This week, the cryptocurrency market faced fresh volatility as Bitcoin (BTC) hit multi-month lows on May 1. Despite the upcoming Bitcoin halving event and increased institutional adoption, which typically point to a potential price rally, Bitcoin's value has fallen around 15% from its all-time high. 
Although this level of correction is in line with previous bull market cycles, analysts warn that Bitcoin could still drop to the $50,000 mark in the near future based on historical patterns. 
As usual, we have a recap of the top news and developments in the decentralized finance space that you won't want to miss. Let’s get into them.
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 (April 28-May 4, 2024)
●      Former Binance CEO Changpeng Zhao Sentenced to Four Months in Prison for Money Laundering Violations
●      Trader Loses $68 Million in Cryptocurrency Scam
●      Terraform Labs and Do Kwon Face a Potential Financial Blow Following Fraud Verdict
●      The Ongoing Backlash Against Binance.US: 6th License Pulled by Oregon
●      Hong Kong Crypto ETFs Attract Over $200 Million on Debut
●      "Bitcoin Jesus" Roger Ver Arrested for $48 Million Tax Evasion
Former Binance CEO Changpeng Zhao Sentenced to Four Months in Prison for Money Laundering Violations
Former Binance CEO Changpeng "CZ" Zhao has been sentenced to four months in prison for violating U.S. money laundering laws. Zhao pleaded guilty to the charges in November 2022 and had been free on a $175 million bond. 
The judge rejected prosecutors' recommendation of a three-year sentence, stating there was no evidence Zhao was aware of specific illegal activities at Binance. Zhao apologized for Binance's failure to implement an effective anti-money laundering program and will report to prison at a later date.
Trader Loses $68 Million in Cryptocurrency Scam
An unknown crypto trader fell victim to an address-poisoning scam, losing a staggering $68 million worth of Wrapped Bitcoin (WBTC). This attack involved the scammer sending a small transaction to the victim's wallet using an address resembling the intended recipient's. 
In a moment of carelessness, the trader sent their entire WBTC holding to the scammer's address, resulting in a loss of over 97% of their assets. This incident highlights the dangers of address-spoofing scams and the importance of vigilance when conducting crypto transactions.
Terraform Labs and Do Kwon Face a Potential Financial Blow Following Fraud Verdict
Terraform Labs and Do Kwon face a potential financial blow following their fraud verdict. In May, a US court will hear arguments for proposed remedies, with the SEC seeking a staggering $5.3 billion in penalties, while Terraform argues for a mere $1 million. This vast discrepancy highlights the severity of the SEC's case against Kwon and his company, whose bankruptcy proceedings are already underway. Kwon's presence at the hearing remains uncertain due to his ongoing extradition battle in Montenegro.
The Ongoing Backlash Against Binance.US: 6th License Pulled by Oregon
Oregon has become the sixth state to revoke, suspend or decline to renew Binance.US's license to operate, following similar actions by five other states. This comes after Binance's former CEO Changpeng Zhao pleaded guilty to felony charges related to Anti-Money Laundering laws. 
Binance.US is also facing a lawsuit from the U.S. Securities and Exchange Commission (SEC) and has faced difficulties in finding U.S. banks willing to work with the exchange, leading to significant layoffs.
Hong Kong Crypto ETFs Attract Over $200 Million on Debut
Hong Kong's debut of spot Bitcoin and Ether exchange-traded funds (ETFs) on April 30th has attracted over $200 million in total assets. The Bosera HashKey and ChinaAMC ETFs have accumulated $71.94 million and $123.61 million, respectively, in assets under management. 
While smaller than their U.S. counterparts, the Hong Kong crypto ETFs have received positive investor sentiment, with 76.9% of crypto-knowledgeable respondents planning to invest. However, access is currently limited to Hong Kong residents, excluding mainland Chinese investors.
"Bitcoin Jesus" Roger Ver Arrested for $48 Million Tax Evasion
Early Bitcoin investor Roger Ver, known as "Bitcoin Jesus," has been arrested in Spain and charged with evading nearly $50 million in taxes. He allegedly failed to report capital gains from selling Bitcoin, resulting in a major loss to the US Internal Revenue Service. US authorities plan to extradite him to face trial.
