FameEX Biweekly | Unlock Meme Token Trading: Where High Rewards and Prizes Await! (Issue 1, March 2024)

Overview:

Catch up the highlights from March 1 to March 15, 2024. Over the past fortnight, Bitcoin prices have once again surged to new highs, signaling a strong resurgence in the cryptocurrency market. During this period, FameEX has continued to offer its platform users a wider selection of premium meme tokens and has initiated a new round of meme token special events. For more details, check out this issue of FameEX Biweekly and join FameEX in ushering in a new era of crypto earning!

Crypto World News

FameEX Hot Topics | Bitcoin Surpasses Ruble, Ranks 14th in Global Currency Market Value

Bitcoin’s market capitalization has grown significantly due to massive inflows into Bitcoin spot ETFs, according to market data. In early March, it surpassed the Russian ruble to become the 14th largest international currency in terms of global currency market capitalization. This achievement not only solidifies Bitcoin’s position in the cryptocurrency realm but also establishes it as a formidable competitor against various international currencies.

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A Market Analyst Predicts Bitcoin May Surpass $200K This Year Due to High Demand and Limited Supply

A market analyst recently projected that the price of Bitcoin could soar above $200,000 this year, driven by a severe imbalance between supply and demand. In a CNBC interview, Hougan anticipates a substantial demand spike from spot Bitcoin exchange-traded funds (ETFs), with the potential for Bitcoin prices to climb considerably higher.

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BlackRock’s Bitcoin Spot ETF Added 12,600 BTC, Narrowing the Gap to MicroStrategy’s Holdings

According to the official data, BlackRock’s iShares Bitcoin ETF (IBIT) saw a significant expansion, acquiring 12,600 bitcoins valued at over $778 million on March 6, marking the ETF’s largest single-day increase ever. With this addition, IBIT’s total bitcoin holdings now exceed 183,000, inching closer to MicroStrategy’s stash of 193,000 bitcoins.

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FameEX Hot Topics | How Do Powell’s Remarks on Interest Rate Reductions Affect Americans?

Jerome Powell, the Federal Reserve (Fed) Chairman, has indicated a cautious approach about adjusting interest rates, stating the Fed requires greater certainty in the economic recovery before considering reductions. During his semiannual testimony to Congress, Powell highlighted an uncertain economic outlook and emphasized the ongoing but unguaranteed progress toward the Fed’s inflation target of 2%.

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On-Chain Analysis Shows Tesla Holds 11,509 Bitcoins and SpaceX Possesses 8,285 BTC

Arkham, a crypto analytics firm, alleges it uncovered the Bitcoin holdings of Elon Musk’s companies, Tesla and SpaceX, through on-chain analysis. The firm asserts that the identified on-chain fund flows align with the financial statements of Tesla and SpaceX. Arkham claims to be the first to publicly disclose these holdings through blockchain analysis.

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Fed’s Balance Sheet Shrinks to $7.5 Trillion, Reflecting a $1.2 Trillion Decrease Over Last Year

The Fed’s balance sheet decreased to $7.538 trillion, marking a $1.2 trillion reduction over the past year. Following the closure of Silicon Valley Bank on March 10, which spurred a crisis in the US banking industry, the Fed expanded its balance sheet for three weeks to stabilize the market, peaking at $8.733 trillion on March 21, 2023.

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FameEX Updates

Platform Events

1. FameEX Trading Gala.The platform launched the "Join the FameEX Trading Gala to Win 66,000 USDT in Prize Pool" event during the period from February 25 to March 2, 2024. A total of 10,368 users signed up to participate in the event, and you may view the announcement for more details.

View Winning Announcement

2. FameEX Meme Trading Special. FameEX invites all FameEX users to join the “FameEX Meme Trading Special for Your Share of 60,000 USDT” event to celebrate the return of the bull market. This event will last 8 days from March 8 to March 15, 2024. View the announcement for more details. 

View Announcement

New Listing

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

◆ Helium Mobile (MOBILE): MOBILE/USDT was listed on March 4, 2024.

◆ Xai (XAI): XAI/USDT was listed on March 6, 2024.

◆ JLT Token (JLT): JLT/USDT was listed on March 7, 2024.

◆ FLOKI (FLOKI): FLOKI/USDT was listed on March 8, 2024.

◆ Pepe (PEPE): PEPE/USDT was listed on March 11, 2024.

◆ Portal (PORTAL): PORTAL/USDT was listed on March 11, 2024.

◆ Procyon Coin (PRCO): PRCO/USDT was listed on March 12, 2024.

◆ Luna Inu (LINU)：LINU/USDT was listed on March 13, 2024.

◆ Pandora (PANDORA)：PANDORA/USDT was listed on March 14, 2024.

◆ NAVI Protocol (NAVX)：NAVX/USDT was listed on March 14, 2024.

◆ Fasttoken (FTN)：FTN/USDT was listed on March 15, 2024.

Deposits & Withdrawals

1. Resumption of Solana (SOL) deposit and withdrawal services. On March 8, FameEX officially resumed the deposit and withdrawal services of Solana (SOL). For details, please refer to the following announcement.

View Announcement

Trading Volume

◆ The FameEX platform ranked 55 on CoinMarketCap on March 15, with a 24-hour trading volume of $1,048,330,920, average liquidity of 531, and an average weekly visit count of 336,770. (Data source: CoinMarketCap) 

◆ As of March 15, the total assets in the risk reserve wallet amount to5,404,772.3 USDT. It is updated daily and can be viewed HERE in real-time.

Feature Upgrades

1. Optimization of Position Order Functionality. On March 9, FameEX conducted performance optimizations for futures position orders, ensuring users enjoy a smoother trading experience.

Project Information

Project Research

FameEX Research Institute released the latest reports: Altlayer (ALT), Ondo (ONDO), Manta Network (MANTA), JUP (Jupiter), STRK（Starknet）, MOBILE (Helium Mobile), and XAI (Xai).

FameEX Official Community

1. X (formerly Twitter): 100.9K Followers. Link: https://twitter.com/FameexGlobal 

2. Chinese X:9.11K Followers. Link: https://twitter.com/FameEXzh 

3. YouTube:1,740 Subscribers. Link:https://www.youtube.com/c/FAMEEX 

4. Telegram (Global):150,091 Members. Link:https://t.me/fameexgroup 

5. Discord:7,748 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!