Experts believe that the Bitcoin price could reach between $150,000 and $400,000 by 2025. In the first week of 2025, Bitcoin (BTC) showed slight positive momentum. Over the last seven days, its price increased by 3.56%, hitting $98,699 and getting closer to the key $100,000 mark.
This year could be positive for the cryptocurrency market, as regulations, especially in the United States, are expected to improve. This positive environment is attracting more large investors and institutions to the market.
The first week of the year is already looking good, and here are the key updates you might have missed last week.
Visit our website for transparent and decentralized crypto trading and to list your crypto token for free. For more, follow Melega Finance (@meleganews) on X.
TOP CRYPTO NEWS RECAP (December 22 - 28, 2024)
●      Bitcoin's 2025 Price Could Range from $150K to $400K, Says Blockware
●      FTX Reorganization Plan Begins, Users to Receive Funds
●      Uniswap Teases v4 Launch in 2025 After Q3 Delay
●      US Crypto Execs Hope for Regulatory Clarity in 2025
●      Blockchain Association Sues IRS Over New Crypto Broker Rules
●      IRS Expands Reporting Rules to Include DeFi Front-Ends as Brokers
Bitcoin's 2025 Price Could Range from $150K to $400K, Says Blockware
Blockware Solutions forecasts Bitcoin's potential price in 2025 could range from $150,000 to $400,000, driven by key factors like Donald Trump's Strategic Bitcoin Reserve plan and Federal Reserve policies. In the "bear case," Bitcoin could rise 58% to $150,000 if the reserve plan is delayed or the Fed reverses course on interest rates. The "base case" targets $225,000, assuming steady corporate adoption and government action. However, in the "bull case," a more dovish Fed and accelerated adoption could push Bitcoin to $400,000.
FTX Reorganization Plan Begins, Users to Receive Funds
The bankruptcy cryptocurrency exchange FTX's reorganization plan took effect on January 3. Users claiming $50,000 or less can expect to receive their funds within 60 days. To be eligible, users must have filed claims through the official FTX website. The plan, approved in October, ensures that 98% of users will be reimbursed 119% of their declared funds. While many are hopeful, some creditors have criticized the plan for using 2022 cryptocurrency prices. FTX's saga began with its November 2022 bankruptcy and continued with criminal charges against key executives.
Uniswap Teases v4 Launch in 2025 After Q3 Delay
Uniswap has teased the upcoming launch of its DeFi platform's latest version, v4, which is expected in 2025 after missing its initial Q3 2024 target. The decentralized exchange shared a hint on January 2 with an image and the caption, "v4 is coming soon." Uniswap v4 will introduce major upgrades, including dynamic fees, custom oracles, and automated liquidity management. The platform has been in testing throughout 2024, with a $15.5 million bug bounty program in place. Uniswap remains the leading decentralized exchange by trading volume.
US Crypto Execs Hope for Regulatory Clarity in 2025
With a new US presidential administration and Congress taking office in 2025, many in the digital asset industry hope for clearer and more favorable regulations. Ripple's Stuart Alderoty expressed optimism that the SEC will clarify key principles for digital assets, particularly regarding token classifications. Meanwhile, Coinbase's Paul Grewal sees a potential impact from the US Supreme Court's June 2024 ruling on the Chevron doctrine, which could influence SEC cases. As court cases against crypto firms progress, industry leaders are hopeful for positive shifts under the new leadership.
Blockchain Association Sues IRS Over New Crypto Broker Rules
The Blockchain Association filed a lawsuit against the IRS on Dec. 28 regarding its new rule requiring brokers to report digital asset transactions, including those involving decentralized exchanges (DEXs). The lawsuit argues that the rule exceeds the IRS’s statutory authority and violates the Administrative Procedure Act. The regulations, set to take effect in 2027, mandate brokers disclose details about transactions and taxpayers involved. The Blockchain Association claims the rules infringe on privacy rights and could harm blockchain developers and decentralized finance (DeFi) users.
IRS Expands Reporting Rules to Include DeFi Front-Ends as Brokers
The IRS has introduced new regulations requiring brokers to report digital asset transactions, including those from decentralized finance (DeFi) front-end platforms. Effective in 2027, these rules mandate that platforms facilitating digital asset sales disclose gross proceeds and taxpayer details. The regulations classify DeFi front-ends as brokers if they influence or control transactions, even through smart contracts. This move aims to enhance transparency, with the IRS estimating that up to 2.6 million taxpayers could be impacted by these changes. Critics argue it may burden DeFi developers and users.