NEWS FROM MELEGASWAP
MelegaSwap V2 is LIVE!
It is with great pleasure that we announce the update of the MelegaSwap platform. In its V2 version, in addition to updated tools for using swap and liquidity, MelegaSwap is ready to become a multichain platform.
BaseChain, Ethereum Chain, Polygon Chain, and Solana Chain are some of the implementations that have already been scheduled. Other big news will be announced soon. Stay with us.
Farmer coin (FARM) Farm & Pool Listed on MelegaSwap
Farmer Coin is a project dedicated to supporting all operators and workers in the agricultural sector. It is designed to bring the value and importance of agricultural work to blockchain in order to support the sector and its operators with the new opportunities offered by digital asset technology. The Farmer Coin Project is conceived and launched by a transparent UK company
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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 #binanceus #BTC #CZBİNANCE

The U.S. budget might be getting a makeover with blockchain. Robert F. Kennedy Jr., the candidate running for president, wants to put the entire U.S. budget on the blockchain.
This wild idea would make the budget more transparent, and every American would check any budget item anytime they wanted.
On a different note, the 4th Bitcoin halving happened last week, but the price of BTC hasn't made any crazy moves. Still, some experts believe it'll eventually hit $100k or even $1 million.
And, as usual, there's been a lot of legal and regulatory action in the crypto world this week. Follow along as we delve into the top six news stories we found most interesting over the last seven days
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 (April 21–April 27, 2024)
●      Do Kwon Challenges Court Decision on Extradition in Montenegro
●      SEC Delays Decision on Franklin Templeton’s Ether ETF
●      Mt. Gox Updates Repayment Schedule for Creditors
●      Samourai Wallet Co-Founders Arrested on Money Laundering and Licensing Charges
●      U.S. Prosecutors Seek 36-Month Sentence for Binance Founder Changpeng Zhao
●      Crypto Groups Sue SEC Over Expanded "Dealer Rule"
Do Kwon Challenges Court Decision on Extradition in Montenegro
Do Kwon, co-founder of Terraform Labs, has appealed a Montenegrin high court's decision that could allow the Justice Minister to decide his extradition to the U.S. or South Korea. Kwon's legal team contends the ruling is "unfounded and illegal." The extradition issue has been entangled in the Montenegrin judicial system, shifting between various courts as Kwon faces charges related to Terraform's collapse.
SEC Delays Decision on Franklin Templeton’s Ether ETF
The SEC has extended its deadline to June 11 to decide on Franklin Templeton's application for a spot in Ether ETF on the Cboe BZX Exchange. This additional 45-day period allows the commission more time to review the proposal to list and trade shares of the Franklin Ethereum Trust, following their previous landmark approval of spot Bitcoin ETFs.
Mt. Gox Updates Repayment Schedule for Creditors
Mt. Gox creditors now have updated information on their claims accounts, detailing the expected Bitcoin, Bitcoin Cash, and fiat repayments. This update, reflecting entries of both completed and pending repayments, marks significant progress in the long-awaited compensation process. The updates signal upcoming disbursements, continuing the rehabilitation efforts following the platform's collapse because of a massive security breach in 2014.
Samourai Wallet Co-Founders Arrested on Money Laundering and Licensing Charges
The co-founders of Samourai Wallet, a cryptocurrency mixer, were arrested by the U.S. Department of Justice for allegedly facilitating over $100 million in money laundering through illegal transactions totaling $2 billion. CEO Keonne Rodriguez and CTO William Hill face charges of money laundering and operating an unlicensed money-transmitting business. Their arrests on April 24 led to a sharp downturn in cryptocurrency markets, highlighting increased regulatory scrutiny on crypto mixers.
U.S. Prosecutors Seek 36-Month Sentence for Binance Founder Changpeng Zhao
U.S. prosecutors have recommended a 36-month prison sentence for Binance founder Changpeng Zhao following his guilty plea for money laundering charges. This sentence, which exceeds federal guidelines, along with a $50 million fine, is deemed necessary to address the severity of Zhao’s actions. Zhao’s sentencing is scheduled for April 30.
