MELEGA

<p>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.</p><p>Notably, this surge in BNB&#39;s value coincided with the news that Binance founder and former CEO Changpeng &#34;CZ&#34; Zhao had been transferred to a federal prison in California to serve a four-month sentence related to money laundering charges.</p><p>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.</p><p>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.</p><p>For transparent and decentralized crypto trading and to list your crypto token for free, don’t forget to <a href="https://melega.finance/" rel="noopener noreferrer nofollow">visit our website</a> and follow Melega Finance (<a href="https://twitter.com/MelegaExchange" rel="noopener noreferrer nofollow">&#64;melega</a><a href="https://twitter.com/MelegaExchange" rel="noopener noreferrer nofollow">exchange</a>) on Twitter for more on all things cryptocurrency.</p><h2 id="header-0">TOP CRYPTO NEWS RECAP (June 2-8, 2024)</h2><p>●  Telegram Unveils In-App Currency &#34;Stars&#34; for Mini-App Purchases</p><p>●  Robinhood Acquires Bitstamp to Boost US Institutional Crypto Trading</p><p>●  SEC Chair Hints at Potential Delay in Spot Ether ETF Approvals</p><p>●  New Law Grants US President Authority to Block Digital Asset Access</p><p>●  Trump Aims to Be &#34;Crypto President&#34; in 2024 Campaign</p><p>●  Vitalik Buterin Criticizes Celebrity Memecoins for Lacking Substance</p><h3 id="telegram-unveils-in-app-currency-34-stars-34-for-mini-app-purchases">Telegram Unveils In-App Currency &#34;Stars&#34; for Mini-App Purchases</h3><p>Telegram <a href="https://t.me/durov/280" rel="noopener noreferrer nofollow">launched </a>&#34;Stars,&#34; a new digital currency for buying things within its mini-apps. Developers can exchange Stars for Toncoin, Telegram&#39;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&#39;s platform.</p><h3 id="robinhood-acquires-bitstamp-to-boost-us-institutional-crypto-trading">Robinhood Acquires Bitstamp to Boost US Institutional Crypto Trading</h3><p>Robinhood is <a href="https://www.wsj.com/business/deals/robinhood-doubles-down-on-crypto-with-deal-for-bitstamp-eade3276" rel="noopener noreferrer nofollow">acquiring </a>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.</p><h3 id="sec-chair-hints-at-potential-delay-in-spot-ether-etf-approvals">SEC Chair Hints at Potential Delay in Spot Ether ETF Approvals</h3><p>SEC Chair Gary Gensler <a href="https://x.com/EleanorTerrett/status/1798351844248576311" rel="noopener noreferrer nofollow">indicated </a>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&#39;s comments reflect ongoing caution towards cryptocurrency regulations. The SEC&#39;s stringent stance remains unchanged as it continues legal actions against major crypto firms while dealing with its own legal challenges.</p><h3 id="new-law-grants-us-president-authority-to-block-digital-asset-access">New Law Grants US President Authority to Block Digital Asset Access</h3><p>A new U.S. law gives the president unprecedented power to block access to digital assets, causing significant concern about its broad implications. <a href="https://x.com/SGJohnsson/status/1798573154920476755" rel="noopener noreferrer nofollow">The law</a> 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&#39;s sweeping scope has been described as a strategic move to enhance governmental oversight of digital financial transactions.</p><h3 id="trump-aims-to-be-34-crypto-president-34-in-2024-campaign">Trump Aims to Be &#34;Crypto President&#34; in 2024 Campaign</h3><p>At a San Francisco fundraiser, former U.S. President Donald Trump <a href="https://www.reuters.com/world/us/trump-pitches-himself-crypto-president-san-francisco-tech-fundraiser-2024-06-07/#:~:text&#61;SAN%20FRANCISCO%2C%20June%207%20%28Reuters,three%20sources%20present%20told%20Reuters." rel="noopener noreferrer nofollow">declared </a>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&#39;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.