MELEGA

<p>The cryptocurrency market emerged stronger from the ongoing traditional banking crisis, with the global market cap topping nearly $1.18 trillion on CoinMarketCap. In the past week, Bitcoin (BTC) has also risen to levels of dominance last seen almost a year ago, with the price of BTC rising by an astounding 30% in just 5 days to over $27,750. All of these bullish trends took place as some crypto-friendly banks were experiencing financial difficulties.</p><h2 id="header-0">Top crypto stories between March 12 and March 18</h2><p>● Bitcoin’s (BTC) Market Dominance Reaches New Highs</p><p>● Euler Finance suffered almost $200 million in exploitation.</p><p>● The UniSwap exchange is now available on the BNB Chain.</p><p>● SVB Financial Group begins Chapter 11 protection filings.</p><p>● Meta removes NFT functionalities from Facebook and Instagram.</p><p>● A class action lawsuit has been filed against FTX YouTube influencers.</p><h3 id="bitcoin-s-btc-market-dominance-reaches-new-highs">Bitcoin’s (BTC) Market Dominance Reaches New Highs</h3><p>A recent <a href="https://www.tradingview.com/chart/BTC.D/lQwmulXR-BTC-D-8H-Chart/" rel="noopener noreferrer nofollow">TradingView chart</a> shows that Bitcoin dominance, defined as the percentage of the crypto market's total capitalization held by the world's largest digital currency, BTC, reached its highest level in nine months, surpassing 45.5%.</p><p>The increase in Bitcoin's market share comes after the coin this week crossed the $27,000 mark, representing its highest level since last June. This was a significant increase from the decline to new two-month lows below the $20,000 mark two weeks ago.</p><p>As we mentioned in our <a href="https://www.binance.com/en/feed/post/298171" rel="noopener noreferrer nofollow">last week's recap</a>, the earlier decline was caused by broader risk-off flows as a result of a series of failed American banks, including Silicon Valley and Silvergate, the two most prominent banks that are friendly to cryptocurrencies and technology.</p><p>While the sudden spike in BTC dominance might suggest that a bull run is on the way, many market analysts remain cautious, believing that a slight correction will emerge before the final, notable, and consistent bull run might start.</p><h3 id="euler-finance-suffered-almost-200-million-in-exploitation">Euler Finance suffered almost $200 million in exploitation</h3><p>On March 13, a flash loan attack that got away with millions of dollars' worth of cryptocurrencies was launched against the Ethereum-based decentralized lending platform Euler Finance. The exploiter stole about $197 million, making it the biggest hack of 2023 so far.</p><p>It's interesting that this attack happened despite the lender having up to 10 audits from six different companies in the previous two years.</p><p>However, the platform offered the exploiter nearly $20 million in exchange for the return of the stolen funds. The hacker appeared uninterested in the deal, as on-chain data shows that he has begun to mix some tokens into Tornado Cash, a crypto-mixing service provider. Now, a $1 million reward is being offered for information that results in the perpetrator's capture.</p><h3 id="the-uniswap-exchange-is-now-available-on-the-bnb-chain">The UniSwap exchange is now available on the BNB Chain</h3><p>The decentralized exchange Uniswap is now active on Binance's BNB Chain, a blockchain network that supports smart contracts like the Ethereum network.</p><p>This was the outcome of a governance proposal by 0x Plasma Labs to launch Uniswap v3 on BNB Chain in February 2023, which received support from over 55 million UNI token holders.</p><p>The need for Uniswap to broaden its influence and possibly spur further growth and adoption of decentralized finance led to the presentation of the proposal, which was approved successfully (DeFi).</p><h3 id="svb-financial-group-begins-chapter-11-protection-filings">SVB Financial Group begins Chapter 11 protection filings.