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<p>Bitcoin (BTC) neared $60,000 after the Wall Street opening on September 13, coinciding with gold hitting a new all-time high. By the weekend, BTC surpassed $60,000, pushing the total cryptocurrency market cap above $2.1 trillion after weeks below that level.</p><p>While some worry about the bearish market, major players like MicroStrategy see it as a buying opportunity. The publicly traded software company announced it acquired about 18,300 Bitcoin between August 6 and September 12, costing $1.11 billion at an average price of $60,408 per Bitcoin. Under CEO Michael Saylor, the company has steadily increased its Bitcoin holdings since its first purchase in August 2020.</p><p>In other news, Congressman John Rose introduced a bill on September 12 to create a joint advisory committee on digital assets between the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), aiming for better collaboration.</p><p>We’ve compiled six key crypto stories from the past week to keep you updated. Check them out below!</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">@meleganews</a>) on X for more on all things cryptocurrency.</p><h2 id="header-0">TOP CRYPTO NEWS RECAP (September 8-14, 2024)</h2><p>● Jailed FTX CEO Sam Bankman-Fried Appeals Felony Conviction</p><p>● Crypto Influences Voter Decisions in US Presidential Election</p><p>● SEC's Regulatory Overreach Costs Retail Investors $15 Billion</p><p>● Trump to Launch World Liberty Financial Crypto Platform on Sept. 16</p><p>● North Korean Hackers Target Bitcoin ETFs Amid Security Concerns</p><p>● UK Government Proposes Legislation to Define Crypto as Property</p><h3 id="jailed-ftx-ceo-sam-bankman-fried-appeals-felony-conviction">Jailed FTX CEO Sam Bankman-Fried Appeals Felony Conviction</h3><p>Sam Bankman-Fried, the former CEO of FTX, has <a href="https://cointelegraph.com/news/sam-bankman-fried-appeal-fraud-conviction-sentence" rel="noopener noreferrer nofollow">filed an appeal </a>against his conviction on seven felony counts and a 25-year prison sentence. In a 102-page brief submitted to the U.S. Court of Appeals for the Second Circuit, his lawyers argue that he was not presumed innocent and that the jury only received partial information about FTX's financial status. They claim prosecutors created a false narrative of insolvency, asserting that FTX had sufficient assets to repay customers. The legal team seeks a new trial with a different judge.</p><h3 id="crypto-influences-voter-decisions-in-us-presidential-election">Crypto Influences Voter Decisions in US Presidential Election</h3><p>A<a href="https://www.gemini.com/blog/introducing-the-2024-global-state-of-crypto-report" rel="noopener noreferrer nofollow"> recent survey by Gemini</a> reveals that 73% of US cryptocurrency owners will consider candidates' positions on crypto regulation when voting in the upcoming presidential election. The report indicates that this marks the first time crypto has become a significant campaign issue in US history. Additionally, 37% of respondents believe a candidate's stance on crypto will significantly impact their vote. Despite rising regulatory concerns—cited by 38% of participants as a barrier to crypto investment—crypto ownership has slightly increased, reflecting a growing interest in the sector.</p><h3 id="sec-s-regulatory-overreach-costs-retail-investors-15-billion">SEC's Regulatory Overreach Costs Retail Investors $15 Billion</h3><p>Pro-crypto attorney John Deaton <a href="https://x.com/JohnEDeaton1/status/1834604752853713350" rel="noopener noreferrer nofollow">claims </a>the SEC's excessive intervention in the cryptocurrency sector has led to over $15 billion in losses for retail investors. Deaton, a Republican Senate candidate, criticized the SEC's "gross overreach" and expressed intentions to hold the agency accountable, especially since Senator Elizabeth Warren has not. This statement follows a significant shift in the SEC's stance, as it now acknowledges that cryptocurrencies are not securities. The SEC has also ramped up enforcement, imposing nearly $4.7 billion in actions against crypto firms in 2024, a 3,000% increase from the previous year.