This week, Bitcoin experienced a significant surge, reaching a peak of $73,500 during 
“Uptober,” although it has since dipped slightly below $70,000. Despite this, the cryptocurrency has seen a 3.33% increase over the past week. 
Meanwhile, Non-fungible tokens (NFTs) ended a seven-month decline, with an 18% rise in trading volume this October. After hitting a low in September, NFT activity is picking up, with October marking an 11% gain for Bitcoin. 
As the U.S. approaches Election Day, Donald Trump has urged his followers to support his campaign, promising to promote Bitcoin production in the U.S. 
Follow along for more insights 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 (October 27 - November 02, 2024)
●      Tornado Cash Co-Founder’s Trial Delayed Until April 2025
●      21Shares Joins Race for Spot XRP ETF Approval
●      Paxos and DBS Bank Launch Singapore-Compliant USDG Stablecoin
●      MicroStrategy Plans $42 Billion Bitcoin Acquisition in Ambitious "21/21" Initiative
●      BlackRock Bitcoin ETF Surpasses $30B, US ETFs Near 1M BTC Milestone
●      Kraken Announces Leadership Changes and Potential Layoffs
Tornado Cash Co-Founder’s Trial Delayed Until April 2025
Roman Storm, co-founder of Tornado Cash, will face trial in April 2025 for money laundering and sanctions violations. In a recent court hearing, Judge Katherine Polk Failla granted Storm an additional four months to prepare. Storm and fellow co-founder Roman Semenov were charged in 2023 with accusations, including operating an unlicensed money-transmitting business. This follows Tornado Cash's 2022 designation by the US Treasury as a risk for laundering cybercrime-related funds. Storm is free on a $2-million bond, while Semenov remains on the FBI’s most-wanted list.
21Shares Joins Race for Spot XRP ETF Approval
Asset manager 21Shares has filed with the U.S. SEC to launch a spot XRP ETF, joining Canary Capital and Bitwise in seeking approval. The proposed Core XRP Trust, submitted on Nov. 1, would be listed on the Cboe BZX Exchange, offering investors indirect exposure to XRP. Coinbase Custody Trust Company would serve as the custodian. While the SEC recently approved Bitcoin and Ether ETFs, it has yet to respond to spot XRP applications due to its ongoing legal case with Ripple Labs regarding XRP’s regulatory status.
Paxos and DBS Bank Launch Singapore-Compliant USDG Stablecoin
Paxos has introduced the Global Dollar (USDG), a US dollar-backed stablecoin compliant with Singapore’s Monetary Authority of Singapore (MAS) framework. Partnering with DBS Bank, Paxos ensures that USDG’s reserves are held in U.S. dollar deposits and short-duration government securities. Launched on Oct. 31, USDG aims to drive stablecoin adoption, catering to crypto ecosystems and regulated institutions. Initially available on Ethereum, USDG may expand to other blockchains. Paxos’ digital offerings include PayPal USD (PYUSD) and Pax Dollar (USDP).
MicroStrategy Plans $42 Billion Bitcoin Acquisition in Ambitious "21/21" Initiative
MicroStrategy, led by Michael Saylor, has unveiled a "21/21 plan" to raise $42 billion over three years for Bitcoin acquisitions. Announced on Oct. 30, the plan divides the funding into $21 billion from equity and $21 billion from fixed-income securities. This could secure approximately 578,586 BTC at current prices, or 2.7% of Bitcoin’s total supply. MicroStrategy aims to boost returns with a projected BTC yield of 6-10% between 2025 and 2027, enhancing its reputation as a prominent Bitcoin Treasury Company.
BlackRock Bitcoin ETF Surpasses $30B, US ETFs Near 1M BTC Milestone
BlackRock’s spot Bitcoin ETF has surpassed $30 billion in holdings, driven by surging demand for Bitcoin. Launched in January, the ETF now holds over 417,000 BTC. Bitcoin ETFs in the U.S. hold nearly 1 million BTC, with expectations to reach that milestone soon, making them among the world’s largest Bitcoin holders. This rapid growth may push Bitcoin prices to new highs, with some analysts forecasting a potential rise to $80,000 by year’s end, especially amid strong ETF inflows and favorable market conditions.
