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This week, Bitcoin soared past the impressive $65,000 mark, fueled by China's stimulus initiatives and a surge in stablecoin investments. A recent report from 10x Research highlights that Bitcoin has broken free from its recent downtrend and is eyeing the coveted $70,000 milestone once more.
This upward momentum is mirrored by the Crypto Fear & Greed Index, which has soared to its highest level since July and maintained a score above 60 for two consecutive days.
With analysts predicting the onset of a major bull run in the coming months, excitement is building about Bitcoin's and the broader crypto market's potential to reach new heights.
Join us as we explore six pivotal crypto stories from the past week to keep you in the loop. 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 22-28, 2024)
●       Binance Founder CZ Released After Four-Month Prison Sentence for AML Violations
●       Caroline Ellison Sentenced to Two Years in Minimum-Security Prison
●       Kamala Harris Pledges Support for Crypto with Focus on Consumer Protections
●       Crypto ETF Inflows Drive US ETF Assets to Record $10 Trillion
●       Tornado Cash Developer Roman Storm Faces Trial and Could Face 45 Years in Prison
●       Mango DAO, Labs, and Blockworks Settle SEC Charges Over Unregistered MNGO Token
Binance Founder CZ Released After Four-Month Prison Sentence for AML Violations
Binance founder Changpeng “CZ” Zhao was released from a U.S. federal prison on September 27 after serving four months for violating Anti-Money Laundering (AML) laws. In November, CZ pled guilty to failing to implement proper AML controls at Binance, the largest cryptocurrency exchange by daily trading volume. Originally facing 36 months, his sentence was reduced, and he agreed to pay a $50 million fine. Despite his legal troubles, CZ's wealth, estimated at $30 billion, remains largely unaffected.
Caroline Ellison Sentenced to Two Years in Minimum-Security Prison
Former Alameda Research CEO Caroline Ellison was sentenced to two years in a minimum-security prison on Sept. 24 for her role in the collapse of FTX. Judge Lewis Kaplan, who presided over the case, also ordered her to forfeit the $11 billion she gained through FTX. Although Ellison could have faced up to 110 years in prison, her cooperation with prosecutors led to a more lenient sentence. Her co-defendants, including Gary Wang and Nishad Singh, are expected to be sentenced soon.
Kamala Harris Pledges Support for Crypto with Focus on Consumer Protections
U.S. Vice President Kamala Harris publicly addressed cryptocurrency for the first time during her presidential campaign. Speaking at a Manhattan fundraiser, she emphasized promoting innovation in artificial intelligence (AI) and digital assets while ensuring consumer protections. Harris committed to creating a transparent regulatory environment, encouraging investments in emerging technologies, including semiconductors and clean energy. Her remarks mark a shift in the Democratic stance on crypto, contrasting with past administration policies. Harris faces competition from Donald Trump, who has strongly aligned himself with the crypto industry.
Crypto ETF Inflows Drive US ETF Assets to Record $10 Trillion
Total assets in U.S. exchange-traded funds (ETFs) surpassed $10 trillion on September 27, 2024, fueled by over $20 billion in cryptocurrency ETF inflows, according to Morningstar and Bloomberg. In 2024 alone, U.S. ETFs saw $691 billion in investments, with crypto ETFs accounting for nearly 3%. BlackRock's iShares Bitcoin Trust led with $21 billion in inflows, followed by Fidelity's Bitcoin ETF at $10 billion. Analysts predict U.S. ETF assets could reach $25 trillion within a decade as cryptocurrency continues to attract significant investment.
Tornado Cash Developer Roman Storm Faces Trial and Could Face 45 Years in Prison
Roman Storm, co-founder of Tornado Cash, will stand trial in December after a judge denied his motion to dismiss charges. Storm faces three federal charges, including conspiracy to commit money laundering and sanctions violations. Prosecutors allege Tornado Cash was used for illicit activities, with Storm profiting while knowing its misuse. He argues the platform was open-source and aimed at providing financial privacy. If convicted, Storm could face up to 45 years in prison. His trial is set to begin on December 2, 2024.
Mango DAO, Labs, and Blockworks Settle SEC Charges Over Unregistered MNGO Token
Mango DAO, Mango Labs LLC, and Blockworks Foundation have settled charges with the U.S. Securities and Exchange Commission (SEC) regarding the sale of MNGO tokens, which were deemed unregistered securities. As part of the settlement, the entities agreed to destroy their MNGO tokens, halt trading on crypto exchanges, and pay $700,000, pending court approval. The SEC stated that all entities offering securities must register, regardless of using decentralized platforms. The settlement comes after Mango DAO members voted to adopt the proposal, and follows a similar agreement with the CFTC.
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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 #CryptoNewss #CZBİNANCE
 

