cycles”, as highlighted by renowned crypto analyst in an April 16th post on X. According to a popular crypto analyst, who wrote in an April 17 X post: “Bitcoin has been in the pre-halving danger zone for a month since March 14.” The analyst added that Bitcoin could already be entering a reaccumulation phase.
After the correction in Bitcoin, significant technical indicators have been reset, indicating that Bitcoin is no longer overbought. The daily chart shows a decline to 41 from 58 on April 8th. The Bitcoin price has fallen over 7% during the past week. The main reason behind the price drawdown could be the recent geopolitical tensions between Iran and Israel.
Inflows Into Bitcoin ETFs Are Anticipated To Fuel A Post Halving Rally
Bitcoin traders also remain optimistic thanks to the continued inflows from the 10 spot Bitcoin exchange-traded funds (ETFs) in the United States and the recent approval of spot Bitcoin ETFs in Hong Kong, which are set to launch for trading over the next two weeks. The Bitcoin ETFs have seen over $12.5 billion in net inflows since launch, amassing over 838,000 BTC, worth $53.7 billion in total holdings. While the post-halving period is usually followed by short-term price stagnation, this cycle could be different due to the approval of Bitcoin ETFs.
Disclaimer: FameEX makes no representations on the accuracy or suitability of any official statements made by the exchange regarding the data in this area or any related financial advice.
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2024-04-18 07:40:55
Why Has The Ethereum (ETH) Price Dropped?
Increased tensions between Iran and Israel, coupled with growing bullish positions on the dollar, have amplified investor aversion to risk, resulting in a decline in Ether prices.
Source: www.ekonomim.com
The price of Ethereum's native token, Ether, experienced a 3.45% decline on April 16, reaching $2,990. This drop is part of a correction that commenced on March 11, when ETH reached a three-year peak of $4,095. Subsequently, the cryptocurrency has retracted by 27%, reflecting broader declines in the crypto market. Initially perceived as a typical correction within a bull market, suggesting profit-taking at Ether's recent peaks, the downturn in ETH/USD has been further exacerbated by escalating geopolitical tensions in the Middle East and increasing prospects of prolonged high-interest rates in the U.S.
Today's decline in Ether's price coincides with Israel's announcement of forthcoming retaliation against Iran, signaling an escalation in geopolitical tensions in the Middle East. This bearish market reaction mirrors what occurred over the weekend when Iran conducted drone and missile attacks against Israel. These attacks prompted a widespread market retreat, with Bitcoin nearing $60,000 and several altcoins seeing declines of up to 30%. The declines seen across the cryptocurrency market indicate a growing sense of risk aversion among investors. This sentiment is being reinforced by the resilience of the U.S. economy, which has diminished the likelihood of interest rate cuts by the Federal Reserve.
For example, as of April 16, CME futures data indicated an 81.5% probability of the Fed maintaining rates unchanged in June, compared to around 50% two weeks earlier. A scenario of prolonged higher interest rates is viewed as bearish by crypto traders. At the same time, the expense of options speculating on additional appreciation in the U.S. dollar has surged to its highest point since November, suggesting a move towards safer assets. This has further subdued purchasing interest in Ethereum and the wider cryptocurrency market today.
The decline in Ether is also attributed to a reduction in ETH holdings among its wealthiest investors, commonly referred to as whales. For instance, since March, there has been a notable decrease in the number of entities holding at least 1 million, 100,000, and 10,000 ETH tokens. Conversely, the number of addresses holding 1,000 ETH has slightly increased, indicating potential compensation for the declines observed in larger holdings. As large holders, or whales, often wield significant influence on market sentiment, their reduction in holdings may be interpreted as a lack of confidence in Ethereum's future prospects. This sentiment shift could potentially lead to a bearish market sentiment and a subsequent price decline.
The drop in Ether's price coincided with the liquidation of $73.41 million in perpetual swap contracts, including $58.68 million in long positions. When these long positions are liquidated, the assets they hold are automatically sold off, potentially flooding the market with excess supply and further driving prices down. This surge in liquidations came alongside a notable decrease in open interest for Ethereum, dropping from $14.62 billion on April 9 to $11.07 billion on April 16. Simultaneously, the funding rate saw a minor increase to 0.007% every eight hours, though it remains well below the recent high of 0.094% per eight hours. Despite this slight uptick in funding rates suggesting some optimistic sentiment, it appears insufficient to offset the negative effects of the substantial drop in open interest. This situation illustrates the limited enthusiasm among Ether traders to maintain long positions, which might not effectively support a price rally if overall market engagement continues to wane.
