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<p>This past week brought a range of exciting developments in the cryptocurrency space. These included the launch of the first-ever Ethereum ETF in the US and the Bitcoin 2024 Event, where prominent American senators and presidential candidates such as Robert F. Kennedy Jr. and Donald Trump delivered speeches.</p><p>Despite these advancements, Bitcoin fell short of reaching the $70,000 mark, although it did surpass $69,000 after dropping to around $63,000 earlier in the week. Ultimately, Bitcoin only saw a 1% increase for the entire week.</p><p>Similarly, despite the buzz surrounding the introduction of Ethereum ETFs from major companies like BlackRock, Fidelity, and Grayscale, Ether experienced a 7.75% drop over the week.</p><p>We have curated a selection of the six most noteworthy news stories from the previous week. Join us as we delve into the most impactful events of the past seven days.</p><p>For transparent and decentralized crypto trading and to list your crypto token for free, <a href="https://melega.finance/" rel="noopener noreferrer nofollow">visit our website</a> and follow Melega Finance (<a href="https://x.com/meleganews" rel="noopener noreferrer nofollow">&#64;meleganews</a>) on X for more on all things cryptocurrency.</p><h2 id="header-0">TOP CRYPTO NEWS RECAP (Jul. 21-27, 2024)</h2><p>●  Trump Promises to Make US the Crypto Capital</p><p>●  Robert F. Kennedy Jr. Plans to Integrate Bitcoin Into US Economic Policy</p><p>●  Major Firms Launch Ether ETFs on Cboe, Nasdaq, and NYSE</p><p>●  Coinbase Expands Board with High-Profile Appointments</p><p>●  SEC Greenlights Grayscale Bitcoin Mini Trust</p><p>●  WazirX Introduces 55/45 Fund Recovery Plan Following $230 Million Hack</p><h3 id="trump-promises-to-make-us-the-crypto-capital">Trump Promises to Make US the Crypto Capital</h3><p>At the Bitcoin 2024 conference in Nashville, former President <a href="https://apnews.com/article/donald-trump-bitcoin-cryptocurrency-stockpile-6f1314f5e99bbf47cc3ee6fc6178588d" rel="noopener noreferrer nofollow">Donald Trump vowed </a>to make the U.S. the world’s leading hub for cryptocurrency if re-elected. Trump admired Bitcoin, likening its potential to the early steel industry, and predicted it could surpass gold in value.</p><p>He also pledged to enhance electricity production using fossil fuels and reduce incentives for electric vehicles. In addition, he vowed to fire Gary Gensler on his first day at the Oval Office.</p><h3 id="robert-f-kennedy-jr-plans-to-integrate-bitcoin-into-us-economic-policy">Robert F. Kennedy Jr. Plans to Integrate Bitcoin Into US Economic Policy</h3><p>Independent presidential candidate Robert F. Kennedy Jr. <a href="https://x.com/AutismCapital/status/1816951410728317217" rel="noopener noreferrer nofollow">proposed </a>sweeping Bitcoin reform during the Bitcoin 2024 conference on July 26. Kennedy plans to sign executive orders integrating Bitcoin into US economic policy on his first day in office.</p><p>He aims to transfer the 204,000 BTC held by the US to the Federal Reserve, buy 500 BTC daily until reaching a reserve of four million BTC, and make Bitcoin transactions tax-free. Kennedy argues that Bitcoin could rejuvenate the US economy, enhance financial stability, and foster global dominance.</p><h3 id="major-firms-launch-ether-etfs-on-cboe-nasdaq-and-nyse">Major Firms Launch Ether ETFs on Cboe, Nasdaq, and NYSE</h3><p>Ether ETFs made a robust debut on Tuesday, <a href="https://cointelegraph.com/news/spot-ethereum-etfs-surpass-1-billion-trading-volume-on-day-1" rel="noopener noreferrer nofollow">trading over </a>$1.08 billion in shares, led by Grayscale&#39;s Ethereum Trust, iShares Ethereum Trust, and Fidelity Advantage Ether ETF. The launch follows January&#39;s successful bitcoin ETFs and is poised to bolster cryptocurrency&#39;s mainstream adoption.</p><p>Despite trailing Bitcoin&#39;s debut volumes, analysts predict significant monthly inflows, potentially reaching $1 billion. Market stability and legitimacy are expected to benefit, although concerns persist over the SEC&#39;s exclusion of staking mechanisms.