FameEX Biweekly | FameEX Official Released APP 3.2.8 Version, More New Features to Explore! (Issue 2, October 2023)

Overview:

Catch up the highlights from October 16 to October 31, 2023. We have upgraded the Android & iOS version of the FameEX APP V3.2.8 (152), launched perpetual futures trading for Big Time (BIGTIME), and officially supported Enjin Coin (ENJ) mainnet swap. From this month, the FameEX official community will launch regular and diversified lucky draw events. For more details, check out this issue of FameEX Biweekly.

Crypto World News

Australian Crypto Exchanges Approach New Licensing Regime with Cautious Optimism

The Australian Treasury has unveiled a consultation paper that details plans to regulate crypto exchanges in the country. The new regulatory framework – released on October 16 and titled “Regulating Digital Asset Platforms” – would require cryptocurrency exchanges to apply for financial services licenses from the local regulator. The Treasury asserts that the framework aims to foster innovation in the digital asset sector while ensuring that consumer rights are upheld. While some concerns remain, many exchanges are largely pro the Australian Treasury’s proposal to regulate them.

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SEC Abandons Lawsuit Against Ripple Executives, Dismissing All Charges — Ripple Brands It a ‘Concession by SEC’

The U.S. Securities and Exchange Commission (SEC) has dismissed all charges against Ripple’s CEO Brad Garlinghouse and co-founder Chris Larsen. Ripple’s chief legal officer characterized this as a “surrender” by the SEC and emphasized that it was not a settlement. The decision marks a significant development in the ongoing legal battle between the SEC and Ripple executives.

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Crypto Market Sentiment Peaks, Matching BTC’s All-Time High of $69,000

The Crypto Fear & Greed Index, a gauge of market sentiment, has surged to levels not witnessed since the crypto market’s peak rally in November 2021, coinciding with Bitcoin’s record-high price of $69,000. Currently, at a score of 72, it falls into the “greed” category, representing a six-point rise from October 24 and a substantial 16-point increase from its “neutral” score of 50 on October 18.

This resurgence in market sentiment correlates with growing anticipation that the SEC may soon approve BlackRock’s spot Bitcoin exchange-traded fund (ETF). This optimism aligns with Bitcoin’s remarkable performance on October 24, when it recorded its most substantial single-day gain in over a year, surging by 14% and briefly surpassing the $35,000 mark.

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Chinese Digital Yuan CBDC Utilized in Historic Cross-Border Oil Transaction

PetroChina International made history on October 19 by purchasing 1 million barrels of crude oil using the digital yuan (e-CNY) for the first time. This transaction was in response to a call from the Shanghai Municipal Party Committee and Municipal Government to integrate the Chinese central bank digital currency (CBDC) into international trade, signifying a significant advancement for the digital yuan, as reported by China Daily.

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Bitcoin Is Developing Into An Ecosystem Of Several Assets

Programmer Casey Rodamor unveiled Ordinals, a technology that enables you to permanently write any data onto the Bitcoin blockchain. As the forefront of technology, Ordinals sparked a trend where testing, creativity, and the idea of the Bitcoin network as a substantial decentralized storage repository began to flourish. All things considered, we may argue that the multi-asset orange net phase of Bitcoin is underway. These fresh applications can attract and maintain more programmers who could be keen on these new technologies as well as bring in and keep new consumers who hadn’t previously seen Bitcoin as a secure means of storing wealth.

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FameEX Updates

Platform Events

1. Special Giving Back: 

FameEX held the “Special Giving Back: Deposit & Trade to Grab 100,000 USDT” event from Oct. 14 to Oct. 23, 2023. Users who complete the specified tasks will have the opportunity to share 100,000 USDT. This event was for all FameEX users and 8,628 users signed up to participate.

View Announcement

2. Newcomers Lucky Draw:

FameEX launched the “Sign Up to Win 1,000 USDT Rewards” event for new users from Oct. 16 to Nov. 16, 2023. In this event, users can win up to 1,000 USDT.

View Announcement

3. Halloween Carnival: 

FameEX officially released the “FameEX Halloween Carnival: Candy Giveaway Worth $666,666” event to celebrate Halloween from Oct. 26 to Nov. 4, 2023. Users can get candies by participating in the event, which can eventually be exchanged for token rewards.

View Announcement

Community Events

1. FameEX Telegram Group Lucky Draw. FameEX official Telegram group held a total of 12 interactive lucky draw events from Oct. 16 to Oct. 31, 2023. Users can join and actively interact in the FameEX official Telegram group during the weekly events, and users who meet the conditions will have the opportunity to draw USDT rewards.

2. FameEX Official Twitter Event. FameEX held 17  community events on official Chinese/English Twitter, including popular token price predictions, crypto gainers predictions, interactive lucky draws, and other forms of events. For more events, please follow @FameEXGlobal@FameEXzh.

New Listing

A new token was listed on the FameEX platform during the period.

◆ Security Token Offering (STO): STO/USDT was listed in the spot trading zone on October 31, 2023.

New Futures Pair

A new futures trading pair was listed on the FameEX platform during the period.

◆ BIGTIMEUSDT was listedin the futures trading zoneat 18:00 (UTC+8) on October 16, 2023.

Deposit & Withdrawal Suspension

A token was suspended for deposits and withdrawals.

◆ Due to the upgrade of the SOL mainnet, FameEX suspended the deposit and withdrawal services of SOL at 21:30 (UTC+8) on October 26. For the safety of your assets, please do not deposit or withdraw SOL before resuming.

Mainnet Swap

The FameEX platform has supported Enjin Coin (ENJ) mainnet swap. From now on, the deposit service of old Enjin Coin (ENJ) tokens will no longer be available. Please do not continue to deposit old Enjin Coin (ENJ) tokens to avoid asset losses.

Mainnet Swap Announcement

Trading Volume

◆ The FameEX platform ranked 72 on CoinMarketCap on October 31. The 24-hour trading volume was $268,822,670, with an average liquidity of 447. The platform had an average of 534,712 weekly visits. (Data source: CoinMarketCap)

◆ The FameEX platform ranked 55 on CoinGecko on October 31. The 24-hour trading volume was $282,113,824 and the monthly visits exceeded 2.0M. (Data source: CoinGecko)

◆ As of October 31, The total assets in the FameEX wallet amounted to 15,490,243.1USDT, and the total assets in the risk reserve wallet were 3,961,968USDT.  The total assets of the FameEX wallet and risk reserve wallet are updated once a day and can be viewed HERE in real time.

Feature Upgrades

1. FameEX APP has been upgraded to V3.2.8. At 10:49 (UTC+8) on October 27, Android V3.2.8(152) & iOS V3.2.8(152) versions of FameEX APP were upgraded.

Details are as follows:

◆ Optimized the app compatibility for Android 13.

◆ Optimized the set-up style of cashback rates in Referral & Affiliate.

◆ Enhanced several functions for a better user experience.

◆ Mandatory Upgrade: Yes

Project Information

Project Research

FameEX Research released the latest report: Big Time (BIGTIME).

FameEX Official Community

1. X (formerly Twitter): 96,000 Followers. Link: https://twitter.com/FameexGlobal 

2. Chinese X: 11,000 Followers. Link: https://twitter.com/FameEXzh 

3. YouTube: 1,640 Subscribers. Link: https://www.youtube.com/c/FAMEEX 

4. Telegram (Global): 186,311  Followers. Link: https://t.me/fameexgroup 

5. Discord:  5,808 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!