Crypto Groups Sue SEC Over Expanded "Dealer Rule"
The Blockchain Association and the Crypto Freedom Alliance are suing the SEC to challenge the expanded "Dealer Rule," which they claim stifles U.S. digital asset market innovation. They argue the SEC exceeded its authority with the rule's broad definition, creating an onerous regulatory framework that could drive digital asset companies overseas and deter American innovation. They seek to overturn this expansion under the Administrative Procedure Act. 
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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 #cz_binance #SamouraiWallet
 

Bitcoin's recent fourth halving, which took place on April 19, has sparked anticipation of a potential price surge in the coming months. This event, combined with the emergence of spot Bitcoin exchange-traded funds (ETFs), has led to speculation about the possibility of the 'most bullish' Bitcoin cycle yet, based on historical chart patterns.
The aftermath of the halving has generated numerous forecasts regarding Bitcoin's price trajectory in the near future, creating a sense of anticipation and uncertainty in the market.
This week's notable developments include Binance's introduction of the 'Megadrop' for enhanced Web3 engagement; Hedgey Finance's unfortunate loss of $44 million due to exploits across two networks; the conviction of a perpetrator involved in fraud and market manipulation on Mango Markets; and some more.
So, let's delve into these developments that you simply can't afford to overlook!
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 (April 14–April 20, 2024)
●      Bitcoin Successfully Undergoes Fourth Halving, Slashing Miner Rewards
●      Binance Introduces 'Megadrop' for Enhanced Web3 Engagement
●      Hedgey Finance Suffers $44 Million in Exploits Across Two Networks
●      Mango Markets Exploiter Convicted of Fraud and Market Manipulation
●      U.S. Senators Propose Regulatory Framework for Stablecoins
●      Hong Kong Launches First Bitcoin and Ether Spot ETFs
 
Bitcoin Successfully Undergoes Fourth Halving, Slashing Miner Rewards
Bitcoin has completed its fourth halving event on April 19th, 2024, reducing the block reward from 6.25 BTC to 3.125 BTC. This milestone, occurring every 210,000 blocks, aims to manage scarcity and influence the cryptocurrency’s inflation rate. However, the immediate impact was subdued, with bitcoin's price remaining stable around $64,000.
With more than 19.5 million Bitcoins mined and less than 1.5 million left to mine, the halving potentially sets the stage for price increases, influenced by reduced supply and continued demand. Notably, expert forecasts suggest a bullish outlook for Bitcoin's future price, possibly reaching between $100K and $175K.
Binance Introduces 'Megadrop' for Enhanced Web3 Engagement
Binance has launched a new program called "Megadrop," offering early access to Web3 rewards through a combination of airdrops and quests. This loyalty platform allows users to stake Binance’s BNB token and engage in activities to earn rewards before the official project launches on Binance Exchange. Megadrop differentiates itself by encouraging long-term participation and increasing rewards with prolonged user engagement.
Hedgey Finance Suffers $44 Million in Exploits Across Two Networks
Hedgey Finance, a DeFi platform, has experienced two major security breaches, resulting in a combined loss of $44.7 million. The platform was first exploited for $42.8 million in ARB tokens on the Arbitrum network and subsequently for $1.9 million on the Ethereum network. The funds from the Arbitrum exploit have been partially moved to the Bybit exchange. Hedgey is currently investigating these vulnerabilities with the help of auditors.
Mango Markets Exploiter Convicted of Fraud and Market Manipulation
Avraham "Avi" Eisenberg has been convicted of wire fraud, commodities fraud, and commodities manipulation following a jury trial. He exploited Mango Markets for $110 million, of which he returned $67 million following a community vote. Eisenberg now faces up to 20 years in prison, with sentencing scheduled for July 29. The verdict follows his arrest and pre-trial detention since January 2023.
U.S. Senators Propose Regulatory Framework for Stablecoins
Senators Kirsten Gillibrand and Cynthia Lummis have introduced the Lummis-Gillibrand Payment Stablecoin Act, aiming to regulate the issuance and use of payment stablecoins. The bill mandates one-to-one reserves for issuers, prohibits unbacked, algorithmic stablecoins, and establishes both state and federal regulatory frameworks to prevent illicit uses and ensure proper custody practices, addressing concerns over the stability and security of digital currencies.
