MELEGA

<p>In the past week, the global crypto market has experienced a mix of positive and negative news. Unfortunately, the negative stories took the spotlight.</p><p>One noteworthy event was a Bitcoin user paying an astonishing $3.1 million transaction fee for transferring 139.42 BTC. Also, the CEO of Binance, the world&#39;s largest crypto exchange, has pleaded guilty to inadequate anti-money laundering measures and has stepped down as part of a $4.3 billion settlement with the U.S. Department of Justice.</p><p>If you&#39;re curious about other top news stories you might have missed, MelegaSwap has you covered! Let&#39;s dive in!</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/melegaofc" rel="noopener noreferrer nofollow">&#64;melegaofc</a>) on Twitter for more on all things cryptocurrency.</p><h2 id="header-0">TOP CRYPTO NEWS RECAP (NOVEMBER 19–NOVEMBER 25, 2023)</h2><p>●  Binance CEO Pleads Guilty in $4.3B Settlement with US Authorities</p><p>●  FTX Founder Sam Bankman-Fried Denied Release by Appeals Court</p><p>●  SEC Sues Kraken for Allegedly Commingling Funds and Operating as Unregistered Exchange</p><p>●  Spot Bitcoin ETF: BlackRock and Grayscale meet with the SEC</p><p>●  Montenegro Court Approves Extradition of Do Kwon</p><p>●  HTX Exchange Hacked Again, Losing $30 Million</p><h3 id="binance-ceo-pleads-guilty-in-4-3b-settlement-with-us-authorities">Binance CEO Pleads Guilty in $4.3B Settlement with US Authorities</h3><p>Binance CEO Changpeng Zhao “CZ” has pleaded guilty to one felony charge as part of a $4.3 billion settlement over criminal and civil cases with the exchange.<a href="https://www.binance.com/en/blog/leadership/binance-announcement-reaching-resolution-with-us-regulators-2904832835382364558" rel="noopener noreferrer nofollow"> The settlement </a>with the US Department of Justice will cover &#34;civil regulatory enforcement actions” by government departments, including the US Treasury and Commodity Futures Trading Commission. The US Treasury will receive over $4 billion in penalties, while Binance will be subject to monitoring and reporting requirements and required to file suspicious activity reports for past transactions. CZ has <a href="https://x.com/cz_binance/status/1727063503125766367?s&#61;20" rel="noopener noreferrer nofollow">resigned </a>as CEO, and Richard Teng, the now-former Global Head of Regional Markets of the crypto giant, has assumed the position.</p><h3 id="ftx-founder-sam-bankman-fried-denied-release-by-appeals-court">FTX Founder Sam Bankman-Fried Denied Release by Appeals Court</h3><p>Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, will remain in jail after his bid for release was <a href="https://storage.courtlistener.com/recap/gov.uscourts.nysd.590940/gov.uscourts.nysd.590940.348.0.pdf" rel="noopener noreferrer nofollow">rejected </a>by a United States appellate court. The court cited Bankman-Fried&#39;s alleged witness tampering as the main reason for the rejection. Bankman-Fried had argued that his actions were protected under the First Amendment, but the court ruled that witness tampering falls outside the scope of constitutional protection. SBF, who was found guilty of fraud and money laundering charges, will stay behind bars until his sentencing on March 28, 2024.</p><h3 id="sec-sues-kraken-for-allegedly-commingling-funds-and-operating-as-unregistered-exchange">SEC Sues Kraken for Allegedly Commingling Funds and Operating as Unregistered Exchange</h3><p>The United States Securities and Exchange Commission (SEC) has <a href="https://www.courtlistener.com/docket/68023155/1/securities-and-exchange-commission-v-payward-inc/" rel="noopener noreferrer nofollow">filed a lawsuit</a> against Kraken, accusing the cryptocurrency exchange of commingling customer funds and operating without proper registration. The SEC <a href="https://www.sec.gov/news/press-release/2023-237" rel="noopener noreferrer nofollow">claims </a>that Kraken has been facilitating the buying and selling of cryptocurrencies unlawfully since 2018. The agency also alleges that Kraken&#39;s business practices and internal controls resulted in the commingling of up to $33 billion worth of customer assets with its own, posing a significant risk to clients. Kraken has <a href="https://blog.kraken.com/news/kraken-continues-to-fight-for-its-mission-and-crypto-innovation-in-the-united-states?" rel="noopener noreferrer nofollow">expressed disagreement</a> with the SEC&#39;s complaint and intends to defend itself in court, saying they “plan to vigorously defend our position.”</p><h3 id="spot-bitcoin-etf-blackrock-and-grayscale-meet-with-the-sec">Spot Bitcoin ETF: BlackRock and Grayscale meet with the SEC</h3><p>BlackRock, along with representatives from Nasdaq, met with the U.S. Securities and Exchange Commission (SEC) to discuss the potential listing of a spot Bitcoin exchange-traded fund (ETF). In a <a href="https://www.sec.gov/comments/sr-nasdaq-2023-016/srnasdaq2023016-301739-769762.pdf" rel="noopener noreferrer nofollow">presentation</a>, BlackRock outlined two proposed models for its iShares Bitcoin Trust, involving in-kind or in-cash redemption. The SEC&#39;s response and approval of a spot Bitcoin ETF remain uncertain, but reports suggest that the agency is nearing a decision. Grayscale, another asset manager, <a href="https://x.com/SGJohnsson/status/1727090198637646009?s&#61;20" rel="noopener noreferrer nofollow">also met </a>with SEC officials to discuss its Bitcoin ETF bid. If approved, a spot Bitcoin ETF could be a significant step towards mainstream adoption of cryptocurrencies.