NEWS FROM MELEGASWAP
Tenniscoin (TENCO) Farm & Pool Listed on MelegaSwap
TennisCoin (TENCO) represents more than just a cutting-edge utility token—it embodies a transformative force poised to revolutionize the tennis world. TennisCoin is here to empower and support the next generation of tennis stars through blockchain technology, driving growth, innovation, and community.
Melega Secures Top-tier Marketing Partnership with Call me Jonky (JONKY) on POLYGON
We are thrilled to announce a new top-tier marketing partnership with Call Me Jonky (JONKY) on POLYGON! This exciting collaboration comes from the developer of Crow With Knife and features a 0/0 Tax, NO TEAM TOKENS, and is PRE-AUDITED. With options for STAKING, KOLS, and comprehensive ADV | MARKETING strategies both pre and post-launch, we’re committed to a secure investment with an LP. Don't miss out—PRESALE ON PINKSALE STARTING SOON!
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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 #BTC #uniswap #FTX

The crypto industry is buzzing with excitement for the launch of “Call Me Jonky” (JONKY) - https://jonky.top , a fresh and innovative project that combines blockchain technology, viral social trends, and a strong community focus. Built by the developer behind the successful Crow With Knife (CAW) – a project that achieved a market cap of $30 million – JONKY is poised to capture attention on a global scale.
Why Polygon Chain?
JONKY leverages the Polygon Chain to deliver fast, cost-effective, and scalable transactions. Known for its compatibility with Ethereum, Polygon ensures accessibility for a wide range of users, from small-scale investors to crypto enthusiasts seeking efficient solutions. This strategic choice provides JONKY with a solid foundation to grow and thrive.
Monkeys in Crypto: A Proven Formula for Success
Monkeys have become iconic figures in the crypto space, with projects like the Bored Ape Yacht Club (BAYC) and the more recent Wise Monkey demonstrating their massive appeal. These projects have attracted not only crypto enthusiasts but also global celebrities and influencers.
Jonky, the cool, stylish, and wealthy monkey at the center of this project, takes this trend to the next level. Designed to resonate with the culture of memes and social virality, Jonky embodies a relaxed yet confident attitude, making it a perfect symbol for a modern, fun, and engaging crypto project.
A Fair Launch with Maximum Transparency
The fair launch for JONKY is scheduled from January 16 to 23 on PinkSale, beginning at 16:16 UTC on January 16. This approach ensures equal and transparent opportunities for investors to participate in the project from the ground up.
Tokenomics Built for Sustainability
The JONKY tokenomics model is structured to support long-term growth while prioritizing community trust:
• 75% of tokens will be made available to the public.
• 10% reserved for staking, offering passive income opportunities.
• 15% dedicated to aggressive marketing efforts to boost global visibility.
Notably, the development team has chosen not to reserve any tokens for themselves, reinforcing their commitment to fairness and transparency.
Beyond the Token: NFTs and Merchandising
JONKY isn’t just a token; it’s an entire ecosystem. Following the token’s launch, an exclusive NFT collection featuring Jonky will debut, giving collectors and investors access to unique digital assets.
The project will also launch a merchandise line inspired by Jonky’s trendy and relaxed vibe. This combination of digital and physical offerings is designed to expand the brand’s appeal and reach.
Cutting-Edge Marketing and Strategic Partnerships
JONKY’s marketing plan is already in motion. The project is listed on over 25 voting platforms and has partnered with Coinzilla, a leader in crypto-focused digital advertising. Additionally, it will leverage the influence of Key Opinion Leaders (KOLs) and Calls to amplify its presence in the crypto and social spaces.
What Sets JONKY Apart?
• Proven Symbolism: Following in the footsteps of projects like Bored Apes and Wise Monkey, JONKY leverages the monkey figure, a popular and recognized icon in crypto culture.
• Superior Blockchain Technology: By launching on Polygon Chain, JONKY ensures fast, scalable, and low-cost transactions for its community.
• Viral Potential: Jonky’s playful and stylish image is designed to capture attention across social media, appealing to meme lovers and influencers.
• Expanded Ecosystem: The combination of a token, NFTs, and merchandise opens multiple avenues for growth and engagement.
