This week saw Bitcoin (BTC) break the $70,000 barrier again as Q1 closed strong, with some analysts predicting a future surge to at least $180,000 in the next bull run. But regulation continues to be a hot topic, with the SEC making headlines and a UK court freezing millions in assets tied to the Craig Wright vs. Satoshi Nakamoto saga.
Beyond those stories, get ready to dive into a packed week: a major figure in crypto sentenced to 25 years, an exchnge platform making a big switch, and legal battles brewing between US authorities and crypto companies. We'll unpack these developments and more, offering insights into the ever-evolving world of cryptocurrency. Let’s get into ‘em!
For transparent and decentralized crypto trading and to list your crypto token for free, don’t forget to visit our website and follow Melega Finance (@melega_swap) on Twitter for more on all things cryptocurrency.
TOP CRYPTO NEWS RECAP (March 24–30, 2024)
●      Sam Bankman-Fried Sentenced to 25 Years for FTX Crimes
●      Coinbase to Shift all USDC Blances to Base Chain
●      US DOJ and CFTC Charge KuCoin for AML Violations and Unlicensed Operation
●      Terra Founder Do Kwon Released Amid Extradition Deliberations
●      SEC Seeks $2 Billion in Fines Against Ripple, Claims Exceed Authority
●      Fidelity Seeks Approval for Innovative Spot ETH ETF with Staking Option
Sam Bankman-Fried Sentenced to 25 Years for FTX Crimes
Former FTX CEO Sam Bankman-Fried has been sentenced to 25 years in prison by Judge Lewis Kaplan for multiple felonies, including perjury and witness tampering, related to the collapse of cryptocurrency exchange FTX. This sentence comes with an $11-billion forfeiture judgment to ensure any future earnings by Bankman-Fried benefit the government and victims, not him. 
 
While Bankman-Fried's legal team plans to appeal, the sentence addresses the massive losses incurred by investors, lenders, and customers, totaling $11 billion. The ruling also emphasizes the gravity of Bankman-Fried's crimes and rejects any reduction based on potential full repayment to FTX customers, highlighting the permanent impact on victims and the crypto industry.
Coinbase to Shift all USDC Blances to Base Chain
Coinbase is transferring both customer and corporate USD Coin (USDC) balances to Base, its own Ethereum layer-2 solution, aiming to improve fund management with lower fees and faster settlements. This move, distinct from the Coinbase Wallet, marks a significant step towards an on-chain financial system and sets a precedent for future cryptocurrency exchange and banking operations. Despite some centralization concerns, Coinbase plans for gradual decentralization of Base, reinforcing its commitment to blockchain integration and financial innovation.
US DOJ and CFTC Charge KuCoin for AML Violations and Unlicensed Operation
The US Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) charged cryptocurrency exchange KuCoin and its founders, Chun Gan and Ke Tang, with operating an unlicensed money transmitting business and failing to uphold Anti-Money Laundering (AML) protocols. The DOJ's indictment reveals KuCoin's deliberate concealment of its significant US customer base, utilizing it to become a major global exchange without adhering to necessary AML safeguards. Founders Gan and Tang are currently at large.
Terra Founder Do Kwon Released Amid Extradition Deliberations
Do Kwon, the South Korean founder of Terraform Labs, was released from prison in Montenegro as the Supreme Court reviews extradition requests from the United States and South Korea. Kwon faces fraud allegations linked to Terra's $60 billion market collapse in 2022. His release followed the expiration of his detention for using fake travel documents, with the Supreme Court pausing a lower court's extradition ruling to South Korea, where penalties may be milder compared to the U.S.
SEC Seeks $2 Billion in Fines Against Ripple, Claims Exceed Authority
Ripple's Chief Legal Officer, Stuart Alderoty, revealed that the SEC has requested a federal judge to impose $2 billion in fines and penalties against Ripple amid an ongoing legal battle initiated in 2020. The request, part of a sealed filing, comes despite a recent ruling favoring Ripple by defining XRP as not as a security in certain sales. Ripple criticizes the SEC's aggressive stance and plans to respond in April, challenging the unprecedented penalty size.
Fidelity Seeks Approval for Innovative Spot ETH ETF with Staking Option
Fidelity has submitted an S-1 application to the U.S. SEC for a groundbreaking spot Ether (ETH) exchange-traded fund (ETF) that includes a staking feature. This ETF, aimed to trade on the Cboe BZX Exchange, introduces potential staking rewards for investors, presenting new risks such as taxable events and slashing penalties. The move signals Fidelity's push into cryptocurrency investment products, despite regulatory uncertainties and potential risks from Ethereum's blockchain dynamics.
NEWS FROM MELEGA ECOSYSTEM
Meme Soccer (MSOC) Forms a Strategic Partnership With MelegaSwap 
MEME SOCCER merges the worlds of cryptocurrency and gaming, offering players a revolutionary platform where gaming skills translate into real-world rewards. With MEME SOCCER, players immerse themselves in a vibrant universe where they can customize their characters, engage in thrilling matches, and compete in tournaments. The play-to- earn model allows gamers to monetize their talents, earning valuable in-game rewards that can be converted to cryptocurrencies.
MelegaSwap Trends at #6 on DexStein on March 30
We're cooking something special for MelegaSwap and MELEGA hodlers. There are upcoming big news, new chains, new partnerships, and more. Our main aim is to strengthen our ecosystem and make the project bigger. 2022 marked the concept. 2023 marked the beginning. 2024 will mark the achievement of new heights. Stay with us.
•••
Risk warning: Cryptocurrency investment or trading is subject to high market risk. Hence, you might lose your money in the process. Please do adequate research and plan your investments cautiously. We at MelegaSwap will always make the best efforts to list high-quality and potential coins, but we will not be responsible for your losses.

Bitcoin (BTC) tumbles in a pre-halving correction, but whales like Michael Saylor see an opportunity. His company, MicroStrategy, just gobbled up another $600 million worth, adding to their already massive Bitcoin stash. 