Kraken Announces Leadership Changes and Potential Layoffs
Kraken has appointed Arjun Sethi as co-CEO alongside David Ripley, signaling a significant managerial shakeup. The exchange aims to streamline its organizational structure, acknowledging past issues with layers of management and siloed profits. A report suggests that 15% of its workforce may be laid off, following a previous reduction of 30% in November 2022. This announcement coincides with a challenging week for the crypto industry, as other firms like Consensys and dYdX also announced substantial layoffs.
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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 #XRP_ETF #Kraken

Bitcoin is showing early signs of a bull run, with predictions of reaching $100,000 within three months.
Network economist Timothy Peterson noted that Bitcoin’s “ignition” for a new bull market has already started, with key support at $66,500 keeping bulls in control.
Analysts from Kraken suggest that as long as Bitcoin holds above this level, it may approach its previous all-time high of $73,800. With significant market developments, including potential interest from Microsoft, momentum appears strong for further gains.
Follow along as we more insights and key crypto news from the past week!
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 20 - October 26, 2024)
●       MicroStrategy Nears $50 Billion Market Cap as Investor Optimism Rise
●       US Government Crypto Wallet Compromised in $20M Hack, Attacker Returns Majority of Funds
●       Ripple vs. SEC: Court Clarifies XRP's Status in Institutional Sales
●       Microsoft Shareholders to Vote on Potential Bitcoin Investment Assessment
●       HBO Documentary Sparks Safety Fears for Peter Todd After Satoshi Nakamoto Claim
●       Trump Proposes Replacing Income Tax with Tariffs and Suggests Bitcoin to Offset National Debt
MicroStrategy Nears $50 Billion Market Cap as Investor Optimism Rise
MicroStrategy's stock surge has pushed its market cap to $43.35 billion, nearing a $50-billion milestone as investor enthusiasm grows. The company, now the 477th-most valuable globally, has seen its trading volume climb to 17.65% of Nvidia's in October, indicating heightened trading interest. Additionally, MicroStrategy's net asset value premium has reached its highest level since early 2021, supported by Bitcoin's stability around $68,000. These trends suggest potential for continued growth in MicroStrategy's market value.
US Government Crypto Wallet Compromised in $20M Hack, Attacker Returns Majority of Funds
On October 24, a hacker breached a U.S. government crypto wallet containing assets seized in the 2016 Bitfinex hack, draining $20 million. Arkham Intelligence reported that the attacker initially transferred funds, including USD Coin, Tether, and aUSDC, to launder through other addresses. However, within 24 hours, the hacker returned approximately 88% of the stolen assets, valued at $19.3 million, back to the government-controlled wallet. The incident underscores ongoing security challenges, amid an increase in major crypto-related hacks in October 2024.
Ripple vs. SEC: Court Clarifies XRP's Status in Institutional Sales
Ripple's legal battle with the SEC took another turn as the SEC appealed a court’s partial summary judgment that favored Ripple, particularly regarding XRP’s classification in institutional sales. The appeal did not challenge the court's ruling that XRP is not considered a security in programmatic sales on digital asset exchanges. Judge Analisa Torres' initial July 2023 ruling confirmed that XRP does not qualify as a security in this context, marking a significant legal clarification for Ripple and the broader cryptocurrency industry.
Microsoft Shareholders to Vote on Potential Bitcoin Investment Assessment
In December, Microsoft shareholders will vote on whether the company should publicly assess adding Bitcoin to its balance sheet. According to a filing with the U.S. Securities and Exchange Commission, the proposal, “Assessment of Investing in Bitcoin,” will be considered at a Dec. 10 meeting. However, Microsoft's board advises voting against the proposal, citing its current practice of evaluating diverse assets, including Bitcoin. Although Microsoft previously accepted Bitcoin payments for Xbox, it currently prioritizes AI technology over blockchain investments.
HBO Documentary Sparks Safety Fears for Peter Todd After Satoshi Nakamoto Claim
Peter Todd, a Canadian cryptographer, says he has gone into hiding after an HBO documentary aired on Oct. 9 suggesting he might be Bitcoin’s creator, Satoshi Nakamoto. The documentary, “Money Electric: The Bitcoin Mystery,” hinted at Todd’s identity as Nakamoto, ending with his ambiguous remark, “Well yeah, I’m Satoshi Nakamoto.” Todd denies the claim and argues that director Cullen Hoback misrepresented his comments, exposing him to safety risks. Hoback downplays the risks, yet Todd warns that such accusations can endanger those mistakenly linked to Nakamoto’s immense wealth.