• Aggressive Marketing: Partnerships with Coinzilla and prominent influencers position JONKY as a high-visibility project in both the crypto world and mainstream markets.
A Project Ready to Go Global
“Call Me Jonky” is more than just a meme token. It’s a movement built on the robust infrastructure of Polygon Chain, paired with a strong cultural and viral identity.
With its ambitious vision and carefully planned strategies, JONKY is ready to make waves in 2025 and beyond.
Don’t miss the chance to join this exciting journey. Be part of the fair launch and help make Jonky the next big name in the crypto world.

#JONKY #MelegaSwap #melega #melegamarco #PolygonEcosystem
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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.

The Melega team is thrilled to share exciting updates from 2024 and announce the latest addition to our ecosystem: the acquisition of the cryptovotelist.com portal. This platform will be a cornerstone for market insights, promotion, and engagement, ensuring its value as a trusted reference point within the crypto community.
Below is a quick recap of our milestones in 2024:
MelegaSwap Expansion
MelegaSwap (melega.finance) has solidified its role as a central platform in the Melega ecosystem. Originally built on the BNB Smart Chain, MelegaSwap has now evolved into a fully-fledged multichain dApp, supporting BASE, POLYGON, ETHEREUM, and SOLANA networks. Our developers are hard at work to expand MelegaSwap to AVALANCHE and ARBITRUM by January 2025, further enhancing its versatility and reach.Launchpad Development
Our launchpad, Blackpump.fun, has made significant strides in 2024. Currently in its BETA phase, Blackpump is undergoing final upgrades, which are set to be completed by the start of 2025. This launchpad will serve as a pivotal tool for early-stage projects seeking exposure and growth opportunities within the crypto space.Introducing Okirikiri.com
Melega Labs proudly launched the BETA version of Okirikiri.com, an innovative circular economy protocol designed to elevate the ecosystem to unprecedented heights. With an upgrade scheduled for the end of January 2025, we anticipate Okirikiri will become a driving force for growth and innovation across the Melega ecosystem.Marketing Achievements with Melega Space
Melega Space (melega.space) has continued to excel as the marketing arm of the ecosystem. In 2024 alone, it successfully supported over 200 projects, enhancing their market presence and driving impactful results. This achievement underscores our commitment to empowering projects through tailored marketing strategies.
Our dedicated team remains focused on executing the Melega Road Map, striving to create a secure, high-performance, and influential crypto ecosystem. Supporting early-stage projects and driving innovation remain at the heart of our mission.
A year of challenges and opportunities lies ahead in 2025. We are confident that, with your unwavering support, we can achieve every goal we have set.
Happy New Year to you and your loved ones!
#MelegaSwap #melega #blackpump #okirikiri #cryptovotelist

Bitcoin prices hovered around $94,000 this week, with analysts predicting a potential rise of up to four times by 2025, depending on Donald Trump's Strategic Bitcoin Reserve plan and Federal Reserve policies. 
In 2024, U.S. spot Bitcoin ETFs saw impressive net inflows of $35.66 billion, while spot Ether ETFs reached $2.68 billion, bolstered by $349.3 million in the last four trading days. 
Although the recent trend appears slightly bearish, this decline may be temporary. The upcoming alt-season peak and President-elect Trump's upcoming inauguration could ignite renewed positive momentum. Here are the key highlights you may have missed last week.
Visit our website for transparent and decentralized crypto trading and to list your crypto token for free. For more, follow Melega Finance (@meleganews) on X.
TOP CRYPTO NEWS RECAP (December 22 - 28, 2024)
●      Analyst Predicts Ethereum May Outperform Bitcoin in January
●      IRS Classifies DeFi Front-Ends as Brokers for Tax Reporting
●      US Government to Maintain Bitcoin Supply Without New Purchases in 2025
●      Spot Bitcoin and Ether ETFs Record $38.3B Inflows in 2024
●      Montenegro Approves Do Kwon's Extradition to the US
●      Former FTX Executive Ryan Salame's Prison Sentence Reduced
Analyst Predicts Ethereum May Outperform Bitcoin in January
According to MN Capital founder Michael van de Poppe, Ethereum's relative strength to Bitcoin (ETH/BTC ratio) shows signs of growth, potentially breaking 0.04 in January 2025. He suggests this could trigger an Ethereum-driven "altcoin run" as funds flow into Ether while Bitcoin consolidates. The ETH/BTC ratio is currently 0.0356, up 3.26% in the past month. Analysts also expect spot Ether ETFs to outperform Bitcoin ETFs in 2025, with some calling Ethereum “the most under-owned asset." This could mark the end of Ethereum's underperformance against Bitcoin.