This aggressive move mirrors a bullish undercurrent—qualified institutional buyers are chomping at the bit, as evidenced by MicroStrategy's convertible note offering. But that's not all! 
This week's crypto news is packed with game-changing developments, from the SEC grappling with Ether ETFs to the EU cracking down on anonymous transactions. Follow along as we unpack the latest events shaping the future of crypto.
For transparent and decentralized crypto trading and to list your crypto token for free, don’t forget to visit our website and follow Melega Finance (@melegachannel) on Telegram for more on all things cryptocurrency.
TOP CRYPTO NEWS RECAP (March 17–23, 2024)
●      Genesis Settles SEC Case with $21M Penalty
●      EU Moves to Ban Anonymous Crypto Transactions in AML Clampdown
●      SEC Delays Decision on Ether ETFs Amid Waning Approval Prospects
●      SEC Investigates Efforts to Label Ether as Security
●      Judge Advances Class-Action Lawsuit Against Silvergate Bank Over FTX Fraud Allegations
●      BlackRock Ventures into Tokenization with New Digital Fund
Genesis Settles SEC Case with $21M Penalty
Genesis Global Capital agrees to pay a $21 million civil penalty, settling charges over the Gemini Earn lending program. The SEC accused Genesis and Gemini of unregistered securities offerings, emphasizing the necessity for compliance with securities laws. The settlement, subject to bankruptcy proceedings, follows Gemini's $37 million penalty for compliance failures, aiming to return over $1.8 billion in cryptocurrency assets to users.
EU Moves to Ban Anonymous Crypto Transactions in AML Clampdown
The European Parliament's committees have endorsed new Anti-Money Laundering regulations that include a ban on anonymous cryptocurrency transactions through hosted wallets. This decision, part of broader efforts to tackle money laundering and terrorist financing, mandates the identification of parties in all crypto transactions, regardless of their value. Critics, including Patrick Breyer of the Pirate Party, argue this undermines financial privacy and economic independence, fearing it could limit the fundamental principles of cryptocurrency and its use within the EU.
SEC Delays Decision on Ether ETFs Amid Waning Approval Prospects
The SEC postpones verdicts on Hashdex and ARK 21Shares Ether ETFs, signaling dwindling hopes for approval. Analysts grow pessimistic, with odds dropping to 32%. Grayscale is considering adding staking to its ETF proposal, aiming to mitigate inflationary pressures. With Ethereum's price volatility, public sentiment declines, contrasting with the reverse scenario observed during Bitcoin's ETF race.
SEC Investigates Efforts to Label Ether as Security
The U.S. Securities and Exchange Commission (SEC) has reportedly issued subpoenas to U.S. companies involved in efforts to classify Ether as a security. This investigation follows the Ethereum Foundation's suggestion of being under state scrutiny, potentially leading to regulatory classification of Ether. While the SEC has approved Ether futures-based ETFs, it's yet to decide on spot ETH ETFs. The move signals growing regulatory scrutiny over cryptocurrency classifications, sparking concerns and calls for regulatory clarity.
Judge Advances Class-Action Lawsuit Against Silvergate Bank Over FTX Fraud Allegations
A federal judge in San Diego has ruled that Silvergate Bank must face a class-action lawsuit for allegedly aiding fraud at cryptocurrency exchange FTX and Alameda Research. The court dismissed Silvergate's bid to dismiss the lawsuit, finding sufficient allegations that the bank was complicit in FTX's fraud, enriching itself at the expense of FTX customers. Despite Silvergate's denials, the lawsuit claims the bank processed and accepted transfers that facilitated the misuse of customer funds, significantly boosting its income. This ruling comes after Silvergate's collapse in March 2023, following the downfall of FTX in November 2022.
BlackRock Ventures into Tokenization with New Digital Fund
BlackRock, the globe's leading asset manager, has initiated its journey into asset tokenization by filing for the BlackRock USD Institutional Digital Liquidity Fund with the SEC. This innovative move, marking the company's entry into tokenized asset funds, aims to revolutionize financial asset management with benefits such as instant settlement and enhanced security. 
 
With a $100,000 minimum investment, the fund will leverage the Ethereum blockchain for its operations, highlighting BlackRock's commitment to integrating blockchain technology into traditional finance.
NEWS FROM MELEGA ECOSYSTEM
XEX (XEX) Farm & Pool Listed on MelegaSwap
The XEX token is the native crypto asset of the XEX Exchange, now available on Melegaswap AMM, a renowned decentralized crypto exchange. XEX is designed to provide users with a seamless and intuitive trading experience, making it an ideal choice for both novice and seasoned traders. To celebrate the listing, users will receive a substantial 100% deposit bonus when depositing funds into the exchange. This exciting development follows the successful fair launch of the XEX token on GemPad.
Exciting News: Melega Announces MARCO Tokens Giveaway
We have launched a giveaway where 1,000 $MARCO tokens, our flagship cryptocurrency, will be distributed to 10 lucky winners. Participants can enter by completing simple social tasks such as following us on Twitter and retweeting our posts. Each winner will receive 100 MARCO tokens. Don't miss out on this opportunity to get your hands on our valuable cryptocurrency asset! Learn more: https://taskon.xyz/campaign/detail/40055
•••
Risk warning: Cryptocurrency investment or trading is subject to high market risk. Hence, you might lose your money in the process. Please do adequate research and plan your investments cautiously. We at MelegaSwap will always make the best efforts to list high-quality and potential coins, but we will not be responsible for your losses.
#MelegaSwap #melega #BNBChain #BTC🔥🔥🔥🔥 #Ethereum✅

Welcome to our weekly crypto news recap. This week, Bitcoin hit a record of $73,750 but faces a 5% drop amid concerns of overheating. Despite this, $BTC maintains momentum, with over 2,100 whales indicating confidence in the uptrend as they hold their holdings tight. The rally further uplifts sentiment in the Decentralized Finance (DeFi) domain, with TVL surpassing $100 billion.
