FameEX Biweekly丨Thriving Momentum: Now Rank 40th on Global Exchanges! (Issue 1, April 2024)

Overview

Catch up the highlights from April 1 to April 15, 2024. During this period, FameEX has achieved its highest ranking on CoinMarketCap, reaching 40th place. We extend our heartfelt gratitude to our global community for their unwavering support. In addition, we have listed many high-quality coins and provided abundant airdrops and benefits for everyone. For more details, check out this issue of FameEX Biweekly and find out what’s new on FameEX!

Crypto World News

Stablecoin Provider Tether Successfully Undergoes SOC 2 Type 1 Examination

On April 1st, Tether, renowned for its USDT stablecoin, proudly announced its completion of the System and Organization Controls (SOC) 2 Type 1 Audit. This pivotal achievement underscores Tether’s dedication to maintaining the highest security standards, protecting its technological infrastructure, and ensuring the security of its systems in the financial realm.

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Whales Brace For The Impending Bitcoin Halving Frenzy 

Recently, a significant event occurred: an unidentified whale, possibly one of Bitcoin’s early miners, amassed a substantial portion of its mined rewards. On March 26, this entity merged 40 batches of mining rewards, originally consisting of 50 bitcoins each, into a single wallet, as pointed out by developer mononautical.

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For Mining To Remain Profitable After The Halving Bitcoin Must Stay Above $80,000

Market data indicates that following Bitcoin’s halving in mid-April, the mining cost for Antminer S19 XP will rise from around $40,000 to approximately $80,000. This is primarily due to mining costs doubling after each halving event. Following the May 2020 halving, the threshold for miners to sustain profitable operations increased beyond $30,000, coinciding with Bitcoin’s surge to a new peak of $69,000 during that cycle.

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The Hong Kong Bitcoin Spot ETF Is Projected to Receive Approval by April 15

The Securities Regulatory Commission of Hong Kong (SFC) is fast-tracking the approval of four spot Bitcoin ETFs, aiming for the first batch to be sanctioned by April 15. Following the SFC’s green light, it takes the Hong Kong Stock Exchange two weeks to complete the listing process for Bitcoin ETFs.

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Analyst Deems Bitcoin’s Return to $50K Price Level ‘Pretty Unlikely’

Since late February, Bitcoin has maintained a price above $50,000, with crypto analyst Dylan LeClair suggesting a return to that level seems improbable. LeClair, a senior analyst at UTXO Management, noted on April 7 that a Bitcoin rebound to the $70,000–$75,000 range could heavily pressure short positions, indicating a bullish outlook for the cryptocurrency’s near future.

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Peter Schiff Raises Alarm Over Resurgence of High Inflation — Calls Out JPMorgan CEO Jamie Dimon for Downplaying the Issue

Renowned economist Peter Schiff predicts a resurgence of high inflation, advocating for substantial Fed rate increases. He criticizes JPMorgan CEO Jamie Dimon for underestimating the US economic challenges. Schiff acknowledges Dimon’s perspective as more accurate than other Wall Street CEOs.

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FameEX Updates

Platform Events

1. Amplify Your Solana Potential on FameEX. From March 26 to April 5, 2024, with the Solana ecosystem market thriving, FameEX launched the “Amplify Your Solana Potential on FameEX: Join to Share 60,000 USDT Giveaway” event. All FameEX users are eligible to earn SOL ecosystem token airdrops by depositing any tokens. Please view the announcement for more details.

View Announcement

2. FameEX New Listing ANTP. To mark the listing of ANTP, FamEX launched the “FameEX New Listing ANTP: Share 100,000 ANTP Airdrops” event from March 29 to April 5, 2024. Users who participate in the event can get a 400 ANTP airdrop reward. Please view the announcement for more details.

View Announcement

3. Get Ready for BTC Halving with FameEX and Win 30,000 USDT in Prizes. From April 10 to 20, 2024, FamEX is launching the “Get Ready for BTC Halving with FameEX and Win 30,000 USDT in Prizes” event to mark the BTC halving. Users who complete the trade or deposit task can win gorgeous rewards. Please view the announcement for more details.

View Announcement

4. FameEX New Listing TCAP. From April 11 to 18, 2024, FameEX is launching the “FameEX New Listing TCAP: Join to Share 100,000 TCAP Airdrops” event to celebrate the new listing of TCAP. Users can share the corresponding prize pool by completing TCAP spot trades. Please view the announcement for more details.

View Announcement

5. FameEX New Listing TUSD. From April 8 to 15, 2024, FameEX is launching the “FameEX New Listing TUSD: Grab Your Share of 20,000 USDT” event in honor of the TUSD listing. Users can share the corresponding prize pool by completing TUSD spot trades. Please view the announcement for more details.

View Announcement

New Listing

Ten new tokens were listed on the FameEX spot trading zone during the period.

• Axelar (AXL): AXL/USDT was listed on April 2, 2024.

• Slerf (SLERF): SLERF/USDT was listed on April 3, 2024.

• BOOK OF MEME (BOME): BOME/USDT was listed on April 3, 2024.

• dogwifhat (WIF): WIF/USDT was listed on April 3, 2024.

• EVE AI (EVEAI): EVEAI/USDT was listed on April 3, 2024.

• TrueUSD (TUSD): BTC/TUSD, ETH/TUSD, and TUSD/USDT pairs were listed on April 8, 2024.

• Crypto Tex (CTEX): CTEX/USDT was listed on April 10, 2024.

• Mfercoin (MFER): MFER/USDT was listed on April 11, 2024.

• Phoenix Blockchain (PHX):PHX/USDT was listed on April 12, 2024.

• Honey (HNY): HNY/USDT was listed on April 15, 2024.

Trading Volume

• The FameEX platform ranked 40th on CoinMarketCap on April 15, with a 24-hour trading volume of $385,815,463, an average liquidity of 633, and an average weekly visit count of 692,456. (Data source: CoinMarketCap)

• As of April 15, the total assets in the risk reserve wallet amount to5,736,605 USDT. It is updated daily and can be viewed HERE in real-time.

Feature Upgrades

1.  APP Functionality Update and Optimization. On April 1, FameEX Android and iOS Enterprise versions were officially updated on the website. The Android version is now Android V3.4.3(167), and the iOS version is V1.0.9 (10). This update primarily includes the following optimizations:

• Adjusted the homepage layout adjustment.

• Optimized UI styles.

• Added banner images and position change.

2. Deposit and Withdrawal Service Optimization. On April 9, FameEX streamlined the deposit and withdrawal processes for both the website and app. The main improvements are as follows:

• Unified the deposit and withdrawal process and eliminated redundant obstacles.

• Streamlined pages to enhance the user experience.

• Implemented step-by-step guidance for faster and smoother interactions.

Project Information

FameEX Research released the latest reports: PORTAL (Portal), PANDORA (Pandora), YGG (Yield Guild Games), BABYBONK (Baby Bonk) and SOL (Solana).

FameEX Official Community

1. X (formerly Twitter): 97K, link: https://twitter.com/FameexGlobal  

2. Chinese X: 7,153 Followers, link: https://twitter.com/FameEXzh
3. YouTube: 1,730 Subscribers, link: https://www.youtube.com/c/FAMEEX

4. Telegram (Global): 139,154 Members, link: https://t.me/fameexgroup

5. Discord: 7,778 Members, link: https://discord.gg/V8yvKPxVCk

Thanks for reading this report of FameEX Biweekly. Stay engaged with our official social media, and your voice matters to us!