Hong Kong Launches First Bitcoin and Ether Spot ETFs
Hong Kong has approved its first spot exchange-traded funds (ETFs) for Bitcoin and Ether, allowing at least three local asset managers to issue these products. Unlike the cash-create model used in the U.S., these ETFs will operate on an in-kind creation basis, where new shares can be issued directly using Bitcoin and Ether. This model is expected to enhance market liquidity and stability.
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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 #btchalvingcarnival #BinanceMegadrop #BNBchain

Guess what? In just 10 days, Bitcoin ($BTC ) is about to go through a big change called halving. It's currently trading at around $63,000, and some analysts are predicting a huge surge in price after the halving. They're saying it could go up by over 160%, which would mean a price of $150,000 or even higher!
We must also mention this; the crypto market had a rough weekend. The market cap took a hit, losing more than 6%, and Bitcoin briefly touched $61,593 after a 7-day high of over $72,000. Yikes! In just 24 hours, a whopping $871.88 million in leveraged positions got wiped out.
In other news, Bitcoin is dominating the market more than it has in the last three years, while other cryptos (altcoins) are struggling after a recent price drop in Bitcoin.
But here's where things get interesting: some people think that altcoins might be about to have their moment, a time when their prices go up significantly.
Even with all the talk about regulations, Bitcoin's halving and the possibility of altcoins going crazy make this an exciting week in the crypto world. So, let’s talk about some updates you can’t afford to miss!
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 (April 7–April 13, 2024)
●      SEC Issues Wells Notice to Uniswap, Citing Regulatory Concerns
●      Coinbase Seeks Court Review on Key Legal Question in SEC Lawsuit
●      Sam Bankman-Fried Appeals 25-Year Sentence and Conviction
●      Voyager Digital Secures $484M for Creditor Repayment Amid Bankruptcy
●      Potential Shift in Senate Banking Committee's Crypto Stance, Says Senator Lummis
●      1inch Launches Crypto Debit Card with Mastercard and Baanx
SEC Issues Wells Notice to Uniswap, Citing Regulatory Concerns
The U.S. Securities and Exchange Commission (SEC) has issued a Wells notice to Uniswap Labs, signaling potential enforcement action. The notice concerns Uniswap's decentralized exchange platform, which operates on the Ethereum blockchain, enabling token swaps without traditional intermediaries. 
Uniswap's chief legal officer, Marvin Ammori, expressed disappointment and criticized the SEC for lack of clarity and guidance, despite the platform's argument that it does not meet the legal definitions of a securities exchange or broker.
Coinbase Seeks Court Review on Key Legal Question in SEC Lawsuit
Coinbase has requested an interlocutory appeal to address a critical legal question in their ongoing lawsuit with the SEC, arguing that an investment contract requires post-sale contractual obligations, contrary to the SEC's position. 
This appeal could significantly influence the lawsuit's outcome, as resolving this question might dispose of the SEC’s principal claims against Coinbase. The request was made after a motion to dismiss the case was denied.
Sam Bankman-Fried Appeals 25-Year Sentence and Conviction
Sam Bankman-Fried has officially filed an appeal against his conviction and 25-year prison sentence handed down for seven felony charges related to his role in the collapse of cryptocurrency exchange FTX. The appeal was submitted nearly two weeks after his sentencing, which also included an $11 billion forfeiture order. The appeal process will be handled by the Second Circuit Court of Appeals.
Voyager Digital Secures $484M for Creditor Repayment Amid Bankruptcy
Bankrupt cryptocurrency firm Voyager Digital has secured $484 million to partially repay its creditors, representing about 25% of their total claims. This fund mainly comes from a settlement with FTX, contributing approximately $450 million. The funds are expected to be disbursed soon, providing significant financial relief to creditors affected by Voyager's Chapter 11 bankruptcy proceedings initiated in July 2022.