However, a recent correction saw Bitcoin's price drop 4.6% in weekly charts, triggering a 4.2% dip in the global crypto market cap. Ether and other top tokens follow suit, with significant losses.
This week saw a mix of major developments, including legal battles, regulatory challenges, and exciting upgrades. Read more as we delve into the latest insights driving the crypto market forward.
For transparent and decentralized crypto trading and to list your crypto token for free, don’t forget to visit our website and follow Melega Finance (@melega_swap) on Twitter for more on all things cryptocurrency.
TOP CRYPTO NEWS RECAP (March 10–16, 2024)
●      Former FTX CEO Faces 40–50 Years in Prison: Prosecutors Urge Severe Sentence
●      Senators Push SEC's Gensler Against Further Crypto ETF Approvals
●      Court Rejects Craig Wright's Claim to Bitcoin Creator Status
●      PancakeSwap Unveils Version 4 with Custom Pools and Gas Cost Reduction
●      Elon Musk Hints at Dogecoin Adoption for Tesla Payments
●      Ethereum Dencun Upgrade Goes Live on Ethereum Mainnet
Former FTX CEO Faces 40–50 Years in Prison: Prosecutors Urge Severe Sentence
Prosecutors are pushing for a 40–50-year sentence for Sam Bankman-Fried, former CEO of bankrupt cryptocurrency exchange FTX, convicted of fraud. The government's 116-page memo outlines Bankman-Fried's illegal activities, including political contributions, bribery attempts, banking misconduct, and obstruction of justice.
Despite not being charged for some offenses, prosecutors likened him to Bernie Madoff and emphasized the severity of his crimes, advocating for a $11 billion judgment.
Senators Push SEC's Gensler Against Further Crypto ETF Approvals
Democratic senators Jack Reed and Laphonza Butler urge SEC Chair Gary Gensler to halt approvals for crypto exchange-traded funds (ETFs), citing the risks of fraud and manipulation.  
They emphasize concerns over thinly traded markets, advocating for tighter oversight, especially for altcoins. With mounting political pressure on Gensler, the approval prospects for an Ether ETF in May appear dim, affecting market sentiments and regulatory dynamics in the crypto space.
Court Rejects Craig Wright's Claim to Bitcoin Creator Status
In a landmark ruling on March 14, 2024, Judge James Mellor dismissed  Craig Wright's decade-old claim of being Satoshi Nakamoto, the pseudonymous creator of Bitcoin. The Crypto Open Patent Alliance (COPA) lawsuit accused Wright of extensive document forgery to support his assertion. 
COPA sought injunctive relief to prevent Wright from further asserting his identity as Nakamoto, aiming to safeguard Bitcoin's core intellectual property. The ruling signifies a victory for Bitcoin's decentralized ethos and reinforces the cryptocurrency's community-driven development. It also warns against fraudulent claims that could undermine the industry's integrity, paving the way for its continued innovation and adoption.
PancakeSwap Unveils Version 4 with Custom Pools and Gas Cost Reduction
PancakeSwap, the third-largest decentralized exchange, unveiled its version four (V4) codebase, featuring customizable liquidity pools and flash accounting. The upgrade aims to reduce gas costs for users and prevent impermanent losses for liquidity providers. 
Additionally, PancakeSwap announced a development fund to support further protocol enhancements. The release is scheduled for the third quarter of 2024, integrating "hooks" for additional features and supporting liquidity book pools to eliminate impermanent losses.
Elon Musk Hints at Dogecoin Adoption for Tesla Payments
Elon Musk has suggested that Tesla might accept Dogecoin (DOGE) as an official payment method for its cars, following requests from employees and visitors at Tesla and SpaceX facilities. 
Musk's positive response during an interaction at the Berlin Gigafactory sparked enthusiasm among investors, leading to a surge in Dogecoin's market price. This move aligns with Musk's previous endorsements of Dogecoin and his desire to support a cryptocurrency the general public favors.
Ethereum Dencun Upgrade Goes Live on Ethereum Mainnet
The much-anticipated Ethereum Dencun upgrade went live on March 13th, 2024. Launched on Ethereum's mainnet, Dencun aims to reduce layer-2 transaction fees and enhance scalability. However, Arthur Breitman of Tezos notes that while it's a step forward, Ethereum's rollups still face throughput constraints and centralization issues. 
Featuring nine Ethereum Improvement Proposals, including proto-dank sharding, the upgrade focuses on data management and consensus layers. Despite high gas fees on the mainnet, users may need to accept trade-offs for fee reductions via layer-2 solutions.
NEWS FROM MELEGA ECOSYSTEM
4DCoin (4DC) Farm & Pool Listed on MelegaSwap
The 4D Coin is more than a cryptocurrency. It's a bridge between realities, a universe where imagination meets technology. The platform was created with the vision of uniting existing realities with a digitally enriched world, allowing users to explore, create, and interact in a new spectrum of experiences.
#MEMEMINT Becomes Featured Project of the Week on MelegaSwap
MEMEMINT is a project that emerged from the collective passion of early adopters who saw the potential of combining the internet’s meme culture with blockchain technology. This innovative cryptocurrency project is more than just a financial investment; it is a celebration of the limitless world of memes and the power of decentralized networks.
Strategic Partnership: XEX (XEX) Fair Launch Coming Soon on Gempad
MelegaSwap has forged a partnership with XEX Exchange for its upcoming fair launch scheduled for March 20th on the Gempad platform. This collaboration will enable users to effortlessly earn crypto through XEX Exchange's various offerings, including fair launch bonuses, referral programs, deposit bonuses, and participation in events hosted on TaskOn or QuestN. Additionally, Farm and Pool services will be accessible on MelegaSwap from the launch day, providing users with even more earning opportunities.
