FameEX Biweekly: UEFA EURO Prediction Challenge Heats Up, Join for a Share of $80,000 (July 2024, Issue 1)

Overview:

Catch up the highlights from July 1 to July 15, 2024. During this period, the FameEX platform has launched the highly anticipated UEFA EURO Prediction Challenge. All users can not only watch the thrilling games but also share in the $80,000 prize pool by predicting the match results! Additionally, the FameEX app has completed its feature updates for both Android and iOS versions. Read this issue of the Biweekly to quickly catch up on the latest highlights from the FameEX platform!

Crypto World News

FameEX Hot Topics | Hawaii Ends Sandbox Program: Crypto Firms No Longer Require State Money Transmitter Licenses

The U.S. state of Hawaii’s regulatory sandbox, the Digital Currency Innovation Lab (DCIL), concludes today. Consequently, crypto companies will no longer need a Hawaii-issued money transmitter license to conduct business within the state, although they must still comply with federal regulations.

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Matrixport: Bitcoin and Ethereum Lead Performance Rankings This Year

Matrixport data reveals that Bitcoin and Ethereum are the best-performing major assets year-to-date, with increases of 48.3% and 46.0%, respectively. In comparison, the Nasdaq and S&P 500 rose by 20.0% and 15.1%, oil and gold by 14.2% and 12.7%, and the US dollar by 4.5%, while bonds fell by 6.6%.

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FameEX Hot Topics | Standard Chartered Forecasts Bitcoin Reaching New All-Time High in August

Standard Chartered has forecasted that Bitcoin could hit a new all-time high in August and reach $100,000 by the U.S. presidential election in November. Geoffrey Kendrick, the bank’s head of forex and digital assets research, shared this prediction, suggesting that a Trump victory would further boost Bitcoin’s price. He maintains year-end and 2025 targets of $150,000 and $200,000, respectively.

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Bitcoin’s Correlation with S&P 500 Plummets, Signaling Potential Bottom

The correlation between Bitcoin (BTC) and the S&P 500 (SPX) dropped to 0.05, indicating market divergence. Historically, the two were highly correlated during the pandemic and between late 2021 and 2022. In early 2024, both rose significantly. While SPX hits new highs, BTC hovers around $60,000. BTC and SPX have been negatively correlated four times since 2019, each marking local lows for Bitcoin.

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Over 300 ETFs Launched by 2024, with the Four Most Successful Being Spot Bitcoin ETFs

Nate Geraci, president of The ETF Store, reported that over 300 ETFs have been launched in 2024, with the four most successful being spot Bitcoin ETFs: IBIT, FBTC, ARKB, and BITB.

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Trump Scheduled to Address 2024 Bitcoin Conference

President Donald Trump is confirmed to speak at Bitcoin 2024, the largest Bitcoin conference globally, occurring in Nashville, Tennessee from July 25-27. This marks a significant milestone for an event known for historic news and major industry announcements.

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FameEX News

Platform Events

1. FameEX UEFA Euro 2024 Forecast Challenge. From July 2, 2024 to July 15, 2024, FameEX held the “Join the FameEX UEFA Euro 2024 Forecast Challenge for the 80,000 USDT Prize Pool” event. All FameEX users can share the corresponding rewards by completing different event tasks. For details, please view the event announcement below.

View Announcement

New Listing

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

◆KENDUINU (KENDU): KENDU/USDT was listed in the spot trading zone on July 2, 2024.

◆ Barter (BRTR): BRTR/USDT was listed in the spot trading zone on July 2, 2024.

◆ARMA (ARMA): ARMA/USDT was listed in the spot trading zone on July 6, 2024.

◆ FFF(FFF): FFF/USDT was listed in the spot trading zone on July 11, 2024.

Token Update

FameEX has supported the plan to merge Ocean Protocol (OCEAN) and SingularityNET (AGIX) tokens into Artificial Superintelligence Alliance (FET) on July 15, 2024. After the token merger, FameEX will adopt FET as the token code for OCEAN and AGIX.

Trading Volume

◆ The FameEX platform ranked 31 on CoinMarketCap on July 15. The 24-hour trading volume was $1,110,207,698, with an average liquidity of 568 and an average of 1,093,240 weekly visits. (Data source: CoinMarketCap)

◆ As of June 15, the total assets in the risk reserve wallet are 6,683,829.7 USDT. It is updated daily and can be viewed HERE in real time.

Feature Upgrades

1. Candlestick Chart Optimization: FameEX completed the optimization and upgrade of its candlestick chart on July 5, resolving related issues that previously caused with a less smooth user experience.

2. Web Optimization: FameEX completed the optimization and upgrade of the Web on July 5. Details are as follows:

• Added the estimated liquidation price on the Futures trading page to assist users in placing orders;

• Optimized the interactive function of the spot trading page;

• Optimized the spot order history and trade history.

3. APP Version Update: FameEX completed the optimization and upgrade of the Android V3.5.3 and IOS enterprise packages on the APP on July 8. Details are as follows:

• Optimized the chart autoscale function on the candlestick chart;

• Released the trading pair quick add-on and edit function on the market page;

• Updated the APP’s new introduction on the Google Mall.

Project Information

FameEX Research released the latest reports: REEF (Reef),RACA (Radio Caca), and MAGA (MAGA).

FameEX Official Community

1. X (formerly Twitter): 106K Followers. Link: https://twitter.com/FameexGlobal 

2. Telegram (Global): 156,164 Members. Link:https://t.me/fameexgroup 

3. Discord: 13,463 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!