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<p>This week, Bitcoin soared past the impressive $65,000 mark, fueled by China&#39;s stimulus initiatives and a surge in stablecoin investments. A recent report from 10x Research highlights that Bitcoin has broken free from its recent downtrend and is eyeing the coveted $70,000 milestone once more.</p><p>This upward momentum is mirrored by the Crypto Fear &amp; Greed Index, which has soared to its highest level since July and maintained a score above 60 for two consecutive days.</p><p>With analysts predicting the onset of a major bull run in the coming months, excitement is building about Bitcoin&#39;s and the broader crypto market&#39;s potential to reach new heights.</p><p>Join us as we explore six pivotal crypto stories from the past week to keep you in the loop. 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">&#64;meleganews</a>) on X for more on all things cryptocurrency.</p><h2 id="header-0">TOP CRYPTO NEWS RECAP (September 22-28, 2024)</h2><p>● Binance Founder CZ Released After Four-Month Prison Sentence for AML Violations</p><p>● Caroline Ellison Sentenced to Two Years in Minimum-Security Prison</p><p>● Kamala Harris Pledges Support for Crypto with Focus on Consumer Protections</p><p>● Crypto ETF Inflows Drive US ETF Assets to Record $10 Trillion</p><p>● Tornado Cash Developer Roman Storm Faces Trial and Could Face 45 Years in Prison</p><p>● Mango DAO, Labs, and Blockworks Settle SEC Charges Over Unregistered MNGO Token</p><h3 id="binance-founder-cz-released-after-four-month-prison-sentence-for-aml-violations">Binance Founder CZ Released After Four-Month Prison Sentence for AML Violations</h3><p>Binance founder Changpeng “CZ” Zhao was <a href="https://news.bitcoin.com/binance-founder-cz-released-from-us-custody-after-serving-4-month-sentence/" rel="noopener noreferrer nofollow">released </a>from a U.S. federal prison on September 27 after serving four months for violating Anti-Money Laundering (AML) laws. In November, CZ pled guilty to failing to implement proper AML controls at Binance, the largest cryptocurrency exchange by daily trading volume. Originally facing 36 months, his sentence was reduced, and he agreed to pay a $50 million fine. Despite his legal troubles, CZ&#39;s wealth, estimated at $30 billion, remains largely unaffected.</p><h3 id="caroline-ellison-sentenced-to-two-years-in-minimum-security-prison">Caroline Ellison Sentenced to Two Years in Minimum-Security Prison</h3><p>Former Alameda Research CEO Caroline Ellison was <a href="https://www.aljazeera.com/economy/2024/9/25/former-ftx-executive-caroline-ellison-sentenced-to-two-years-for-fraud" rel="noopener noreferrer nofollow">sentenced </a>to two years in a minimum-security prison on Sept. 24 for her role in the collapse of FTX. Judge Lewis Kaplan, who presided over the case, also ordered her to forfeit the $11 billion she gained through FTX. Although Ellison could have faced up to 110 years in prison, her cooperation with prosecutors led to a more lenient sentence. Her co-defendants, including Gary Wang and Nishad Singh, are expected to be sentenced soon.</p><h3 id="kamala-harris-pledges-support-for-crypto-with-focus-on-consumer-protections">Kamala Harris Pledges Support for Crypto with Focus on Consumer Protections</h3><p>U.S. Vice President Kamala Harris <a href="https://www.bloomberg.com/news/articles/2024-09-22/harris-vows-to-grow-ai-crypto-industries-in-pitch-to-nyc-donors" rel="noopener noreferrer nofollow">publicly addressed cryptocurrency</a> for the first time during her presidential campaign. Speaking at a Manhattan fundraiser, she emphasized promoting innovation in artificial intelligence (AI) and digital assets while ensuring consumer protections. Harris committed to creating a transparent regulatory environment, encouraging investments in emerging technologies, including semiconductors and clean energy. Her remarks mark a shift in the Democratic stance on crypto, contrasting with past administration policies. Harris faces competition from Donald Trump, who has strongly aligned himself with the crypto industry.</p><h3 id="crypto-etf-inflows-drive-us-etf-assets-to-record-10-trillion">Crypto ETF Inflows Drive US ETF Assets to Record $10 Trillion</h3><p>Total assets in U.S. exchange-traded funds (ETFs) <a href="https://cointelegraph.com/news/propelled-crypto-inflows-us-etf-assets-hit-record-10-trillion" rel="noopener noreferrer nofollow">surpassed </a>$10 trillion on September 27, 2024, fueled by over $20 billion in cryptocurrency ETF inflows, according to Morningstar and Bloomberg. In 2024 alone, U.S. ETFs saw $691 billion in investments, with crypto ETFs accounting for nearly 3%. BlackRock&#39;s iShares Bitcoin Trust led with $21 billion in inflows, followed by Fidelity&#39;s Bitcoin ETF at $10 billion. Analysts predict U.S. ETF assets could reach $25 trillion within a decade as cryptocurrency continues to attract significant investment.</p><h3 id="tornado-cash-developer-roman-storm-faces-trial-and-could-face-45-years-in-prison">Tornado Cash Developer Roman Storm Faces Trial and Could Face 45 Years in Prison</h3><p>Roman Storm, co-founder of Tornado Cash, will stand trial in December after a judge <a href="https://www.bitdegree.org/crypto/news/judge-refuses-to-dismiss-charges-tornado-cash-developer-roman-storm-faces-trial" rel="noopener noreferrer nofollow">denied </a>his motion to dismiss charges. Storm faces three federal charges, including conspiracy to commit money laundering and sanctions violations. Prosecutors allege Tornado Cash was used for illicit activities, with Storm profiting while knowing its misuse. He argues the platform was open-source and aimed at providing financial privacy. If convicted, Storm could face up to 45 years in prison. His trial is set to begin on December 2, 2024.</p><h3 id="mango-dao-labs-and-blockworks-settle-sec-charges-over-unregistered-mngo-token">Mango DAO, Labs, and Blockworks Settle SEC Charges Over Unregistered MNGO Token</h3><p>Mango DAO, Mango Labs LLC, and Blockworks Foundation have <a href="https://www.sec.gov/newsroom/press-releases/2024-154" rel="noopener noreferrer nofollow">settled charges </a>with the U.S. Securities and Exchange Commission (SEC) regarding the sale of MNGO tokens, which were deemed unregistered securities. As part of the settlement, the entities agreed to destroy their MNGO tokens, halt trading on crypto exchanges, and pay $700,000, pending court approval. The SEC stated that all entities offering securities must register, regardless of using decentralized platforms. The settlement comes after Mango DAO members voted to adopt the proposal, and follows a similar agreement with the CFTC.</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: Binance's CZ Released; Kamala Harris Supports Crypto; US ETF Inflows Hit $10T; & More (Sept. 22–28, 2024)

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