Potential Shift in Senate Banking Committee's Crypto Stance, Says Senator Lummis
Senator Cynthia Lummis highlighted that the upcoming elections could pivot the Senate Banking Committee's current anti-crypto stance to a more favorable position. Speaking at the Bitcoin Policy Summit, Lummis noted the critical nature of the elections, particularly in Ohio, where a blockchain entrepreneur is challenging the committee's current chair, a known crypto skeptic. This shift could significantly influence the future regulatory environment for cryptocurrency in the U.S.
1inch Launches Crypto Debit Card with Mastercard and Baanx
1inch Network has introduced a new crypto debit card in collaboration with Mastercard and Baanx. This card enables direct cryptocurrency-to-fiat transactions at ATMs and point-of-sale locations. It offers both physical and virtual card functionalities, facilitating easier and quicker crypto payments by bypassing traditional currency conversion steps. Initially available in the UK and European economic areas, plans for wider global expansion are underway.
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Risk warning: Cryptocurrency investment or trading is subject to high market risk. Hence, you might lose your money in the process. Please do adequate research and plan your investments cautiously. We at MelegaSwap will always make the best efforts to list high-quality and potential coins, but we will not be responsible for your losses.

#MelegaSwap #melega #BTC🔥🔥🔥🔥🔥🔥 #Uniswap’s #SBFSentencing

The cryptocurrency world is constantly evolving and relies on innovation and consistent trading activity. However, many projects struggle to maintain momentum during periods of low volume. In an attempt to disrupt this pattern, NewYorkNewYorkCoins (NYNYC) has introduced a strategic approach that benefits both the project and its holders.
MelegaSwap, as one of the leading Web3 ecosystems that is passionate about innovation in the blockchain space, is proud to announce the listing of the NYNYC token on our native DEX. This listing creates new opportunities for users to participate in farming and pooling, generating passive income for all enthusiasts. 
Let's delve into this exciting new listing on MelegaSwap and explore its farming and pooling opportunities.
What is the Problem NewYorkNewYorkCoins (NYNYC) Solves?
One of the biggest challenges faced by cryptocurrency projects is maintaining consistent trading volume. This can be particularly detrimental during periods of low activity, hindering marketing efforts and project development. NYNYC tackles this issue head-on by strategically allocating a portion of its marketing wallet to yield-generating assets. 
This ensures a steady stream of income that can be used to fuel further development and marketing initiatives, even when trading volume dips. Additionally, NYNYC allows users to mine Binance Coin (BNB) by holding at least 50,000 NYNYC tokens in their Metamask wallet. This means that NYNYC has implemented a mechanism where users can earn BNB tokens as a reward just for holding NYNYC. This innovative technique allows users to make more exciting passive income without any technical knowledge.
Moreover, the NYNYC team has a clear vision for the project's future, outlined in a comprehensive roadmap. Their primary focus is on integrating more assets into their platform while simultaneously expanding their global reach. The user experience is a top priority, with the team committed to continuous improvement and the addition of new features. In addition, NYNYC is actively forging partnerships and collaborations to unlock the token's full potential.
The roadmap details the development of a non-fungible token (NFT) launch platform that leverages the power of artificial intelligence (AI) and blockchain technology. This will be the first of many utilities offered by NYNYC. The team plans to further expand the platform's functionality by incorporating staking, BNB mining, play-to-earn games, and additional NFT collections.
MelegaSwap: Your Gateway to NYNYC Farming and Pool Opportunities
MelegaSwap is a decentralized exchange (DEX) that empowers users to participate in liquidity pools, staking, and yield farming. By listing NYNYC, MelegaSwap opens doors for NYNYC holders to generate passive income through farming and staking.
You can leverage this powerful DEX in multiple ways. First of all, you can stake your liquidity provider (LP) tokens, which represent your share of a trading pool on MelegaSwap, to earn $MARCO, MelegaSwap's native token. This incentivizes providing liquidity for the NYNYC-BNB pair, promoting a healthy and stable market for the token.
Similarly, you can hold $MARCO and earn NYNYC tokens as a reward. This is a fantastic way to passively accumulate NYNYC while supporting the MelegaSwap ecosystem.
