FameEX Morning Crypto News Recap | July 2, 2024

Bitcoin and Ethereum Top Performance Charts This Year

Matrixport data shows that Bitcoin and Ethereum are the top-performing major assets this year, with gains of 48.3% and 46.0%, respectively. Meanwhile, the Nasdaq and S&P 500 rose by 20.0% and 15.1%, oil and gold by 14.2% and 12.7%, and the US dollar by 4.5%, while bonds declined by 6.6%.

Banque de France and Hong Kong Monetary Authority Team Up on CBDC and Financial Asset Tokenization

The Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) have partnered on wholesale central bank digital currencies (CBDCs) and financial asset tokenization. This collaboration aims to foster financial innovation and improve the interoperability of digital currencies, marking a significant milestone in the advancement of the global financial ecosystem.

Japanese Prime Minister Fumio Kishida to Attend 2024 International Web3 Conference

Japan's largest Web3 media, CoinPost, announced that Prime Minister Fumio Kishida will attend the "WebX 2024" conference, hosted by CoinPost and the WebX Executive Committee. The event, set for August 28-29, 2024, at Tokyo's Prince Park Tower Hotel, will attract leading Web3 projects, entrepreneurs, investors, and developers worldwide.

French Election Results May Influence Cryptocurrency Policy; 74 Crypto Companies Registered

The French far-right party National Rally (RN) led the first round of voting in Sunday's general election. This result may polarize the French parliament, complicating domestic policy making, including cryptocurrency policy. Mark Foster, head of EU policy at the Crypto Council for Innovation, noted this would limit the president's power on the international and European stage.

Circle Becomes First Global Stablecoin Issuer to Adhere to EU MiCA Regulations

Circle co-founder and CEO Jeremy Allaire announced on the X platform that Circle's USDC and EURC stablecoins now comply with the EU's new MiCA regulations. These stablecoins will be issued to European customers starting July 2, making Circle the first global stablecoin issuer to meet MiCA standards.

ECB President Lagarde: Inflation Concerns Continue, Rate Cut Likely Delayed This Month

European Central Bank President Christine Lagarde indicated there is insufficient evidence that the inflation threat has passed, increasing expectations for a delayed rate cut. Speaking at the ECB Forum, Lagarde noted the strength of the eurozone job market, suggesting the ECB has time to evaluate and that it is premature to declare victory over rising prices.

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