MelegaSwap announces a new strategic partnership with Farmer Coin (FARM) for their upcoming presale on dxSale from September 15 to September 20, 2024. This collaboration represents a union of excellence, combining the Melega ecosystem's unwavering commitment to innovation with Farmer Coin's groundbreaking potential. 
Since Farmer Coin was listed on the Binance Smart Chain reaching a +150% performance on the listing day, the Melega ecosystem has always provided the best marketing and support and will ensure it even now that Farmer Coin has started its listing journey on multiple chains in order to reach a wider audience and achieve their goals of simplifying crypto adoption in the agricultural world.
MelegaSwap will serve as a solid foundation for the project as the token will be listed on the automated market maker (AMM) decentralized exchange, enabling users to easily trade, farm, and generate passive income through liquidity provision.
But that's not all. First of all the partnership extends to Melega Space, an integral part of the Melega Finance ecosystem. This offers comprehensive services such as fundraising, project outreach, legal support, security audits, reputable exchange listings, community building, and cutting-edge digital marketing strategies. Secondly, MelegaSwap and FarmerCoin have entered into a strategic partnership with DxSale, a market-leading launchpad that has recently undergone a major restyling and feature update, which today represents, even more than yesterday, the ideal and intuitive platform for hosting ICOs on many chains.
 
Participate in Farmer Coin’s presale on BASE CHAINnow:
https://www.dx.app/dxsale/view?address=0x826c0f812d94a3CCa9886a7E942894ADC72b91B5&chain=8453
 
The Farmer Coin Ecosystem: Simplifying Crypto Adoption in the Agricultural World
The Farmer Coin token is a long-term project aiming to develop a user-friendly decentralized and centralized applications that open the doors to the world of digital currencies for individuals and companies in the agricultural sectors. It makes crypto adoption a breeze for farmers with a focus on transparency, community influence, and captivating content. 
Farmer Coin is on a mission to redefine the crypto landscape and empower farmers to navigate the crypto market with confidence.
The team behind Farmer Coin understands the importance of introducing digital currencies early on, and they've made it their priority to make crypto adoption a seamless experience. The dApps and Apps they're building have been thoughtfully designed to ensure that users, even those with no prior knowledge of cryptocurrencies, can grasp their workings effortlessly.
In addition to their decentralized application, Farmer Coin Team aims to create an interactive blog that invites the agricultural sector on a journey through the realms of the future, crypto, and technology. The blog is designed to present complex concepts in a manner that is easily understood by individuals from all walks of life.
By simplifying jargon and conveying information in a language that resonates with everyone, Farmer Coin's blog bridges the gap between tech enthusiasts and newcomers. The blog will become an invaluable resource, empowering knowledge seekers and nurturing a deeper understanding of the crypto ecosystem.
Moreover, Farmer Coin Team strongly believes in giving power back to the community. They seek to challenge the bureaucratic and opaque nature of traditional finance by creating an environment where decisions are made collectively and with the utmost transparency. This commitment to democratic processes means that every individual has a voice and can actively contribute to shaping the future of finance.
Farmer Coin isn't just another cryptocurrency project; it's a movement towards a more inclusive, transparent, and decentralized future. With its pioneering approach to trend-setting, interactive blog, and community-driven decision-making, $FARM is set to redefine the way the agricultural world interacts with cryptocurrencies and pave the way for a new era of interaction between the real economy and digital finance.
 
Join the $FARM revolution now by contributing in Farmer Coin’s presale on BASE CHAIN:
https://www.dx.app/dxsale/view?address=0x826c0f812d94a3CCa9886a7E942894ADC72b91B5&chain=8453
 
Follow and learn more about Farmer Coin
Website: https://www.farmercoin.space
Telegram: https://t.me/farmercoinglobal
Twitter: https://twitter.com/farmercoinbsc
 
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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. 
 
