FameEX Biweekly | Join the New Year Airdrop Carnival and Grab Your Share of a 30,000 USDT Prize Pool! (Issue 1, January 2024)

Overview:

Catch up the highlights from January 1 to January 15, 2024. FameEX launched the New Year Carnival, distributing BRC20 tokens in airdrops worth 30,000 USDT to users who completed designated tasks.Additionally, seven popular tokens, including ORDI, BONK, and MUBI, were successfully listed on our platform. Users can access the corresponding token introductions in the Research section and explore potential high-quality tokens. For more details, check out this issue of FameEX Biweekly.

Crypto World News

Approval of 11 Spot Bitcoin ETF Applications by the SEC on January 11

The approval of 11 spot Bitcoin ETFs by the SEC suggests that trading for these ETFs is anticipated to kick off as early as January 11. Bloomberg ETF analyst James Seyffart, indicating that the S-1 prospectuses are going effective, shared the news on X and suggested that everything is for the trading to begin. 

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Standard Chartered Predicts BTC May Reach $200K by 2025

Standard Chartered forecasts a potential surge in bitcoin’s value to $200,000 in 2025, contingent upon the U.S. Securities and Exchange Commission (SEC) approving spot bitcoin ETFs. The bank’s analysts view such approval as a pivotal moment for institutional investment in bitcoin, anticipating it would trigger considerable capital inflows and a substantial increase in bitcoin’s price.

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FameEX Hot Topics | US Implements New Crypto Tax Regulation

A significant change in cryptocurrency tax reporting came into effect in the U.S. on January 1, 2024, under the Infrastructure Investment and Jobs Act, passed in November 2021. This new law mandates that any American receiving $10,000 or more in cryptocurrency as part of their trade or business must report the transaction to the Internal Revenue Service (IRS) within 15 days.

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AI Cryptocurrency Assets Surge by 540% in Less Than a Year, Reaching a $7 Billion Market Capitalization

Since November 29, 2023, the market capitalization of AI-focused cryptocurrencies has risen sharply by $1.75 billion, signaling robust growth in the AI crypto sector. Among the top ten AI tokens, most have seen significant increases, with over half registering double-digit gains. The Graph (GRT) stands out as the top performer, achieving a remarkable 40.73% growth in the past month.

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FameEX Hot Topics | Vaneck Director Suggests People Often Overlook the Long-Term Significance of Spot Bitcoin ETFs

Gabor Gurbacs, Vaneck’s Director of Digital Assets Strategy, recently shared insights on the long-term impact of U.S. spot bitcoin exchange-traded funds (ETFs) on the social media platform X. Gurbacs believes approval of U.S. spot Bitcoin ETF could create trillions of dollars in value for Bitcoin. He also believes that Bitcoin is shaping its own capital markets systems and products beyond just the ETF, which is not yet fully reflected in its valuation.

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FameEX Updates

Platform Events

1. Kickstart 2024 with FameEX’s 1st Crypto Carnival. FameEX launched the “Kickstart 2024 with FameEX’s 1st Crypto Carnival: Win from 30,000 USDT Prize Pool” event from 9:00 (UTC+8) on January 9, 2024 to 9:00 (UTC+8) on January 16, 2024, and users who registered during this period will share BRC20 tokens worth $10,000, with $30,000 in a total of the prize pool for this event! Please view the announcement for more details.

View Announcement

2. Winning Announcement for Christmas Gala. FameEX released the winning announcement for the “Join FameEX’s Christmas Gala and Win a Share of 30,000 USDT” event on January 10, 2024. In this event, a total of 5,648 users signed up to participate in the event. All rewards for this event will be distributed before January 17. Please view the winning announcement for details.

View Winning Announcement

New Listing

Spot Zone:

Five new tokens have been listed in the FameEX spot trading zone during the period.

◆ Multibit (MUBI): MUBI/USDT was listed in the spot trading zone on January 4, 2024.

◆ TurtSat (TURT): TURT/USDT was listed in the spot trading zone on January 4, 2024.

◆ LIMOVERSE (LIMO): LIMO/USDT was listed in the spot trading zone on January 5, 2024.

◆ Ordinals (ORDI): ORDI/USDT was listed in the spot trading zone on January 9, 2024.

◆Bonk (BONK): BONK/USDT was listed in the spot trading zone on January 9, 2024.

◆ MICE (MICE) ：MICE/USDT was listed in the spot trading zone on January 15, 2024.

◆TRAC (TRAC)：TRAC/USDT was listed in the spot trading zone on January 15, 2024.

Futures Zone:

Two new tokens have been listed in the FameEX perpetual futures trading zone during the period.

◆ Ordinals (ORDI): ORDIUSDT was listed in the futures trading zone on January 10, 2024.

◆Bonk (BONK): BONKUSDT was listed in the futures trading zone on January 10, 2024.

Trading Volume

◆ The FameEX platform ranked 63 on CoinMarketCap on January 15. The 24-hour trading volume was $190,328,645, with an average liquidity of 438 and an average of 183,426 weekly visits. (Data source: CoinMarketCap)

◆ As of January 15, the total assets in the risk reserve wallet are 4,756,599.04 USDT. The total assets of both wallets are updated daily and can be viewed HERE in real time.

Feature Upgrades

1. Added the [New Listings] and [Kickoff Countdown] features. These two features were officially launched on January 4 in the FameEX Spot zone for users to view and track upcoming crypto listings.

2. Enhanced Futures candlestick indicators. On January 8, FameEX optimized the candlestick of the Futures sector to better present the candlestick technical indicators.

3. Optimized Referral & Affiliate. On January 8, FameEX added the Senior Affiliate to the Referral & Affiliate sector.

Project Information

Project Research

FameEX Research Institute released the latest reports: Pyth Network (PYTH) and Multibit (MUBI).

FameEX Official Community

1. X (formerly Twitter):104.6K Followers. Link: https://twitter.com/FameexGlobal 

2. Chinese X:9,821 Followers. Link: https://twitter.com/FameEXzh 

3. YouTube:1,650 Subscribers. Link: https://www.youtube.com/c/FAMEEX 

4. Telegram (Global):131,782 Members. Link: https://t.me/fameexgroup 

5. Discord:7,237 Members. Link: https://discord.gg/V8yvKPxVCk 

Thanks for reading this report of FameEX Biweekly. Stay engaged with our official social media; your voice matters to us!