FameEX Morning Crypto News Recap | February 20, 2024

Trader Makes $13 Million Profit from Sale of 10 NFTs Acquired Three Years Prior

DL News reported on February 20th that an anonymous NFT trader, known as OldSchoolCollection, earned a $13 million profit by selling 10 early Ethereum NFTs, Autoglyphs, initially purchased for $1.4 million in February 2021 on the NFT marketplace OpenSea. These NFTs were acquired three years ago, highlighting the significant return on investment.

CME "FedWatch": There's a 91.5% chance the Fed will keep interest rates steady in March

As of February 20th, data from CME's "FedWatch" indicates a high probability (91.5%) that the Federal Reserve will keep interest rates within the 5.25%-5.50% bracket in March. Conversely, there's a smaller chance (8.5%) of a rate decrease by 25 basis points.

Bloomberg: UK Official Anticipates Regulations for Stablecoins and Tokenized Equity to Be Established in the Next Six Months

On February 20th, Bloomberg reported that the UK aims to secure legislative endorsement for stablecoin and crypto asset collateral regulations within six months. Bim Afolami, Economic Secretary to the Treasury, emphasized at a Coinbase event in London the government's dedication to advancing this legislation swiftly, expressing confidence in achieving this goal within the projected timeframe.

Bitcoin Contract Open Interest Close to Reaching Historical Peak

As reported by Coinglass on February 19th, Bitcoin futures' open interest surged to $24.211 billion, marking a 1.83% increase within 24 hours. This figure is nearing the record high of $24.268 billion seen in mid-April 2021, highlighting a significant momentum in Bitcoin futures market.

ECB Officials Address Bank Concerns Over Digital Euro, Outline Key Priorities

The European Central Bank (ECB) has recently been disseminating a significant amount of information regarding the digital euro through brochures, FAQs, and other user-friendly formats. In the process, the visible frustration among bankers towards the exaggerated anxieties and lukewarm reception to this new innovation is becoming increasingly evident.

Clarity in Hong Kong Exchange Licensing Draws Interest from Conventional Brokerages

Hong Kong's recent approval of crypto exchanges has spurred interest from both traditional financial institutions and brokerages, with many seeking digital asset licenses for trading. The Securities and Futures Commission (SFC) has granted numerous licenses since allowing retail crypto trading in August, showcasing the growing integration of digital assets into the traditional financial landscape.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.