IRS Classifies DeFi Front-Ends as Brokers for Tax Reporting
The IRS has finalized rules requiring brokers, including decentralized finance (DeFi) front-end platforms, to report gross proceeds from digital asset transactions. Effective in 2027, these regulations apply to platforms facilitating digital asset sales, including decentralized exchanges. The IRS defines brokers as intermediaries with sufficient control over transactions, even through smart contracts. The rules aim to enhance taxpayer compliance and transparency, affecting up to 2.6 million taxpayers and an estimated 650–875 DeFi brokers. Data collection for compliance begins in 2026.
US Government to Maintain Bitcoin Supply Without New Purchases in 2025
Galaxy Digital predicts the US government will not buy Bitcoin in 2025 but will safeguard its existing 183,850 BTC, valued at approximately $17.36 billion. Alex Thorn, head of research, noted ongoing discussions about a Bitcoin reserve policy. Wyoming Senator Cynthia Lummis proposed the Bitcoin Act 2024 to accumulate 1 million BTC over five years. Analysts suggest that competition among nations may drive Bitcoin adoption, while countries like Japan and China are assessing their stances on strategic Bitcoin reserves.
Spot Bitcoin and Ether ETFs Record $38.3B Inflows in 2024
U.S. spot Bitcoin ETFs saw $35.66 billion in net inflows in 2024, far surpassing initial estimates, led by BlackRock's iShares Bitcoin Trust ETF at $37.31 billion. Ether ETFs also performed well, closing the year with $2.68 billion in inflows since their mid-year launch. Retail investors accounted for 80% of Bitcoin ETF demand, but analysts expect institutional interest to grow in 2025 as more clearinghouses emerge. Predictions for 2025 include Bitcoin reaching $200,000 and Ether climbing to $7,000, driven by growing adoption and tokenization efforts.
Montenegro Approves Do Kwon's Extradition to the US
Montenegro's Justice Minister Bojan Božović has approved the extradition of Terraform Labs co-founder Do Kwon to the United States, rejecting South Korea's competing request. The decision follows a prolonged legal battle, with Montenegro's courts reversing extradition rulings multiple times. Kwon, arrested in June 2023 for attempting to flee Montenegro with a false passport, faces charges in the U.S. related to Terraform Labs' collapse. This marks the conclusion of years-long proceedings, with Montenegro prioritizing the U.S. request based on legal criteria.
Former FTX Executive Ryan Salame's Prison Sentence Reduced
Ryan Salame, former co-CEO of FTX Digital Markets, has had his prison sentence reduced by one year, with his release now set for March 2031. Originally sentenced to 7.5 years in May 2024 for conspiracy to operate an unlicensed money-transmitting business and campaign finance fraud, Salame's initial release date was April 2032. The reasons for the reduced sentence remain unclear. Salame's legal team had argued for leniency, citing his lack of involvement in FTX’s core fraud and significant asset forfeitures as punishment.
NEWS FROM MELEGASWAP
Leonado Coin (LEON) Farm & Pool Listed on MelegaSwap
Traditional methods like bank loans or venture capital are often difficult for early-stage companies to access. LEON provides an alternative fundraising avenue through token sales and by connecting startups with investors.
AetherX (AETX) Farm & Pool Listed on MelegaSwap
AetherX is at the forefront of digital asset innovation, blending advanced technology with practical applications to create a versatile and adaptable ecosystem. Our foundation emphasizes utility and community engagement, separating us from traditional, speculative-driven crypto projects. Participating in AetherX makes you part of a forward-thinking movement focused on real-world solutions and long-term growth within a secure, compliant framework.
SaitaReward Token (SRT) Farm & Pool Listed on MelegaSwap
Saita Rewards Token (SRT) is a rewards token on the BNB Chain that offers rewards from multiple Chains via a Swap & Cross Chain feature.
Fork Dog (FORK) Farm & Pool Listed on MelegaSwap
From the visionary developers of SKI MASK DOG comes $FORK, a groundbreaking meme coin inspired by Elon Musk's thought-provoking post: "Two years ago, I commissioned an art piece: A Fork in the Road. Had to make sure that civilization took the path most likely to pass the Fermi Great Filters.”