</h3><p>Troubled SVB Financial Group has voluntarily petitioned the US Bankruptcy Court for a Chapter 11 restructuring under court supervision in order to protect value. The funds of SVB Capital, its venture capital arm, and SVB Securities, a broker-dealer, as well as funds of general partner entities, are not subject to the bankruptcy proceedings, the company <a href="https://www.prnewswire.com/news-releases/svb-financial-group-commences-chapter-11-proceeding-to-preserve-value-301774997.html" rel="noopener noreferrer nofollow">announced </a>on March 17.</p><p>However, the businesses will carry on as usual while SVB Financial Group continues to look at strategic options for its businesses. The business then stated that it actually believes it has about $2.2 billion in liquid assets.</p><h3 id="meta-removes-nft-functionalities-from-facebook-and-instagram">Meta removes NFT functionalities from Facebook and Instagram.</h3><p>Facebook, Instagram, and WhatsApp's parent company, Meta, recently announced that it is "winding down" support for non-fungible tokens (NFTs) on its social media platforms.</p><p>Stephane Kasriel, Meta's head of commerce and financial technologies, made the <a href="https://twitter.com/skasriel/status/1635386565487898624?s=20" rel="noopener noreferrer nofollow">announcement </a>on Twitter on March 13.</p><p>According to her, the company will soon stop testing the ability to mint and sell NFTs on Instagram as well as share them on Facebook and Instagram. The Meta executive made it clear that the business is currently concentrating on "areas where we can make an impact at scale," such as messaging and monetization on Reels, and boosting Meta Pay.</p><h3 id="a-class-action-lawsuit-has-been-filed-against-ftx-youtube-influencers">A class-action lawsuit has been filed against FTX YouTube influencers.</h3><p>The <a href="https://storage.courtlistener.com/recap/gov.uscourts.flsd.638960/gov.uscourts.flsd.638960.1.0.pdf" rel="noopener noreferrer nofollow">class action lawsuit</a>, filed in the United States District Court for the Southern District of Florida, Miami division, claims that some prominent YouTube influencers promoted the sale of FTX's YBAs to their millions of followers without disclosing how much they were compensated by the exchange. The YBAs, according to them, are unregistered securities.</p><p>The lawsuit asserts that influencers were heavily involved in the<a href="https://medium.com/@melega/the-aftermath-of-the-ftx-fall-key-lessons-we-need-to-learn-melegaswap-1d70d64cb8a0" rel="noopener noreferrer nofollow"> FTX disaster</a> and that FTX would not have reached such heights without the significant influence of these influencers, who promoted the "deceptive FTX platform" in exchange for private payments that ranged from thousands of dollars to millions of dollars in bribes.</p><h2 id="header-1">NEW CRYPTO LISTINGS ON MELEGASWAP</h2><h3 id="a-href-https-fortnite-token-gitbook-io-fortnite-token-rel-noopener-noreferrer-nofollow-fortnite-token-fnt-a"><a href="https://fortnite-token.gitbook.io/fortnite-token/" rel="noopener noreferrer nofollow">Fortnite Token (FNT)</a></h3><p>The Fortnite Token (FNT) cryptocurrency token itself comes from the idea of disrupting routine and redefining how wealth can be acquired, which by its very nature goes against traditional processes.</p><h3 id="a-href-https-mrrabbit-io-rel-noopener-noreferrer-nofollow-mr-rabbit-coin-mrabbit-a"><a href="https://mrrabbit.io/" rel="noopener noreferrer nofollow">Mr Rabbit Coin (MRABBIT)</a></h3><p>Mr. Rabbit Coin (MRABBIT) is a token that was born for Asian culture lovers in general. It is developed based on the ENMT BEP20 token, with absolute security.</p><h3 id="a-href-https-btcf-info-en-rel-noopener-noreferrer-nofollow-bitcoin-future-btcf-a"><a href="https://btcf.info/en" rel="noopener noreferrer nofollow">Bitcoin Future (BTCF)</a></h3><p>Bitcoin Future (BTCF) is the world's first cryptocurrency used as an intermediary in exchanging products, goods, and services between the merchant community and the consumer community. BTCF's goal is to be an asset for storing value. The orientation is to become the “Bitcoin of the Future."