FameEX Biweekly: A New Era Begins with the Launch of fameex.net (February 2025, Issue 1)
2025-02-19 09:01:20
Overview
Catch up the highlights from Feb 1 to Feb 15, 2025. During this period, FameEX has completed a remarkable migration for all tokens and users. The old FameEX website (www.fameex.com) was officially terminated on February 15, 16:00 (UTC), and the new one (www.fameex.net) is live now. As we step into a new chapter with the new site, let’s explore the changes and features of the new FameEX platform in this biweekly report.
Crypto News
El Salvador Revokes Bitcoin’s Legal Tender Status to Meet IMF Loan Requirements
El Salvador’s Congress passed a reform removing Bitcoin’s legal tender status to fulfill the conditions for a $1.4 billion loan from the IMF. Under the new regulations, Bitcoin use becomes voluntary, merchants and institutions are not required to accept it, and it cannot be used for tax payments.
Goldman Sachs Strategist Warns Trump’s Tariffs Could Trigger a 5% Drop in U.S. Stocks
Goldman Sachs strategists warned on February 3 that Trump’s new tariffs could lead to a 5% drop in U.S. stocks. David Kostin, a strategist at Goldman Sachs, noted that investors were surprised by the announcement, as they believed the tariffs would only be imposed if trade talks failed.
Trump Administration Reduces Scope of SEC Cryptocurrency Enforcement Team
The Trump administration is reducing the SEC’s cryptocurrency enforcement group, which previously included over 50 staff members. This move is part of President Trump’s broader efforts to minimize cryptocurrency regulation, fostering the industry's growth while addressing concerns about excessive oversight.
MicroStrategy Rebrands as Strategy, Becomes World’s Largest Bitcoin Finance Firm
MicroStrategy (NASDAQ: $MSTR) has rebranded to Strategy™, becoming the world’s first and largest Bitcoin financial company. It remains the largest independent listed business intelligence firm and is part of the Nasdaq 100 Index.
SEC Acknowledges Receipt of Grayscale’s Solana 19b-4 Submission
The U.S. Securities and Exchange Commission (SEC) has acknowledged receipt of Grayscale’s Solana 19b-4 document submission. This marks a shift, as the SEC had previously declined to process submissions related to Solana.
FameEX Hot Topics | Goldman Sachs Increases Ethereum ETF Holdings by 2,000%, Bitcoin ETFs Surge to $1.5B
According to Goldman Sachs’ 13F filing with the U.S. Securities and Exchange Commission on February 11, the investment bank increased its Ethereum ETF holdings from $22 million to $476 million, almost evenly distributed between BlackRock’s iShares Ethereum Trust (ETHA) and Fidelity Ethereum Fund (FETH), while also investing $6.3 million in Grayscale Ethereum Trust ETF (ETHE).
FameEX News
Platform Events
1. FameEX Weekend Madness #1. From February 8 to February 9, 2025, FameEX launched the time-limited event “FameEX Weekend Madness #1” to express gratitude for users’ support and trust. In this event, all participants have a chance to share a prize pool of up to 1,000,000 AI16Z by engaging in spot or futures trading with any pairs. For details, please refer to the announcement.
2. FameEX Mega Upgrade & Migration Celebration. From February 7 to February 15, 2025, to show gratitude to our loyal users, FameEX launched the “FameEX Mega Upgrade & Migration Celebration: Sign Up to Claim 50 USDT” event with no requirements. Users can share a prize pool of up to 1,000,000 USDT! For details, please refer to the announcement.
3. FameEX Valentine’s Giveaway. FameEX prepared an amazing surprise for users as a Valentine’s gift! Users can simply sign up for a chance to share up to 99,999 USDT. For details, please refer to the announcement.
New Listing
Three tokens were listed on the FameEX Spot during the period.
PLUME (PLUME): PLUME/USDT was listed in the spot trading zone on Feb 6.
KIATOKEN (KIA): KIA/USDT was listed in the spot trading zone on Feb 8.
DeFi (DEFI): DEFI/USDT was listed in the spot trading zone on Feb 11.
Feature Upgrade
1. FameEX Old Platform Domain Temporarily Disabled. Starting from February 15, 24:00 (UTC), the old domain of FameEX (www.fameex.com) has been temporarily disabled. We kindly remind all users to complete any necessary order cancellations, position closures, and asset withdrawals during the migration period. After the deadline, users will no longer be able to place orders, modify or cancel orders, add or reduce margin, transfer funds, or perform any other trading operations on the old platform. Orders that remain open will be automatically canceled or closed by the system.
Trading Volume
As of Feb 15, FameEX ranking on CoinMarketCap hit 41, with a 24-hour trading volume of $4,491,709,485, an average liquidity of 881, and a weekly average of 738,905 visits. (Data source: CoinMarketCap)
As of Feb 15, the total assets in the FameEX insurance fund stand at 8,939,009.65 USDT. It is updated daily and can be viewed HERE in real-time.
FameEX Official Community
1. X (formerly Twitter): 136K Followers. Link: https://twitter.com/FameexGlobal
2. Telegram (Global): 71,871 Members. Link: https://t.me/fameexgroup
3. Discord: 13,972 Members. Link: https://discord.gg/V8yvKPxVCk
Follow more official channels on:
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!