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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 #melegamarco #BTC #ETH
 

Bitcoin dipped to a weekly low of $94,430 but has since rebounded above $100k, with analysts predicting further gains. Notably, wallets holding less than 1 BTC are expected to grow by about 9% as small investors continue to accumulate.
Ethereum, the second-largest cryptocurrency, is nearing $4,000. Forecasts suggest it could surpass its all-time high of $4,891.70 in Q1 2025.
The Melega community is also creating excitement with a 50,000 MELEGA ($MARCO) giveaway for 100 random wallets. This ongoing giveaway will end on December 22 at 23:59 UTC.
Overall, last week was filled with significant developments in the crypto space! Here are the key highlights you may have missed.
Visit our website for transparent and decentralized crypto trading and to list your crypto token for free. For more on all things cryptocurrency, follow Melega Finance (@meleganews) on X.
TOP CRYPTO NEWS RECAP (December 8 - 14, 2024)
●      MicroStrategy Joins Nasdaq-100, Boosting Bitcoin Exposure
●      Coinbase Faces $1 Billion Lawsuit Over wBTC Delisting
●      Ripple’s RLUSD Stablecoin Approved by NYDFS
●      Bitwise Predicts 2025 as Crypto’s Breakout Year
●      Texas Investor Sentenced for $4M Bitcoin Tax Evasion
●      Solana Surpasses Ethereum as Top Choice for New Developers
MicroStrategy Joins Nasdaq-100, Boosting Bitcoin Exposure
Nasdaq announced that Michael Saylor's MicroStrategy (MSTR) will join the Nasdaq-100 Index on Dec. 23, reflecting its position among the 100 largest stocks by market cap. MicroStrategy, known for its massive Bitcoin holdings, will be added alongside Palantir (PLTR) and Axon (AXON), while Illumina (ILMN), Super Micro Computer (SMCI), and Moderna (MRNA) will be removed. The inclusion integrates MSTR into the Invesco QQQ ETF, indirectly exposing global investors to Bitcoin. Analysts see this as a pivotal step for broader institutional Bitcoin adoption.
Coinbase Faces $1 Billion Lawsuit Over wBTC Delisting
BiT Global is suing Coinbase for $1 billion, accusing it of delisting Wrapped Bitcoin (wBTC) in November to promote its competing product, cbBTC. The lawsuit alleges attempted monopolization and predatory practices under the Sherman Act, claiming significant financial losses and damaging consumer confidence in wBTC. BiT Global's lawyers argue the move sets a dangerous precedent in the crypto industry. Coinbase maintains the delisting was due to wBTC failing to meet its listing standards. The lawsuit seeks damages and an injunction to prevent further harm.
Ripple’s RLUSD Stablecoin Approved by NYDFS
Ripple CEO Brad Garlinghouse announced that the New York Department of Financial Services (NYDFS) has approved the RLUSD stablecoin, and exchange listings are expected soon. Ripple launched RLUSD in April as a competitor to USDT and USDC, focusing on institutional use. The stablecoin is pegged 1:1 to the US dollar and will be backed by USD deposits and short-term Treasury bonds. Ripple has already tested RLUSD on the XRP Ledger and Ethereum mainnets and partnered with exchanges like Uphold and Bitstamp. Executives project a potential $2 trillion market cap by 2028.
Bitwise Predicts 2025 as Crypto's Breakout Year
Bitwise forecasts a transformative 2025 for crypto, predicting at least five major IPOs, including Circle and Kraken, alongside Bitcoin potentially reaching $500,000. The firm also anticipates Ethereum climbing to $7,000 and Solana surging to $750, driven by growing adoption and innovative projects.
Institutional investments are expected to flow into Bitcoin ETFs, surpassing $50 billion, while real-world asset tokenization could grow to $50 billion. Additionally, AI-driven memecoin trends may spark a new frenzy. Bitwise labels 2025 as the “Year of the Crypto IPO,” with Coinbase set to join the S&P 500.
