FameEX Ranked 32nd in Spot Exchange List, Earning Global Praise for Its Incident-Free Service (Issue 1, May 2024)

Overview

Let’s catch up on the highlights from May 1 to May 15, 2024. As our platform’s top-notch version evolves swiftly, FameEX has garnered favor and affection from users worldwide. With the support of all users, we have recently achieved the impressive ranking of 32nd on the global cryptocurrency exchange spot trading leaderboard. To celebrate this milestone, we have prepared numerous exciting events to share with everyone during this period. For more details, check out this issue of FameEX Biweekly and find out what’s new on FameEX!

Crypto World News

Bitcoin Has Achieved One Billion Transactions

The Bitcoin network has successfully processed its one billionth transaction, a significant milestone occurring 15 years after its inception. According to Clark Moody’s Bitcoin dashboard, this landmark transaction numbered 1,000,000,000, was included in block 842,241, which was mined at 9:34 pm UTC on May 5.

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FameEX Hot Topics | Franklin Templeton Investment Firm Predicts Solana Will Become the Third Largest Crypto Asset

Franklin Templeton, a prominent investment firm managing over $1.5 trillion in assets, has forecasted that Solana could rise to become the third-largest cryptocurrency by market cap. The firm highlighted Solana’s resilience and the developmental strides made to address recent network congestion issues.

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Grayscale Has Once Again Pulled Its Application For Ethereum Futures ETF

The surprise move came as Grayscale filed a notice to withdraw its 19b-4 application for the Grayscale Ethereum Futures Trust with the U.S. Securities and Exchange Commission on May 7. The SEC was slated to make a final decision on Grayscale’s Ether futures ETF by May 30. Initially filed on September 19, 2023, Grayscale’s 19b-4 application aimed to introduce an Ether futures ETF listed on the New York Stock Exchange, pending approval.

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Robinhood’s Q1 Crypto Trading Skyrockets 224%

During a Q1 earnings call, Robinhood CEO Vladimir Tenev labeled the SEC’s recent Wells notice as a “disappointing development”. Despite this, Robinhood reported a 224% surge in crypto trading volumes, reaching $36 billion. This significant increase occurred even as the firm faced regulatory scrutiny from the U.S. securities regulator concerning its crypto listings and custodial operations.

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Bitcoin’s On-Chain Data Is Slowing Down Resulting In Sluggish Price Movement

In the May 11 update, Santiment highlighted a notable decline in various on-chain metrics, including transaction volume, daily active addresses, and whale transaction count. Transaction volumes are nearing their lowest levels in a decade, while daily active addresses have dipped to levels last seen in January 2019. Moreover, whale transactions, typically exceeding $100,000 in value, have slowed considerably, echoing levels from December 2018.

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FameEX Updates

Platform Events

1. FameEX Bull Market Gala. From April 29 to May 9, 2024, FameEX launched the “FameEX Bull Market Gala: Share 30,000 USDT to All Users” event. Users who deposit or trade any tokens can receive corresponding rewards from a prize pool of 30,000 USDT. For details, please check the announcement.

View Announcement

2. FameEX New Listing PI. From May 1 to 8, 2024, FameEX introduced the “FameEX New Listing PI: Join to Share 10,000 PI Airdrops” event. Users who complete their first PI spot trade of any amount can enjoy airdrop rewards. The prize pool is 10,000 PI. For details, please check the announcement.

View Announcement

3. FameEX Boosts Rune Craze. From May 10 to 20, 2024, FameEX is launching the “FameEX Boosts Rune Craze: Trade and Share $30,000 BTC” event. Users can participate in this event by depositing, trading, or accumulating trades to win specific rewards. For details, please check the announcement.

View Announcement

New Listing

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

• ULAM (ULAM): ULAM/USDT was listed on May 7, 2024.

• Frax Share (FXS): FXS/USDT was listed on May 8, 2024.

• CEEK VR (CEEK): CEEK/USDT was listed on May 8, 2024.

• Cronos (CRO): CRO/USDT was listed on May 9, 2024.

• Dogechain (DC): DC/USDT was listed on May 9, 2024.

• Stella (ALPHA): ALPHA/USDT was listed on May 14, 2024.

• BakeryToken (BAKE): BAKE/USDT was listed on May 14, 2024.

New Futures Listing

One new token was added to the FameEX perpetual futures trading zone during the period.

• Nervos CKB (CKB): CKBUSDT was listed on May 10, 2024.

Token Swap

On May 14, FameEX announced support for the BLACK PHOENIX (BPX) token swap and redenomination plan. For details, please check the announcement.

Swap Announcement

Trading Volume

• The FameEX platform ranked 32nd on CoinMarketCap on May 15, with a 24-hour trading volume of $441,824,902, an average liquidity of 686, and an average weekly visit count of 572,095. (Data source: CoinMarketCap) 

• As of May 15, the total assets in the risk reserve wallet amount to6,045,542.97  USDT. It is updated daily and can be viewed HERE in real-time.

Project Information

FameEX Research released the following reports: WIF (dogwifhat), MFER (Mfercoin), TNSR (Tensor), ENA (Ethena), and ETH (Ethereum).

FameEX Official Community

1. X (formerly Twitter): 97K, link: https://twitter.com/FameexGlobal  

2. Telegram (Global): 150,978 Members, link:https://t.me/fameexgroup

3. Discord: 19,901 Members, link: https://discord.gg/V8yvKPxVCk

For more official community updates, please follow:

Chinese X: https://twitter.com/FameEXzh 

Youtube: https://www.youtube.com/c/FAMEEX

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