Trump Proposes Replacing Income Tax with Tariffs and Suggests Bitcoin to Offset National Debt
Former President Donald Trump, appearing on the Joe Rogan Experience, proposed eliminating the federal income tax and funding the government through tariffs on imports, citing policies from the 1890s. Trump argued tariffs would protect domestic jobs and increase dollar demand. Additionally, he floated the idea of using Bitcoin to reduce the $35 trillion national debt, suggesting the US could repay creditors with Bitcoin assets. While critics warn of inflationary effects from tariffs and bureaucratic challenges in creating a Bitcoin reserve, Trump maintains these strategies could benefit the US economy.
NEWS FROM THE MELEGA ECOSYSTEM
CYBER CHESS (CBS) Farm & Pool Listed on MelegaSwap
CYBER CHESS is an innovative platform that combines the strategy of chess with the dynamics of cryptocurrencies. With 3D graphics, interactive arenas, and rewarding tournaments, we offer an immersive experience. Use $CBS to place bets in matches.
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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.
#melega #MelegaSwap #melegamarco #Bitcoin❗ #TrumpInCrypto

Welcome to another weekly crypto recap from Melega Finance. A new report reveals that over half a billion people have joined the cryptocurrency world by the end of 2023, marking a 34% increase from the previous year. Ether (ETH) ownership surged to 124 million users, while Bitcoin (BTC) ownership reached 296 million. 
However, Bitcoin (BTC) continued its struggles around $40,000 throughout the week. It briefly dipped below that level due to GBTC-linked selling on Coinbase, but managed to recover and surge to around $42,000 at the time of writing.
As the crypto market pulsated with anticipation and uncertainty, let us now turn our focus to the most riveting and consequential stories that unfolded throughout the week. Guess what? Most of 'em have something to do with regulations and legal stuff.
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 (JANUARY 21–JANUARY 27, 2024)
●      Former Binance CEO's Travel Request Denied Amidst Legal Troubles
●      Tornado Cash Co-founder Expresses Fear Ahead of Criminal Trial
●      Mt. Gox Trustee Progresses on Repayments; Emails Confirm Identity Verification
●      Terraform Labs, Behind Defunct TerraUSD, Files for Bankruptcy Protection
●      Lawyer Sentenced to 10 Years for OneCoin Money Laundering
●      SEC Delays Decision on BlackRock's Spot Ether ETF
Former Binance CEO's Travel Request Denied Amidst Legal Troubles
Former Binance CEO Changpeng Zhao sought to use his multibillion-dollar stake in Binance.US as security to travel to the United Arab Emirates temporarily for a family member's surgery. However, federal prosecutors opposed the request, and the court denied it. Zhao, facing money laundering charges, is currently on a $175 million bond in the U.S. and is prohibited from leaving the country until his sentencing on Feb. 23.
Tornado Cash Co-founder Expresses Fear Ahead of Criminal Trial
Roman Storm, co-founder of Tornado Cash, expressed fear about his upcoming criminal trial for charges including money laundering and violating the Economic Powers Act. In a plea for support, he emphasized the potential impact of the legal battle on software and privacy advocates. Storm's trial is set for September 2024, with ongoing financial support for his defense. The case is linked to Tornado Cash's alleged facilitation of North Korea-based hackers, prompting legal actions and appeals from crypto advocates against U.S. government sanctions.
Mt. Gox Trustee Progresses on Repayments; Emails Confirm Identity Verification
The trustee of Mt. Gox, a previously hacked cryptocurrency exchange, is advancing repayment efforts, reaching out to creditors for identity verification and account confirmation. Creditors are receiving emails regarding the completion of identity verification for accounts set to be used for Bitcoin and Bitcoin Cash repayments. 
Exchanges like Bitstamp are continuing to service Mt. Gox-related customers in specific countries despite ceasing operations in those jurisdictions. The trustee is also moving forward with bank account repayments, following reports of double payments in late 2023.
Terraform Labs, Behind Defunct TerraUSD, Files for Bankruptcy Protection
Do Kwon’s Terraform Labs, the company behind the now-defunct TerraUSD (UST) stablecoin, filed for Chapter 11 bankruptcy protection in the United States. The firm cited between $100 and $500 million in estimated liabilities and assets, and its CEO, Chris Amani, emphasized the community's resilience. This comes after the postponement of Kwon's fraud trial and amid speculation about his potential extradition to South Korea.