</p><h3 id="vitalik-buterin-criticizes-celebrity-memecoins-for-lacking-substance">Vitalik Buterin Criticizes Celebrity Memecoins for Lacking Substance</h3><p>Vitalik Buterin, the Ethereum co-founder, <a href="https://x.com/VitalikButerin/status/1798293391144366184" rel="noopener noreferrer nofollow">expressed </a>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&#39; 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.</p><h2 id="header-1">NEWS FROM MELEGASWAP</h2><h3 id="a-href-https-jimbos-xyz-rel-noopener-noreferrer-nofollow-jimbo-jimbo-farm-pool-listed-on-melegaswap-a"><a href="https://jimbos.xyz/" rel="noopener noreferrer nofollow">JIMBO (JIMBO) Farm &amp; Pool Listed on MelegaSwap</a></h3><p>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.</p><h3 id="a-href-https-www-knoxfs-com-rel-noopener-noreferrer-nofollow-wrapped-kfx-wkfx-farm-pool-listed-on-melegaswap-a"><a href="https://www.knoxfs.com/" rel="noopener noreferrer nofollow">Wrapped KFX (wKFX) Farm &amp; Pool Listed on MelegaSwap</a></h3><p>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.</p><h3 id="">•••</h3><p><em><strong>Risk warning: </strong>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.</em></p><h3 id="trade-with-the-best-decentralized-amm-cryptocurrency-exchange">Trade with the best decentralized AMM cryptocurrency exchange</h3><p>Do you want to buy, sell, and invest in cryptocurrencies while still having 100% control of your crypto assets? If so, then Melega Finance is for you. MelegaSwap is a leading automated market maker (AMM) decentralized exchange that offers users various options to trade and earn free tokens at high interest rates and low charges.</p><p>At Melega, nobody manages your funds for you because you manage them directly from your wallet, while smart contracts transparently take care of everything else.</p><p>Learn More About the Melega Ecosystem</p><p>DAPP: <a href="https://melega.finance/" rel="noopener noreferrer nofollow">https://melega.finance/</a></p><p>Website:<a href="https://melegaswap.finance/" rel="noopener noreferrer nofollow"> https://melegaswap.finance</a></p><p>Crypto Services Hub: <a href="https://melega.space/" rel="noopener noreferrer nofollow">https://melega.space/</a></p><p>Telegram: <a href="https://t.me/melegacommunity" rel="noopener noreferrer nofollow">https://t.me/melegacommunity</a></p><p>Twitter:<a href="https://twitter.com/melegaexchange" rel="noopener noreferrer nofollow"> </a><a href="https://twitter.com/melegaexchange" rel="noopener noreferrer nofollow">https://twitter.com/meleg</a><a href="https://twitter.com/melegaexchange" rel="noopener noreferrer nofollow">aexchange</a></p><p>Binance Square Page: <a href="https://www.binance.com/en/feed/profile/212703589" rel="noopener noreferrer nofollow">https://www.binance.com/en/feed/profile/212703589</a></p><p>Instagram: <a href="https://www.instagram.com/melega.finance/" rel="noopener noreferrer nofollow">https://www.instagram.com/melega.finance/</a></p><p>YouTube:<a href="https://www.youtube.com/channel/UC_kjHoXOkPSSB4HeHNZMq-Q" rel="noopener noreferrer nofollow"> Melega Finance Official</a></p>

Crypto Weekly Recap: Robinhood Buys Bitstamp; SEC to Delay Ether ETF Approvals; Vitalik Buterin Criticizes Celebrity Memecoins; and More (June 1-8, 2024)

Crypto Weekly Recap: Robinhood Buys Bitstamp; SEC to Delay Ether ETF Approvals; Vitalik Buterin Criticizes Celebrity Memecoins; and More (June 1-8, 2024)

Table of Contents

MelegaSwap

Other articles published on Jun 14, 2024

Bitcoin Cash Offers Lower Fees and Higher Capacity

Qubetics Whitelist And Its Early Bird Perks Baffle Already Stumbling Chainlink And Polkadot!

Orissa Court's Statement: Crypto Dealing is Not Illegal in India

15000% ROI and High Staking Rewards with MoonBag Outshine PopCat and Near Protocol's Volatile Ret...

This Altcoin Continues to Expand in its Target Country – Announces New Investments

Bitcoin Price Prediction: Deeper Drops to $60K Levels on Cards Amid Looming Concerns About ‘Death...

Join our free newsletter for daily crypto updates!