Here's how you can get started:
Visit MelegaSwap: Head over to https://melega.finance/ and connect your crypto wallet.Explore Farming Options: Navigate to the Farms section on MelegaSwap. Look for the staking pool designated for NYNYC tokens. This pool typically involves staking LP (Liquidity Provider) tokens, which represent your contribution to the liquidity pool for the NYNYC-BNB pair. By providing liquidity, you earn a portion of the trading fees generated on that pair.Stake and Earn Rewards: Once you've identified the NYNYC farming pool, deposit your NYNYC-BNB LP tokens into the pool. You'll then start accruing $MARCO, MelegaSwap's native token, as a reward.Maximize Returns (Optional): Consider staking your earned $MARCO tokens in the dedicated $MARCO pool on MelegaSwap. This allows you to compound your returns and potentially earn additional NYNYC tokens.
Closing Thoughts
The NYNYC listing on MelegaSwap presents a compelling opportunity for both projects. NYNYC gains access to a wider audience and benefits from the liquidity and yield farming opportunities offered by MelegaSwap. Conversely, MelegaSwap attracts new users interested in the NYNYC project and its potential. This symbiotic relationship fosters growth for both platforms and their respective communities.
Follow and Learn More About NYNYC:
Website: https://newyorknewyorkcoins.com/
Twitter (X):  https://twitter.com/nynycoins
Telegram: https://t.me/marlon_pascall
Facebook: https://www.facebook.com/NYNYCoins
Contract Address: 0x8A99D529d60f854ff323d4fFE284cc647CbDA5C3
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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 #nynyc #farming #stakingrewards

This past week has been full of exciting stories, from the frenzy around meme coins that made some traders turn a few thousand dollars into millions in just a few hours to U.S. banking giants like Goldman Sachs being revealed as BlackRock ETF "Authorized Participants."
Even though Bitcoin only dropped by 0.71% in the last seven days, new reports revealed that Bitcoin purchased between March 9–13 and March 25–29 is currently at a loss, representing just 0.16%. This means that out of the last 3,732 tradable days, only six days were not profitable for Bitcoin investors, making up just 0.16% of all days since its launch over 14 years ago on Jan. 3, 2009.
 So, let's jump into the top six most exciting news stories of the week and catch up on anything you might have missed. Buckle up; it's gonna be a wild ride!
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 (March 31–April 6, 2024)
●      BlackRock Expands Bitcoin ETF with Five Major Wall Street Firms
●      Montenegro Supreme Court Reevaluates Do Kwon’s Extradition
●      Binance Exchange Phases Out Bitcoin NFT Support
●      Ripple Set to Launch USD Stablecoin, Eyes Market Expansion
●      OneCoin Legal Head Sentenced to 4 Years for $4 Billion Crypto Fraud
●      Binance Establishes First-Ever Board of Directors
BlackRock Expands Bitcoin ETF with Five Major Wall Street Firms
BlackRock has updated its Bitcoin ETF prospectus, incorporating five significant Wall Street firms as new authorized participants: ABN AMRO, Citadel Securities, Citigroup Global Markets, Goldman Sachs, and UBS Securities. This addition is a substantial move, signaling increased institutional interest in cryptocurrency and strengthening the operational framework of the ETF. The SEC’s cash transaction mechanism for ETF share creation and redemption aims to mitigate market manipulation risks, aligning with industry efforts to ensure price stability and investor confidence.
Montenegro Supreme Court Reevaluates Do Kwon’s Extradition
Montenegro's Supreme Court has nullified a lower court's ruling on Terraform Labs co-founder Do Kwon's extradition, sending the case back for reevaluation. The court will decide whether Kwon is extradited to the U.S. or South Korea, both of which have levied criminal charges against him. This decision follows Kwon's arrest in Montenegro in March 2023 for using falsified documents, with the Supreme Court critiquing procedural violations in the appellate court's handling of his extradition appeal.
Binance Exchange Phases Out Bitcoin NFT Support
The world’s leading centralized exchange, Binance announced it will end support for Bitcoin Ordinals, or Bitcoin NFTs, on its NFT marketplace by April 18, advising users to withdraw their NFTs before May 18, 2024. This move aims to streamline product offerings and follows the surge in popularity of Bitcoin NFTs since late 2022. The decision marks a shift away from embedding digital art and content directly on the Bitcoin blockchain, a feature that had clogged the network and increased transaction fees.