Lawyer Sentenced to 10 Years for OneCoin Money Laundering
A federal judge sentenced lawyer Mark Scott to 10 years in prison for his role in laundering millions of dollars through the OneCoin crypto scheme. Despite prosecutors seeking 17 years, Scott's legal team recommended 5 years. He expressed sympathy for OneCoin’s victims before being sentenced. Scott worked with OneCoin to launder funds at the direction of “Cryptoqueen” Ruja Ignatova, who remained at large. Other figures in crypto firms face similar legal consequences.
SEC Delays Decision on BlackRock's Spot Ether ETF
The United States Securities and Exchange Commission has postponed the decision on BlackRock's proposed spot Ether exchange-traded fund (ETF) one day before the deadline, citing the need for more time to review the proposed rule change. This marks the first of several delays that can be exercised over a 240-day period. The SEC must make a final decision on BlackRock's spot Ether ETF by August 7, with analyst predictions pointing to a final decision on all pending spot Ether ETFs in May.
NEWS FROM MELEGA ECOSYSTEM
WinZone (WZM) Farm & Pool Listed on MelegaSwap
WinZone is a gigantic metaverse full of exciting opportunities. There, you will have access to commercial environments, exciting jobs, talented streamers, and educational environments. Furthermore, WinZone Metaverse offers its incredible NFT collection, where you will be rewarded with USDT for time played or through the Rental System.
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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
#BlackRock
#ETH-ETF

This week was a mixed bag for the crypto world. On the bright side, the price of Ethereum-based memecoin Pepe reached new heights, and Ethereum itself saw a significant jump following the long-awaited approval of spot Ether ETFs in the US.
However, the crypto community mourned the loss of Kabosu, the Shiba Inu dog who became an internet sensation as the face of the "Doge" meme and inspired the Dogecoin memecoin. Kabosu passed away peacefully at an estimated age of 18.
Despite the somber news, the overall crypto market experienced a positive swing, with Bitcoin surpassing $71,000. We'll dive deeper into six intriguing developments you might have missed this week.
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 (@melegaexchange) on Twitter for more on all things cryptocurrency.
TOP CRYPTO NEWS RECAP (May 19–May 25, 2024)
●      SEC Approves Spot Ether ETFs, Paving Way for Broader Crypto Adoption
●      Vitalik Buterin Proposes Solutions for Ethereum’s MEV Problem
●      Trump Campaign to Accept Cryptocurrency Donations
●      US House Passes FIT21 Crypto Bill with Bipartisan Support
●      Uniswap Vows to Fight SEC Wells Notice, Supports Pro-Crypto Legislation
●      Gala Games CEO Cites Internal Control Failures for $23M Token Exploit
SEC Approves Spot Ether ETFs, Paving Way for Broader Crypto Adoption
The U.S. Securities and Exchange Commission (SEC) has approved multiple spot Ether ETFs, marking a significant milestone in cryptocurrency regulation. Unlike spot Bitcoin ETFs, which required a vote from the SEC's five-member committee, spot Ether ETFs were approved by the Trading and Markets Division.
Major firms, including VanEck, BlackRock, and Fidelity, received the green light for their ETF proposals. Despite this approval, these ETFs must still have their S-1 registration statements signed off by the SEC before trading can commence. This decision follows recent legislative moves aimed at clarifying crypto regulations.
Vitalik Buterin Proposes Solutions for Ethereum’s MEV Problem
On May 17, Ethereum co-founder Vitalik Buterin proposed several solutions to tackle ‌miner-extracted value (MEV), where block producers manipulate transaction orders for profit, causing network congestion and high gas fees.
Buterin suggested a combination of MEV quarantining, MEV minimization, inclusion lists, and lowering node requirements. MEV minimization aims to limit information accessible to MEV developers, while quarantining separates transaction validation from block content selection. Inclusion lists ensure all transactions are included in blocks. These measures aim to preserve Ethereum's decentralization and trust.
Trump Campaign to Accept Cryptocurrency Donations
Former President Donald Trump announced that his 2024 presidential campaign will accept cryptocurrency donations. His campaign launched a fundraising page on May 21, allowing contributions through Coinbase Commerce in various cryptocurrencies, including Bitcoin, Ether, and Dogecoin.
This move comes as Trump remains the presumptive Republican nominee and prepares for potential debates with President Joe Biden, the likely Democratic nominee. Despite this crypto-friendly fundraising approach, Trump’s campaign platform does not explicitly address digital assets or blockchain technology.
