FameEX Morning Crypto News Recap | July 2, 2024

Bitcoin and Ethereum Lead Performance Rankings This Year

Matrixport data reveals that Bitcoin and Ethereum are the best-performing major assets year-to-date, with increases of 48.3% and 46.0%, respectively. In comparison, 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 fell by 6.6%.

Banque de France and Hong Kong Monetary Authority Partner on Central Bank Digital Currency and Financial Asset Tokenization

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

Japanese Prime Minister Fumio Kishida to Participate in 2024 International Web3 Conference

Japan's largest Web3 media, CoinPost, announced that Prime Minister Fumio Kishida will attend the international Web3 conference "WebX 2024," hosted by CoinPost and the WebX Executive Committee. The event will take place at the Prince Park Tower Hotel in Tokyo from August 28-29, 2024, attracting top Web3 projects, entrepreneurs, investors, and developers globally.

French Election Results Could Impact Cryptocurrency Policy; 74 Crypto Companies Registered in France

The French far-right party National Rally (RN) led the first round of voting in Sunday's French 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 Comply with EU MiCA Regulations

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

ECB President Lagarde: Inflation Threat Persists, Rate Cut Likely Postponed This Month

European Central Bank President Christine Lagarde stated that there is insufficient evidence to suggest that the inflation threat has passed, raising market expectations for a delayed interest rate cut this month. Speaking at the ECB Forum, Lagarde highlighted the strength of the eurozone job market, indicating the ECB has time to assess the situation and 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.