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<p>This week, the Crypto Fear &amp; Greed Index plummeted to its lowest point since January 2023, reaching 27 on July 9 due to selling pressure triggered by the German government&#39;s actions.</p><p>However, one piece of highly optimistic news has the potential to drive the market upward in the coming weeks: the issuers of spot Ether exchange-traded funds (ETFs) anticipate imminent final approval from U.S. regulators, potentially paving the way for listings as early as next week.</p><p>As the U.S. election intensifies, the former President, Donald Trump, was the target of an assassination attempt at a campaign event on Saturday, leading to an increase in the value of most Trump-themed memecoins. His safety also seemed to have a beneficial impact on the entire cryptocurrency market, recording a 2.58% increase in the last 24 hours.</p><p>Now, we&#39;ve curated a collection of the six most noteworthy stories you may have overlooked during the week. Join us as we delve into the most impactful developments of the past seven days.</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://x.com/meleganews" rel="noopener noreferrer nofollow">&#64;melega</a><a href="https://x.com/meleganews" rel="noopener noreferrer nofollow">news</a>) on Twitter for more on all things cryptocurrency.</p><h2 id="header-0">TOP CRYPTO NEWS RECAP (Jul. 7-13, 2024)</h2><p>●  Germany Sells Off $2.9B in Bitcoin, Causes Market Dip.</p><p>●  Spot Bitcoin ETFs Experience Major Inflow Surge</p><p>●  VanEck and 21Shares Amend Ether ETF Filings with SEC</p><p>●  SEC Ends Investigation into Hiro Systems</p><p>●  BitMEX Pleads Guilty to Bank Secrecy Act Violation</p><p>●  US Republicans Endorse Crypto in Party Platform</p><h3 id="germany-sells-off-2-9b-in-bitcoin-causes-market-dip">Germany Sells Off $2.9B in Bitcoin, Causes Market Dip.</h3><p>Germany has <a href="https://platform.arkhamintelligence.com/explorer/entity/germany" rel="noopener noreferrer nofollow">sold all its Bitcoin holdings</a>, worth about $2.9 billion, in a series of transactions over the past 24 hours. The sale, stemming from a 2013 seizure of nearly 50,000 BTC, significantly impacted Bitcoin’s price, dropping it to a four-month low of $57,700.</p><p>Despite this, there is optimism for a market rebound, supported by positive inflation data and the anticipated launch of Ethereum ETFs.</p><h3 id="spot-bitcoin-etfs-experience-major-inflow-surge">Spot Bitcoin ETFs Experience Major Inflow Surge</h3><p>Spot Bitcoin ETFs in the U.S. saw <a href="https://farside.co.uk/?p&#61;997" rel="noopener noreferrer nofollow">significant inflows</a> of over $310 million on July 12, their best day since June 5. BlackRock&#39;s iShares Bitcoin Trust and Fidelity&#39;s Wise Origin Bitcoin Fund led with $120 million and $115.1 million, respectively. Other notable inflows included the Bitwise Bitcoin ETF at $28.4 million and Grayscale Bitcoin Trust at $23 million. This surge brings the</p><p>total inflows to $1.04 billion since July 8, highlighting growing investor interest.</p><h3 id="vaneck-and-21shares-amend-ether-etf-filings-with-sec">VanEck and 21Shares Amend Ether ETF Filings with SEC</h3><p>Asset management firms VanEck and 21Shares have submitted <a href="https://www.sec.gov/Archives/edgar/data/1860788/000093041324002024/c109048_s1a.htm" rel="noopener noreferrer nofollow">amended S-1 registrations</a> to the SEC to facilitate the listing and trading of spot Ether ETFs. The filings, made on July 8, indicate readiness to launch &#34;as soon as practicable&#34; following SEC approval.</p><p>This is part of the final approval stage, with experts predicting possible approval in July. The SEC had previously approved similar filings from eight asset managers, suggesting broader acceptance of Ether ETFs soon.</p><h3 id="sec-ends-investigation-into-hiro-systems">SEC Ends Investigation into Hiro Systems</h3><p>The U.S. Securities and Exchange Commission (SEC) has <a href="https://www.coindesk.com/policy/2024/07/12/sec-drops-investigation-of-bitcoin-l2-stacks-builder-hiro-filing-says/" rel="noopener noreferrer nofollow">ended </a>its three-year investigation into Hiro Systems, formerly Blockstack, which raised $70 million through token sales from 2017 to 2019. This marks another win for the crypto industry in its ongoing regulatory struggles.