FameEX Biweekly丨Boost the BTC’s Bull Market with Airdrop Frenzies and Enhance User Experience through Genuine Optimism! (Issue 2, March 2024)

Overview

Catch up the highlights from March 16 to March 31, 2024. Over the past fortnight, FameEX has celebrated the spike in BTC’s price by initiating a bonus airdrop event. Plus, we’ve introduced updates for our Android V3.4.2 (166) and iOS V1.0.8 (9) apps to ensure that all FameEX users enjoy a stable and robust trading journey during the ongoing bull market. For more details, check out this issue of FameEX Biweekly and find out what’s new on FameEX!

Crypto World News

FameEX Hot Topics | Dubai International Financial Centre Implements New Law on Digital Assets

The Dubai International Financial Centre (DIFC), a premier financial hub in the Middle East, Africa, and South Asia (MEASA) region, has made a significant stride in the fintech sector by enacting a groundbreaking Digital Assets Law. This innovative legislation marks a comprehensive overhaul of the DIFC’s legislative framework to incorporate digital assets, altering existing laws related to contracts, insolvency, obligations, securities, personal property, and more to accommodate the burgeoning asset class.

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Tether Treasury Issues 1 Billion USDT Tokens

Tether Treasury produced 1 billion USDT. Paolo Ardoino, Tether CEO, disclosed that the Tron network replenished this supply through an authorized but unissued transaction. This sum will serve as inventory for future issuance requests and chain swaps, ensuring a seamless operational process within the cryptocurrency ecosystem.

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SEC Aims to Classify Ether as a Security

The United States Securities and Exchange Commission (SEC) is probing companies with subpoenas, focusing on their efforts to classify Ether as a security. These subpoenas demand documents and financial records linked to their transactions with the Ethereum Foundation, indicating regulatory scrutiny on cryptocurrency practices.

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Bitcoin ETFs Experienced Their Highest Daily Net Outflows On Record

On March 19, spot Bitcoin ETF products saw net outflows of $326.2 million, marking the second consecutive day of daily outflows. This comes just a week after these ETFs experienced record inflows exceeding $1 billion on March 12.

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FameEX Hot Topics | Goldman Sachs Hedge Fund Clients Increasingly Reinvest in Crypto This Year

Goldman Sachs’ Asia Pacific institutional clients are revitalizing their interest in cryptocurrencies like Bitcoin and Ether, buoyed by the endorsement of spot Bitcoin exchange-traded funds (ETFs). According to a Bloomberg report from March 24, Max Minton, who oversees digital assets for Goldman in the Asia Pacific region, highlighted a noticeable shift back to cryptocurrency investments this year. He observed a significant uptick in activity among some of the firm's major clients, who are either re-engaging with the crypto market or considering entry points.

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FameEX Updates

Platform Events

1. FameEX Boosts BTC to New Highs. The platform launched the “FameEX Boosts BTC to New Highs: Deposit and Trade to Share 30,000 USDT” event to celebrate BTC’s consistent surge to new peaks.  All FameEX users are eligible to win the airdrop bonus via deposit and trade. Please view the announcement for more details.

View Announcement

New Listing

Ten new tokens were listed on the FameEX spot trading zone during the period.

• Yield Guild Games (YGG): YGG/USDT was listed on March 19, 2024.

• Baby Bonk (BABYBONK): BABYBONK/USDT was listed on March 19, 2024.

• HugeWin (HUGE): HUGE/USDT was listed on March 21, 2024.

• CUAN Q (CUANQ): CUANQ/USDT was listed on March 25, 2024.

• Artificial Intelligence Tech (AIT): AIT/USDT was listed on March 26, 2024.

• Milady Meme Coin (LADYS): LADYS/USDT was listed on March 28, 2024.

• Jito (JTO): JTO/USDT was listed on March 28, 2024.

• Honey (HNY): HNY/USDT was listed on March 28, 2024.

• Actor Protocol (ANTP): ANTP/USDT was listed on March 29, 2024.

• TCAP(TCAP): TCAP/USDT was listed on March 29, 2024.

Mainnet Swap

1.FameEX Completes Solar (SXP) Mainnet Upgrade. On March 23, FameEX completed the Solar (SXP) mainnet upgrade. Users can check their assets in the Spot Wallet. For details, please refer to the announcement.

View Announcement

Special Announcement

1. FameEX has officially introduced the "FameEX Implements Risk Control Measures for Users Exhibiting Abnormal Trading Activity" announcement to a robust trading environment to safeguard our users’ trading experiences. FameEX firmly condemns the irregular activities of violative users. We rigorously monitor abnormal registrations, trades, and similar behaviors, implementing appropriate measures for risk control management. For details, please refer to the announcement.

View Announcement

Trading Volume

• The FameEX platform ranked 54 on CoinMarketCap on March 31, with a 24-hour trading volume of $240,725,032, average liquidity of 518, and an average weekly visit count of 439,595. (Data source: CoinMarketCap)

• As of March 31, the total assets in the risk reserve wallet amount to 5,576,733.8 USDT. It is updated daily and can be viewed HERE in real-time.

Feature Upgrades

1.  APP Functionality Update and Optimization. On March 22, FameEX Android and iOS Enterprise versions were officially updated on the website. The Android version is now Android V3.4.2(166), and the iOS version is V1.0.8 (9). This update primarily includes the following optimizations:

• Optimized the reverse position feature.

• Enhanced ranking display on the App homepage.

Project Information

Project Research

FameEX Research released the latest reports:XAI (Xai),FLOKI (FLOKI), PEPE (Pepe), andNAVX (NAVI Protocol).

FameEX Official Community

1. X (formerly Twitter): 99K Followers. link: https://twitter.com/FameexGlobal  

2. Chinese X: 9,016 Followers. link: https://twitter.com/FameEXzh
3. YouTube: 1,730 Subscribers. link: https://www.youtube.com/c/FAMEEX

4. Telegram (Global): 148,104 Members. link: https://t.me/fameexgroup

5. Discord: 7,792 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!