•••
Risk warning: Cryptocurrency investment or trading is subject to high market risk. Hence, you might lose your money in the process. Please do adequate research and plan your investments cautiously. We at MelegaSwap will always make the best efforts to list high-quality and potential coins, but we will not be responsible for your losses.
#XEX #MelegaSwap #melega #Ethereum(ETH) #sbf

The world of cryptocurrency has seen significant growth in recent years, with new meme-driven tokens popping up every day. Identifying the most promising token amidst this plethora of options can be a daunting task for investors seeking sustainable returns. 
While established meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) hold a prominent position in the cryptocurrency landscape, a relatively new project has garnered attention for its audacious approach, artistic ingenuity, and community-centric philosophy: MEMEMINT. 
Introduced in October 2023, MEMEMINT is a Binance Smart Chain-based project that transcends the conventional boundaries of cryptocurrency, representing a movement that intersects memes, blockchain technology, and the freedom of creative expression.
What to Know About the MEMEMINT Project
MEMEMINT is a project that emerged from the collective passion of early adopters who saw the potential of combining the internet’s meme culture with blockchain technology. This innovative cryptocurrency project is more than just a financial investment; it is a celebration of the limitless world of memes and the power of decentralized networks.
The project has been audited by CertiK—the world’s leading blockchain security firm—so investors can rest assured that everything is transparent. MEMEMINT has also achieved significant milestones since its inception, including a successful launch, an expanding community, and strategic partnerships with like-minded industry-leading projects, among others. This demonstrates the project’s commitment to security and transparency, which has earned it the trust of its growing user base.
Furthermore, transparency, creativity, and community engagement are pivotal aspects of MEMEMINT. The project is characterized by an open and inclusive community, actively seeking feedback from users and involving them in shaping its future trajectory. MEMEMINT firmly believes that the community is its lifeblood, and the project is consistently impressed by the creativity and enthusiasm demonstrated by its users. Collectively, it is fostering an ecosystem that recognizes and rewards the dedication and talent of meme creators and supporters.
It should also be noted that MEMEMINT's trajectory became exciting after it established a strategic collaboration with multiple DeFi projects, including MelegaSwap, a well-established and highly transparent DeFi ecosystem. MelegaSwap, renowned for its cutting-edge decentralized exchange (DEX) and yield farming solutions, acknowledged the promising synergy between the two entities. This partnership aims to cultivate a dynamic environment where memes and DeFi converge seamlessly.
Recently, the collaboration between MelegaSwap and MEMEMINT has resulted in increased staking rewards. In a recent community announcement, it was highlighted that stakers now have the opportunity to earn enhanced rewards while enjoying their favorite memes. This partnership proves beneficial for both the community and the project, creating a mutually advantageous situation. As this trend continues, MEMEMINT holders are positioned at the forefront of a new era in meme-based finance.
The Melega Finance ecosystem and the MEMEMINT project share a common vision that extends beyond immediate gains. Their enduring partnership signifies a dedication to long-term development rather than a temporary alliance. Both projects recognize that sustainable success hinges on collaboration, innovation, and a touch of humor. Together, they are forging connections between meme culture and the adoption of blockchain technology.
What Next?
MEMEMINT is a movement driven by humor, creativity, and a hint of irreverence. As the meme industry develops, this project is at the forefront, bridging the gap between internet culture and decentralized finance. Behind every meme is a world of possibilities, and MEMEMINT is leading the way. 
The good news is that anyone, including you, can join this exciting journey, which promises to offer financial gains, uncontrollable laughter, and engagement with like-minded community members. Join their community today to learn more about MEMEMINT and the revolutionary solutions it provides.
 
Website: https://www.mememintcoin.com/
X: https://x.com/MemeMintCoin
Telegram: https://t.me/mememint_portal
•••
Risk warning: Cryptocurrency investment or trading is subject to high market risk. Hence, you might lose your money in the process. Please do adequate research and plan your investments cautiously. We at MelegaSwap will always make the best efforts to list high-quality and potential coins, but we will not be responsible for your losses.
#MEMEMINT #DOGE🔥🔥 #SHIBA🔥 #PEPE‏ #MelegaSwap

Welcome to our weekly news recap, where we bring you the latest updates from the world of crypto finance. This week, the spotlight shines brightly on Bitcoin as its price hits the remarkable milestone of $70,000. But what's more intriguing is the analysis that suggests this price is "fairly priced" considering the energy expended in its mining process.  
Notably, the government of El Salvador has not ceased to hold Bitcoin (BTC) as part of its national reserves. With the value of El Salvador's Bitcoin holdings now surpassing $150 million, it's evident that the country's bold decision to embrace BTC as legal tender in 2022 has yielded substantial returns. 
In fact, the latest data from BitcoinTreasuries indicates that El Salvador's BTC holdings have seen a staggering $50 million increase against their initial cost basis.
Follow along as we unravel the latest insights shaping the future of the digital currency space.
For transparent and decentralized crypto trading and to list your crypto token for free, don’t forget to visit our website and follow Melega Finance (@melegadex) on Twitter for more on all things cryptocurrency.
TOP CRYPTO NEWS RECAP (March 03–09, 2024)
●      Bitcoin (BTC) Hits Record Highs, Surpassing $70,000 Amidst ETF Inflows
●      BlackRock Plans Spot Bitcoin ETF Investments for Global Allocation Fund
●      Coinbase Challenges SEC's Classification of Secondary Crypto Sales
●      SEC Postpones Decision on Bitcoin ETF Options Trading, Potentially Opening Doors for Institutional Investment
●      FTX and BlockFi Reach $874M Settlement, Potentially Averting Full Recovery for BlockFi’s Customers
●      Court Overrules Extradition of Terraform Labs Co-founder, Do Kwon
Bitcoin (BTC) Hits Record Highs, Surpassing $70,000 Amidst ETF Inflows
Bitcoin soared to record highs above $70,000 on March 8, supported by inflows from new US Bitcoin ETFs, marking a 10% rally for the week. The boost was further propelled by better-than-expected US unemployment figures, signaling potential interest rate cuts. 