Disclaimer: FameEX makes no representations on the accuracy or suitability of any official statements made by the exchange regarding the data in this area or any related financial advice.
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2024-04-17 08:14:35
FameEX Hot Topics | Stepn partners with Adidas to issue Genesis sneakers NFTs
Stepn, a lifestyle and move-to-earn application, has joined forces with Germany-based apparel giant Adidas to introduce the Genesis Sneakers NFT collection. This collaboration, spanning one year, unveils 1,000 NFTs crafted from the essence of Adidas' most iconic running silhouettes, co-branded by both entities. Setting a precedent in bridging physical and digital realms, Stepn continues its pursuit of strategic partnerships with renowned sports apparel brands. In its latest move, the company unveiled a groundbreaking collaboration with Adidas, a prominent figure in sports clothing and gear manufacturing, to launch a jointly branded non-fungible token (NFT) collection.
The Genesis Sneakers collection is set to debut on the Solana blockchain, showcasing 1,000 distinct assets inspired by Adidas' renowned running designs. This inaugural collection signals the commencement of a year-long partnership between Stepn and Adidas, promising future drops of NFTs and physical merchandise. The launch of Genesis sneakers unfolds in two phases, designed to engage both loyal users and the general public. Initially, 200 privileged users will have the opportunity to acquire a reserved NFT. Subsequently, the remaining NFTs will be made available to the broader audience through a public raffle.
Addressing the significance of this "phygital" endeavor within the realm of rewards applications, Stepn's CEO, Shiti Manghani, emphasized the groundbreaking nature of the partnership. The fusion of physical and digital elements between Stepn, a leading lifestyle app, and a global powerhouse like Adidas signifies a paradigm shift in lifestyle rewards.
The collaboration between Stepn and Adidas had been foreshadowed, notably during Stepn's announcement of a $30 million points airdrop for its user base. This innovative distribution model mirrors the mechanisms employed by other projects, leveraging points to allocate tokens based on campaign performance and criteria.
Stepn's track record of strategic collaborations extends beyond Adidas, encompassing partnerships with notable figures and entities such as DJ Steve Aoki, the renowned anime series Ghost in the Shell, and the esteemed Atlético de Madrid soccer team. This latest venture underscores Stepn's commitment to pioneering innovative alliances that redefine the intersection of lifestyle, technology, and rewards.
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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2024-04-17 08:13:55
FameEX Biweekly丨Thriving Momentum: Now Rank 40th on Global Exchanges! (Issue 1, April 2024)
Catch up the highlights from April 1 to April 15, 2024. During this period, FameEX has achieved its highest ranking on CoinMarketCap, reaching 40th place. We extend our heartfelt gratitude to our global community for their unwavering support. In addition, we have listed many high-quality coins and provided abundant airdrops and benefits for everyone. For more details, check out this issue of FameEX Biweekly and find out what’s new on FameEX!
On April 1st, Tether, renowned for its USDT stablecoin, proudly announced its completion of the System and Organization Controls (SOC) 2 Type 1 Audit. This pivotal achievement underscores Tether’s dedication to maintaining the highest security standards, protecting its technological infrastructure, and ensuring the security of its systems in the financial realm.
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Recently, a significant event occurred: an unidentified whale, possibly one of Bitcoin’s early miners, amassed a substantial portion of its mined rewards. On March 26, this entity merged 40 batches of mining rewards, originally consisting of 50 bitcoins each, into a single wallet, as pointed out by developer mononautical.
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Market data indicates that following Bitcoin’s halving in mid-April, the mining cost for Antminer S19 XP will rise from around $40,000 to approximately $80,000. This is primarily due to mining costs doubling after each halving event. Following the May 2020 halving, the threshold for miners to sustain profitable operations increased beyond $30,000, coinciding with Bitcoin’s surge to a new peak of $69,000 during that cycle.
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The Securities Regulatory Commission of Hong Kong (SFC) is fast-tracking the approval of four spot Bitcoin ETFs, aiming for the first batch to be sanctioned by April 15. Following the SFC’s green light, it takes the Hong Kong Stock Exchange two weeks to complete the listing process for Bitcoin ETFs.
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Since late February, Bitcoin has maintained a price above $50,000, with crypto analyst Dylan LeClair suggesting a return to that level seems improbable. LeClair, a senior analyst at UTXO Management, noted on April 7 that a Bitcoin rebound to the $70,000–$75,000 range could heavily pressure short positions, indicating a bullish outlook for the cryptocurrency’s near future.
