FameEX Biweekly: New Push Notification Feature to Provide Immediate Platform Information Updates (June 2024, Issue 2)

Overview:

Catch up the highlights from June 16 to June 30, 2024. FameEX introduced several important updates on June 25, enhancing the user experience significantly. A new push notification feature now provides timely platform information, while optimized network stability ensures smoother transactions in the volatile crypto market. To show appreciation for its affiliates and users, FameEX also launched multiple airdrop events during this period. Read this issue to quickly catch up on the latest hot topics on the FameEX platform!

Crypto World News

FameEX Hot Topics | SEC Rejects Ripple’s Request for Reduced Penalty

The United States Securities and Exchange Commission (SEC) has criticized Ripple Labs’ recent request for a lower penalty, arguing that the proposed amount wouldn’t suffice. On June 13, Ripple cited the SEC’s settlement with Terraform Labs and sought a penalty of “no more than $10 million,” significantly lower than the SEC's suggested $876.3 million civil penalty.

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Tesla May Reconsider Bitcoin As A Greener Mining Landscape Emerges

In May 2021, Tesla halted Bitcoin payments due to concerns over the cryptocurrency’s environmental impact, particularly its reliance on fossil fuels like coal for mining. Elon Musk indicated that Tesla would reconsider Bitcoin transactions once mining operations shifted to more sustainable energy sources, aiming for at least 50% clean energy usage with a positive trend.

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FameEX Hot Topics | Bank of America: Young Wealthy Investors Favor Crypto Over Traditional Investments

A Bank of America’s latest report reveals that younger affluent individuals show a distinct preference for cryptocurrencies and alternative investments compared to older generations, who typically focus on traditional assets like stocks and bonds. The report, titled “2024 Bank of America Private Bank Study of Wealthy Americans,” was released on Tuesday and examined generational financial strategies and the impact of the impending wealth transfer.

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FameEX Hot Topics | 54% of Institutional Investors in Japan Plan to Invest in Cryptocurrency

A recent survey by Nomura Holdings and its digital asset arm, Laser Digital, reveals that 54% of Japanese institutional investors plan to invest in cryptocurrencies over the next three years. Most managers indicated they "want to invest" or are "more likely to invest," while the remainder stated they "most likely don’t want to invest" or "don’t want to invest."

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SEC Could Approve Ethereum Spot ETF on July 4

The U.S. SEC may approve the Ethereum spot ETF as early as July 4, with negotiations between asset management companies and regulators in the final stage. Eight firms, including BlackRock, VanEck, Franklin Templeton, and Grayscale, are seeking approval. They reported that the process of revising issuance documents has progressed to the point where only “minor” issues remain.

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FameEX News

Platform Events

1. Trade HTE to Win Airdrops Event. From June 20 to June 27, FameEX held the "FameEX Sparks Fire for HTE Gala: Deposit & Trade to Win Big With $5,600 HTE Airdrops" event. During the event, all platform users can complete the corresponding tasks through deposits and tradings to win HTE token rewards of different amounts. For details, please view the event announcement.

View Announcement

New Listing

Three new tokens were listed on the FameEX Spot during the period.

◆Worldwide USD (WUSD): WUSD/USDT was listed in the spot trading zone on June 25, 2024.

◆ ZUSHI (ZUSHI): ZUSHI/USDT was listed in the spot trading zone on June 28, 2024.

◆ Bird Dog (BIRDDOG): BIRDDOG/USDT was listed in the spot trading zone on June 28, 2024.

Trading Volume

◆ The FameEX platform ranked 55 on CoinMarketCap on June 30. The 24-hour trading volume was $294,787,116, with an average liquidity of 542 and an average of 1,005,225 weekly visits. (Data source: CoinMarketCap)

◆ As of June 30, the total assets in the risk reserve wallet are 6,521,656 USDT. It is updated daily and can be viewed HERE in real time.

Feature Upgrades

1. [App Upgrades]: On June 25, the FameEX platform completed the optimization and upgrade of the Android APP version V3.5.1 (179) and the iOS Enterprise version V1.1.7 (20). The specific updates are as follows:

• Added push notification feature to provide users with more timely platform information;

• Optimized the app upgrade experience for users;

• Improved network connection;

• Enhanced email registration experience with a quick pop-up of common email domains;

• Added market sharing feature.

Project Information

FameEX Research Institute released the latest reports: HOOK (Hooked Protocol),SFP (SafePal), GAL (Galxe), and MASK (Mask Network).

FameEX Official Community

1. X (formerly Twitter): 98K Followers. Link:https://twitter.com/FameexGlobal 

2. Telegram (Global): 151,285 Members. Link: https://t.me/fameexgroup 

3. Discord: 12,975 Members. Link: https://discord.gg/V8yvKPxVCk 

For more official community updates, please follow:

Chinese X (formerly Twitter): 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!