The surge in Bitcoin led to a risk-assets revival, with the dollar weakening. Concurrently, the DeFi market surpassed $100 billion in total value locked, reflecting renewed positive sentiment. Bitcoin's momentum also ignited a surge in Ethereum (also hitting $4,000), memecoin, and AI-related prices. This surge placed Dogecoin and SHIB among the top tokens by market cap, highlighting the broader crypto market's exuberance.
FTX and BlockFi Reach $874M Settlement, Potentially Averting Full Recovery for BlockFi’s Customers
In an "in principle" agreement, FTX will pay $874.5 million to resolve disputes with bankrupt crypto firm BlockFi. The settlement includes dropping claims against BlockFi and waiving counterclaims. 
$250 million is prioritized as a secured claim, with the rest subject to FTX's creditor repayments. BlockFi's bankruptcy administrators lauded the outcome, foreseeing enhanced customer distributions. The agreement follows BlockFi's Chapter 11 filing amid fallout from FTX's collapse.
BlackRock Plans Spot Bitcoin ETF Investments for Global Allocation Fund
BlackRock, a major asset manager, intends to purchase spot Bitcoin ETFs for its Global Allocation Fund (MALOX), as per a recent SEC filing update. MALOX may invest in BlackRock's iShares Bitcoin Trust (IBIT) and other spot Bitcoin ETFs listed on national securities exchanges. 
This move follows BlackRock's interest in spot Ethereum ETFs, with a filing for an Ethereum Trust submitted in 2023. Analysts debate the likelihood of SEC approval for spot ETH ETFs in 2024, reminiscent of Bitcoin's lengthy regulatory process.
Coinbase Challenges SEC's Classification of Secondary Crypto Sales
Coinbase's lawyers petitioned U.S. District Judge Katherine Failla to disregard a previous judgment that classified secondary crypto sales as "securities transactions." They argue the issue wasn't properly examined. 
The dispute stems from the SEC's lawsuit against Ishan Wahi and others for insider trading. Despite a settlement, Coinbase contests the SEC's stance. The move is part of Coinbase's broader challenge to the SEC's jurisdiction over crypto exchanges.
SEC Postpones Decision on Bitcoin ETF Options Trading, Potentially Opening Doors for Institutional Investment
The SEC has delayed its decision on allowing options trading for Bitcoin ETFs, extending the deadline to April 24. This move could pave the way for increased institutional capital in Bitcoin (BTC). Options offer traders leverage, enabling directional bets on the market.
Analysts anticipate hedge fund participation once Bitcoin ETF options markets are live, potentially influencing the cryptocurrency ecosystem's dynamics. The SEC is also reviewing seven spot Ether ETFs, with expectations for a decision by May 23.
Court Overrules Extradition of Terraform Labs Co-founder, DO Kwon
Montenegro's Appellate Court has nullified the decision to extradite Do Kwon, co-founder of Terraform Labs, to the U.S. The court cited "significant violations" in the extradition process. 
Kwon faces charges related to an alleged $40 billion fraud scheme linked to Terraform Labs. This marks another turn in the prolonged extradition saga, with Kwon's fate oscillating between the U.S. and South Korea, sparking debates over his native country preference.
NEWS FROM MELEGA ECOSYSTEM
Melega Finance Launches the $MARCO Big Buy Competition
The Melega team is calling all crypto enthusiasts and traders to join the latest competition for a chance to win big cash prizes totaling $1000, with $500 for 1st place, $300 for 2nd, and $200 for 3rd. The event concludes on March 18 at 08:00 AM UTC, and prizes will be distributed within 24 hours. Don't miss out on this opportunity to earn while trading! Here’s how to enter: https://t.me/melegachannel/450
$MEMEMINT Tokens Boosted for Liquidity Providers
$MEMEMINT experiences a significant boost as the team increases token allocation for loyal Liquidity Providers, urging participation. Join now on MelegaSwap to farm and pool, where users can stake $BNB-$MEMEMINT LP Tokens and earn $MARCO, as well as stake $MARCO to earn $MEMEMINT. Explore opportunities at https://melega.finance
•••
Risk warning: Cryptocurrency investment or trading is subject to high market risk. Hence, you might lose your money in the process. Please do adequate research and plan your investments cautiously. We at MelegaSwap will always make the best efforts to list high-quality and potential coins, but we will not be responsible for your losses.

Bitcoin ($BTC ) surged past $60,000, marking a significant milestone after over two years. This rise, fueled by a 20% increase this week, brought Bitcoin to over $63,000. The cryptocurrency's bullish momentum follows the spot Bitcoin ETFs breaking a record with $2.4 billion in daily trading volume on Feb. 26. 
With Bitcoin's price performance linked to the upcoming halving event, experts speculate on a potential "pre-halving retracement." Additionally, memecoins like Dogecoin saw a remarkable 60% surge this week, driven by market trends and whale accumulation, hinting at further gains in March. 
Let’s delve in for more insights in our weekly recap.
For transparent and decentralized crypto trading and to list your crypto token for free, don’t forget to visit our website and follow Melega Finance (@melegadex) on Twitter for more on all things cryptocurrency.
TOP CRYPTO NEWS RECAP (FEBRUARY 25–March 02, 2024)
●      SEC Granted Extension in Ripple Case by Judge Torres
●      FTX Founder SBF Requests 6.5-Year Sentence, Reportedly Advises Prison Guards to Invest in Solana
●      Nigerian Central Banker Throws Shade at Binance, Execs Reportedly in Hot Water
●      Shido Token Plummets 94% in 30 Minutes Due to Epic Exploit Drama
●      Cryptocurrency Exchange BitForex Halts Withdrawals Amidst $56 Million Outflow
●      Do Kwon's Extradition Drama: Delayed Departure to the U.S.