Texas Investor Sentenced for $4M Bitcoin Tax Evasion
Frank Richard Ahlgren III, a Texas Bitcoin investor, was sentenced to two years in prison for failing to report over $4 million in crypto gains. This is the first criminal tax evasion case focused solely on cryptocurrency. Ahlgren underreported his Bitcoin sales from 2017 to 2019, inflating cost bases to reduce taxable gains and hiding transactions using crypto mixers. He reinvested $3.7 million in real estate while evading taxes. In addition to prison time, Ahlgren must pay $1.1 million in restitution and serve one year of supervised release.
Solana Surpasses Ethereum as Top Choice for New Developers
For the first time since 2016, Solana onboarded more new developers than Ethereum, with 7,625 joining its ecosystem in 2024 compared to Ethereum's 6,456, according to Electric Capital. This growth, driven largely by Asia, reflects an 83% year-over-year increase in Solana's activity.
Despite this, Ethereum remains the leader in total developer activity globally, with 6,244 active monthly developers and strong growth in its layer-2 networks. Crypto development is also expanding worldwide, with Asia emerging as the largest hub, driven by India's rapid onboarding of new developers.
NEWS FROM MELEGASWAP
PlanetIX (IXT) Farm Listed on MelegaSwap
Planet IX is an NFT-based GameFi strategy game. Your goal is to restore the planet to its former green and blue glory– and you do it by acquiring pieces of land called PIX.
StargateToken (STG) Farm Listed on MelegaSwap
Stargate is a fully composable liquidity transport protocol living at Omnichain DeFi's heart.
Polydoge (Polydoge) Farm Listed on MelegaSwap
PolyDoge is a digital currency with one of the most vibrant communities on the powerful Polygon Network. It offers its holders a wide variety of fun interactions, including NFTs, apps, airdrops, and access to different DeFi platforms ready for use on Polygon.
Traff Coin (TRAFF) Farm & Pool Listed on MelegaSwap
TRAFF is a crypto token related to web traffic based on the Binance Smart Chain Network. It is a "Must-Have" token asset that allows holders to access up to $20,000 Worth of Valuable Information about website traffic generation secrets. TRAFF will also be used as an extra payment option to buy website traffic and related services at partner websites.
SAND (SAND) Farm Listed on MelegaSwap
Alpha Season 4 is here! Experience The Sandbox like never before! Level up and collect free rewards. Top the leaderboard, win an Alpha Season 4 Pass, and boost your rewards with exclusive NFTs and SAND!
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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 #MicroStrategy #Coinbase #RLUSDApprovalBoostXRP #melega

Bitcoin has made history by breaking the $100,000 mark, reaching a high of $103,900, and pushing the total market cap over $2 trillion. Meanwhile, Ether (ETH) has risen past $4,000, returning to levels not seen since March 2024. 
At the same time, U.S. spot Bitcoin ETFs have now accumulated more Bitcoin than its creator, Satoshi Nakamoto, surpassing 1.1 million BTC since their launch in January. As of December 5, they hold about 1,103,965 BTC. 
Last week was packed with exciting developments in the crypto world! Here are the key highlights you might have missed.
For transparent and decentralized crypto trading and to list your crypto token for free, visit our website and follow Melega Finance (@meleganews) on X for more on all things cryptocurrency.
TOP CRYPTO NEWS RECAP (December 1 - 7, 2024)
●      Bitcoin Surpasses $100,000 Despite Weak Global Market Performance
●      FCA Blocks Pump.fun in the UK Over Unauthorised Operations
●      Lawrence Summers Criticizes Trump's Bitcoin Reserve Plan
●      Bitcoin Reaches $2 Trillion Milestone in Less Than 16 Years
●      Trump Nominates Paul Atkins as SEC Chair, Pledging Pro-Crypto Leadership
●      Haliey Welch's Hawk Tuah Memecoin Plummets 90% Amid Controversy
Bitcoin Surpasses $100,000 Despite Weak Global Market Performance
Bitcoin reached the historic $100,000 milestone on December 6, defying sluggish momentum in global assets like oil, gold, and the S&P 500. While Bitcoin surged 32% in the past month, oil dropped 6.3%, and the S&P 500 and gold saw slight declines. This rally signals strong investor confidence, with analysts predicting it could continue through 2025. Despite declining global liquidity, Bitcoin's rise is seen as a promising sign, with expectations for a potential peak above $110,000 by early 2025, barring significant market corrections.
