This week, Bitcoin made a remarkable comeback, surging by 8.54% and reaching levels not seen since July. The price has climbed to $68,382 as of press time, fueled by growing speculation about an impending bull market. 
The positive sentiment in the market is unmistakable. U.S. spot Bitcoin exchange-traded funds (ETFs) experienced their largest one-day inflow in over four months, with more than half a billion dollars pouring in.
Data from Farside Investors reveals that the 11 ETFs recorded a staggering aggregate net inflow of $555.9 million on October 14, marking their highest daily net inflow since early June.
Moreover, the past week has been bustling with significant developments, including the launch of Donald Trump’s DeFi project, World Liberty Financial. Join us as we delve into six important crypto stories from the week! Check them out below!
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 (October 13 - October 19, 2024)
●      SEC Approves Bitcoin ETF Options, Boosting Market Liquidity
●      Trump's Crypto Project Faces Early Challenges Amid WLFI Token Sale
●      FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Approval
●      Ripple’s Legal Win on XRP Status Stands Despite SEC Appeal
●      BlackRock Eyes BUIDL as Collateral for Crypto Derivatives Trading
●      World Unveils New Layer-2 Network 'World Chain'
SEC Approves Bitcoin ETF Options, Boosting Market Liquidity
On October 18, the U.S. Securities and Exchange Commission (SEC) approved the listing of options for spot Bitcoin exchange-traded funds (ETFs) on the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE). This decision includes major ETF providers such as Fidelity, ARK21Shares, and BlackRock's iShares. Traders believe this move will inject crucial liquidity into Bitcoin markets, potentially fueling price gains and reducing volatility. The approval is seen as a major step forward, enhancing market dynamics and offering more sophisticated trading opportunities for Bitcoin.
Trump's Crypto Project Faces Early Challenges Amid WLFI Token Sale
The Trump family-backed World Liberty Financial (WLF) launched its WLFI token sale, but the project stumbled with website outages and underwhelming sales. Despite selling 344 million tokens to around 3,000 wallets, this accounted for only 1.7% of the 20 billion tokens available. The project aims to raise $300 million, with WLFI serving as a governance token for decentralized finance (DeFi) activities. Donald Trump, "chief crypto advocate," is heavily involved, alongside his sons as "Web3 ambassadors," showcasing the family's deep commitment to the project.
FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Approval
The FBI arrested Eric Council Jr., 25, for hacking the U.S. Securities and Exchange Commission’s (SEC) X account. He faces charges of conspiracy to commit aggravated identity theft and fraud. Council Jr. and his group posted a fake announcement claiming SEC approval of Bitcoin ETFs, causing Bitcoin’s price to spike by over $1,000. The hacker used a "SIM swap" attack to access the account. The false news disrupted markets until the SEC quickly denied the claim.
Ripple’s Legal Win on XRP Status Stands Despite SEC Appeal
The U.S. Securities and Exchange Commission (SEC) filed an appeal on October 16 regarding its case against Ripple but did not challenge the court's ruling that XRP is not a security. Ripple's chief legal officer, Stuart Alderoty, emphasized that this decision remains. The SEC’s appeal focuses on Ripple’s sales of XRP on exchanges and personal sales by Ripple’s executives. Ripple plans to file its response soon. The legal process is expected to extend through July 2025, but XRP's non-security status remains intact.
BlackRock Eyes BUIDL as Collateral for Crypto Derivatives Trading
BlackRock is discussing integrating its BUIDL token as collateral for cryptocurrency derivatives trading on major exchanges like Binance, OKX, and Deribit. Partnering with brokerage firm Securitize, BlackRock aims to expand BUIDL’s use in derivatives markets, challenging stablecoins like Tether's USDT, which currently dominates collateral use. With crypto derivatives accounting for over 70% of total trading volume, this move could boost BUIDL’s role in the $3 trillion crypto derivatives market. Major brokers already accept BUIDL, which has a market cap of $547.7 million.
World Unveils New Layer-2 Network 'World Chain'
Worldcoin has successfully rebranded as simply “World” while launching its Ethereum layer-2 blockchain called World Chain. The new network prioritizes verified human users—those with World IDs obtained through iris scans—by giving them priority access to block space and free gas allowances. World Chain aims to improve efficiency and support the company’s Worldcoin (WLD) token. The platform will feature major apps like Optimism, Uniswap, and Alchemy. This launch aligns with World’s mission to solve identity issues and explore a universal basic income model via its WLD token.
NEWS FROM THE MELEGA ECOSYSTEM
4DC (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. Our platform was created to unite existing realities with a digitally enriched world, allowing users to explore, create, and interact in a new spectrum of experiences.
MelegaSwap Secures a New Marketing Partnership with Crypto Flowx Services
The partnership aims to maximize the presence of new projects on MelegaSwap, giving users more opportunities to obtain passive income from FARMs and POOLs.
Crypto FlowX Services represents the gateway to next-level crypto success! They power up Crypto, NFT, Web3, P2E, and DeFi projects with game-changing marketing strategies. From viral campaigns to cutting-edge promotions, they ensure a project dominates the market.
•••
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 #worldchain #Bitcoin❗

