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Wishing you a Happy New Year!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

Wishing you a Happy New Year!

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
Okirikiri: the protocol revealed and the differences with MLM systems and PONZI schemesThe Okirikiri protocol (https://www.okirikiri.com) represents a new model of circular economy based on smart contracts within the BNB Smart Chain. The system allows users to make direct donations to each other without funds being managed or retained by the platform. Unlike other systems, Okirikiri only retains a small 10% administrative fee to cover operating and marketing costs, with a portion (33%) of this fee allocated to charitable initiatives that support individuals in economic and social hardship. This ensures that the majority of resources circulate directly among users, with no profit for the platform itself. Key Differences with MLM Systems and Ponzi Schemes Unlike multi-level marketing (MLM) systems and Ponzi schemes, Okirikiri operates through a closed and finite system, structured in four levels with four exit points. Users are free to exit the system at one of these points and to re-enter each time with a voluntary $250 donation. This amount is completely legal and provides transparent access to the community without hidden costs. Ponzi Schemes Ponzi schemes are known for their illegality and lack of transparency, as there is no real economic activity supporting them; returns are funded solely by new entrants. This leads to inevitable collapse once the scheme can no longer recruit new participants. Ponzi schemes are therefore highly risky and fraudulent for users, who risk losing their entire invested capital. Multi-Level Marketing and Network Marketing Multi-level marketing (MLM) and network marketing systems are legal but often pose transparency issues. Being based on a model of commissions and sales, they require users to remain active through periodic purchases or constant recruitment to generate revenue. Earnings thus depend on sales or the volume generated by the recruitment network, implying ongoing and active involvement. Furthermore, many MLM systems include hidden costs that may not be immediately evident to new participants, complicating their understanding of the true financial commitments involved. Passive Participation and Freedom of Choice in Okirikiri The Okirikiri protocol, on the other hand, allows entirely passive participation for users: once a user has made a donation, they are automatically assigned a chronological slot that guarantees they will receive donations from other participants. There is no requirement for active involvement or continuous recruitment of new members. Users can freely choose whether to share the initiative, but this choice is not mandatory. The donation mechanism relies solely on the chronologically acquired slot within the community and not on the user’s activity. Flexible and Modifiable Hierarchy A major feature of the Okirikiri protocol is its flexible hierarchy, determined by the chronological principle and users’ actions within the system. Unlike MLM systems, where hierarchy is fixed and early entrants hold a dominant position, in Okirikiri users’ positions can shift based on chronological actions. For instance, if a user reaches an exit point and delays deciding whether to proceed to the next level or exit, their position may be taken by another user who moves first. This rule, enforced by the smart contract, ensures a dynamic and continuously evolving hierarchy that adapts to the decisions and timing of each participant. A Circular Economy Model and Wealth Redistribution The Okirikiri protocol is designed to enable fair wealth redistribution on a global scale. The system of donations among users, governed by a smart contract, allows for the continuous but finite circulation of resources, avoiding the endless nature of Ponzi models or MLM systems. Additionally, Okirikiri does not depend on continuous recruitment, as the cycle is based on four predefined exit points, creating a finite and sustainable system. Conclusion: An Innovative and Legal Model Okirikiri represents a new, legal, and transparent model of circular economy. Thanks to blockchain and smart contracts, the platform ensures that donations flow between users directly and securely, without hidden costs or requirements for active involvement. With its transparent system and charitable funds, Okirikiri stands in clear contrast to multi-level marketing models and Ponzi schemes, promoting sustainable wealth redistribution with a positive social impact. #okirikiri #MelegaSwap #melega #melegamarco #DecentralizedEconomy

Okirikiri: the protocol revealed and the differences with MLM systems and PONZI schemes

The Okirikiri protocol (https://www.okirikiri.com) represents a new model of circular economy based on smart contracts within the BNB Smart Chain. The system allows users to make direct donations to each other without funds being managed or retained by the platform. Unlike other systems, Okirikiri only retains a small 10% administrative fee to cover operating and marketing costs, with a portion (33%) of this fee allocated to charitable initiatives that support individuals in economic and social hardship. This ensures that the majority of resources circulate directly among users, with no profit for the platform itself.
