The launch of spot Bitcoin exchange-traded funds (ETFs) in the United States caused a sell-off in crypto, but the ETF industry saw a successful first week of trading, despite Bitcoin's 6.6% tumble.
Meanwhile, Elon Musk's "everything app" X (formerly known as Twitter) has sparked speculation with the creation of a dedicated account for its upcoming payments feature.
With the ETF hangover over, attention now turns to the upcoming Bitcoin halving, which could be influenced by the recent ETF developments. 
At this point, let us direct our attention towards the most significant and compelling crypto stories of the week. There are further developments that may exceed your expectations.
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 14–JANUARY 20, 2024)
●      Trump Vows to Block Central Bank Digital Currency in Presidential Campaign
●      Ethereum's "Dencun" Upgrade Launches on Goerli Testnet, Overcomes Initial Bug
●      SEC vs. Terraform Labs Trial Delayed to March as Co-founder's Extradition Continues
●      ProShares Seeks Approval for New Bitcoin ETFs Amid Market Shift
●      FTX Founder's Parents Seek Dismissal in Lawsuit Over Alleged Exploitation
●      Trezor Security Breach Exposes 66,000 Users' Contact Information
Trump Vows to Block Central Bank Digital Currency in Presidential Campaign
Former President Donald Trump, during a campaign speech in New Hampshire, pledged to prevent the Federal Reserve from creating a central bank digital currency (CBDC) in the U.S. Trump emphasized the danger of such a currency, asserting it would grant the government absolute control over citizens' money. The announcement, which, with applause, highlighted Trump's commitment to safeguarding Americans from potential threats to freedom. 
This stance echoes a similar pledge by fellow Republican candidate Ron DeSantis, emphasizing the significance of the crypto movement in the 2024 presidential election.
Ethereum's "Dencun" Upgrade Launches on Goerli Testnet, Overcomes Initial Bug
The latest Ethereum network upgrade, "Dencun," has successfully debuted on the Goerli testnet. Despite a four-hour delay caused by a bug, Ethereum developer Parithosh Jayanthi swiftly addressed the issue, emphasizing the team's efficient debugging process. 
The Dencun upgrade, once applied to the mainnet, is poised to significantly reduce transaction costs on Ethereum layer 2s and introduce features like limited self-destruct operations, new bridge capabilities, and staking pools. Scheduled for further testing on Jan. 30 and Feb. 7, the mainnet implementation date remains undisclosed.
SEC vs. Terraform Labs Trial Delayed to March as Co-founder's Extradition Continues
A federal judge in the U.S. District Court for the Southern District of New York has postponed the SEC v. Terraform Labs trial to March 25, granting a request from co-founder Do Kwon to assist in his defense in person. 
Kwon, arrested in Montenegro for falsifying travel documents, faces charges related to a "multi-billion dollar crypto asset securities fraud." While it remains uncertain if Kwon will be released for the trial, pretrial motions have progressed, including a recent summary judgment in favor of the SEC regarding unregistered securities.
ProShares Seeks Approval for New Bitcoin ETFs Amid Market Shift
ProShares, a leading ETF issuer, aims to introduce leveraged and inverse Bitcoin ETFs in the wake of the recent launch of spot Bitcoin ETFs. The proposal includes five ETFs, such as Plus Bitcoin ETF and Ultra Bitcoin ETF, seeking daily returns linked to a 1.5x and 2x increase in the Bloomberg Galaxy Bitcoin Index. 
Notably, ProShares emphasizes these funds won't directly short Bitcoin but aim to benefit from price declines. The move follows the SEC's approval of the first 10 spot Bitcoin ETFs, marking a strategic shift for ProShares from futures-based to spot-based crypto ETFs.
FTX Founder's Parents Seek Dismissal in Lawsuit Over Alleged Exploitation
Joseph Bankman and Barbara Fried, parents of former FTX CEO Sam Bankman-Fried, are pushing for the dismissal of a lawsuit by FTX. They argue the suit attempts to leverage their connection to the ex-CEO rather than proving their knowledge or involvement in FTX's alleged misconduct. 
FTX had accused the parents of exploiting their influence for personal gain during the crypto exchange's bankruptcy. The defense contends that claims lack substance and should be dismissed for failure to demonstrate a plausible breach of fiduciary duty or fraudulent transfers.
Trezor Security Breach Exposes 66,000 Users' Contact Information
Cryptocurrency hardware wallet manufacturer Trezor has reported a security breach revealing the contact details of approximately 66,000 users. Unauthorized access to a third-party support portal was detected on January 17, impacting users who have interacted with Trezor's support team since December 2021. 
While the company assured that users' funds remained secure, at least 41 users received phishing emails requesting recovery seed information. Trezor emphasized the importance of notifying affected users promptly and reiterated that no recovery seed phrases were disclosed during the incident.
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#MelegaSwap #melega #ETH-ETF #FTXTrial #BNBChain⚡️

#BNBChain⚡️   users appear to be optimistic about the Layer 2 testnet for BNB chain scalability, which will be powered by Optimism, since if successful, #BNB chain security and scalability will be improved.

However, some investors argue that opbnb  may not have been the best scalability strategy to choose.

The big Question is...First and foremost:

Why does the BNB chain need to be scaled?

Despite the minimal transaction fee on the BNB chain, scaling the BNB chain is one method of improving network performance.

If you have been following me you will understand this update

Another question my followers have been asking me is this . Which coin should I bag 💰 #crypto2023 ?

Fig 1.0 is a binance exchange 💱 coins

I will say go bag 💰high in bnb and eth?

Disclaimer : Still go do your own research before bagging 💰high #dyor🙏

drop the coin you are bullish in below 👇

Binance Smart Chain (BSC) is a blockchain network built for running smart contract-based applications. It's developed by Binance, one of the largest cryptocurrency exchanges globally. BSC runs in parallel to #Binance 's native Binance Chain (BC), allowing users to get the best of both worlds: the high transaction capacity of BC and the smart contract functionality of BSC.

Furthermore, #BSC is #Ethereum Virtual Machine (EVM) compatible. Because of this, it launched with support for the rich universe of Ethereum tools and DApps. In theory, this makes it easy for developers to port their projects over from Ethereum. For users, it means that applications like MetaMask can be easily configured to work with BSC, which you can't do with Binance Chain.

BSC also introduces an innovative feature of cross-chain compatibility. The transfer of assets between BC and BSC is possible due to the native support of interoperability. Binance Coin #BNB is the native coin of Binance Smart Chain and is used for transaction fees and participatory processes such as staking and governance. #BNBChain⚡️

As with all financial dealings and investments, it's crucial to do your own research and understand the platform and its implications fully before using it. It's also worth mentioning that, while BSC provides a faster and cheaper alternative to Ethereum, it achieves this by using a model with fewer nodes, meaning it's more centralized than Ethereum, which could be a concern for some users.