US House Passes FIT21 Crypto Bill with Bipartisan Support
The U.S. House of Representatives approved the Financial Innovation and Technology for the 21st Century (FIT21) Act to provide regulatory clarity over digital assets. The bill passed with a 279 to 136 vote and received support from 71 Democrats and 208 Republicans. If enacted, it would define the roles of the SEC and CFTC in regulating digital assets.
While proponents argue it promotes innovation, opponents, including Representative Maxine Waters, warn it could lead to deregulation and potential financial instability. The Senate will now consider the bill.
Uniswap Vows to Fight SEC Wells Notice, Supports Pro-Crypto Legislation
Uniswap Labs, the developer behind the Uniswap decentralized exchange, has vowed to contest a Wells notice issued by the SEC, which suggests potential enforcement action. Uniswap criticized the SEC's legal stance as "weak" and expressed readiness to defend itself in court.
The firm highlighted its legal team's success in previous cases against the SEC. Uniswap also backed the Financial Innovation and Technology for the 21st Century Act, a bill that could shift crypto regulation from the SEC to the CFTC, potentially nullifying the SEC's case.
Gala Games CEO Cites Internal Control Failures for $23M Token Exploit.
Gala Games CEO Eric Schiermeyer confirmed a security breach that led to the unauthorized sale of 600 million GALA tokens worth $23 million. Schiermeyer blamed "messed up" internal controls for the incident. The breach also involved the effective burn of 4.4 billion tokens. Despite the compromise, Gala's Ethereum contract remained secure.
The company collaborates with the FBI and other authorities to investigate the incident. The security breach caused a significant drop in GALA's value, which has since partially recovered. However, the attacker returned $22 million in Ether after a few days of the incident.
NEWS FROM MELEGASWAP
Melega (Marco) Burn Event Completed
We are excited to announce that we have successfully completed the BURN EVENT for 10 million $MARCO tokens on the BNB Chain, which is approximately worth $500,000. This event is part of an important development underway on the MelegaSwap Platform, expanding to multiple chains. The $MARCO token will be launched in the next few days on the BASE chain. Here’s the transaction hash.
MARCO Presale Started on Base Chain
We are excited to announce the PRESALE of $MARCO on BASE CHAIN, which started on May 23, 2024, on GemPad. MELEGA (MARCO) is the flagship utility token of MelegaSwap, the rapidly growing black AMM DEX on the BNB Smart Chain that is now expanding on the BASE Chain. The soft cap was smashed and doubled in seconds.
PLUNZ (PLZ) Farm & Pool Listed on MelegaSwap
Introducing PLUNZ, the meme token with a twist! Fronted by a quirky blue sewer rat with braces, PLUNZ offers a unique staking model rewarding holders with USDT. Perfectly balanced tokenomics and a total community-driven approach ensure engaging and lucrative participation.
BOOTYCOIN (BUTT) Farm & Pool Listed on MelegaSwap
BOOTYCOIN is a simple, hyper-deflationary, and low-tax reflection token.  The contract is renounced with a locked LP until the year 2100.
BabyFox (BABYFOX) Farm & Pool Listed on MelegaSwap
BABYFOX is a memecoin dedicated to its community; our objective is to put the community at the heart of the project at the center of power and decisions, all this in total transparency with these investors. Utility NFTs, which will give the right to make decisions + an annual return, will be released at the beginning of June, a multichain swap (fox swap) auto burn at the end of June, and later in the coming months, we will work on a play to earn, a staking platform and a metaverse. our goal beyond crypto is to take the BABYFOX brand beyond the world of cryptocurrency
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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 #ETHETFsApproved #melegamarco #melega #TrumpCryptoSupport

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.
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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 #CZ #Stellar #FTX

This week was tough for the global crypto market, with Bitcoin dropping by over 4.48%. It plummeted from over $70,000 to around $65,000 before stabilizing at approximately $66,000 by press time. This decline had a ripple effect across the crypto industry, causing losses for most major altcoins. However, Toncoin (TON) defied the trend, experiencing a significant 10% increase over the week.
On a more positive note, former United States President Donald Trump vowed to end President Joe Biden’s "war on crypto" if he is elected this year, making this announcement during a speech on his birthday. 
To ensure you’re up-to-date with the latest in the crypto world, we’ve compiled the top cryptocurrency stories of the past week. In this recap, we delve into six key developments you might have missed, covering both the highs and lows in the ever-evolving crypto market.
