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FameEX Biweekly | Upgrade Your Android Experience, Discover the Latest V3.3.2 (156) App Now! (Issue 1, December 2023)
2023-12-15 19:50:00
Overview:
Catch up the highlights from December 1 to December 15, 2023. We have optimized the registration process and homepage layout to provide users with a better trading experience. In addition, the popular token ViciCoin (VCNT) has been listed, and detailed project research for ADM (Adamant) has been released to help users access further information on this token. For more details, check out this issue of FameEX Biweekly.
Crypto World News
FameEX Hot Topics | Grayscale Report Explores Bitcoin’s Extensive Ownership and Resilient Supply Dynamics
A recent report by Grayscale Investments challenges the notion of Bitcoin (BTC) ownership being concentrated by revealing that 74% of Bitcoin addresses hold less than $350 worth of BTC. However, roughly 40% of the Bitcoin supply is controlled by institutions like exchanges, miners, governments, public companies, and long-term holders.
Skybridge Capital Founder Scaramucci Anticipates Significant Wall Street Investment Flow into Spot Bitcoin ETFs
Skybridge Capital founder Anthony Scaramucci has forecasted a significant influx of capital from Wall Street into spot Bitcoin exchange-traded funds (ETFs) upon approval by the U.S. Securities and Exchange Commission (SEC). He anticipates that the sales forces of major institutions will be unleashed, potentially resulting in over $100 billion pouring into Bitcoin after the spot Bitcoin ETF approvals.
Crypto-Friendly US Senator Patrick McHenry Opts Out of 2024 Run
Congressman Patrick McHenry of North Carolina, the head of the US House Financial Services Department and an advocate for several laws pertaining to cryptocurrency, is set to retire from the legislature. McHenry said on December 5 that he will not run for reelection to the US House of Commons and that he anticipates leaving the body in January 2025. Upon his resignation, he will be remembered for being a congressman for 20 years, since he took the oath of office in January 2005.
FameEX Hot Topics | Major Asset Managers Prepare to Acquire BTC Ahead of Spot Bitcoin ETF Launches, Moody’s Director Reveals
Amid the recent surge in Bitcoin’s price, Yiannis Giokas, a senior director at Moody’s Analytics, has shed light on the primary catalyst behind this phenomenon. According to Giokas, the imminent approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) is driving the bullish sentiment in the cryptocurrency market. Moody’s Analytics, a subsidiary of Moody’s Corp., specializes in non-rating activities and is closely monitoring these developments.
FameEX Hot Topics | Google Revises Policy to Permit Ads for U.S. Crypto Trusts
Google has made changes to its cryptocurrency-related advertising policy, allowing advertisements for U.S.-based cryptocurrency trusts starting in late January 2024. This adjustment coincides with predictions of the approval of spot Bitcoin exchange-traded funds (ETFs) in the United States during the same month. In a policy change log dated December 6, Google stated that its crypto and related products ad policy will be revised on January 29, 2024, to permit ads from “advertisers offering cryptocurrency coin trusts targeting the United States.” Cryptocurrency coin trusts were cited as examples of “financial products that allow investors to trade shares in trusts holding large pools of digital currency,” likely encompassing ETFs.
Goldman Sachs, the world’s second-largest investment bank, is forecasting that the United States Federal Reserve (Fed) may make two interest rate cuts within the next two years, potentially commencing as early as the third quarter of 2024. The connection between interest rates and investor risk appetite is well-established. Initially, Goldman Sachs projected the inaugural Fed rate cut to occur by December 2024. However, in light of diminishing inflation, their prediction has been adjusted, now placing the first cut in Q3 of 2024, as per a report by Reuters on December 11. The price of Bitcoin fell 7.2% to $40,300 on trading, sparking a discussion among experts. According to the director of the study at the on-chain analysis company CryptoQuant Julio Moreno, the mainstay cryptocurrency is the cost. However, it is getting too hot following its most recent rally beyond the $40,000 symbolic barrier. More information from the on-chain data research company Lookintobitcoin revealed that bulls were becoming weary. The Crosby Ratio, which shows that Bitcoin’s immediate price is at over-extended degrees, indicates that the price of the cryptocurrency has hit its optimal ratio multiplication near-term objective, based on its December 2023 forecast. 1. Trade and Split 30,000 USDT Thanksgiving Event ended successfully. The Thanksgiving event held from November 23 to December 2 has been successfully concluded, with a total of 6,341 users signing up to participate in the event. All rewards will be distributed soon later. For more details, please refer to the winner announcement. 2. Sign Up to Win A 10 $VCNT Airdrop Event. The New Listing ViciCoin (VCNT) Airdrop Event held by the FameEX platform from November 30 to December 2 came to a successful conclusion. A total of 40 lucky users won the $VCNT airdrop reward. For more details, please refer to the winner announcement. One new token was listed on the FameEX platform during the period. ◆ViciCoin (VCNT): VCNT/USDT was listed in the spot trading zone on December 02, 2023. ◆ The FameEX platform ranked 52 on CoinMarketCap on December 15. The 24-hour trading volume was $347,892,573, with an average liquidity of 470 and an average of 508,482 weekly visits. (Data source: CoinMarketCap)FameEX Hot Topics | Potential 2024 Rate Cut by the Fed Could Serve as Ideal Catalyst for Bitcoin Halving
The Decline in Bitcoin Prices Is Ongoing, Yet Research Indicates a Necessary Correction
FameEX Updates
Platform Events
New Listing
Trading Volume
The FameEX platform ranked 81 on CoinGecko on December 15. The 24-hour trading volume was ＄347,146,431 and the monthly visits exceeded 3.1M. (Data source: CoinGecko)
◆ As of December 15, the total assets in the FameEX risk reserve wallet amounted to 4,427,443.20 USDT. The total assets of the risk reserve wallet are updated daily and can be viewed HERE in real time.
Features Upgrades
1. Android V3.3.2 (156) goes live. FameEX officially launched the Android V3.3.2 (156) version on December 3. Details are as follows:
◆ Optimization of the registration process and guidance;
◆ Adjustment of homepage layout;
◆ Optimization of pop-up messages;
◆ Adjustment of navigation tabs;
◆ Improvement of token sort and candlestick display periods.
Project Information
FameEX Research released the latest report: ADM (Adamant).
FameEX Official Community
1. X (formerly Twitter):92.3K Followers. Link: https://twitter.com/FameexGlobal
2. Chinese X:9,737 Followers. Link: https://twitter.com/FameEXzh
3. YouTube:1,650 Subscribers. Link: https://www.youtube.com/c/FAMEEX
4. Telegram (Global): 165,960 Members. Link: https://t.me/fameexgroup
5. Discord:5,687 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!