FCA Blocks Pump.fun in the UK Over Unauthorised Operations
The UK's Financial Conduct Authority (FCA) has warned against Pump.fun, a memecoin generator, for operating without authorization. The platform allows users to create tokens on the Solana blockchain. It may offer financial services in the UK without permission, leaving users without consumer protections like the Financial Ombudsman Service. The FCA advised users to avoid dealing with Pump.fun. Despite the ban, some users are attempting to bypass restrictions using VPNs. The FCA has previously targeted similar unregulated crypto platforms.
Lawrence Summers Criticizes Trump's Bitcoin Reserve Plan
Former U.S. Treasury Secretary Lawrence Summers dismissed President-elect Donald Trump's proposal for a national Bitcoin reserve, calling it "crazy" and a tactic to appeal to crypto donors. Summers questioned the rationale for accumulating Bitcoin, likening it to historical reserves like oil or gold. Despite criticizing the reserve plan, Summers agreed with Trump's stance that cryptocurrency has been over-regulated, emphasizing the need for financial innovation. Trump's idea, supported by some Republicans, proposes the U.S. government acquire and hold Bitcoin to address the national debt.
Bitcoin Reaches $2 Trillion Milestone in Less Than 16 Years
Bitcoin has reached a historic milestone, becoming a $2 trillion asset in under 16 years, far quicker than companies like Amazon (29 years) and Apple (42 years). On December 5, Bitcoin broke the $100,000 mark, with ARK Invest CEO Cathie Wood predicting even greater potential. Wood emphasized Bitcoin's superiority over gold, calling it "a much bigger idea." Bitcoin now represents 52.6% of the $3.9 trillion crypto market. Wood also suggested that Bitcoin could reach $1 million by 2030, driven by increasing institutional support.
Trump Nominates Paul Atkins as SEC Chair, Pledging Pro-Crypto Leadership
President-elect Donald Trump has nominated Paul Atkins to replace Gary Gensler as SEC chair, citing his experience as a former SEC commissioner and his pro-crypto stance. Atkins, a digital assets advocate, has worked on crypto regulations as Co-Chairman of the Digital Chamber's Token Alliance. Trump described him as a "proven leader for common-sense regulations," emphasizing transparency and investor protection. This nomination aligns with Trump's campaign promise to support the crypto industry, promising a shift from Gensler's anti-crypto policies that have led to numerous legal battles.
Haliey Welch's Hawk Tuah Memecoin Plummets 90% Amid Controversy
Haliey Welch's Hawk Tuah (HAWK) memecoin saw a dramatic 90% plunge shortly after its December 4 launch, sparking outrage over allegations of insider sales and "snipers" — entities that rapidly acquire tokens at launch. The coin briefly reached a $490 million market cap before crashing to $41.7 million. Despite claims from Welch that her team did not sell any tokens or give coins to key opinion leaders, data revealed that a wallet sniped 17.5% of HAWK's supply, profiting $1.3 million. The incident has led to potential legal actions and SEC complaints.
NEWS FROM MELEGASWAP
MelegaSwap is expanding on SOLANA NETWORK!
We are thrilled to announce that MelegaSwap will be operational on the SOLANA Network within 15 days. Unlike the current platform, MelegaSwap on SOLANA will use the Raydium router, ensuring maximum liquidity for the best trading experience. Click here to learn more.
Cboin (CBN) Listed on MelegaSwap
Cboin (CBN) is a newly emerging cryptocurrency on PancakeSwap v3 that offers promising growth potential. As of now, its value has increased by 26.42% within the last 24 hours, making it an exciting prospect for early investors.
Trust Wallet (TWT) Farm Listed on MelegaSwap
$TWT is a utility token that increases the adoption of cryptocurrency.
Fantom (FTM) Farm Listed on MelegaSwap
Fantom is a directed acyclic graph (DAG) smart contract platform providing developers with decentralized finance (DeFi) services using its own bespoke consensus algorithm.
Green Metaverse Token (GMT) Farm Listed on MelegaSwap
STEPN is a "Web3 lifestyle app" with GameFi elements on the Solana blockchain. It combines aspects of a play-to-earn game with a fitness app to create a new category coined "move-to-earn." Users buy NFT sneakers, which they can use to earn in-game currency while walking, running, or jogging.
Spectral Token (SPEC) Farm Listed on MelegaSwap
Transforming Static Memes to Sentient Agents.
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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 #melegamarco #melega #BTC500K #pumpfun