The world's view on cryptocurrency is complex and multifaceted, reflecting both the potential and the challenges of this rapidly evolving asset class. As cryptocurrency continues to mature and gain mainstream acceptance, it's important to consider the diverse perspectives and trends shaping its future. From increasing adoption and regulatory evolution to environmental concerns and technological innovation, the following thoughts capture the essence of the world's perspective on cryptocurrency

Here are some thoughts on the world's perspective on cryptocurrency:

1. *Increasing adoption*: More people and institutions are starting to understand and invest in cryptocurrency, leading to greater mainstream acceptance.
2. *Regulatory evolution*: Governments and financial regulatory bodies are beginning to establish clear guidelines and frameworks for cryptocurrency, legitimizing its presence in the financial landscape.
3. *Growing awareness*: The general public is becoming more aware of cryptocurrency and its potential benefits, driving interest and investment.
4. *Improving infrastructure*: The development of more robust and user-friendly infrastructure (e.g., exchanges, wallets, payment systems) is making cryptocurrency more accessible and usable.
5. *Institutional investment*: Traditional financial institutions and investors are entering the cryptocurrency market, bringing new capital and credibility.
6. *Decentralization and freedom*: Cryptocurrency is seen as a means to decentralize power and give individuals greater control over their financial lives.
7. *Volatility and risk*: Many still view cryptocurrency as a high-risk investment due to market fluctuations and potential security concerns.
8. *Environmental impact*: The energy consumption and environmental footprint of some cryptocurrency mining practices have raised concerns and sparked debate.
9. *Global unity*: Cryptocurrency has the potential to bridge geographical and cultural divides, enabling global financial inclusion and cooperation.
10. *Evolution and innovation*: The cryptocurrency space is constantly evolving, with new technologies and use cases emerging, driving innovation and progress.

These thoughts reflect the diverse perspectives on cryptocurrency, ranging from enthusiasm and adoption to skepticism and concern. As the world continues to grapple with the implications of cryptocurrency, its perspective will likely shift and evolve.
#CryptoPCEWatch #BinanceTournament #worldchain

World Chain Expands Layer 2 Offering with Across Integration
World Chain, backed by Sam Altman, announced a strategic partnership to streamline cross-chain transactions within Layer 2 networks. This project, blending artificial intelligence and crypto elements, has integrated Across into its ecosystem, enabling cost-effective transactions across EVM-compatible chains. Crypto enthusiasts now speculate if the price of Worldcoin (WLD) could reach $10 due to this progress.
Across Integration Simplifies Cross-Chain Transactions on World Chain
According to the official announcement on November 1, Across was integrated into the World Chain network to ensure affordable and secure cross-chain transfers. "This integration allows World Chain to expand into the broader Ethereum L2 ecosystem from day one," the announcement noted. This integration brings two key features to the network that attract users globally: the ability to create powerful cross-chain applications and seamlessly transfer ETH, wETH, USDC, and wBTC from other chains into this ecosystem.
World Chain now supports the ERC-7683 standard, developed in collaboration with Across and Uniswap, offering new possibilities for users. This news has sparked lively discussions in the crypto market, where many observers watch to see the impact this development may have on the coin’s price.
Can WLD Reach $10?
At the time of writing, the WLD price hovered around $1.93, marking a nearly 2% daily decline. The monthly chart showed a 15% increase, hinting at growth potential. Although some investors believe in the possibility of reaching the $10 price target, the current sentiment remains cautiously optimistic.
Achieving this target, however, may be challenging. According to data from Coinglass, the OI futures fell by 4% to $214.60 million, highlighting some uncertainty regarding the price goal.
A recent price analysis of WLD by CoinGape Media pointed out key levels the token would need to overcome to reach $10. These hurdles include surpassing the 200-day exponential moving average (EMA) and the resistance level around $3.00. The market continues to monitor how the token’s price will develop in light of this new advancement.

#worldchain , #Worldcoin , #DEFİ , #Altcoins👀🚀 , #WLD🔥🔥🔥

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“