Key Differences with MLM Systems and Ponzi Schemes
Unlike multi-level marketing (MLM) systems and Ponzi schemes, Okirikiri operates through a closed and finite system, structured in four levels with four exit points. Users are free to exit the system at one of these points and to re-enter each time with a voluntary $250 donation. This amount is completely legal and provides transparent access to the community without hidden costs.

Ponzi Schemes
Ponzi schemes are known for their illegality and lack of transparency, as there is no real economic activity supporting them; returns are funded solely by new entrants. This leads to inevitable collapse once the scheme can no longer recruit new participants. Ponzi schemes are therefore highly risky and fraudulent for users, who risk losing their entire invested capital.
Multi-Level Marketing and Network Marketing
Multi-level marketing (MLM) and network marketing systems are legal but often pose transparency issues. Being based on a model of commissions and sales, they require users to remain active through periodic purchases or constant recruitment to generate revenue. Earnings thus depend on sales or the volume generated by the recruitment network, implying ongoing and active involvement. Furthermore, many MLM systems include hidden costs that may not be immediately evident to new participants, complicating their understanding of the true financial commitments involved.
Passive Participation and Freedom of Choice in Okirikiri
The Okirikiri protocol, on the other hand, allows entirely passive participation for users: once a user has made a donation, they are automatically assigned a chronological slot that guarantees they will receive donations from other participants. There is no requirement for active involvement or continuous recruitment of new members. Users can freely choose whether to share the initiative, but this choice is not mandatory. The donation mechanism relies solely on the chronologically acquired slot within the community and not on the user’s activity.
Flexible and Modifiable Hierarchy
A major feature of the Okirikiri protocol is its flexible hierarchy, determined by the chronological principle and users’ actions within the system. Unlike MLM systems, where hierarchy is fixed and early entrants hold a dominant position, in Okirikiri users’ positions can shift based on chronological actions. For instance, if a user reaches an exit point and delays deciding whether to proceed to the next level or exit, their position may be taken by another user who moves first. This rule, enforced by the smart contract, ensures a dynamic and continuously evolving hierarchy that adapts to the decisions and timing of each participant.
A Circular Economy Model and Wealth Redistribution
The Okirikiri protocol is designed to enable fair wealth redistribution on a global scale. The system of donations among users, governed by a smart contract, allows for the continuous but finite circulation of resources, avoiding the endless nature of Ponzi models or MLM systems. Additionally, Okirikiri does not depend on continuous recruitment, as the cycle is based on four predefined exit points, creating a finite and sustainable system.
Conclusion: An Innovative and Legal Model
Okirikiri represents a new, legal, and transparent model of circular economy. Thanks to blockchain and smart contracts, the platform ensures that donations flow between users directly and securely, without hidden costs or requirements for active involvement. With its transparent system and charitable funds, Okirikiri stands in clear contrast to multi-level marketing models and Ponzi schemes, promoting sustainable wealth redistribution with a positive social impact.