</p><p>Hiro develops tools for the Stacks layer-2 blockchain on Bitcoin. Stacks co-creator Muneeb Ali noted the probe focused on the Stacks protocol itself. The SEC’s decision follows a similar closure of an investigation into Paxos.</p><h3 id="bitmex-pleads-guilty-to-bank-secrecy-act-violation">BitMEX Pleads Guilty to Bank Secrecy Act Violation</h3><p>BitMEX, a cryptocurrency exchange, <a href="https://www.justice.gov/usao-sdny/pr/global-cryptocurrency-exchange-bitmex-pleads-guilty-bank-secrecy-act-offense" rel="noopener noreferrer nofollow">admitted to violating</a> the Bank Secrecy Act by not implementing an adequate Anti-Money Laundering (AML) program from 2015 to 2020. This plea follows the 2022 criminal charges against founders Arthur Hayes, Benjamin Delo, and Samuel Reed, who received probation and a $30 million civil penalty.</p><p>US Attorney Damian Williams highlighted that BitMEX&#39;s failure to comply with AML standards posed a significant risk to the financial system. Responsible parties may face up to five years in prison and fines.</p><h3 id="us-republicans-endorse-crypto-in-party-platform">US Republicans Endorse Crypto in Party Platform</h3><p>The Republican National Committee (RNC) has <a href="https://cdn.nucleusfiles.com/be/beb1a388-1d88-4389-a67d-c1e2d7f8bedf/2024-gop-platform-july-7-final.pdf" rel="noopener noreferrer nofollow">adopted </a>a policy platform that supports cryptocurrencies and Bitcoin mining, positioning them as central to U.S. economic innovation.</p><p>The platform, aligned with Donald Trump, opposes the creation of a Central Bank Digital Currency (CBDC) and advocates for Americans&#39; rights to mine and self-custody digital assets. This shift comes as the RNC prepares for its national convention from July 15-18, where Trump is expected to be nominated for U.S. President.</p><h3 id="a-href-https-gempad-app-presale-0xf36ca28041d171a79fd798f7100c705cc3511f7c-network-61-base-rel-noopener-noreferrer-nofollow-masterm-mxmx-launches-on-base-chain-a"><a href="https://gempad.app/presale/0xF36cA28041D171a79fd798f7100c705cC3511F7C?network&#61;Base" rel="noopener noreferrer nofollow">MASTERM (MXMX) Launches on BASE Chain</a></h3><p>On July 10th, MasterM&#39;s native token, MasterM (MXMX), debuted on GemPad. This fair launch allowed users to acquire the token before its official listing, ensuring a level playing field for all participants.</p><p>MXMX is a unique and genuine project that combines cryptocurrency, music, and NFTs. The project has established collaborations with world-famous music stars such as Alexandra Stan, Fatman Scoop, 24Hrs, Sean Kingston, and others, and it has secured worldwide distribution through SONY MUSIC.</p><h3 id="masterm-mxmx-listed-on-melegaswap-on-base-chain">MASTERM (MXMX) Listed on MelegaSwap on BASE Chain</h3><p>After its launch on July 12th, MasterM (MXMX) was listed on MelegaSwap, offering FARM &amp; POOL and an incredible 2000% APR for early investors. MasterM has ambitious goals, aiming to establish itself as a prominent force in the cryptocurrency realm. Through music, NFTs, and games, it intends to showcase its journey and adventures in a captivating manner.</p><h3 id="a-href-https-ai-v-ai-rel-noopener-noreferrer-nofollow-aivoice-aiv-farm-pool-listed-on-melegaswap-a"><a href="https://ai-v.ai/" rel="noopener noreferrer nofollow">AIVOICE (AIV) Farm &amp; Pool Listed on MelegaSwap</a></h3><p>AIV uses AI voice technology to allow users to listen to all digital content provided by audiobooks, portals, etc., including Internet news, in the voice of the person they want. AIV holds patents related to AI voice technology.</p><h3 id="a-href-https-metagamescoin-io-rel-noopener-noreferrer-nofollow-meta-games-coin-mgc-is-now-listed-on-melega-a"><a href="https://metagamescoin.io/" rel="noopener noreferrer nofollow">Meta Games Coin (MGC) is Now Listed on Melega</a></h3><p>MetaGamescoin (MGC) is a rewarding token that operates on the Binance Smart Chain (BSC) as a BEP20 token. This token is designed for a ranking platform, allowing users to play games and earn MGC tokens.</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: Germany Sells Off BTC Holdings; Republicans Endorse Crypto; BitMEX Pleads Guilty; & More (Jul 7-13, 2024)

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