Ripple Set to Launch USD Stablecoin, Eyes Market Expansion
Ripple, the payment firm behind the XRP crypto coin, plans to introduce a US dollar-backed stablecoin, targeting a share in the stablecoin market projected to reach $2 trillion by 2028. The stablecoin aims to compete with major players like Circle’s USDC and Tether's USDT, focusing on compliance and transparency. Initially issued on the XRP Ledger and Ethereum blockchain, it seeks to diversify and robustify the stablecoin ecosystem. Ripple emphasizes a "compliance-first" approach, backing the stablecoin with U.S. dollar deposits, Treasurys, and cash equivalents.
OneCoin Legal Head Sentenced to 4 Years for $4 Billion Crypto Fraud
Irina Dilkinska, the former head of legal and compliance for OneCoin, has been sentenced to four years in prison for her role in laundering millions through the $4 billion Ponzi scheme. United States District Judge Edgardo Ramos also ordered her to forfeit $111 million as restitution. Despite her intelligence, Dilkinska was criticized for not leaving the scheme sooner, highlighting the significant legal consequences of her involvement in the massive fraud.
Binance Establishes First-Ever Board of Directors
Binance Holdings has introduced a seven-person board of directors, marking a significant organizational change. Gabriel Abed, former ambassador of Barbados to the UAE, chairs this new board, which includes both company executives and independent members. This move comes after a settlement with U.S. authorities, requiring Binance to pay $4.3 billion in penalties and establish a board with independent members and compliance committees.
NEWS FROM MELEGA ECOSYSTEM
NewYorkNewYork Coins (NYNYC) Farm & Pool Listed on on MelegaSwap
NYNYC aims to optimize its marketing budget by allocating a portion to yield-generating assets. This strategy provides additional revenue streams that can be reinvested in further development, marketing initiatives, and rewarding holders of BNB through NYNYC. The ultimate vision is to establish NYNYC as a leading force at the intersection of AI technology and the blockchain ecosystem. By expanding globally and developing diverse projects that merge trading and gaming, NYNYC intends to usher in a new era for its community.
Melega Secures a New Strategic Partnership With Farmer Coin (FARM)
We are proud to unveil a strategic marketing partnership with Farmer Coin (FARM) as they prepare for their upcoming presale on April 10th at 12:24 pm UTC. Farmer Coin is an innovative project aimed at leveraging blockchain technology to elevate the value and significance of agricultural work. By embracing digital asset technology, Farmer Coin (FARM) aims to empower the agricultural sector and its operators with a wealth of new opportunities.
FERSCOIN (FR) Farm & Pool Listed on MelegaSwap
Empowering Kurdistan’s financial landscape, Fers Coin stands as the region’s first and finest cryptocurrency, ushering in a new era of economic growth and financial empowerment
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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 #BinanceMoves #Ripple #BlackRock

This week saw Bitcoin (BTC) break the $70,000 barrier again as Q1 closed strong, with some analysts predicting a future surge to at least $180,000 in the next bull run. But regulation continues to be a hot topic, with the SEC making headlines and a UK court freezing millions in assets tied to the Craig Wright vs. Satoshi Nakamoto saga.
Beyond those stories, get ready to dive into a packed week: a major figure in crypto sentenced to 25 years, an exchnge platform making a big switch, and legal battles brewing between US authorities and crypto companies. We'll unpack these developments and more, offering insights into the ever-evolving world of cryptocurrency. Let’s get into ‘em!
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 (@melega_swap) on Twitter for more on all things cryptocurrency.
TOP CRYPTO NEWS RECAP (March 24–30, 2024)
●      Sam Bankman-Fried Sentenced to 25 Years for FTX Crimes
●      Coinbase to Shift all USDC Blances to Base Chain
●      US DOJ and CFTC Charge KuCoin for AML Violations and Unlicensed Operation
●      Terra Founder Do Kwon Released Amid Extradition Deliberations
●      SEC Seeks $2 Billion in Fines Against Ripple, Claims Exceed Authority
●      Fidelity Seeks Approval for Innovative Spot ETH ETF with Staking Option
Sam Bankman-Fried Sentenced to 25 Years for FTX Crimes
Former FTX CEO Sam Bankman-Fried has been sentenced to 25 years in prison by Judge Lewis Kaplan for multiple felonies, including perjury and witness tampering, related to the collapse of cryptocurrency exchange FTX. This sentence comes with an $11-billion forfeiture judgment to ensure any future earnings by Bankman-Fried benefit the government and victims, not him. 