#okirikiri #MelegaSwap #melega #melegamarco #DecentralizedEconomy
Melegaswap Ecosystem Launches OkiriKiri.com: A Decentralized Circular Economy PlatformThe MelegaSwap Ecosystem is thrilled to announce the launch of OkiriKiri.com, an innovative platform built on the concept of a decentralized circular economy aimed at transforming global wealth distribution. Designed to ensure security, transparency, and the absence of centralized control, OkiriKiri.com provides an opportunity to encourage crypto adoption and spread the advantages of decentralized finance to a broad audience. The platform operates through a system of voluntary donations, rewarding participants through a straightforward and highly beneficial model. A Circular Donation System for Decentralization The Melegaswap Ecosystem, already known for successful projects like MelegaSwap and the brand new launchpad BlackPump.fun, now expands its offerings with OkiriKiri.com, aiming to strengthen the entire network and consolidate the value of its native token, $MARCO. This new platform introduces a unique model, promoting a virtuous circle of donations that contributes to the ecosystem’s growth while distributing resources in a fair and sustainable manner. How to Join OkiriKiri.com To participate in OkiriKiri.com, users can follow a few simple steps to join the circular donation system. Here’s a breakdown of the necessary steps: 1. Visit the Platform: Visit OkiriKiri.com 2. Make an Initial Donation: To secure a “spot” in the circuit, users must make an initial donation of 250 USDT (BEP20). This donation not only grants access to the protocol but also ensures the right to participate in the redistribution of future donations. 3. Collect Donations: After making the donation, users can receive quickly 2,025 USDT in rewards thanks to their position in the circuit. This is made possible as the system allocates 90% of subsequent donations to users in chronological order, creating a steady flow of redistributed funds among participants. And that's not all. The benefits increase even more if the user maintains his position up to the fourth level. 4. Withdraw Donations: Donations received can be withdrawn in USDT or $MARCO, the Melega ecosystem’s native cryptocurrency. By choosing $MARCO, users gain additional benefits like passive income through staking $MARCO within the Marco Pools on melega.finance. A Sustainable Economy Through Decentralization One of OkiriKiri.com’s unique features is its role as part of a decentralized, self-sustaining economic system. The platform operates independently, with no central authority, which is a crucial factor in ensuring freedom and transaction transparency. OkiriKiri.com enables users to actively participate in a wealth redistribution process, eliminating access barriers and making resource distribution fairer. The Power of Marco in the Melegaswap Ecosystem Along with the option to withdraw donations in USDT, OkiriKiri.com integrates the $MARCO token as an alternative withdrawal method. $MARCO is a cryptocurrency developed by the Melega ecosystem that provides users with daily passive income through staking on melega.finance. This staking mechanism within the Marco Pools allows users to further profit, encouraging $MARCO retention and contributing to the token’s value growth. By integrating $MARCO into the OkiriKiri.com system, participants benefit not only from donation redistribution but also from the growth potential of the token within the Melega ecosystem. Security and Transparency: The Pillars of OkiriKiri.com A core aspect of the platform is security. Transactions are protected and verifiable, offering users peace of mind as they operate within a decentralized and transparent platform. Using blockchain technology and without centralized control, OkiriKiri.com ensures transparent management of funds and transactions, building trust and supporting the principles of decentralized finance. OkiriKiri.com: A Tool for Crypto Adoption The platform is designed to be user-friendly and accessible, promoting crypto adoption even among those with little experience in the field. With a small initial investment and a straightforward reward mechanism, OkiriKiri.com is an ideal tool to introduce new people to decentralized finance and encourage global cryptocurrency adoption. Conclusion OkiriKiri.com stands as an innovative and cutting-edge platform, an integral part of the Melega ecosystem, combining wealth redistribution, crypto adoption, and decentralized finance. Through its simple voluntary donation system, the potential of the $MARCO token, and opportunities for passive income, OkiriKiri.com offers users a sustainable and secure way to support a circular economy model.  #okirikiri #melega #MelegaSwap #melegamarco #blackpumpfun

Melegaswap Ecosystem Launches OkiriKiri.com: A Decentralized Circular Economy Platform

The MelegaSwap Ecosystem is thrilled to announce the launch of OkiriKiri.com, an innovative platform built on the concept of a decentralized circular economy aimed at transforming global wealth distribution. Designed to ensure security, transparency, and the absence of centralized control, OkiriKiri.com provides an opportunity to encourage crypto adoption and spread the advantages of decentralized finance to a broad audience. The platform operates through a system of voluntary donations, rewarding participants through a straightforward and highly beneficial model.
A Circular Donation System for Decentralization
The Melegaswap Ecosystem, already known for successful projects like MelegaSwap and the brand new launchpad BlackPump.fun, now expands its offerings with OkiriKiri.com, aiming to strengthen the entire network and consolidate the value of its native token, $MARCO. This new platform introduces a unique model, promoting a virtuous circle of donations that contributes to the ecosystem’s growth while distributing resources in a fair and sustainable manner.
How to Join OkiriKiri.com
To participate in OkiriKiri.com, users can follow a few simple steps to join the circular donation system. Here’s a breakdown of the necessary steps:
1. Visit the Platform: Visit OkiriKiri.com
2. Make an Initial Donation: To secure a “spot” in the circuit, users must make an initial donation of 250 USDT (BEP20). This donation not only grants access to the protocol but also ensures the right to participate in the redistribution of future donations.
