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<p>This past week has been full of exciting stories, from the frenzy around meme coins that made some traders turn a few thousand dollars into millions in just a few hours to U.S. banking giants like Goldman Sachs being revealed as BlackRock ETF "Authorized Participants."</p><p>Even though Bitcoin only dropped by 0.71% in the last seven days, new reports revealed that Bitcoin purchased between March 9–13 and March 25–29 is currently at a loss, representing just 0.16%. This means that out of the last 3,732 tradable days, only six days were not profitable for Bitcoin investors, making up just 0.16% of all days since its launch over 14 years ago on Jan. 3, 2009.</p><p>So, let's jump into the top six most exciting news stories of the week and catch up on anything you might have missed. Buckle up; it's gonna be a wild ride!</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/melega_swap" rel="noopener noreferrer nofollow">@melega_swap</a>) on Twitter for more on all things cryptocurrency.</p><h2 id="header-0">TOP CRYPTO NEWS RECAP (March 31–April 6, 2024)</h2><p>● BlackRock Expands Bitcoin ETF with Five Major Wall Street Firms</p><p>● Montenegro Supreme Court Reevaluates Do Kwon’s Extradition</p><p>● Binance Exchange Phases Out Bitcoin NFT Support</p><p>● Ripple Set to Launch USD Stablecoin, Eyes Market Expansion</p><p>● OneCoin Legal Head Sentenced to 4 Years for $4 Billion Crypto Fraud</p><p>● Binance Establishes First-Ever Board of Directors</p><h3 id="blackrock-expands-bitcoin-etf-with-five-major-wall-street-firms">BlackRock Expands Bitcoin ETF with Five Major Wall Street Firms</h3><p>BlackRock has <a href="https://twitter.com/EricBalchunas/status/1776229982559223971" rel="noopener noreferrer nofollow">updated </a>its Bitcoin ETF prospectus, incorporating five significant Wall Street firms as new authorized participants: ABN AMRO, Citadel Securities, Citigroup Global Markets, Goldman Sachs, and UBS Securities. This addition is a substantial move, signaling increased institutional interest in cryptocurrency and strengthening the operational framework of the ETF. The SEC’s cash transaction mechanism for ETF share creation and redemption aims to mitigate market manipulation risks, aligning with industry efforts to ensure price stability and investor confidence.</p><h3 id="montenegro-supreme-court-reevaluates-do-kwon-s-extradition">Montenegro Supreme Court Reevaluates Do Kwon’s Extradition</h3><p>Montenegro's Supreme Court<a href="https://sudovi.me/vrhs/sadrzaj/QnEA" rel="noopener noreferrer nofollow"> has nullified</a> a lower court's ruling on Terraform Labs co-founder Do Kwon's extradition, sending the case back for reevaluation. The court will decide whether Kwon is extradited to the U.S. or South Korea, both of which have levied criminal charges against him. This decision follows Kwon's arrest in Montenegro in March 2023 for using falsified documents, with the Supreme Court critiquing procedural violations in the appellate court's handling of his extradition appeal.</p><h3 id="binance-exchange-phases-out-bitcoin-nft-support">Binance Exchange Phases Out Bitcoin NFT Support</h3><p>The world’s leading centralized exchange, Binance <a href="https://www.binance.com/en/support/announcement/binance-nft-update-on-bitcoin-nfts-2c2fb8f1f5e9421e8f777407a58df111" rel="noopener noreferrer nofollow">announced </a>it will end support for Bitcoin Ordinals, or Bitcoin NFTs, on its NFT marketplace by April 18, advising users to withdraw their NFTs before May 18, 2024. This move aims to streamline product offerings and follows the surge in popularity of Bitcoin NFTs since late 2022. The decision marks a shift away from embedding digital art and content directly on the Bitcoin blockchain, a feature that had clogged the network and increased transaction fees.</p><h3 id="ripple-set-to-launch-usd-stablecoin-eyes-market-expansion">Ripple Set to Launch USD Stablecoin, Eyes Market Expansion</h3><p>Ripple, the payment firm behind the XRP crypto coin, <a href="https://www.cnbc.com/2024/04/04/crypto-firm-ripple-to-launch-us-dollar-stablecoin.html" rel="noopener noreferrer nofollow">plans to introduce</a> a US dollar-backed stablecoin, targeting a share in the <a href="https://www.coinlore.com/stablecoins" rel="noopener noreferrer nofollow">stablecoin market</a> projected to reach $2 trillion by 2028. The stablecoin aims to compete with major players like Circle’s USDC and Tether's USDT, focusing on compliance and transparency. Initially issued on the XRP Ledger and Ethereum blockchain, it seeks to diversify and robustify the stablecoin ecosystem. Ripple emphasizes a "compliance-first" approach, backing the stablecoin with U.S. dollar deposits, Treasurys, and cash equivalents.