Mt Gox Wallets Make Bitcoin Moves Ahead of Repayments
🔎 Arkham Intelligence reports minor transactions from Mt Gox wallets just before the scheduled $9 billion bitcoin repayments. Over the past few hours, three wallets associated with the defunct exchange moved small amounts, with the largest being just $24 worth of bitcoin.
👀 One intermediary wallet, previously consolidated with significant funds, sent $24 to Bitbank's hot wallet, with the rest moved to a new wallet. Bitbank is among the five exchanges designated to handle Mt Gox repayments, including Kraken, Bitstamp, SBI VC Trade, and Bitgo.
💰 These repayments won't be directly to bitcoin holders but through these exchanges, which will make the funds available to their customers within up to 90 days.
Given the minor amount transferred, it's unclear if this was a test for larger transactions. The trustee announced repayments would start from early July, but exact dates remain unknown. 🧐
🔎 Arkham Intelligence reports minor transactions from Mt Gox wallets just before the scheduled $9 billion bitcoin repayments. Over the past few hours, three wallets associated with the defunct exchange moved small amounts, with the largest being just $24 worth of bitcoin.
👀 One intermediary wallet, previously consolidated with significant funds, sent $24 to Bitbank's hot wallet, with the rest moved to a new wallet. Bitbank is among the five exchanges designated to handle Mt Gox repayments, including Kraken, Bitstamp, SBI VC Trade, and Bitgo.
💰 These repayments won't be directly to bitcoin holders but through these exchanges, which will make the funds available to their customers within up to 90 days.
Given the minor amount transferred, it's unclear if this was a test for larger transactions. The trustee announced repayments would start from early July, but exact dates remain unknown. 🧐
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Today is Independence Day in the USA
⬆️ Here’s what Bitcoin’s price was on this day in different years (this chart was obviously made in advance, today it's already $57,000 😂).⬆️
👀 But it seems the US government ran out of money for fireworks and decided to sell some more Bitcoin. Today, they transferred nearly 250 BTC (over $14 million) to an unknown wallet!
⬆️ Here’s what Bitcoin’s price was on this day in different years (this chart was obviously made in advance, today it's already $57,000 😂).⬆️
👀 But it seems the US government ran out of money for fireworks and decided to sell some more Bitcoin. Today, they transferred nearly 250 BTC (over $14 million) to an unknown wallet!
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Mt. Gox announced that on July 5th, it conducted payouts in BTC and BCH to certain creditors!
📝 A document has surfaced online indicating that the payouts were facilitated through specific cryptocurrency exchanges as per the plan.
Payouts to other creditors will occur after:
▪️Verification of the validity of registered accounts and other related matters.
▪️Agreement of creditors to participate in this process.
▪️Completion of discussions between the trustee and the aforementioned cryptocurrency exchanges regarding the payouts.
▪️Confirmation that the payouts can be executed safely and securely.
📝 A document has surfaced online indicating that the payouts were facilitated through specific cryptocurrency exchanges as per the plan.
Payouts to other creditors will occur after:
▪️Verification of the validity of registered accounts and other related matters.
▪️Agreement of creditors to participate in this process.
▪️Completion of discussions between the trustee and the aforementioned cryptocurrency exchanges regarding the payouts.
▪️Confirmation that the payouts can be executed safely and securely.
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We should understand that with Mt. Gox, it's all just beginning 👀
⬆️ Here's the proportion of what they have already distributed compared to what they still need to distribute.⬆️
But there's a notion that sometimes the anticipation is much scarier than the event itself. Perhaps the payouts themselves won't impact the market as much as the FUD associated with them. 🤔
⬆️ Here's the proportion of what they have already distributed compared to what they still need to distribute.⬆️
But there's a notion that sometimes the anticipation is much scarier than the event itself. Perhaps the payouts themselves won't impact the market as much as the FUD associated with them. 🤔
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🇳🇬 Nigerian Trader's Integrity Restores Trust in Crypto
Femi Akinola's act of honesty has taken social media by storm, rekindling faith in the crypto world. When a mistaken transfer gifted him $14,000 worth of Solana tokens, he promptly returned 90 SOL to its rightful owner, earning admiration and gifts totaling 35 SOL from the community. 🎁💰
🗞 In an interview with Cointelegraph, Akinola shared how he returned the tokens after a trader's giveaway accidentally sent him a fortune. His decision was driven by integrity and faith, highlighting ethical values in crypto transactions.