 
While Bankman-Fried's legal team plans to appeal, the sentence addresses the massive losses incurred by investors, lenders, and customers, totaling $11 billion. The ruling also emphasizes the gravity of Bankman-Fried's crimes and rejects any reduction based on potential full repayment to FTX customers, highlighting the permanent impact on victims and the crypto industry.
Coinbase to Shift all USDC Blances to Base Chain
Coinbase is transferring both customer and corporate USD Coin (USDC) balances to Base, its own Ethereum layer-2 solution, aiming to improve fund management with lower fees and faster settlements. This move, distinct from the Coinbase Wallet, marks a significant step towards an on-chain financial system and sets a precedent for future cryptocurrency exchange and banking operations. Despite some centralization concerns, Coinbase plans for gradual decentralization of Base, reinforcing its commitment to blockchain integration and financial innovation.
US DOJ and CFTC Charge KuCoin for AML Violations and Unlicensed Operation
The US Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) charged cryptocurrency exchange KuCoin and its founders, Chun Gan and Ke Tang, with operating an unlicensed money transmitting business and failing to uphold Anti-Money Laundering (AML) protocols. The DOJ's indictment reveals KuCoin's deliberate concealment of its significant US customer base, utilizing it to become a major global exchange without adhering to necessary AML safeguards. Founders Gan and Tang are currently at large.
Terra Founder Do Kwon Released Amid Extradition Deliberations
Do Kwon, the South Korean founder of Terraform Labs, was released from prison in Montenegro as the Supreme Court reviews extradition requests from the United States and South Korea. Kwon faces fraud allegations linked to Terra's $60 billion market collapse in 2022. His release followed the expiration of his detention for using fake travel documents, with the Supreme Court pausing a lower court's extradition ruling to South Korea, where penalties may be milder compared to the U.S.
SEC Seeks $2 Billion in Fines Against Ripple, Claims Exceed Authority
Ripple's Chief Legal Officer, Stuart Alderoty, revealed that the SEC has requested a federal judge to impose $2 billion in fines and penalties against Ripple amid an ongoing legal battle initiated in 2020. The request, part of a sealed filing, comes despite a recent ruling favoring Ripple by defining XRP as not as a security in certain sales. Ripple criticizes the SEC's aggressive stance and plans to respond in April, challenging the unprecedented penalty size.
Fidelity Seeks Approval for Innovative Spot ETH ETF with Staking Option
Fidelity has submitted an S-1 application to the U.S. SEC for a groundbreaking spot Ether (ETH) exchange-traded fund (ETF) that includes a staking feature. This ETF, aimed to trade on the Cboe BZX Exchange, introduces potential staking rewards for investors, presenting new risks such as taxable events and slashing penalties. The move signals Fidelity's push into cryptocurrency investment products, despite regulatory uncertainties and potential risks from Ethereum's blockchain dynamics.
NEWS FROM MELEGA ECOSYSTEM
Meme Soccer (MSOC) Forms a Strategic Partnership With MelegaSwap 
MEME SOCCER merges the worlds of cryptocurrency and gaming, offering players a revolutionary platform where gaming skills translate into real-world rewards. With MEME SOCCER, players immerse themselves in a vibrant universe where they can customize their characters, engage in thrilling matches, and compete in tournaments. The play-to- earn model allows gamers to monetize their talents, earning valuable in-game rewards that can be converted to cryptocurrencies.
MelegaSwap Trends at #6 on DexStein on March 30
We're cooking something special for MelegaSwap and MELEGA hodlers. There are upcoming big news, new chains, new partnerships, and more. Our main aim is to strengthen our ecosystem and make the project bigger. 2022 marked the concept. 2023 marked the beginning. 2024 will mark the achievement of new heights. Stay with us.
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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.