1. BTC Market TrendFrom July 1 to 3, the BTC spot price swung from $59,362.65 to $63,835.37, a 7.53% range. Recently, the key statements from the Federal Reserve (Fed) and the European Central Bank (ECB) are as follows:1) On July 2, Fed’s Goolsbee stated: “I believe our policy is restrictive, and we

Bitcoin's Correlation with S&P 500 Drops Sharply, Indicating Potential BottomThe correlation between Bitcoin (BTC) and the S&P 500 (SPX) fell to 0.05, signaling market divergence. Historically correlated during the pandemic and late 2021-2022, both rose significantly in early 2024. While SPX

South Korea is set to implement new crypto investor protection laws, prompting local exchanges to review over 1,300 listed tokens within the next six months. A coalition of 20 South Korean crypto exchanges, united under the Digital Asset Exchange Alliance (DAXA), has assured that these regulations w

The decline in BNB's price today is concerning, driven by recent data indicating a shrinking market share at the exchange.Source: coins.phFollowing a three-day uptrend that peaked at $590 on July 1st, BNB has since retreated, hitting an intraday low of $552 on July 3rd, marking a 3.75% drop in the p

Standard Chartered has predicted that Bitcoin could reach a new all-time high in August and hit $100,000 by the U.S. presidential election in November. Geoffrey Kendrick, the bank’s head of forex and digital assets research, shared this forecast, suggesting that a Trump victory could further boost b

The volume on the Ethereum network has seen a significant surge, driven largely by a single decentralized application accounting for 59.5% of the total network volume. Source: www.institutionalinvestor.comDespite Ethereum's continued dominance in DApp adoption and transaction volumes compared to com

Powell Suggests Fed May Implement Gradual Rate CutsPowell suggested the Fed may "slowly" cut interest rates, citing a strong labor market. He didn't specify timing, noting that important data will be released before the July and September meetings. His cautious approach aligns with expectations.Texa

Ether Investment products encountered substantial outflows towards the end of June, marking their most significant withdrawals since August 2022. Source: cryptoslate.comThe weekly analysis reported a notable downturn, with investors pulling out $61 million from Ether investment products between June

Tether, the world’s largest stablecoin issuer, has introduced a new crypto payment option in the Philippines, allowing citizens to pay their Social Security System (SSS) contributions in USDT. The SSS, a state-run social insurance program, supports employees in official, informal, and private sector

Overview:Catch up the highlights from June 16 to June 30, 2024. FameEX introduced several important updates on June 25, enhancing the user experience significantly. A new push notification feature now provides timely platform information, while optimized network stability ensures smoother transactio