SEC Granted Extension in Ripple Case by Judge Torres
Judge Analisa Torres has approved the SEC's request for an extension in the Ripple case, allowing the regulator to submit its remedies-related discovery documents by March 22. The SEC accused Ripple Labs, CEO Brad Garlinghouse, and co-founder Chris Larsen of conducting a $1.3 billion unregistered securities offering through XRP token sales.
In a significant ruling in July 2023, Judge Torres determined that XRP was not a security in some contexts but considered it a security when sold to institutional investors. The case has been marked by legal battles over XRP's classification and compliance with regulatory requirements.
FTX Founder SBF Requests 6.5-Year Sentence, Reportedly Advises Prison Guards to Invest in Solana
Former FTX exchange CEO Samuel Bankman-Fried (SBF) is facing potential prison time of up to 110 years after being found guilty of fraud and money laundering. His legal team is pushing for a more reasonable 6.5-year sentence, arguing against the proposed 100-year term as "barbaric." 
While awaiting sentencing, SBF has been sharing investment tips in prison, notably suggesting that guards invest in Solana (SOL), a cryptocurrency he has a history with. Despite his legal troubles, SBF seems to maintain his crypto investment enthusiasm by turning his prison stay into a crypto investment seminar.
Nigerian Central Banker Throws Shade at Binance, Execs Reportedly in Hot Water
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has thrown shade at the Binance cryptocurrency exchange, claiming the platform facilitated mysterious fund movements totaling $26 billion through Nigeria in 2023. The CBN and other agencies are raising eyebrows at crypto exchanges, with reports surfacing of two Binance executives being nabbed in Abuja.
This crackdown comes after crypto exchanges allegedly tampered with Nigeria's currency, leading to internet restrictions and a plummeting naira value. Amidst the chaos, Binance withdrew the naira from its P2P service, signaling a stormy ride for the exchange in Nigeria's regulatory landscape.
Shido Token Plummets 94% in 30 Minutes Due to Epic Exploit Drama
Shido, a token on the layer-1 blockchain, experienced a rollercoaster ride when an exploit caused its value to plummet by a staggering 94% in just half an hour. The daring exploit saw an attacker make off with a whopping 4.3 billion Shido tokens, worth a cool $35 million. 
As the drama unfolded, PeckShield uncovered a trail leading from Layerswap to Arbitrum, revealing a tangled web of crypto transfers. Amid the chaos, the Shido team scrambled to secure their platform, offering a bounty to the hacker and pledging to return assets to affected users. 
However, Shido claims to be currently airdropping all holders of SHIDO with a new token, ensuring that all users receive their tokens directly into their DeFi wallets. This ongoing process will continue until every holder has been compensated.
Cryptocurrency Exchange BitForex Halts Withdrawals Amidst $56 Million Outflow
Hong Kong-based crypto exchange BitForex has suspended withdrawals for at least five days, following a significant outflow of around $56 million in cryptocurrencies from its wallets. Users have reported various issues with their accounts, such as being unable to access them or view their assets on the dashboard. 
This development comes after BitForex faced scrutiny in April 2023 from Japan's Financial Services Agency for violating fund settlement laws. The exchange's CEO departure was announced in January, and concerns have been raised about its operational status and regulatory compliance following these recent events.
Do Kwon's Extradition Drama: Delayed Departure to the U.S.
Terraform Labs co-founder Do Kwon faces extradition woes as his lawyers predict he won't be jetting off to the U.S. before March ends. The Montenegrin High Court's ruling to send him across the pond was based on what his legal team calls "erroneous information." 
Kwon's unexpected extended stay in Montenegro since March 2023 has left his attendance at the trial against the SEC in doubt. With legal paperwork snafus and a mix-up about extradition orders, it seems Kwon's travel itinerary is up in the air, much to the amusement of spectators.
NEWS FROM MELEGA ECOSYSTEM
Grok Laboratory (GrokLabs) Farm & Pool Listed on MelegaSwap
GrokLabs is a pioneering cryptocurrency inspired by the iconic meme sensation, Grokinu. This extraordinary blend captures the spirit of humor, online culture, and excellence in one unique coin.
Embrace the fusion of GrokLab's playful charm and Grokinu's Fiery heart. Join the GrokLabs revolution and embark on a journey that blends humor, Money generating, and financial empowerment into one extraordinary coin.
Rao Cash (RAO) Farm & Pool Listed on MelegaSwap
Rao Cash is the world's first smart hyperdeflationary decentralized digital cryptocurrency with a sustainable and innovative ecosystem, for financial freedom and independence. It will allow you to make instant payments and transfers anywhere in the world in seconds, with a focus on security, stability and innovation. With it, you can start maximizing all your investments in the safest way possible, which will eventually become even more scarce around the world, thanks to their automatic burning of 1% of every transaction.
•••
Risk warning: Cryptocurrency investment or trading is subject to high market risk. Hence, you might lose your money in the process. Please do adequate research and plan your investments cautiously. We at MelegaSwap will always make the best efforts to list high-quality and potential coins, but we will not be responsible for your losses.

#MelegaSwap #melega #BNBChain #RippleVsSEC #DoKwon

The cryptocurrency market has maintained its bullish momentum this week, as Bitcoin's market capitalization remained above $1 trillion. Bitcoin (BTC) reached a new high for 2024, hitting $53,019 on Feb. 20, only to dip to $50,000 on some exchanges shortly after. Traders attribute this price fluctuation to ongoing inflows into spot BTC ETFs and the anticipation surrounding the upcoming supply halving event.
Aside from the Bitcoin surge, the crypto space is buzzing with exciting news. Stellar successfully overcame bug challenges to introduce Smart Contracts, Circle made a significant move by pausing USDC minting on the Tron Network due to trust concerns, former US President Donald Trump has shown a newfound support for Bitcoin, and there are reports of prosecutors seeking travel restrictions for the former CEO of Binance ahead of sentencing, among other noteworthy events.
