FameEX Biweekly: Ding! Thanksgiving Rewards to Be Claimed... (November 2024, Issue 2)

Overview:

Catch up the highlights from Nov 16 to Nov 30, 2024. Thanksgiving might be over, but the rewards worth 999,999 USDT are still up for grabs! Don’t miss the latest updates in this biweekly report—claim your Thanksgiving rewards with just one click. Ding! Your rewards are on the way!

Crypto News

FameEX Hot Topics | U.S. Bitcoin Reserve Proposal Could Propel Bitcoin to $500K

Michael Novogratz, CEO of Galaxy Digital, has predicted that Bitcoin’s value could soar to $500,000 if the U.S. establishes a strategic reserve for the cryptocurrency. During an interview on Bloomberg Television, Novogratz, a known Bitcoin advocate, stated, “If we get the Bitcoin reserve, as a guy who owns a lot of Bitcoin, I won’t cry... I think Bitcoin heads to $500,000.” He believes that such a move would force other countries to follow suit, creating a new financial paradigm.

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99.3% of Bitcoin UTXOs Currently in Profit

CryptoQuant CEO Ki Young Ju stated that 99.3% of Bitcoin unspent transaction outputs (UTXOs) are profitable, signaling a "mania" phase in the market. He noted that such phases usually last 3 to 12 months but cautioned about exceptions, referencing the bull trap of November 2021.

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Trump Team Explores Creating First Cryptocurrency Role in the White House

On November 21, reports revealed that the Trump team is evaluating the establishment of a dedicated cryptocurrency role in the White House.

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FameEX Hot Topics | Wave of Solana ETF Filings Emerges as Gensler Announces Departure Date

Cboe BZX Exchange has submitted four 19b-4 filings for asset managers Bitwise, VanEck, 21Shares, and Canary Capital to list spot Solana exchange-traded funds (ETFs). If approved, the Solana ETFs will be listed on Cboe's BZX Exchange.

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Analysts Assert Bitcoin Bull Market Continues, Highlight Dollar Trend as Key Factor

Macroeconomic analyst Noelle Acheson believes Bitcoin's bull market, up 111% this year, is ongoing, with expectations of surpassing $100,000. Key factors include rising on-chain activity and the U.S. dollar trend. Despite ETF-driven data distortions, total on-chain transaction volume continues to grow, remaining below overheated levels, signaling further market potential.

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FameEX Anti-Fraud Tutorial: How Investors Can Identify the Official Website and Ensure Its Legitimacy, Safety, and Security?

FameEX is a global cryptocurrency exchange that has gained popularity among users in Southeast Asia, the United States, Australia, and other regions. Recently, some users reported encountering fraudulent platforms using phishing URLs that impersonate the “FameEX Exchange” to mislead consumers into investing. After thorough investigation and verification by many users, it was confirmed that these fraudulent platforms are phishing websites. In contrast, FameEX’s official platform operates legally and securely. 

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Bitcoin Dominance Expected to Remain Strong in the Short Term

CryptoQuant CEO Ki Young Ju stated that Bitcoin dominance is expected to remain strong in the short term. During Bitcoin's 37% market value increase, large-cap stocks rose 16%, while small and mid-cap stocks gained only 10%, except during April's meme coin season when smaller cryptos outperformed Bitcoin. 

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FameEX News

Platform Events

1. New Listing Airdrop. FameEX launched a new listing celebration for KANGO, and all users can trade the KANGO spot to share 100,000 USDT from November 22, 2024 to November 28, 2024. In addition, users can interact with social media to win corresponding rewards. For details, please view the event announcement.

View Announcement

2. FameEX Thanksgiving Event. FameEX platform launched the "FameEX Thanksgiving Rewards: 999,999 USDT Up for Grabs” event from November 28, 2024 to December 9, 2024. During the event, simply sign up, deposit, trade, or invite friends to earn incredible rewards. For details, please view the event announcement.

View Announcement

New Listing

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

◆ KANGO(KANGO): KANGO/USDT was listed in the spot trading zone on Nov 20, 2024.

◆ OSCAR OG SHIBA INU (OSCAR): OSCAR/USDT was listed in the spot trading zone on Nov 29, 2024.

Project Rebranding

1. Red Devil Knight (HF) Token Swap and Rebranding: FameEX has completed the Red Devil Knight (HF) token swap and rebranding to HF RealX (HF) on Nov 23. The new HF tokens will be adopted by FameEX as the token code after the process.

View Announcement

Trading Volume

◆ As of Nov 30, FameEX's highest ranking on CoinMarketCap hit 38, with a 24-hour trading volume of $19,762,095,671, an average liquidity of 911, and a weekly average of 1,239,354 visits. (Data source: CoinMarketCap)

◆ As of Nov 30, the total assets in the FameEX insurance fund stand at 8,135,585.3 USDT. It is updated daily and can be viewed HERE in real-time.

FameEX Official Community

1. X (formerly Twitter): 135K Followers. Link: https://twitter.com/FameexGlobal 

2. Telegram (Global): 81,368 Members. Link: https://t.me/fameexgroup

3. Discord: 14,638 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!