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<p>The crypto market had a bullish week, with Bitcoin (BTC) soaring 12.6% and reaching stability around $52,000. This surge pushed its market cap past $1 trillion, highlighting renewed investor confidence. Interestingly, 75% of new Bitcoin investments are linked to recently approved spot Bitcoin ETFs, showcasing their growing impact.</p><p>Beyond the Bitcoin boom, exciting developments abound. Uniswap v4 gears up for launch with Ethereum&#39;s Dencun upgrade, aiming to improve efficiency and scalability. Meanwhile, legal battles heat up, with FTX creditors suing Sullivan &amp; Cromwell and Binance founder CZ&#39;s sentencing postponed. In positive news, Celsius completes a $2 billion crypto distribution to its creditors.</p><p>However, potential challenges loom. Galaxy Digital warns of a possible 20% drop in Bitcoin&#39;s hash rate post-halving. GoFundMe halts fundraising for Tornado Cash&#39;s legal defense, raising concerns about censorship and privacy.</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/melegadex" rel="noopener noreferrer nofollow">&#64;melegadex</a>) on Twitter for more on all things cryptocurrency.</p><h2 id="header-0">TOP CRYPTO NEWS RECAP (FEBRUARY 4–10, 2024)</h2><p>●  Uniswap v4 Set to Launch in Q3 After Ethereum’s Dencun Upgrade</p><p>●  FTX Creditors Sue Sullivan &amp; Cromwell, Alleging Fraud in Bankruptcy Case</p><p>●  Binance Founder CZ&#39;s Sentencing Postponed to April 30</p><p>●  Celsius Completes $2B Crypto Distribution to Creditors</p><p>●  GoFundMe Halts Tornado Cash Legal Defense Crowdfunding</p><p>●  Bitcoin Hash Rate Faces Potential 20% Drop Post-Halving, Says Galaxy Digital</p><h3 id="uniswap-v4-set-to-launch-in-q3-after-ethereum-s-dencun-upgrade">Uniswap v4 Set to Launch in Q3 After Ethereum’s Dencun Upgrade</h3><p>The Uniswap Foundation<a href="https://twitter.com/UniswapFND/status/1758146187318669666?" rel="noopener noreferrer nofollow"> plans to release version 4</a> of its decentralized exchange after Ethereum&#39;s Dencun upgrade, tentatively scheduled for the third quarter of 2024. Currently in the &#34;Code Freeze&#34; phase, Uniswap v4 undergoes rigorous testing, optimization, and security checks. The foundation aims for it to be the most thoroughly audited code on Ethereum. Following community and audit firm assessments, v4 will move to the testnet before its mainnet deployment, contingent on the Dencun upgrade&#39;s progress. Ethereum&#39;s Dencun upgrade introduces EIPs like proto-danksharding to reduce layer 2 transaction fees, with mainnet activation slated for March 13, 2024.</p><h3 id="ftx-creditors-sue-sullivan-cromwell-alleging-fraud-in-bankruptcy-case">FTX Creditors Sue Sullivan &amp; Cromwell Alleging Fraud in Bankruptcy Case</h3><p>FTX creditors have<a href="https://storage.courtlistener.com/recap/gov.uscourts.flsd.662461/gov.uscourts.flsd.662461.1.0.pdf" rel="noopener noreferrer nofollow"> filed a class-action lawsuit </a>against law firm Sullivan &amp; Cromwell (S&amp;C), accusing it of actively participating in FTX Group&#39;s multibillion-dollar fraud. The lawsuit claims S&amp;C knew about FTX&#39;s fraudulent conduct but still stood to gain financially. S&amp;C, overseeing FTX&#39;s bankruptcy, had a prior relationship with the exchange, raising concerns about conflicts of interest. Former FTX executives revealed close ties between the companies. Despite S&amp;C&#39;s denial of wrongdoing, its involvement in FTX&#39;s affairs is under intense scrutiny, prompting calls for an independent examination.</p><h3 id="binance-founder-cz-39-s-sentencing-postponed-to-april-30">Binance Founder CZ&#39;s Sentencing Postponed to April 30</h3><p>Binance&#39;s former CEO, Changpeng Zhao, known as CZ, was slated for sentencing on Feb. 23 for money laundering charges, facing up to 18 months in prison. However, the sentencing has <a href="https://cointelegraph.com/news/binance-founder-changpeng-zhao-sentencing-date-april" rel="noopener noreferrer nofollow">been delayed</a> to April 30, per a Seattle Federal Court filing. While some expect a minimal sentence, the prosecution hinted at the possibility of a longer term, up to ten years. Despite efforts from Zhao&#39;s legal team, including offering his equity in Binance.US as security, his fate remains uncertain as he awaits sentencing on bail.</p><h3 id="celsius-completes-2b-crypto-distribution-to-creditors">Celsius Completes $2B Crypto Distribution to Creditors</h3><p>Celsius, a bankrupt cryptocurrency lender, has <a href="https://cases.stretto.com/public/x191/11749/PLEADINGS/1174902162480000000009.pdf" rel="noopener noreferrer nofollow">successfully distributed </a>$2 billion worth of cryptocurrency to 172,000 creditors. The distribution, managed by PayPal and Coinbase, saw 20,500 Bitcoin and 301,000 Ether tokens transferred without issues. Despite concerns about compliance hurdles, nearly 75% of the BTC/ETH intended for distribution have been collected. However, creditors who didn&#39;t agree to the restructuring plan will have to wait for the resolution of their claims. The completion of this distribution marks a significant milestone in Celsius&#39; journey since filing for bankruptcy in July 2022.</p><h3 id="gofundme-halts-tornado-cash-legal-defense-crowdfunding">GoFundMe Halts Tornado Cash Legal Defense Crowdfunding</h3><p>GoFundMe <a href="https://x.com/RyanSAdams/status/1758103761589801009?s&#61;20" rel="noopener noreferrer nofollow">abruptly terminated</a> a fundraiser aimed at supporting the legal defense of Tornado Cash co-founder Roman Storm and developer Alexey Pertsev. The platform cited a breach of its terms of service, specifically Term 22, which prohibits campaigns that could expose GoFundMe to harm or liability. Despite accumulating $30,000 in donations, the fundraiser was canceled, prompting questions from the Tornado Cash community about GoFundMe&#39;s actions. Donors, including Ryan Adams, had their contributions returned, while Storm and Pertsev continue to seek financial support through other platforms like JuiceBox.</p><h3 id="bitcoin-hash-rate-faces-potential-20-drop-post-halving-says-galaxy-digital">Bitcoin Hash Rate Faces Potential 20% Drop Post-Halving, Says Galaxy Digital</h3><p><a href="https://www.galaxy.com/insights/research/bitcoin-big-halving-year/" rel="noopener noreferrer nofollow">Galaxy Digital&#39;s research suggests</a> that up to 20% of Bitcoin&#39;s hash rate might go offline after the upcoming halving, as older mining rigs struggle to break even with reduced block rewards. The report highlights how sensitive breakevens are to Bitcoin&#39;s price and transaction fees, indicating potential shutdowns of older models like Bitmain&#39;s S9 and Canaan&#39;s A1066. Newer, more efficient models like the Antminer S19 are expected to fare better.</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/melegadex" rel="noopener noreferrer nofollow">https://twitter.com/melegadex</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: CZ Sentencing Delayed; Uniswap v4 Gears For Launch; GoFundMe Stops Tornado Cash Defense; and More (Feb. 11-17, 2024)

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