Join us as we delve into these developments in our latest weekly recap.
For transparent and decentralized crypto trading and to list your crypto token for free, don’t forget to visit our website and follow Melega Finance (@melegadex) on Twitter for more on all things cryptocurrency.
TOP CRYPTO NEWS RECAP (FEBRUARY 18–24, 2024)
●      Stellar Overcomes Bug Hurdles to Launch Smart Contracts
●      Circle Halts USDC Minting on Tron Network, Citing Trust Concerns
●      Binance Exchange Ceases Support for Leveraged Tokens, Urges User Action
●      Donald Trump's Shifting Stance: Former US President Embraces Bitcoin
●      Former FTX Exec Ryan Salame Faces Sentencing for Fraud Involvement
●      Prosecutors Seek Travel Restrictions for Former Binance CEO Ahead of Sentencing
Stellar Overcomes Bug Hurdles to Launch Smart Contracts
The Stellar Development Foundation (SDF) has successfully deployed smart contracts on the Stellar network after resolving a 16-month-long delay. With the introduction of Protocol 20 upgrade, the foundation initiates the phased rollout of its smart contract platform, Soroban. 
This launch marks a significant milestone for Stellar, enabling the development of decentralized applications (DApps) and novel protocols on the network. Despite earlier setbacks due to a bug in Stellar Core, the foundation's persistent efforts have culminated in the realization of smart contract functionality, promising a new era for Stellar's technology stack.
Circle Halts USDC Minting on Tron Network, Citing Trust Concerns
Circle, the issuer of USD Coin (USDC), abruptly announced the cessation of USDC minting on the Tron network, emphasizing the move to safeguard trust in the stablecoin. Effective immediately, Circle will no longer support USDC minting on Tron, gradually phasing out network support. 
Despite continuing support for Circle Mint business customers’ transfers until February 2025, retail users and non-Circle customers are urged to transition their Tron-based USDC to compatible blockchain networks. Circle did not disclose specific reasons but cited ongoing risk assessments for blockchain suitability.
Binance Exchange Ceases Support for Leveraged Tokens, Urges User Action
Binance, a major crypto exchange, announced the discontinuation of leveraged tokens tied to Bitcoin, Ether, and BNB, effective April 3. The move follows a decision to end support for tokens paired with Tether on Feb. 19. 
Trading and subscription services for affected tokens will halt on Feb. 28, with gradual delisting and redemption suspensions from April 1 to 3. Users failing to redeem tokens by the deadline risk automatic conversion to USDT. The world’s leading exchange highlighted the risks of leveraged token trading, emphasizing price volatility and funding rates.
Donald Trump's Shifting Stance: Former US President Embraces Bitcoin
Former US President Donald Trump has reversed his stance on Bitcoin ($BTC), now expressing acceptance of the cryptocurrency's prominence. Previously labeling Bitcoin a scam during his presidency, Trump now acknowledges its growing popularity. While emphasizing his preference for the US dollar, Trump concedes to Bitcoin's increasing adoption, stating, "I can live with it one way or the other." 
Analysts speculate that Donald Trump's newfound support for Bitcoin aligns with his political ambitions, potentially aiming to court favor with the crypto community ahead of the 2024 presidential election.
Former FTX Exec Ryan Salame Faces Sentencing for Fraud Involvement
Ryan Salame, former FTX Digital Markets co-CEO, awaits sentencing on May 1 in connection to FTX fraud. He admitted guilt to unlawful political contributions and conspiracy charges. Salame, not testifying in Sam Bankman-Fried’s trial, faces potential imprisonment but may receive probation. 
His plea deal involves hefty penalties and asset forfeiture, including $6 million to the government, $5 million to FTX debtors, and property surrender. Despite guilty pleas from others, Salame stands as the sole non-testifying party. His sentencing highlights ongoing repercussions from the FTX collapse.
Prosecutors Seek Travel Restrictions for Former Binance CEO Ahead of Sentencing
The U.S. Attorney’s Office has requested stricter travel restrictions for former Binance CEO Changpeng Zhao, asking him to surrender his Canadian passport and all other travel documents. This move comes ahead of his sentencing hearing on April 30, following his guilty plea to failing to maintain an effective Anti-Money laundering program. 
Despite objections from Zhao's legal team, the government aims to limit his travel to the continental U.S. until his sentencing. The request follows Zhao's resignation amidst a $4.3 billion settlement with U.S. authorities, with the Binance exchange still facing a civil case with the American SEC.
NEWS FROM MELEGA ECOSYSTEM
Tor Wallet (Tor) Farm & Pool Listed on MelegaSwap
Tor Wallet is the first EVM-compatible privacy-focused wallet with built-in TOR. Earn points on every transaction you make. This innovative wallet stands out due to its innovative features, making it both unique and highly functional in its capabilities.
loveplaysex (love69) Farm & Pool Listed on MelegaSwap
Love69 is a cryptocurrency designed to offer an alternative means of payment for services, erotic products, and sex-related digital media. Based on the Binance Smart Chain (BSC) platform, Love69 seeks to meet a growing demand in the erotic sector by providing a secure and private solution for sex-related transactions.
Spider Grok AI (SGROK) Farm & Pool Listed on MelegaSwap
SpiderGrok AI blockchain technology represents a groundbreaking advancement in the world of decentralized systems and artificial intelligence. SpiderGrok AI Network is used in DeFi platforms for lending, borrowing, decentralized exchanges, and yield farming, among others.
MEMEMINT Emerged as a Trending Project on Melega DEX
MemeMintCoin introduced a significant trend by offering additional tokens to reward dedicated liquidity providers on MelegaSwap. Consequently, users can acquire more MEMEMINT tokens through the Melega decentralized exchange, enabling them to earn increased passive income with a higher APR.
