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Bitcoin dropped 5.83% this week, falling from over $65,000 to about $62,000. While many altcoins suffered, SUI surged 115% in a month after adding USDC to its blockchain, boosting user activity.
In other news, the upcoming HBO documentary “Money Electric: The Bitcoin Mystery” hints at revealing the true identity of Bitcoin's creator, Satoshi Nakamoto. Filmmaker Cullen Hoback is behind the project.
As such, late cryptographer Len Sassaman is gaining attention, with Polymarket bettors believing he might be unveiled as Bitcoin's inventor in the documentary.
Let’s dive into six key crypto stories from the past 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 (September 29 – October 05, 2024)
● HBO Documentary Teases Revelation of Bitcoin's Creator, Satoshi Nakamoto
● Coinbase to Delist Noncompliant Stablecoins by December under EU MiCA Rules
● Visa Unveils Tokenized Asset Platform for Digital Asset Management
● SEC Appeals Ripple Ruling on XRP Classification
● PayPal Completes First Corporate Payment Using PYUSD Stablecoin
● SWIFT to Launch Digital Asset Trials with Banks in 2025
HBO Documentary Teases Revelation of Bitcoin's Creator, Satoshi Nakamoto
Filmmaker Cullen Hoback, known for his HBO miniseries on QAnon, is set to release a new documentary, Money Electric: The Bitcoin Mystery. The documentary hints at the possible unveiling of Bitcoin creator Satoshi Nakamoto. While Hoback teases that the film could reveal Nakamoto’s identity, neither the trailer nor his statements confirm if an individual or group has been definitively identified. The documentary, airing on October 8, explores the long-standing mystery surrounding Bitcoin's origins, which has intrigued the crypto community since Nakamoto's disappearance in 2010.
Coinbase to Delist Noncompliant Stablecoins by December under EU MiCA Rules
Coinbase will remove stablecoins that don’t comply with the European Union’s Markets in Crypto-Assets (MiCA) regulations by December 30, 2024. This move aligns with stricter oversight of crypto firms. European Economic Area (EEA) users can convert non-compliant stablecoins into compliant ones like USD Coin (USDC). MiCA requires stablecoin issuers to hold an e-money license within the EU, impacting major tokens like Tether (USDT). Other exchanges, such as OKX and Bitstamp, are also adjusting their offerings to meet these regulations.
Visa Unveils Tokenized Asset Platform for Digital Asset Management
Visa introduced the Visa Tokenized Asset Platform (VTAP)on October 3. It is designed to issue and manage digital assets, including stablecoins and central bank digital currencies (CBDCs). In a sandbox phase, participants like Banco Bilbao Vizcaya Argentaria (BBVA) are testing the platform. VTAP offers an infrastructure for secure minting, transferring, and settling digital assets across blockchains. Visa aims to help banks digitize operations using blockchain technologies, with plans for a live pilot phase in 2025, leveraging public and permissioned blockchains for interoperability.
SEC Appeals Ripple Ruling on XRP Classification
On October 2, the U.S. Securities and Exchange Commission (SEC) filed an appeal in its lawsuit against Ripple Labs, aiming to overturn a 2023 ruling by Judge Analisa Torres. The ruling declared that secondary sales of Ripple's XRP did not qualify as securities under the SEC's Howey test. While Torres ruled early sales to institutional investors as securities, the broader decision was seen as a win for Ripple and the crypto industry. The appeal could reignite legal challenges surrounding XRP’s classification.
PayPal Completes First Corporate Payment Using PYUSD Stablecoin
On October 3, PayPal processed its first business paymentusing its proprietary stablecoin, PayPal USD (PYUSD), in a transaction with accounting giant Ernst & Young. The payment was facilitated through SAP’s digital currency hub, though the invoice amount was undisclosed. Launched in August 2023, PYUSD is backed by U.S. dollar deposits and short-term U.S. Treasuries. PayPal’s senior vice president, Jose Fernandez da Ponte, highlighted the stablecoin’s potential for corporate transactions, offering faster payments with reduced volatility. PYUSD currently ranks eighth among stablecoins in terms of market capitalization.
SWIFT to Launch Digital Asset Trials with Banks in 2025
SWIFT announced that it will begin trials of digital assets in 2025, involving banks from North America, Europe, and Asia. The trials will explore multi-ledger transactions across digital currencies and asset classes, focusing on payments, foreign exchange, and securities. SWIFT aims to address the fragmentation in the digital asset space, linking disconnected platforms and digital currencies with traditional financial systems. The goal is to create a unified network for seamless global transactions using digital assets and fiat currencies.