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 (@melegaexchange) on Twitter for more on all things cryptocurrency.
TOP CRYPTO NEWS RECAP (June 9-15, 2024)
●      SEC Chair Signals Spot Ether ETF Approval by Summer 2024
●      Terraform Labs Settles SEC Lawsuit for $4.47B
●      Trump Pledges to End Biden’s "War on Crypto"
●      Nigerian Officials Drop Some Charges Against Binance Executive
●      MicroStrategy Upsizes Debt Offering to Buy More Bitcoin
●      Tether Plans $1B Investment in AI and Biotech
SEC Chair Signals Spot Ether ETF Approval by Summer 2024
SEC Chair Gary Gensler indicated that approvals for spot Ether ETFs could be finalized by the summer of 2024. During a June 13 Senate Banking Committee hearing, Gensler stated the SEC might approve S-1 registration statements for these ETFs within three months. Although analysts had anticipated Ether ETFs to trade by June, the SEC has not confirmed an exact date. Earlier, the SEC approved 19b-4 filings from eight companies, but S-1 approvals are needed for trading to commence.
Terraform Labs Settles SEC Lawsuit for $4.47B
Terraform Labs will pay $4.47 billion to settle a civil lawsuit with the SEC following its 2022 collapse. The settlement includes $3.6 billion in disgorgement, $420 million in civil penalties, and $467 million in prejudgment interest. Former CEO Do Kwon is liable for $204 million, covering various penalties. The case stemmed from the Terra ecosystem's collapse, which led to $40 billion in investor losses. Kwon's extradition remains uncertain as courts in Montenegro continue deliberations.
Trump Pledges to End Biden’s "War on Crypto"
Former U.S. President Donald Trump vowed to end President Joe Biden's "war on crypto" if re-elected during a speech in West Palm Beach on his 78th birthday. Trump emphasized making the U.S., particularly Florida, a hub for Bitcoin and crypto activities. He criticized Biden's stance on crypto, asserting that the U.S. would dominate the crypto industry under his leadership. This is because Florida is recognized for its favourable crypto tax policies, bolstering Trump’s promise to enhance its crypto presence.
Nigerian Officials Drop Some Charges Against Binance Executive
Nigerian authorities have dropped tax charges against detained Binance executive Tigran Gambaryan and his colleague Nadeem Anjarwalla. However, they still face money laundering charges from Nigeria's Economic and Financial Crimes Commission, with the case resuming on June 20. Gambaryan's health remains a concern after collapsing in court due to malaria and reportedly suffering from pneumonia. His family criticized the charges as "bogus" and called for his release, highlighting delays in medical care by prison authorities.
MicroStrategy Upsizes Debt Offering to Buy More Bitcoin
MicroStrategy announced a $700-million debt offering due in 2032, up from the initial $500 million, to purchase more Bitcoin. The notes, sold privately to institutional buyers under Rule 144A, will bear 2.25% interest and mature on June 15, 2032. The firm plans to use the estimated $687.8 million net proceeds to acquire additional Bitcoin, adding to its current 214,400 BTC valued at $14 billion. This move underscores MicroStrategy’s aggressive strategy to enhance its Bitcoin holdings.
Tether Plans $1B Investment in AI and Biotech
According to CEO Paolo Ardoino, stablecoin giant Tether plans to invest $1 billion in emerging markets, AI, and biotech within the next year. This move follows Tether’s $2 billion investment in similar technologies over the past two years. Tether's venture capital arm evaluates hundreds of pitches monthly and offers AI computing to invested firms. Ardoino emphasized Tether's focus on tech that reduces reliance on traditional finance and Big Tech, highlighting a distinct investment strategy.
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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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In a week marked by both progress and volatility, several leading digital assets experienced significant fluctuations. Among them, BNB, the native token of the BNB Chain, set a new all-time high of $720 on June 6 but has since dipped to around $680. 
Notably, this surge in BNB's value coincided with the news that Binance founder and former CEO Changpeng "CZ" Zhao had been transferred to a federal prison in California to serve a four-month sentence related to money laundering charges.
In a contrasting development, Keith Gill, known as Roaring Kitty and the trader behind the GameStop (GME) meme stock frenzy, grabbed the spotlight with his first YouTube livestream in three years. His return is believed to have contributed to the rally surrounding meme coins, with some experiencing triple-digit gains.