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Renowned economist Peter Schiff predicts a resurgence of high inflation, advocating for substantial Fed rate increases. He criticizes JPMorgan CEO Jamie Dimon for underestimating the US economic challenges. Schiff acknowledges Dimon’s perspective as more accurate than other Wall Street CEOs.
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1. Amplify Your Solana Potential on FameEX. From March 26 to April 5, 2024, with the Solana ecosystem market thriving, FameEX launched the “Amplify Your Solana Potential on FameEX: Join to Share 60,000 USDT Giveaway” event. All FameEX users are eligible to earn SOL ecosystem token airdrops by depositing any tokens. Please view the announcement for more details.
View Announcement
2. FameEX New Listing ANTP. To mark the listing of ANTP, FamEX launched the “FameEX New Listing ANTP: Share 100,000 ANTP Airdrops” event from March 29 to April 5, 2024. Users who participate in the event can get a 400 ANTP airdrop reward. Please view the announcement for more details.
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3. Get Ready for BTC Halving with FameEX and Win 30,000 USDT in Prizes. From April 10 to 20, 2024, FamEX is launching the “Get Ready for BTC Halving with FameEX and Win 30,000 USDT in Prizes” event to mark the BTC halving. Users who complete the trade or deposit task can win gorgeous rewards. Please view the announcement for more details.
View Announcement
4. FameEX New Listing TCAP. From April 11 to 18, 2024, FameEX is launching the “FameEX New Listing TCAP: Join to Share 100,000 TCAP Airdrops” event to celebrate the new listing of TCAP. Users can share the corresponding prize pool by completing TCAP spot trades. Please view the announcement for more details.
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5. FameEX New Listing TUSD. From April 8 to 15, 2024, FameEX is launching the “FameEX New Listing TUSD: Grab Your Share of 20,000 USDT” event in honor of the TUSD listing. Users can share the corresponding prize pool by completing TUSD spot trades. Please view the announcement for more details.
View Announcement
Ten new tokens were listed on the FameEX spot trading zone during the period.
Axelar (AXL): AXL/USDT was listed on April 2, 2024.
Slerf (SLERF): SLERF/USDT was listed on April 3, 2024.
BOOK OF MEME (BOME): BOME/USDT was listed on April 3, 2024.
dogwifhat (WIF): WIF/USDT was listed on April 3, 2024.
EVE AI (EVEAI): EVEAI/USDT was listed on April 3, 2024.
TrueUSD (TUSD): BTC/TUSD, ETH/TUSD, and TUSD/USDT pairs were listed on April 8, 2024.
Crypto Tex (CTEX): CTEX/USDT was listed on April 10, 2024.
Mfercoin (MFER): MFER/USDT was listed on April 11, 2024.
Phoenix Blockchain (PHX):PHX/USDT was listed on April 12, 2024.
Honey (HNY): HNY/USDT was listed on April 15, 2024.
The FameEX platform ranked 40th on CoinMarketCap on April 15, with a 24-hour trading volume of $385,815,463, an average liquidity of 633, and an average weekly visit count of 692,456. (Data source: CoinMarketCap)
As of April 15, the total assets in the risk reserve wallet amount to5,736,605 USDT. It is updated daily and can be viewedHEREin real-time.
1. APP Functionality Update and Optimization. On April 1, FameEX Android and iOS Enterprise versions were officially updated on the website. The Android version is now Android V3.4.3(167), and the iOS version is V1.0.9 (10). This update primarily includes the following optimizations:
Adjusted the homepage layout adjustment.
Optimized UI styles.
Added banner images and position change.
2. Deposit and Withdrawal Service Optimization. On April 9, FameEX streamlined the deposit and withdrawal processes for both the website and app. The main improvements are as follows:
Unified the deposit and withdrawal process and eliminated redundant obstacles.
Streamlined pages to enhance the user experience.
Implemented step-by-step guidance for faster and smoother interactions.
FameEX Research released the latest reports: PORTAL (Portal), PANDORA (Pandora), YGG (Yield Guild Games), BABYBONK (Baby Bonk) and SOL (Solana).
1. X (formerly Twitter): 97K, link: https://twitter.com/FameexGlobal
2. Chinese X: 7,153 Followers, link: https://twitter.com/FameEXzh3. YouTube: 1,730 Subscribers, link: https://www.youtube.com/c/FAMEEX
4. Telegram (Global): 139,154 Members, link: https://t.me/fameexgroup
5. Discord: 7,778 Members, link: https://discord.gg/V8yvKPxVCk
Thanks for reading this report of FameEX Biweekly. Stay engaged with our official social media, and your voice matters to us!
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2024-04-17 08:13:55