•••
Risk warning: Cryptocurrency investment or trading is subject to high market risk. Hence, you might lose your money in the process. Please do adequate research and plan your investments cautiously. We at MelegaSwap will always make the best efforts to list high-quality and potential coins, but we will not be responsible for your losses.
#MelegaSwap #melega #CZ #Stellar #FTX

The crypto market had a bullish week, with Bitcoin (BTC) soaring 12.6% and reaching stability around $52,000. This surge pushed its market cap past $1 trillion, highlighting renewed investor confidence. Interestingly, 75% of new Bitcoin investments are linked to recently approved spot Bitcoin ETFs, showcasing their growing impact.
Beyond the Bitcoin boom, exciting developments abound. Uniswap v4 gears up for launch with Ethereum's Dencun upgrade, aiming to improve efficiency and scalability. Meanwhile, legal battles heat up, with FTX creditors suing Sullivan & Cromwell and Binance founder CZ's sentencing postponed. In positive news, Celsius completes a $2 billion crypto distribution to its creditors.
However, potential challenges loom. Galaxy Digital warns of a possible 20% drop in Bitcoin's hash rate post-halving. GoFundMe halts fundraising for Tornado Cash's legal defense, raising concerns about censorship and privacy.
For transparent and decentralized crypto trading and to list your crypto token for free, don’t forget to visit our website and follow Melega Finance (@melegadex) on Twitter for more on all things cryptocurrency.
TOP CRYPTO NEWS RECAP (FEBRUARY 4–10, 2024)
●      Uniswap v4 Set to Launch in Q3 After Ethereum’s Dencun Upgrade
●      FTX Creditors Sue Sullivan & Cromwell, Alleging Fraud in Bankruptcy Case
●      Binance Founder CZ's Sentencing Postponed to April 30
●      Celsius Completes $2B Crypto Distribution to Creditors
●      GoFundMe Halts Tornado Cash Legal Defense Crowdfunding
●      Bitcoin Hash Rate Faces Potential 20% Drop Post-Halving, Says Galaxy Digital
Uniswap v4 Set to Launch in Q3 After Ethereum’s Dencun Upgrade
The Uniswap Foundation plans to release version 4 of its decentralized exchange after Ethereum's Dencun upgrade, tentatively scheduled for the third quarter of 2024. Currently in the "Code Freeze" phase, Uniswap v4 undergoes rigorous testing, optimization, and security checks. The foundation aims for it to be the most thoroughly audited code on Ethereum. Following community and audit firm assessments, v4 will move to the testnet before its mainnet deployment, contingent on the Dencun upgrade's progress. Ethereum's Dencun upgrade introduces EIPs like proto-danksharding to reduce layer 2 transaction fees, with mainnet activation slated for March 13, 2024.
FTX Creditors Sue Sullivan & Cromwell Alleging Fraud in Bankruptcy Case
FTX creditors have filed a class-action lawsuit against law firm Sullivan & Cromwell (S&C), accusing it of actively participating in FTX Group's multibillion-dollar fraud. The lawsuit claims S&C knew about FTX's fraudulent conduct but still stood to gain financially. S&C, overseeing FTX's bankruptcy, had a prior relationship with the exchange, raising concerns about conflicts of interest. Former FTX executives revealed close ties between the companies. Despite S&C's denial of wrongdoing, its involvement in FTX's affairs is under intense scrutiny, prompting calls for an independent examination.
Binance Founder CZ's Sentencing Postponed to April 30
Binance's former CEO, Changpeng Zhao, known as CZ, was slated for sentencing on Feb. 23 for money laundering charges, facing up to 18 months in prison. However, the sentencing has been delayed to April 30, per a Seattle Federal Court filing. While some expect a minimal sentence, the prosecution hinted at the possibility of a longer term, up to ten years. Despite efforts from Zhao's legal team, including offering his equity in Binance.US as security, his fate remains uncertain as he awaits sentencing on bail.
Celsius Completes $2B Crypto Distribution to Creditors
Celsius, a bankrupt cryptocurrency lender, has successfully distributed $2 billion worth of cryptocurrency to 172,000 creditors. The distribution, managed by PayPal and Coinbase, saw 20,500 Bitcoin and 301,000 Ether tokens transferred without issues. Despite concerns about compliance hurdles, nearly 75% of the BTC/ETH intended for distribution have been collected. However, creditors who didn't agree to the restructuring plan will have to wait for the resolution of their claims. The completion of this distribution marks a significant milestone in Celsius' journey since filing for bankruptcy in July 2022.
GoFundMe Halts Tornado Cash Legal Defense Crowdfunding
GoFundMe abruptly terminated a fundraiser aimed at supporting the legal defense of Tornado Cash co-founder Roman Storm and developer Alexey Pertsev. The platform cited a breach of its terms of service, specifically Term 22, which prohibits campaigns that could expose GoFundMe to harm or liability. Despite accumulating $30,000 in donations, the fundraiser was canceled, prompting questions from the Tornado Cash community about GoFundMe's actions. Donors, including Ryan Adams, had their contributions returned, while Storm and Pertsev continue to seek financial support through other platforms like JuiceBox.
Bitcoin Hash Rate Faces Potential 20% Drop Post-Halving, Says Galaxy Digital
Galaxy Digital's research suggests that up to 20% of Bitcoin's hash rate might go offline after the upcoming halving, as older mining rigs struggle to break even with reduced block rewards. The report highlights how sensitive breakevens are to Bitcoin's price and transaction fees, indicating potential shutdowns of older models like Bitmain's S9 and Canaan's A1066. Newer, more efficient models like the Antminer S19 are expected to fare better.
•••
Risk warning: Cryptocurrency investment or trading is subject to high market risk. Hence, you might lose your money in the process. Please do adequate research and plan your investments cautiously. We at MelegaSwap will always make the best efforts to list high-quality and potential coins, but we will not be responsible for your losses.
#MelegaSwap #melega #CZ #GoFundMe