FameEX Morning Crypto News Recap | November 28, 2024

Fed Meeting Minutes Suggest Cautious Strategy for Future Rate Cuts

The Federal Reserve's meeting minutes indicate a cautious stance on future rate cuts, citing a strong economy and cooling inflation. Officials warned that if inflation increases, rate cuts could pause. However, if the economy or labor market weakens, some officials suggested that cuts may accelerate.

Stablecoin Net Outflows from Exchanges Reach Highest Level Since April in November

On November 27, IntoTheBlock data showed that stablecoin net outflows from exchanges reached their highest point since April. The analysis suggests that this trend, alongside recent strong performance in the crypto market, signals that traders are taking profits by moving stablecoins off exchanges during favorable market conditions.

Tether to End EUR₮ Support; Redemption Deadline Set for November 27, 2025

Tether announced it will discontinue EUR₮ support and stop accepting new issuance requests after 2022. Holders must redeem their EUR₮ by November 27, 2025. This decision stems from changes in the regulatory landscape for stablecoins in Europe, leading Tether to prioritize other stablecoin initiatives.

79.5% of Projects to Boost Hiring in 2025, 77.2% Expect Breakthrough Applications to Emerge

A survey of 44 early-stage projects by CoinFund showed that 79.5% plan to expand hiring in 2025, with 40% expecting team sizes to grow by at least 50%. Additionally, 77.2% believe a breakthrough application, particularly in gaming, global payments, and DeFi, will emerge in 2025.

Stablecoins Represent Only 0.2% of Global E-Commerce Transactions, with Limited Availability of Non-USD Stablecoins

A Quinlan & Associates and IDA report highlights stablecoins' benefits, such as cost-efficiency, transparency, and quick processing. However, stablecoins represent just 0.2% of global e-commerce transactions, with non-US dollar stablecoins remaining limited, which restricts their widespread adoption in international markets.

Bitcoin Blockchain NFT Sales Jump 80% in 30 Days, Surpassing $167 Million

Bitcoin blockchain NFT sales rose 80% in 30 days, reaching over $167 million, according to CryptoSlam data.

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