</p><h3 id="montenegro-court-approves-extradition-of-do-kwon">Montenegro Court Approves Extradition of Do Kwon</h3><p>A Montenegro court<a href="https://sudovi.me/vspg/sadrzaj/pwEl" rel="noopener noreferrer nofollow"> has approved </a>the extradition of Do Kwon, co-founder of Terraform Labs, to either South Korea or the United States. Kwon was arrested in March 2023 for using forged documents while attempting to flee Montenegro. He was later sentenced to four months in prison for document forgery. The final decision on his extradition will be made by Montenegro&#39;s Minister of Justice. If extradited, Kwon faces a fraud-related civil lawsuit in the US and potential criminal charges. In South Korea, he could face a lengthy jail sentence for his alleged crimes.</p><h3 id="htx-exchange-hacked-again-losing-30-million">HTX Exchange Hacked Again, Losing $30 Million</h3><p>HTX (formerly Huobi Global) suffered its fourth attack in two months, losing $30 million via a hot wallet hack on Nov. 22. The exchange <a href="https://www.htx.com/support/zh-cn/detail/24955033595175" rel="noopener noreferrer nofollow">promised </a>to compensate users for their losses and has already restored services. The previous day, the HTX Eco Chain (HECO) bridge was exploited for $86.6 million. HTX was hacked for $7.9 million in September, followed by a $100 million hack against the Poloniex exchange, a related entity, in November. <a href="https://x.com/justinsuntron/status/1728064872632795480?s&#61;20" rel="noopener noreferrer nofollow">Justin Sun</a>, the Chinese blockchain personality and de-facto owner of HTX, stated that all user assets are safe and that the exchange will compensate for the losses.</p><h2 id="header-1">NEWS FROM MELEGA ECOSYSTEM</h2><h3 id="a-href-https-chonkerinu-com-rel-noopener-noreferrer-nofollow-chonker-inu-chonky-listed-on-melegaswap-farm-pool-a"><a href="https://chonkerinu.com/" rel="noopener noreferrer nofollow">Chonker Inu ($CHONKY) Listed on MelegaSwap Farm &amp; Pool</a></h3><p>Chonker Inu is a decentralized, community-driven project with no central authority. The community is committed to the long-term development of the ecosystem, which will result in real use cases for digital art and a popularity that will outlast any temporary trends.</p><h3 id="a-href-https-burnkingprotocol-com-rel-noopener-noreferrer-nofollow-burn-king-protocol-bkp-partners-with-melega-finance-a"><a href="https://burnkingprotocol.com/" rel="noopener noreferrer nofollow">Burn King Protocol (BKP) Partners With Melega Finance</a></h3><p>The Burn King Protocol (BKP) token is an automatic reward generation protocol with a burning wallet, which automatically reduces the total circulating supply over time. Every time someone buys, sells, or transfers a BKP token, the total supply goes down, and the holders of the token automatically get rewarded. <a href="https://coinmarketcap.com/community/articles/655db370fa75bb3f3a6d0305/" rel="noopener noreferrer nofollow">Learn more.</a></p><h3 id="dogereaperai-drai-pepeburn-pepeburn-and-chefs-coin-chc-are-boosted-on-melega-dex">DogeReaperAI ($DRAI), PepeBurn ($PEPEBURN), and Chefs Coin ($CHC) are Boosted on Melega DEX</h3><p><a href="https://x.com/melegaofc/status/1727257305974964619?s&#61;20" rel="noopener noreferrer nofollow">DogeReaperAI ($DRAI)</a>, <a href="https://x.com/melegaofc/status/1727072883653124441?s&#61;20" rel="noopener noreferrer nofollow">PepeBurn ($PEPEBURN)</a>, and <a href="https://x.com/melegaofc/status/1727348515834359977?s&#61;20" rel="noopener noreferrer nofollow">Chefs Coin ($CHC) </a>crypto projects are on a great trend, and they provided more tokens to reward liquidity providers on MelegaSwap. This is a great opportunity for people to earn rewards by providing liquidity to the MelegaSwap exchange. Meanwhile, $CHC also doubled its farm within the week. To join these Farms and Pools, simply visit our DEX here: <a href="https://melega.finance/" rel="noopener noreferrer nofollow">https://melega.finance/</a></p><h3 id="a-href-https-coinmarketcap-com-community-articles-656092747e90e52bf758910f-rel-noopener-noreferrer-nofollow-dex-raiden-and-melega-finance-forge-a-top-tier-marketing-partnership-dxr-listed-a"><a href="https://coinmarketcap.com/community/articles/656092747e90e52bf758910f/" rel="noopener noreferrer nofollow">Dex Raiden and Melega Finance Forge a Top-tier Marketing Partnership: DXR Listed</a></h3><p>This new partnership will focus on marketing services, cross-marketing, community building, and more, which will be achieved through the combined efforts of the two ecosystems.$DXR is the flagship token of a revolutionary decentralized exchange. Enjoy faster transactions with Dex Raiden, thanks to a revolutionary process that doesn&#39;t require market demand to complete an order. With DXRSWAP, the buyer/seller negotiates directly with the pool and not with other people, and all of this is done automatically, greatly reducing the time of transactions.</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 yes, 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><strong>Learn More About the Melega Ecosystem</strong></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/melegaofc" rel="noopener noreferrer nofollow">https://twitter.com/melegaofc</a></p><p>Binance Feed 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: Binance’s CZ Resigns; SEC Sues Kraken; HTX Hacked Again; and More (Nov. 19–Nov. 25, 2023)

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