</p><h3 id="coinbase-expands-board-with-high-profile-appointments">Coinbase Expands Board with High-Profile Appointments</h3><p>Cryptocurrency exchange Coinbase has <a href="https://www.coinbase.com/en-au/blog/coinbase-lehane-clement-davies-join-board-of-directors" rel="noopener noreferrer nofollow">announced </a>three new board members, including Chris Lehane, a senior executive at OpenAI and former political strategist for President Bill Clinton. Lehane, who has previously helped Airbnb become a global legal operator, will offer strategic guidance as Coinbase navigates the evolving crypto regulatory landscape.</p><p>Joining him are Christa Davies, the ex-CFO of Aon and Microsoft, who will oversee financial operations, and Paul Clement, a prominent lawyer and former solicitor general who will assist Coinbase in its legal challenges with the SEC.</p><h2 id="header-1">SEC Greenlights Grayscale Bitcoin Mini Trust</h2><p>The U.S. Securities and Exchange Commission has <a href="https://www.theblock.co/post/307874/sec-approves-grayscale-bitcoin-mini-trust-awaiting-registration-statement-greenlight?utm_source&#61;rss&amp;utm_medium&#61;rss" rel="noopener noreferrer nofollow">approved </a>Grayscale&#39;s Grayscale Bitcoin Mini Trust (BTC), a scaled-down version of its Grayscale Bitcoin Trust (GBTC). This approval, granted on Friday, pertains to the 19b-4 form for the new mini-trust, which is set to issue shares to existing GBTC shareholders.</p><p>The move is part of Grayscale&#39;s effort to offer a new spot for the Bitcoin exchange-traded product (ETP) on NYSE Arca. Grayscale is now awaiting the registration statement&#39;s effectiveness to finalize BTC’s operational status.</p><p>WazirX Introduces 55/45 Fund Recovery Plan Following $230 Million Hack</p><p>Indian crypto exchange WazirX has <a href="https://x.com/WazirXIndia/status/1817017630877974650" rel="noopener noreferrer nofollow">unveiled </a>a recovery strategy following a cyberattack that stole around $230 million, impacting 45% of user funds. The platform&#39;s new 55/45 approach allows users immediate access to 55% of their assets while the remaining 45% will be locked in Tether (USDT) tokens.</p><p>This strategy aims to minimize user disruption and evenly distribute the financial impact. WazirX will provide detailed recovery options via email, with a response deadline of August 3. Operations will resume post-poll.</p><h2 id="header-2">NEWS FROM THE MELEGASWAP ECOSYSTEM</h2><h3 id="a-href-https-trumplive-vip-rel-noopener-noreferrer-nofollow-trump-live-trump-farm-pool-listed-on-melegaswap-a"><a href="https://trumplive.vip/" rel="noopener noreferrer nofollow">Trump Live ($TRUMP) Farm &amp; Pool Listed on MelegaSwap</a></h3><p>If you missed $MAGA, don’t stay out of $TRUMP. Trump Live will be the biggest meme in support of the United States Presidential Candidate, Donald Trump.</p><h3 id="a-href-https-gempad-app-presale-0xc33baac2ba0dec447ab137e1bf187a370a41e33d-network-61-polygon-rel-noopener-noreferrer-nofollow-melega-marco-presale-on-polygon-a"><a href="https://gempad.app/presale/0xc33bAaC2ba0dec447ab137E1bF187A370A41e33d?network&#61;Polygon" rel="noopener noreferrer nofollow">Melega (MARCO) Presale on Polygon</a></h3><p>MELEGA (MARCO), MelegaSwap&#39;s flagship utility token, drives the fast-growing black AMM DEX on the BNB and BASE Chains. It is now extending its reach to the POLYGON Chain.</p><h3 id="aivoice-is-boosted-on-melegaswap">AIVOICE is boosted on MelegaSwap</h3><p>The $AIV team has decided to enhance the FARM&amp;POOL liquidity program by maximizing the APR and potential participation from users. More opportunities to join a successful project by maximizing your earnings. Join here: <a href="https://melega.finance/pools" rel="noopener noreferrer nofollow">https://melega.finance/pools</a></p><h3 id="">•••</h3><p><em>Risk warning: 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><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>X: <a href="https://twitter.com/meleganews" rel="noopener noreferrer nofollow">https://twitter.com/meleg</a><a href="https://twitter.com/meleganews" rel="noopener noreferrer nofollow">anews</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: Ether ETF Live; Trump Shares Crypto Plans; WazirX Reveals Recovery Plan; & More (Jul 21-27, 2024)

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