3. Collect Donations: After making the donation, users can receive quickly 2,025 USDT in rewards thanks to their position in the circuit. This is made possible as the system allocates 90% of subsequent donations to users in chronological order, creating a steady flow of redistributed funds among participants. And that's not all. The benefits increase even more if the user maintains his position up to the fourth level.
4. Withdraw Donations: Donations received can be withdrawn in USDT or $MARCO, the Melega ecosystem’s native cryptocurrency. By choosing $MARCO, users gain additional benefits like passive income through staking $MARCO within the Marco Pools on melega.finance.
A Sustainable Economy Through Decentralization
One of OkiriKiri.com’s unique features is its role as part of a decentralized, self-sustaining economic system. The platform operates independently, with no central authority, which is a crucial factor in ensuring freedom and transaction transparency. OkiriKiri.com enables users to actively participate in a wealth redistribution process, eliminating access barriers and making resource distribution fairer.
The Power of Marco in the Melegaswap Ecosystem
Along with the option to withdraw donations in USDT, OkiriKiri.com integrates the $MARCO token as an alternative withdrawal method. $MARCO is a cryptocurrency developed by the Melega ecosystem that provides users with daily passive income through staking on melega.finance. This staking mechanism within the Marco Pools allows users to further profit, encouraging $MARCO retention and contributing to the token’s value growth.
By integrating $MARCO into the OkiriKiri.com system, participants benefit not only from donation redistribution but also from the growth potential of the token within the Melega ecosystem.
Security and Transparency: The Pillars of OkiriKiri.com
A core aspect of the platform is security. Transactions are protected and verifiable, offering users peace of mind as they operate within a decentralized and transparent platform. Using blockchain technology and without centralized control, OkiriKiri.com ensures transparent management of funds and transactions, building trust and supporting the principles of decentralized finance.
OkiriKiri.com: A Tool for Crypto Adoption
The platform is designed to be user-friendly and accessible, promoting crypto adoption even among those with little experience in the field. With a small initial investment and a straightforward reward mechanism, OkiriKiri.com is an ideal tool to introduce new people to decentralized finance and encourage global cryptocurrency adoption.
Conclusion
OkiriKiri.com stands as an innovative and cutting-edge platform, an integral part of the Melega ecosystem, combining wealth redistribution, crypto adoption, and decentralized finance. Through its simple voluntary donation system, the potential of the $MARCO token, and opportunities for passive income, OkiriKiri.com offers users a sustainable and secure way to support a circular economy model. 

#okirikiri #melega #MelegaSwap #melegamarco #blackpumpfun
Crypto Weekly Recap: Pakistan Proposes Crypto Legalization; BlackRock & more (Novel 02-09,2024)This week, Bitcoin soared to an unprecedented all-time high of $79,771.66, just days after Donald Trump, the first crypto-friendly president, won the 2024 election alongside pro-crypto candidates in the Senate. This marks a pivotal moment for the crypto industry, long hindered by vague U.S. regulations from the SEC.  The global cryptocurrency market surged in response, while the stock market is poised for one of its best weeks of the year, buoyed by Trump's victory and recent interest rate cuts. Tech stocks, particularly MicroStrategy (MSRT), have thrived, with shares climbing to $271.26—up nearly 20% in five days and 486% over the past year, primarily due to its Bitcoin reserves strategy. Experts expect that Trump's presidency will usher in more favorable cryptocurrency regulations in the U.S. So, keep reading to discover the latest news and key developments in the crypto world! 