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Mt. Gox to Distribute #Bitcoin, #BitcoinCash in July

#Crypto #CryptoNews

πŸ”΅#MtGox trustees will repay Bitcoin and Bitcoin Cash to investors starting July 2024.

πŸ”΅Trustee Nobuaki Kobayashi will ensure repayments avoid financial, technical, and security issues.

πŸ”΅Repayments will follow an order, based on #cryptocurrency exchanges confirming required information.

πŸ”΅The structured repayment approach aims for transparent payouts to all creditors.
"Bitcoin Sentiment Plummets to 18-Month Low Amid Market Fears"

#MtGox #CryptoNews #Cryptomarket

πŸ”΅The #Bitcoin sentiment index, known as the #Crypto Fear and Greed Index, dropped to its lowest score in 18 months, reaching the "Fear" zone.

πŸ”΅This significant drop is linked to fears of a potential $8.5 billion market dump by Mt. Gox and recent large outflows from U.S. spot Bitcoin ETFs.

πŸ”΅The index fell from a score of 74 in the "Greed" zone to 21, indicating a sharp shift in market sentiment.

πŸ”΅Despite these concerns, some experts believe the market may be overreacting to the Mt. Gox situation.
Will #MtGox's $8.5 Billion #Bitcoin Sale Crash the #Cryptomarket?

Can Bitcoin Recover from Its Recent Price Drop?

Why is the
#Crypto Fear and Greed Index Plunging?

Click Below to Know πŸ‘‡πŸ‘‡
https://coinpedian.substack.com/p/whats-behind-the-recent-bitcoin-price
Top #CryptoNews This Week

1️⃣
#VanEck applies for first #SolanaETF in the U.S., emphasizing blockchain benefits.

2️⃣ SEC nears approval for
#Ethereum spot #ETF launch by July 4th.

3️⃣ Former President Trump considers speaking at
#Bitcoin 2024 conference in Nashville.

4️⃣ Biden reappoints Carole House as special advisor on
#cryptocurrency to NSC.

5️⃣ Nomura: 54% of Japanese institutional investors plan cryptocurrency investments by 2027.

6️⃣ Bolivia lifts ban on
#Bitcoin and cryptocurrencies; not legal tender.

7️⃣ Turkish Parliament passes law requiring
#crypto service providers' authorization.

8️⃣
#Binance bans 297 accounts involved in Megadrop fraud attempt.

9️⃣
#Bybit undergoes senior management reshuffle amid operational adjustments.

πŸ”Ÿ
#MtGox to start repaying creditors in #BTC and #BCH from early July 2024.

1️⃣1️⃣US court allows SEC to proceed with most claims against Binance, rejecting
#BNB trading illegality.
BREAKING : #MtGox activating their wallets finally for repayments.

#Bitcoin #Crypto

Will they Sell
$BTC ? or Hold? Comment BelowπŸ‘‡πŸ‘‡
How to find #MtGox #Bitcoins have not yet been distributed ?

The Mt. Gox addresses are public, so you can track their on-chain activity.

They hold 3 addresses, each containing 47,228
$BTC.
Top #CryptoNews of Past 12 Hours

1️⃣
#Upbit, South Korea's largest crypto exchange, added JUP trading with KRW, BTC, and USDT pairs.

2️⃣The
#German Government transferred 1,700 BTC to address 139Po, valued at $99 million. The German government still holds 40,359 BTC ($2.3 billion).

3️⃣
#MtGox executed small transfer tests today at 12:21 UTC+8 to various addresses.

4️⃣
#UniSat, a Bitcoin infrastructure firm, completed a Pre-A round led by Binance in May.

5️⃣ Experts at 10x Research predicted
#Bitcoin could drop below $57,000, possibly reaching $50,000 soon.

6️⃣Nigeria's SEC mandated virtual asset service providers to establish local offices for regulatory compliance.

7️⃣Justin Sun offered to buy Germany's $2.3 billion Bitcoin holdings to mitigate
#Cryptomarket impact.
Top Reasons for $BTC Price Dump?

πŸ”΅U.S. economic uncertainty: Investor concerns about inflation and interest rates impact #crypto prices.

πŸ”΅#Fed's rate cut outlook: Powell's remarks dampen hopes for 2024 rate cuts.

πŸ”΅Spot #BitcoinETF outflows: Significant withdrawals from Bitcoin ETFs indicate a de-risking strategy.

πŸ”΅Long #liquidations: Increased selling pressure from liquidated long positions drives market down.

πŸ”΅Weakening market structure: Technical analysis shows declining trend and loss of crucial support level

πŸ”΅#MtGox cold wallet transfer: Created uncertainty and panic as creditors cash out.

πŸ”΅German government #BTC sale: Increased selling pressure as the German government recently sold 7,583 BTC worth $419.5 million.