#FarmerCoin #MelegaSwap #melegamarco #melega #DxSale

Bitcoin (BTC) surged 4.75% over the past week, reaching a high of over $64,000. This week proved pivotal as Federal Reserve Chair Jerome Powell responded to market demands with a 50 basis point interest rate cut.
This policy shift, among other factors, propelled Bitcoin to $64,133. Despite the anticipated Fed changes, Bitcoin's daily price movements have remained consistent with its six-month trend.
In another significant development, the SEC approved Nasdaq to list and trade stock options for BlackRock’s spot Bitcoin ETF, allowing options trading under the same rules as other ETFs.
Follow along as we delve into six key crypto stories from the past week to keep you informed. 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 15-21, 2024)
●       BingX Resumes Withdrawals After $52 Million Hack
●       MicroStrategy Raises $1.01B to Boost Bitcoin Holdings
●       Judge Dismisses Consensys’ Lawsuit Against SEC
●       Trump Makes Bitcoin History at NYC Bar
●       Solana Unveils Seeker: More Than Just a 'Memecoin Phone'
●       Arthur Hayes Suggests Fed Rate Cut Politically Motivated, Warns of Inflation Risk
BingX Resumes Withdrawals After $52 Million Hack
Cryptocurrency exchange BingX has announced the resumption of withdrawal services for certain digital assets, starting on Sept. 21, 2024, after a significant hack. Initially reported at $26 million, the total losses have swelled to $52 million. Despite the breach, BingX assured users that its cold storage isolated most funds, mitigating the damage. Additionally, $10 million of the stolen funds have been frozen. BingX is working with security firms like SlowMist and Chainalysis to recover the remaining assets. All withdrawals submitted before the hack must be resubmitted.
MicroStrategy Raises $1.01B to Boost Bitcoin Holdings
MicroStrategy completed a $1.01 billion offering of convertible senior notes, with proceeds allocated to purchasing Bitcoin and repaying debt. The company plans to redeem $500 million in senior secured notes, releasing collateral, including over 69,000 Bitcoin. Between Sept. 13 and 19, MicroStrategy used part of the proceeds to acquire 7,420 Bitcoin at an average price of $61,750 per coin, totaling $458.2 million. The firm continues to expand its Bitcoin holdings as part of an aggressive acquisition strategy.
Judge Dismisses Consensys’ Lawsuit Against SEC
A Texas federal judge has dismissed Consensys' lawsuit against the U.S. Securities and Exchange Commission (SEC), which challenged the agency's investigation into Ethereum (ETH) and its MetaMask software. Consensys sought to have ETH declared as not a security and block the SEC’s enforcement actions. However, Judge Reed O’Connor ruled the SEC’s actions were not final and didn’t impose legal consequences. The investigation into Ethereum was also considered moot after the SEC approved Ether ETFs. Consensys vowed to continue fighting the SEC’s claims over MetaMask.
Trump Makes Bitcoin History at NYC Bar
On September 18, former US President and 2024 Republican nominee Donald Trump made headlines by purchasing hamburgers using Bitcoin at Pubkey, a New York City bar known for accepting cryptocurrency. The event marked the first time a former president used Bitcoin in a transaction. Trump, who once criticized crypto, handed out "crypto burgers" to attendees. This campaign stop occurred shortly after he announced the launch of a crypto token through World Liberty Financial. Despite trailing in the polls, Trump remains hopeful about his electoral chances in New York.
Solana Unveils Seeker: More Than Just a 'Memecoin Phone'
Solana Labs has launched its latest smartphone, the "Seeker," priced at half the cost of its predecessor, Saga. While the Saga gained attention due to a memecoin rally, Solana’s General Manager Emmett Hollyer emphasizes that Seeker will offer much more. Hollyer describes the device as a "rewards magnet" but says it aims to support broader use cases like DeFi, payments, and gaming through an upgraded decentralized app store. With improved hardware, Seeker targets crypto utility rather than competing with tech giants like Apple and Samsung.
Arthur Hayes Suggests Fed Rate Cut Politically Motivated, Warns of Inflation Risk
BitMEX co-founder Arthur Hayes believes the U.S. Federal Reserve's recent rate cut was politically motivated, aimed at boosting support for Kamala Harris in the upcoming election. He argues the 50 basis point cut contradicts strong economic indicators like GDP growth and low unemployment. Hayes predicts that the move could push markets higher but warns it may lead to increased inflation. He also suggests that the crypto market's calm reaction could be short-lived, with potential volatility following traditional market closures.
NEWS FROM THE MELEGASWAP ECOSYSTEM
FarmCoin ($FARM) Farm & Pool Listed on MelegaSwap
FarmCoin is a multichain project designed to bring the value and importance of agricultural work to the blockchain, supporting the sector and its operators with the new opportunities digital asset technology offers. It has successfully been listed on MelegaSwap and was featured on CoinMarketCap, Binance, and over 180 media outlets.
Mogul Productions Entertainment Token (MOGUL) Farm & Pool Listed on MelegaSwap
Mogul is a platform for filmmakers seeking funding and fans looking to participate in the movie business.
Memelord Token (MEL) Farm & Pool Listed on MelegaSwap
Memelord is a 3-step meme token generator on the BSC Chain, providing a comprehensive platform for creating and managing your meme tokens without any coding skills required. Key features include a faucet for claiming free tokens, staking to earn passive income, a decentralized exchange (Dex) for secure and easy trading, price and volume charts for tracking token performance, and more.
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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.
 #melegamarco #MelegaSwap #melega #SolanaSeeker #MicroStrategyMoves