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 (November 02 - November 09, 2024) ●      Pakistan Proposes Legalization of Digital Currency, Including Crypto ●      Trump Presidency May Usher in Pro-Crypto SEC Reforms ●      BlackRock’s Bitcoin ETF Surpasses Gold Fund in Assets ●      Senator Lummis Pushes for U.S. Strategic Bitcoin Reserve Following GOP Gains ●      Binance and CZ Seek Dismissal of SEC's Amended Complaint Over Crypto Assets ●      Michigan Pension Fund Expands Crypto Investment with Ether ETFs Pakistan Proposes Legalization of Digital Currency, Including Crypto On Nov. 4, the State Bank of Pakistan (SBP) proposed a major policy shift to legalize digital assets like cryptocurrencies and introduce a central bank digital currency (CBDC). The amendments would allow state banks to issue digital rupees and penalize unlicensed digital currency issuers if approved. This move follows a change in leadership and signals a reversal from the previous anti-crypto stance. Additionally, the Monetary Policy Committee announced a 2.5% interest rate cut, attributing the decision to easing inflation and favorable economic conditions. Trump Presidency May Usher in Pro-Crypto SEC Reforms With Donald Trump's election victory, the U.S. crypto industry anticipates more favorable regulations. Industry experts, including Steve Milton from Fintopio, predict that a Trump administration could push for a less restrictive SEC, potentially replacing current chair Gary Gensler with a more crypto-friendly candidate. This shift could reduce regulatory hurdles, fostering growth in the crypto sector. Additionally, analysts suggest that the U.S. may see its first staked Ether ETF under the new administration, further bolstering Ethereum’s appeal as a regulated asset. BlackRock’s Bitcoin ETF Surpasses Gold Fund in Assets BlackRock’s iShares Bitcoin Trust (IBIT) had over $33 billion in assets as of Nov. 8, surpassing the company’s iShares Gold Trust (IAU), which has been around since 2005. This milestone reflects rapid growth since IBIT’s January launch, with major inflows following Donald Trump’s election, signaling potential regulatory optimism for crypto. IBIT saw record trading volumes, and the surge in Bitcoin ETFs has placed them among the top-performing ETF launches of 2024, highlighting significant investor interest in cryptocurrency assets. Senator Lummis Pushes for U.S. Strategic Bitcoin Reserve Following GOP Gains Following Republican wins in the U.S. elections, Wyoming Senator Cynthia Lummis reiterated her commitment to establishing a "strategic Bitcoin reserve." With a Republican majority expected in the Senate in 2025, Lummis aims to advance her Bitcoin Act, proposing that the U.S. acquire 1 million BTC for long-term holding. The proposal, inspired by Donald Trump’s previous comments on Bitcoin stockpiles, reflects the GOP's increasing support for pro-crypto policies, as seen in several pro-crypto candidates’ election victories. Binance and CZ Seek Dismissal of SEC's Amended Complaint Over Crypto Assets Binance and its former CEO Changpeng “CZ” Zhao filed a motion on Nov. 4 to dismiss the U.S. SEC’s amended complaint, which claims certain crypto tokens, such as Axie Infinity Shards and Filecoin, are securities. Binance's legal team argued that secondary market resales of crypto assets aren’t securities transactions, as they’re unrelated to the initial distribution by developers. The defense contends that the SEC’s claims lack legal basis, urging dismissal of the complaint without amendment, marking another chapter in the ongoing legal dispute since June 2023. Michigan Pension Fund Expands Crypto Investment with Ether ETFs The State of Michigan Retirement System disclosed investments in Ether ETFs, holding 460,000 shares each of Grayscale's Ethereum Trust and Ethereum Mini Trust, as per a Nov. 4 SEC filing. This adds to its ARK 21Shares Bitcoin ETF holdings, which have grown by $1 million since June 30. The pension fund's Bitcoin and Ether investments total approximately $18 million. Michigan joins other government entities, like Florida and South Korea, in increasing pension fund exposure to cryptocurrency assets amidst growing institutional interest.  