NEWS FROM THE MELEGA ECOSYSTEM
Melega Ecosystem’s BlackPump.Fun is Live!
Melega Ecosystem is proud to announce its official LaunchPad BlackPump.fun is ONLINE! You can deploy your token almost FOR FREE on the BNBSmartChain, Ethereum, Base Chain, and Polygon Chain. All tokens deployed are 100% SAFE without presale or team allocation. Traders can also pick a coin they like, buy it on the bonding curve, and sell it at any time to lock in their profits or losses.
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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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The MelegaSwap Ecosystem is thrilled to announce the launch of OkiriKiri.com, an innovative platform built on the concept of a decentralized circular economy aimed at transforming global wealth distribution. Designed to ensure security, transparency, and the absence of centralized control, OkiriKiri.com provides an opportunity to encourage crypto adoption and spread the advantages of decentralized finance to a broad audience. The platform operates through a system of voluntary donations, rewarding participants through a straightforward and highly beneficial model.
A Circular Donation System for Decentralization
The Melegaswap Ecosystem, already known for successful projects like MelegaSwap and the brand new launchpad BlackPump.fun, now expands its offerings with OkiriKiri.com, aiming to strengthen the entire network and consolidate the value of its native token, $MARCO. This new platform introduces a unique model, promoting a virtuous circle of donations that contributes to the ecosystem’s growth while distributing resources in a fair and sustainable manner.
How to Join OkiriKiri.com
To participate in OkiriKiri.com, users can follow a few simple steps to join the circular donation system. Here’s a breakdown of the necessary steps:
1. Visit the Platform: Visit OkiriKiri.com
2. Make an Initial Donation: To secure a “spot” in the circuit, users must make an initial donation of 250 USDT (BEP20). This donation not only grants access to the protocol but also ensures the right to participate in the redistribution of future donations.
3. Collect Donations: After making the donation, users can receive quickly 2,025 USDT in rewards thanks to their position in the circuit. This is made possible as the system allocates 90% of subsequent donations to users in chronological order, creating a steady flow of redistributed funds among participants. And that's not all. The benefits increase even more if the user maintains his position up to the fourth level.
4. Withdraw Donations: Donations received can be withdrawn in USDT or $MARCO, the Melega ecosystem’s native cryptocurrency. By choosing $MARCO, users gain additional benefits like passive income through staking $MARCO within the Marco Pools on melega.finance.
A Sustainable Economy Through Decentralization
One of OkiriKiri.com’s unique features is its role as part of a decentralized, self-sustaining economic system. The platform operates independently, with no central authority, which is a crucial factor in ensuring freedom and transaction transparency. OkiriKiri.com enables users to actively participate in a wealth redistribution process, eliminating access barriers and making resource distribution fairer.
The Power of Marco in the Melegaswap Ecosystem
Along with the option to withdraw donations in USDT, OkiriKiri.com integrates the $MARCO token as an alternative withdrawal method. $MARCO is a cryptocurrency developed by the Melega ecosystem that provides users with daily passive income through staking on melega.finance. This staking mechanism within the Marco Pools allows users to further profit, encouraging $MARCO retention and contributing to the token’s value growth.
By integrating $MARCO into the OkiriKiri.com system, participants benefit not only from donation redistribution but also from the growth potential of the token within the Melega ecosystem.
Security and Transparency: The Pillars of OkiriKiri.com
A core aspect of the platform is security. Transactions are protected and verifiable, offering users peace of mind as they operate within a decentralized and transparent platform. Using blockchain technology and without centralized control, OkiriKiri.com ensures transparent management of funds and transactions, building trust and supporting the principles of decentralized finance.
OkiriKiri.com: A Tool for Crypto Adoption
The platform is designed to be user-friendly and accessible, promoting crypto adoption even among those with little experience in the field. With a small initial investment and a straightforward reward mechanism, OkiriKiri.com is an ideal tool to introduce new people to decentralized finance and encourage global cryptocurrency adoption.
Conclusion
OkiriKiri.com stands as an innovative and cutting-edge platform, an integral part of the Melega ecosystem, combining wealth redistribution, crypto adoption, and decentralized finance. Through its simple voluntary donation system, the potential of the $MARCO token, and opportunities for passive income, OkiriKiri.com offers users a sustainable and secure way to support a circular economy model. 

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