Now, we have compiled the top cryptocurrency stories of the past week to help you stay up-to-date with the latest happenings in the ever-evolving crypto market. In this recap, we explore six intriguing developments you might have missed.
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 (@melegaexchange) on Twitter for more on all things cryptocurrency.
TOP CRYPTO NEWS RECAP (June 1-8, 2024)
●      Telegram Unveils In-App Currency "Stars" for Mini-App Purchases
●      Robinhood Acquires Bitstamp to Boost US Institutional Crypto Trading
●      SEC Chair Hints at Potential Delay in Spot Ether ETF Approvals
●      New Law Grants US President Authority to Block Digital Asset Access
●      Trump Aims to Be "Crypto President" in 2024 Campaign
●      Vitalik Buterin Criticizes Celebrity Memecoins for Lacking Substance
Telegram Unveils In-App Currency "Stars" for Mini-App Purchases
Telegram launched "Stars," a new digital currency for buying things within its mini-apps. Developers can exchange Stars for Toncoin, Telegram's cryptocurrency, and receive a 70% revenue share on purchases. Telegram even subsidizes ads bought with Stars to help developers avoid app store commissions. This aims to attract businesses to build on Telegram's platform.
Robinhood Acquires Bitstamp to Boost US Institutional Crypto Trading
Robinhood is acquiring Bitstamp for $200 million to expand its cryptocurrency offerings, specifically targeting institutional clients in the US. Despite facing a Wells notice from the SEC in May, Robinhood plans to finalize the deal by mid-2025. The acquisition aims to meet customer demand for more crypto products and integrate Bitstamp’s institutional services, like lending and staking. Bitstamp will maintain its branding post-acquisition.
SEC Chair Hints at Potential Delay in Spot Ether ETF Approvals
SEC Chair Gary Gensler indicated a potential delay in approving spot Ether ETFs, suggesting that the final decision might take months. Despite approving 19b-4 filings for several major firms, the SEC has yet to finalize the listing and trading of these ETFs. Gensler's comments reflect ongoing caution towards cryptocurrency regulations. The SEC's stringent stance remains unchanged as it continues legal actions against major crypto firms while dealing with its own legal challenges.
New Law Grants US President Authority to Block Digital Asset Access
A new U.S. law gives the president unprecedented power to block access to digital assets, causing significant concern about its broad implications. The law allows the president to ban transactions involving foreign entities linked to terrorism, potentially forcing users onto regulated, KYC-compliant blockchains. Critics argue this could centralize control over digital assets, undermining user freedom. The legislation's sweeping scope has been described as a strategic move to enhance governmental oversight of digital financial transactions.
 
Trump Aims to Be "Crypto President" in 2024 Campaign
At a San Francisco fundraiser, former U.S. President Donald Trump declared his goal to become the “crypto president,” raising $12 million for his 2024 campaign. Trump emphasized his support for the cryptocurrency industry, which contrasted with the Democratic Party's regulatory stance. This announcement follows recent criticisms of President Joe Biden’s crypto policies. Trump reiterated the importance of the U.S. leading in the crypto sector, expressing optimism and support for crypto companies.
Vitalik Buterin Criticizes Celebrity Memecoins for Lacking Substance
Vitalik Buterin, the Ethereum co-founder, expressed dissatisfaction with the recent surge of celebrity meme coins, urging projects to have meaningful societal value. He praised initiatives like Ashton Kutcher and Mila Kunis' Stoner Cats for funding actual content, contrasting them with the 2024 meme coin trend. Buterin advocates for projects with long-term impact and public benefits beyond enriching celebrities. His comments followed the release of Iggy Azalea’s MOTHER token amidst wider celebrity token launches and controversies.
NEWS FROM MELEGASWAP
JIMBO (JIMBO) Farm & Pool Listed on MelegaSwap
The story starts from where Jimbo was born. The world needs heroes, and Jimbo is about to become one in the world of cryptos. Jimbo started as small as possible to build a story about how to become 10000X—a story that everyone dreams of, a story that will be told.
Wrapped KFX (wKFX) Farm & Pool Listed on MelegaSwap
KnoxFS, founded in 2018, is developing digital products focusing on decentralized file storage, data security, and privacy using IPFS and Storj. Users can pay and earn wrapped KFX tokens on all products. Other products are in the pipeline, and third-party software owners can join the ecosystem. It has a genuine project, real products, and revenue with a smart contract audited by Solidproof.
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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 #ETHETFS #CelebrityMemeCoins