FameEX Morning Crypto News Recap | February 20, 2024

A Trader Nets $13 Million in Profit by Selling 10 NFTs Bought Three Years Ago

On February 20th, DL News disclosed that an incognito NFT trader dubbed OldSchoolCollection realized a $13 million gain by offloading 10 early Ethereum NFTs named Autoglyphs, bought for $1.4 million in February 2021 through the OpenSea NFT platform. This sale, three years post-purchase, underscores the remarkable investment yield.

CME "FedWatch" Indicates: 91.5% Likelihood of the Fed Holding Interest Rates Constant in March

According to CME's "FedWatch" data from February 20th, there's a significant chance (91.5%) that the Federal Reserve will maintain interest rates between 5.25% and 5.50% in March. Additionally, there exists a lesser likelihood (8.5%) of a 25 basis point reduction in the rates.

Bloomberg: UK Authority Foresees Introduction of Stablecoin and Equity Tokenization Rules Within Six Months

Bloomberg disclosed on February 20th that the UK is on track to gain legislative support for new rules on stablecoins and crypto asset collateral within the next six months. At a Coinbase-hosted event in London, Bim Afolami, the Economic Secretary to the Treasury, highlighted the government's commitment to fast-track these regulations, affirming their feasibility within the stipulated period.

Bitcoin's Open Contract Interest Nears Historic High

Coinglass reported that on February 19th, the open interest in Bitcoin futures experienced a notable increase to $24.211 billion, with a 24-hour growth of 1.83%. Approaching the record-setting $24.268 billion from mid-April 2021, this development signifies substantial activity and interest in the Bitcoin futures market.

ECB Leaders Tackle Banking Sector's Digital Euro Concerns, Highlight Main Priorities

Lately, the European Central Bank (ECB) has been actively distributing extensive details about the digital euro via brochures, FAQs, and various accessible mediums. This effort has highlighted the banking sector's growing frustration with the overemphasized concerns and tepid welcome that this innovation has received.

Hong Kong's Clear Licensing Guidelines for Exchanges Appeal to Traditional Brokerage Firms

The endorsement of crypto exchanges in Hong Kong has ignited interest among traditional financial institutions and brokerages, driving many to pursue licenses for digital asset trading. Since permitting retail crypto trading in August, the Securities and Futures Commission (SFC) has issued numerous licenses, highlighting the increasing fusion of digital assets within the conventional financial sector.

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