FameEX Morning Crypto News Recap | November 28, 2024

Fed Meeting Minutes Indicate Cautious Approach to Future Rate Cuts

The Federal Reserve's meeting minutes reveal that officials support a cautious approach to future rate cuts due to a strong economy and moderating inflation. They noted that if inflation rises, cuts may pause. Some officials suggested rate cuts could accelerate if the economy or labor market weakens.

November Sees Record High Net Outflow of Stablecoins from Exchanges Since April

On November 27, IntoTheBlock data revealed that stablecoin net outflows from exchanges in November hit their highest level since April. The analysis suggests that this trend, coupled with the recent strong crypto market performance, indicates traders are moving to lock in profits amid favorable market conditions.

Tether to Discontinue EUR₮ Support; Holders Must Redeem by November 27, 2025

Tether announced it will discontinue support for EUR₮, halting new issuance requests after 2022. Holders must redeem their EUR₮ by November 27, 2025. The decision is driven by evolving regulatory frameworks for stablecoins in the European market, prompting Tether to focus on other stablecoin initiatives.

79.5% of Projects Plan to Increase Hiring in 2025, 77.2% Anticipate Emergence of Breakthrough Applications

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

Stablecoins Make Up Just 0.2% of Global E-Commerce Transactions, with Non-USD Stablecoins Remaining Scarce

A report by Quinlan & Associates and IDA highlights stablecoins' advantages, including cost-effectiveness, transparency, and fast processing. However, stablecoins only account for 0.2% of global e-commerce transactions, and non-US dollar stablecoins remain scarce, limiting their broader adoption in global markets.

Bitcoin Blockchain NFT Sales Surge Over 80% in 30 Days, Topping $167 Million

CryptoSlam data reveals Bitcoin blockchain NFT sales surged 80% in 30 days, surpassing $167 million in total sales.

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