</p><h3 id="onecoin-legal-head-sentenced-to-4-years-for-4-billion-crypto-fraud">OneCoin Legal Head Sentenced to 4 Years for $4 Billion Crypto Fraud</h3><p>Irina Dilkinska, the former head of legal and compliance for OneCoin, <a href="https://www.reuters.com/legal/government/onecoin-legal-officer-gets-4-years-prison-crypto-scheme-2024-04-03/" rel="noopener noreferrer nofollow">has been sentenced</a> to four years in prison for her role in laundering millions through the $4 billion Ponzi scheme. United States District Judge Edgardo Ramos also ordered her to forfeit $111 million as restitution. Despite her intelligence, Dilkinska was criticized for not leaving the scheme sooner, highlighting the significant legal consequences of her involvement in the massive fraud.</p><h3 id="binance-establishes-first-ever-board-of-directors">Binance Establishes First-Ever Board of Directors</h3><p>Binance Holdings has <a href="https://www.bloomberg.com/news/articles/2024-04-01/crypto-exchange-binance-names-its-first-board-of-directors" rel="noopener noreferrer nofollow">introduced </a>a seven-person board of directors, marking a significant organizational change. Gabriel Abed, former ambassador of Barbados to the UAE, chairs this new board, which includes both company executives and independent members. This move comes after a settlement with U.S. authorities, requiring Binance to pay $4.3 billion in penalties and establish a board with independent members and compliance committees.</p><h2 id="header-1">NEWS FROM MELEGA ECOSYSTEM</h2><h3 id="a-href-https-www-nynycoins-com-rel-noopener-noreferrer-nofollow-newyorknewyork-coins-nynyc-farm-pool-listed-on-on-melegaswap-a"><a href="https://www.nynycoins.com/" rel="noopener noreferrer nofollow">NewYorkNewYork Coins (NYNYC) Farm &amp; Pool Listed on on MelegaSwap</a></h3><p>NYNYC aims to optimize its marketing budget by allocating a portion to yield-generating assets. This strategy provides additional revenue streams that can be reinvested in further development, marketing initiatives, and rewarding holders of BNB through NYNYC. The ultimate vision is to establish NYNYC as a leading force at the intersection of AI technology and the blockchain ecosystem. By expanding globally and developing diverse projects that merge trading and gaming, NYNYC intends to usher in a new era for its community.</p><h3 id="a-href-https-gempad-app-presale-0x2fa6f6f900b57c61088be64c853cdeed6580c484-network-bnb_smart_chain-rel-noopener-noreferrer-nofollow-melega-secures-a-new-strategic-partnership-with-farmer-coin-farm-a"><a href="https://gempad.app/presale/0x2FA6F6f900B57c61088bE64c853CdeeD6580C484?network=BNB_Smart_Chain" rel="noopener noreferrer nofollow">Melega Secures a New Strategic Partnership With Farmer Coin (FARM)</a></h3><p>We are proud to unveil a strategic marketing partnership with Farmer Coin (FARM) as they prepare for their upcoming presale on April 10th at 12:24 pm UTC. Farmer Coin is an innovative project aimed at leveraging blockchain technology to elevate the value and significance of agricultural work. By embracing digital asset technology, Farmer Coin (FARM) aims to empower the agricultural sector and its operators with a wealth of new opportunities.</p><h3 id="a-href-https-ferscoin-net-rel-noopener-noreferrer-nofollow-ferscoin-fr-farm-pool-listed-on-melegaswap-a"><a href="https://ferscoin.net/" rel="noopener noreferrer nofollow">FERSCOIN (FR) Farm &amp; Pool Listed on MelegaSwap</a></h3><p>Empowering Kurdistan’s financial landscape, Fers Coin stands as the region’s first and finest cryptocurrency, ushering in a new era of economic growth and financial empowerment</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/melega_swap" rel="noopener noreferrer nofollow">https://twitter.com/melega_swap</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: Wall Street Giants Join BlackRock ETF; Ripple to Launch Stablecoin; Binance Charts New Direction; and More (March 31–April 6, 2024)

Crypto Weekly Recap: Wall Street Giants Join BlackRock ETF; Ripple to Launch Stablecoin; Binance Charts New Direction; and More (March 31–April 6, 2024)

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