</p><h3 id="trump-to-launch-world-liberty-financial-crypto-platform-on-sept-16">Trump to Launch World Liberty Financial Crypto Platform on Sept. 16</h3><p>Donald Trump <a href="https://x.com/realDonaldTrump/status/1834311432982135015" rel="noopener noreferrer nofollow">announced </a>the launch of his crypto project, World Liberty Financial, set for September 16. In a video on X, he emphasized the platform's aim to modernize finance, positioning it as a decentralized finance (DeFi) service for borrowing and lending. His sons, Donald Jr. and Eric Trump, will manage the project and aim to utilize US dollar-pegged stablecoins. However, sentiment is mixed, with some critics questioning the timing amid Trump's presidential campaign and concerns over scams targeting the venture.</p><h3 id="north-korean-hackers-target-bitcoin-etfs-amid-security-concerns">North Korean Hackers Target Bitcoin ETFs Amid Security Concerns</h3><p>North Korean hackers, particularly the notorious Lazarus Group, are <a href="https://cointelegraph.com/news/bitcoin-etfs-major-target-north-korean-hackers-cyvers" rel="noopener noreferrer nofollow">reportedly </a>shifting their focus to U.S.-based Bitcoin exchange-traded funds (ETFs), which hold a staggering $52 billion in assets. Michael Pearl from Cyvers warns that these funds could be vulnerable to infiltration, with potential risks extending to related companies. The FBI has recently issued warnings about impending attacks. The threat of a significant hack could prompt stricter regulatory measures in the U.S. and beyond, highlighting the urgent need for enhanced cybersecurity in the crypto industry.</p><h3 id="uk-government-proposes-legislation-to-define-crypto-as-property">UK Government Proposes Legislation to Define Crypto as Property</h3><p>The UK government has <a href="https://www.gov.uk/government/news/new-bill-introduced-in-parliament-to-clarify-cryptos-legal-status" rel="noopener noreferrer nofollow">introduced </a>a Property Bill to clarify the legal status of cryptocurrencies, non-fungible tokens (NFTs), and carbon credits, potentially classifying them as "personal property." Announced on September 11, the legislation aims to protect owners from fraud and assist judges in complex cases involving digital assets. Labour MP Heidi Alexander emphasized the need for law to evolve with technology, ensuring the UK remains a leader in cryptoassets. This move follows a 2023 report by the Ministry of Justice highlighting the legal ambiguities surrounding digital assets.</p><h2 id="header-1">NEWS FROM THE MELEGASWAP ECOSYSTEM</h2><h3 id="a-href-https-thehanumancoin-com-rel-noopener-noreferrer-nofollow-the-hanuman-coin-hanc-farm-pool-listed-on-melegaswap-a"><a href="https://thehanumancoin.com/" rel="noopener noreferrer nofollow">The Hanuman Coin (HANC) Farm &amp; Pool Listed on MelegaSwap</a></h3><p>The Hanuman Coin (HANC): where myth meets modernity in a visionary digital ecosystem. Empowering innovation through a decentralized approach, HANC pioneers the MythoModern City, merging ancient wisdom with cutting-edge technology for a brighter future.</p><h3 id="a-href-https-coinmarketcap-com-community-articles-66e2d8a7253f6a0d39589036-rel-noopener-noreferrer-nofollow-melegaswap-announces-new-strategic-partnership-with-farmer-coin-farm-a"><a href="https://coinmarketcap.com/community/articles/66e2d8a7253f6a0d39589036/" rel="noopener noreferrer nofollow">MelegaSwap Announces New Strategic Partnership with Farmer Coin (FARM)</a></h3><p>MelegaSwap announces a new strategic partnership with Farmer Coin (FARM) for their upcoming presale on dxSale from September 15 to September 20, 2024. This collaboration represents a union of excellence, combining the Melega ecosystem's unwavering commitment to innovation with Farmer Coin's groundbreaking potential. Join now <a href="https://www.dx.app/dxsale/view?address=0x826c0f812d94a3CCa9886a7E942894ADC72b91B5&amp;chain=8453" rel="noopener noreferrer nofollow">here</a>.</p><h3 id="a-href-https-nesgswap-com-rel-noopener-noreferrer-nofollow-nesgcoin-nesg-farm-pool-listed-on-melegaswap-a"><a href="https://nesgswap.com/" rel="noopener noreferrer nofollow">NESGCOIN (NESG) Farm &amp; Pool Listed on MelegaSwap</a></h3><p>NESGSwap is part of the Global Decentralized Exchange (DEX) Initiative and features its NESG currency. The platform specializes in the exchange of G-20 GCR-backed government currencies, including the first official Arab currency, AlArab, as well as over 200 corporate crypto-assets such as BTC, ETH, and BNB.</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 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: SBF Appeals Conviction; SEC Costs Investors $1.5B; North Korean Hackers Target Bitcoin ETFs; & More (Sept. 8–14, 2024)

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