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FameEX Biweekly: TOKEN2049 Singapore Wraps Up as FameEX and Crypto Investors Head Into the Next Bull Market! (September 2024, Issue 2)
2024-10-04 17:17:00
Overview:
Catch up the highlights from September 16 to September 30, 2024. During this period, FameEX participated in the prestigious TOKEN2049 Singapore. This event significantly heightened FOMO in the market and fueled a bullish outlook. As a result, FameEX has fine-tuned several tactics, including listing schedules and platform events, to help users better manage risk and uncover hidden market opportunities. For more insights, check out this issue!
Crypto World News
The Cryptocurrency Industry is Now Entering the Institutional Era
The cryptocurrency industry is entering the institutional era, beginning with Bitcoin ETFs. This shift emphasizes the importance of institutional support for market growth. While the traditional stock market is dominated by institutional investors, the token market has largely been driven by retail investors.
The Federal Reserve Reduces Federal Funds Rate by 50 Basis Points
On September 19, the Federal Reserve began a rate cut cycle, lowering the federal funds rate by 50 basis points to 4.75%-5.00%, the first reduction since March 2020. Chairman Powell emphasized the strength of the overall economy and the Fed's commitment to supporting growth while easing the degree of policy tightening.
Bitcoin Exchange Deposit Addresses Drop to Lowest Level Since 2016
Leon Waidmann, head of research at the Onchain Foundation, reported on X that CryptoQuant data shows the number of BTC exchange deposit addresses is at its lowest since 2016. This indicates that fewer people are currently willing to transfer their BTC to exchanges for selling.
FameEX Hot Topics | Dormant Bitcoin (BTC) Valued Over $100 Billion
Data shows that over 1,074,352 BTC from 2009 block rewards are still unspent. These unspent bitcoins are distributed across 21,488 addresses. In addition, around 700,000 BTC from 2009-2012 block rewards are still dormant, valued at over $100 billion according to the current trading price. Many of these unspent coins were mined by Bitcoin’s creator, Satoshi Nakamoto, but not all can be attributed to him.
Kamala Harris Backs Crypto Industry, BTC Rebounds Nearly 12%
Kamala Harris's support for the crypto industry during her campaign boosted market optimism. Her pledge to help the industry's development at a fundraising event contributed to Bitcoin's rebound, which surged nearly 12% from its low of $57.5k.
For Each 50 Basis Point Rate Cut by the Federal Reserve, Tether and Circle Will See Annual Revenue Drops Hundreds of Millions of Dollars
Bluechip, a stablecoin research firm, reported that each 50 basis point rate cut by the Federal Reserve will reduce Tether's annual revenue by $488 million and Circle's by $144 million. Lower interest rates diminish returns from U.S. Treasuries, potentially compelling stablecoin issuers to pursue riskier investments to compensate for the lost revenue.
FameEX News
Platform Events
1. JOSE New Listing Airdrop: FameEX launched an airdrop event of “FameEX New Listing JoseCoin (JOSE): Log in to Share 20,000 JOSE” to celebrate the launch of JoseCoin (JOSE) tokens from September 20, 2024 to September 22, 2024. All FameEX users can get airdrop rewards by logging in to the platform on a first-come, first-served basis. For more details, please view the announcement below.
2. GST, FNS, WYZ and W3LT New Listing Airdrop. FameEX launched a new listing airdrop event for GST, FNS, WYZ, and W3LT from September 21, 2024 to September 28, 2024. All users can win rewards by completing the spot trading tasks. For more details, please view the announcement below.
3. GDV, BRC100, HF and FTR New Listing Airdrop. FameEX released the "FameEX New Listing for GDV, BRC100, HF, and FTR: Trade to Share 100,000 USDT" event from September 27, 2024 to October 3, 2024. All users who participate in the above spot tradings and whose cumulative trading volume meets the requirements can share rewards. The rewards are distributed according to the time of order filled, on a first-come, first-served basis, with a total prize pool of 100,000 USDT.
FameEX New Listing
Eight new tokens were listed on the FameEX Spot during the period.
◆ Jose (JOSE): JOSE/USDT was listed in the spot trading zone on Sep 19, 2024.
◆ BRC100 (BRC100): BRC100/USDT was listed in the spot trading zone on Sep 19, 2024.
◆ Red Devil Knigh (HF): HF/USDT was listed in the spot trading zone on Sep 20, 2024.
◆ Future Token (FTR): FTR/USDT was listed in the spot trading zone on Sep 20, 2024.
◆ PEPA (PEPA): PEPA/USDT was listed in the spot trading zone on Sep 23, 2024.
◆ HANePlatform (HANEP): HANEP/USDT was listed in the spot trading zone on Sep 24, 2024.
◆ UBit Token (UB): UB/USDT was listed in the spot trading zone on Sep 25, 2024.
◆ HanChain (HAN): HAN/USDT was listed in the spot trading zone on Sep 26, 2024.
◆ Herbcoin (HERB): HERB/USDT was listed in the spot trading zone on Sep 27, 2024.
◆ Ice Open Network (ICE): ICE/USDT was listed in the spot trading zone on Sep 27, 2024.
◆ Cropto Wheat Token (CROW): CROW/USDT was listed in the spot trading zone on Sep 30, 2024.
◆ Neiro Ethereum (NEIRO): NEIRO/USDT was listed in the spot trading zone on Sep 30, 2024.
Trading Volume
◆ As of September 30, FameEX's highest ranking on CoinMarketCap hit 33, with a 24-hour trading volume of $1,087,084,378, an average liquidity of 754, and a weekly average of 1,174,012 visits. (Data source: CoinMarketCap)
◆ As of September 30, the total assets in the FameEX insurance fund are 7,488,807.9USDT. It is updated daily and can be viewed HERE in real-time.
Branding and Marketing On-site Event
FameEX Event Photo
FameEX, along with other crypto industry leaders, was invited to attend the prestigious TOKEN2049 Singapore. From September 18 to September 19, 2024, they witnessed and discussed the future insights and innovative trends of the crypto industry together.
FameEX Official Community
1. X (formerly Twitter): 107K Followers. Link: https://twitter.com/FameexGlobal
2. Telegram (Global): 106,676 Members. Link: https://t.me/fameexgroup
3. Discord: 15,418 Members. Link: https://discord.gg/V8yvKPxVCk
Follow more official channels on:
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!