NEWS FROM MELEGASWAP TONGUE is Boosted on Melega! We are excited to announce that the $TONGUE team has decided to enhance the FARM&POOL liquidity program by maximizing the Annual Percentage Rate (APR) and increasing user participation. Additionally, a new MARCO-TONGUE FARM is now available! This offers more opportunities to participate in a successful project while maximizing your earnings. GameXT (GMX) Farm & Pool Listed on MelegaSwap GameXLabs project is redefining the gaming landscape by merging the thrill of gaming with the power of cryptocurrency. GMX's vision is to create an immersive online platform where gamers of all levels can come together to play, compete, and earn rewards like never before. GameXT Team aims to empower gamers, foster community engagement, and provide new opportunities for earning and monetization within the gaming ecosystem. $MXMX is boosted on the BASE Chain! We are thrilled to announce that the MASTERM team has decided to further enhance the FARM&POOL liquidity program by maximizing the APR and potential user participation. Furthermore, a new MARCO-MXMX FARM is now available on BASE Chain! $XOXO is boosted on the Polygon Chain! We are thrilled to announce that the $XOXO team has decided to further enhance the FARM&POOL liquidity program by maximizing the APR and potential user participation. Furthermore, a new MARCO-XOXO FARM is now available! TEDDY (BEAR) Farm & Pool Listed on MelegaSwap Share to Earn TEDDY (BEAR), the world’s sweetest community-driven token with reflections to the hodlers, buyback and burn, and auto LP. NEXO (NEXO) Farms Listed on MelegaSwap Nexo is a lending platform for cryptocurrencies. Lenders can lend their digital assets, such as Bitcoin, Tether, USDC, and more, for interest, and borrowers can collateralize their digital assets to take a loan. Nexo currently supports over 40 currencies and has been operating since 2018. Melega Labs Launches Okirikiri.com Okirikiri is a revolutionary and decentralized protocol for a democratic circular economy based on voluntary donations that change lives and redistribute global wealth. It also promotes decentralized finance and the adoption of cryptocurrencies. ••• 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 #pakistanicrypto #okirikiri #TrumpSupportsCrypto

Crypto Weekly Recap: Pakistan Proposes Crypto Legalization; BlackRock & more (Novel 02-09,2024)

This week, Bitcoin soared to an unprecedented all-time high of $79,771.66, just days after Donald Trump, the first crypto-friendly president, won the 2024 election alongside pro-crypto candidates in the Senate. This marks a pivotal moment for the crypto industry, long hindered by vague U.S. regulations from the SEC. 
The global cryptocurrency market surged in response, while the stock market is poised for one of its best weeks of the year, buoyed by Trump's victory and recent interest rate cuts. Tech stocks, particularly MicroStrategy (MSRT), have thrived, with shares climbing to $271.26—up nearly 20% in five days and 486% over the past year, primarily due to its Bitcoin reserves strategy.
Experts expect that Trump's presidency will usher in more favorable cryptocurrency regulations in the U.S.
So, keep reading to discover the latest news and key developments in the crypto world!
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 (November 02 - November 09, 2024)
●      Pakistan Proposes Legalization of Digital Currency, Including Crypto
●      Trump Presidency May Usher in Pro-Crypto SEC Reforms
●      BlackRock’s Bitcoin ETF Surpasses Gold Fund in Assets
●      Senator Lummis Pushes for U.S. Strategic Bitcoin Reserve Following GOP Gains
●      Binance and CZ Seek Dismissal of SEC's Amended Complaint Over Crypto Assets
●      Michigan Pension Fund Expands Crypto Investment with Ether ETFs
Pakistan Proposes Legalization of Digital Currency, Including Crypto
On Nov. 4, the State Bank of Pakistan (SBP) proposed a major policy shift to legalize digital assets like cryptocurrencies and introduce a central bank digital currency (CBDC). The amendments would allow state banks to issue digital rupees and penalize unlicensed digital currency issuers if approved. This move follows a change in leadership and signals a reversal from the previous anti-crypto stance. Additionally, the Monetary Policy Committee announced a 2.5% interest rate cut, attributing the decision to easing inflation and favorable economic conditions.
Trump Presidency May Usher in Pro-Crypto SEC Reforms
With Donald Trump's election victory, the U.S. crypto industry anticipates more favorable regulations. Industry experts, including Steve Milton from Fintopio, predict that a Trump administration could push for a less restrictive SEC, potentially replacing current chair Gary Gensler with a more crypto-friendly candidate. This shift could reduce regulatory hurdles, fostering growth in the crypto sector. Additionally, analysts suggest that the U.S. may see its first staked Ether ETF under the new administration, further bolstering Ethereum’s appeal as a regulated asset.