</p><h3 id="a-href-https-linktr-ee-belifex-rel-noopener-noreferrer-nofollow-belifex-befx-a"><a href="https://linktr.ee/belifex" rel="noopener noreferrer nofollow">Belifex (BEFX)</a></h3><p>Belifex Blockchain Solutions is an open-source public blockchain and cryptocurrency project. This project will be the beginning of a new era with the project MVP called BeliPay, the ultrasonic speed Gateway/Processor Platform</p><p>NOTE: Belifex suffered from a “self-destruction” exploit in their Belifex contract. Due to this, all BEFX started to disappear from everyone’s wallet. The total supply from BEFX started to decrease and hit zero.</p><p>However, the BEFX team has already sent an AIRDROP to ALL MelegaSwap liquidity providers to restore all the BNB and MARCO values lost in the exploit with a 1:1 ratio and all the BEFX with a 7:1 ratio. Check out the full details here: <a href="https://t.me/belifex_announcement/280" rel="noopener noreferrer nofollow">https://t.me/belifex_announcement/280</a></p><h3 id="dogwars-dowa">Dogwars (DOWA)</h3><p>This is a crypto and gaming project with a sci-fi shooter game under development for mobile and PC devices. As NFTs, Dogwars will release characters, exclusive weapons, and other amazing in-game items!</p><h3 id="a-href-https-www-whexcosystem-com-rel-noopener-noreferrer-nofollow-whale-exploder-whex-a"><a href="https://www.whexcosystem.com/" rel="noopener noreferrer nofollow">Whale Exploder (WHEX)</a></h3><p>The Whale Exploder (WHEX) token is the start of the Whale Exploder ecosystem. It was created on June 19, 2021, and is a DeFi token on the Binance Smart Chain. A portion of the transaction fees gets donated to whale conservation charities.</p><h3 id="a-href-https-bep40-com-rel-noopener-noreferrer-nofollow-bep40-com-bep40-a"><a href="https://bep40.com/" rel="noopener noreferrer nofollow">Bep40.com (BEP40) </a></h3><p>The BEP40 token grants holders access to an ecosystem of crypto-related products, including the BEP40 App, crypto exchange, and NFT marketplace.</p><h3 id="a-href-https-allspot-store-rel-noopener-noreferrer-nofollow-allspot-alt-a"><a href="https://allspot.store/" rel="noopener noreferrer nofollow">Allspot (ALT)</a></h3><p>The vision of Allspot is to build a simple, secure, and advantageous tool for managing contracts in international trade, with decentralized lending, payment, and insurance facilities. These innovation-leading tools will connect international trade with decentralized finance (DeFi).</p><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><h2 id="header-2">•••</h2><h2 id="header-3"></h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/527570f94b034330b5f26816f46dfce7.png"><h2 id="header-4">Trade with the best decentralized AMM cryptocurrency exchange</h2><p><em>Do you want to buy, sell, and invest in cryptocurrencies and still have 100% control over your crypto assets? If yes, then Melega Finance is for you. <strong>MelegaSwap</strong> is a leading automated market maker (AMM) decentralized exchange that provides users with a variety of options to trade and earn free tokens at extraordinarily high-interest rates and low charges.</em></p><p><em>At Melega, nobody manages your funds for you because you manage them directly from your personal wallet, while smart contracts transparently take care of everything else.</em></p><p><strong>Learn More About the Melega Ecosystem</strong></p><p>Website: <a href="https://melegaswap.finance/" rel="noopener noreferrer nofollow">https://melegaswap.finance</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/meleganza" rel="noopener noreferrer nofollow">https://twitter.com/meleganza</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><p>DAPP: <a href="https://melega.finance/" rel="noopener noreferrer nofollow">https://melega.finance/</a></p><p>Crypto Services Hub: <a href="https://melega.space/" rel="noopener noreferrer nofollow">https://melega.space/</a></p>

March 12-18 Crypto News Recap: BTC’s Dominance Nears 50%, Euler Finance Hacked, UniSwap on BNB Chain, and SVB File Chapter 11

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Melega Labs

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