BlackRock’s Bitcoin ETF Surpasses Gold Fund in Assets
BlackRock’s iShares Bitcoin Trust (IBIT) had over $33 billion in assets as of Nov. 8, surpassing the company’s iShares Gold Trust (IAU), which has been around since 2005. This milestone reflects rapid growth since IBIT’s January launch, with major inflows following Donald Trump’s election, signaling potential regulatory optimism for crypto. IBIT saw record trading volumes, and the surge in Bitcoin ETFs has placed them among the top-performing ETF launches of 2024, highlighting significant investor interest in cryptocurrency assets.
Senator Lummis Pushes for U.S. Strategic Bitcoin Reserve Following GOP Gains
Following Republican wins in the U.S. elections, Wyoming Senator Cynthia Lummis reiterated her commitment to establishing a "strategic Bitcoin reserve." With a Republican majority expected in the Senate in 2025, Lummis aims to advance her Bitcoin Act, proposing that the U.S. acquire 1 million BTC for long-term holding. The proposal, inspired by Donald Trump’s previous comments on Bitcoin stockpiles, reflects the GOP's increasing support for pro-crypto policies, as seen in several pro-crypto candidates’ election victories.
Binance and CZ Seek Dismissal of SEC's Amended Complaint Over Crypto Assets
Binance and its former CEO Changpeng “CZ” Zhao filed a motion on Nov. 4 to dismiss the U.S. SEC’s amended complaint, which claims certain crypto tokens, such as Axie Infinity Shards and Filecoin, are securities. Binance's legal team argued that secondary market resales of crypto assets aren’t securities transactions, as they’re unrelated to the initial distribution by developers. The defense contends that the SEC’s claims lack legal basis, urging dismissal of the complaint without amendment, marking another chapter in the ongoing legal dispute since June 2023.
Michigan Pension Fund Expands Crypto Investment with Ether ETFs
The State of Michigan Retirement System disclosed investments in Ether ETFs, holding 460,000 shares each of Grayscale's Ethereum Trust and Ethereum Mini Trust, as per a Nov. 4 SEC filing. This adds to its ARK 21Shares Bitcoin ETF holdings, which have grown by $1 million since June 30. The pension fund's Bitcoin and Ether investments total approximately $18 million. Michigan joins other government entities, like Florida and South Korea, in increasing pension fund exposure to cryptocurrency assets amidst growing institutional interest. 
NEWS FROM MELEGASWAP
TONGUE is Boosted on Melega!
We are excited to announce that the $TONGUE team has decided to enhance the FARM&POOL liquidity program by maximizing the Annual Percentage Rate (APR) and increasing user participation. Additionally, a new MARCO-TONGUE FARM is now available! This offers more opportunities to participate in a successful project while maximizing your earnings.
GameXT (GMX) Farm & Pool Listed on MelegaSwap
GameXLabs project is redefining the gaming landscape by merging the thrill of gaming with the power of cryptocurrency. GMX's vision is to create an immersive online platform where gamers of all levels can come together to play, compete, and earn rewards like never before. GameXT Team aims to empower gamers, foster community engagement, and provide new opportunities for earning and monetization within the gaming ecosystem.
$MXMX is boosted on the BASE Chain!
We are thrilled to announce that the MASTERM team has decided to further enhance the FARM&POOL liquidity program by maximizing the APR and potential user participation. Furthermore, a new MARCO-MXMX FARM is now available on BASE Chain!
$XOXO is boosted on the Polygon Chain!
We are thrilled to announce that the $XOXO team has decided to further enhance the FARM&POOL liquidity program by maximizing the APR and potential user participation. Furthermore, a new MARCO-XOXO FARM is now available!
TEDDY (BEAR) Farm & Pool Listed on MelegaSwap
Share to Earn TEDDY (BEAR), the world’s sweetest community-driven token with reflections to the hodlers, buyback and burn, and auto LP.
NEXO (NEXO) Farms Listed on MelegaSwap
Nexo is a lending platform for cryptocurrencies. Lenders can lend their digital assets, such as Bitcoin, Tether, USDC, and more, for interest, and borrowers can collateralize their digital assets to take a loan. Nexo currently supports over 40 currencies and has been operating since 2018.
Melega Labs Launches Okirikiri.com
Okirikiri is a revolutionary and decentralized protocol for a democratic circular economy based on voluntary donations that change lives and redistribute global wealth. It also promotes decentralized finance and the adoption of cryptocurrencies.
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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.
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