Akinola hopes his story reshapes perceptions of Nigerian traders globally, aiming to educate through crypto seminars. His actions remind us that integrity transcends borders, fostering hope within the crypto community.
Femi Akinola's act of honesty has taken social media by storm, rekindling faith in the crypto world. When a mistaken transfer gifted him $14,000 worth of Solana tokens, he promptly returned 90 SOL to its rightful owner, earning admiration and gifts totaling 35 SOL from the community. 🎁💰
🗞 In an interview with Cointelegraph, Akinola shared how he returned the tokens after a trader's giveaway accidentally sent him a fortune. His decision was driven by integrity and faith, highlighting ethical values in crypto transactions.
Akinola hopes his story reshapes perceptions of Nigerian traders globally, aiming to educate through crypto seminars. His actions remind us that integrity transcends borders, fostering hope within the crypto community.
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🇩🇪 German parliament member Joanna Kotar criticized the government's decision to hastily sell BTC and called for the development of a comprehensive strategy.
- she wrote.
Kotar emphasized that BTC offers a way to diversify the state's assets, thereby reducing risks tied to traditional investments.
She also extended an invitation to German Chancellor Olaf Scholz, Prime Minister Michael Kretschmer, and Finance Minister Christian Lindner to attend a "Bitcoin Strategies for Nation States” event. 😁
"Instead of holding bitcoin as a strategic reserve currency, as is already being debated in the USA, our government is selling on a large scale,"
- she wrote.
Kotar emphasized that BTC offers a way to diversify the state's assets, thereby reducing risks tied to traditional investments.
She also extended an invitation to German Chancellor Olaf Scholz, Prime Minister Michael Kretschmer, and Finance Minister Christian Lindner to attend a "Bitcoin Strategies for Nation States” event. 😁
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Arkham: No More Than $150 Million Withdrawn from Mt. Gox to Exchanges 🧐
🔎 Online researchers at Arkham meticulously analyzed all fund movements related to Mt. Gox. It was found that only a small portion of the funds managed by trustee Nobuaki Kobayashi has been sent to exchanges so far. Specifically, only 2701.8 BTC ($148.4 million) has been withdrawn from Mt. Gox wallets: 1544.7 BTC ($84.9 million) was sent to Bitbank, and 1157.1 BTC ($63.6 million) was sent to an unknown counterparty, likely registered in the announced repayment program exchange to an unknown exchange.
👀 The remaining 44,527 BTC was moved to another Mt. Gox wallet. Thus, Mt. Gox wallets still hold a total of 138,985 BTC ($7.52 billion).
Bitcoin's price has somewhat recovered following this news and is currently at $55,500.
The varied payout timelines might also be contributing positively: Kraken (90 days), Bitstamp (60 days), BitGo (20 days), and SBI VC Trade and Bitbank (14 days).
🔎 Online researchers at Arkham meticulously analyzed all fund movements related to Mt. Gox. It was found that only a small portion of the funds managed by trustee Nobuaki Kobayashi has been sent to exchanges so far. Specifically, only 2701.8 BTC ($148.4 million) has been withdrawn from Mt. Gox wallets: 1544.7 BTC ($84.9 million) was sent to Bitbank, and 1157.1 BTC ($63.6 million) was sent to an unknown counterparty, likely registered in the announced repayment program exchange to an unknown exchange.
👀 The remaining 44,527 BTC was moved to another Mt. Gox wallet. Thus, Mt. Gox wallets still hold a total of 138,985 BTC ($7.52 billion).
Bitcoin's price has somewhat recovered following this news and is currently at $55,500.
The varied payout timelines might also be contributing positively: Kraken (90 days), Bitstamp (60 days), BitGo (20 days), and SBI VC Trade and Bitbank (14 days).
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A Bit More About Corrections
Adam Back, the legendary cryptographer and cypherpunk who communicated with Satoshi Nakamoto himself (although he never met him in person, of course), and the head of Blockstream, reminds us that previous markets often saw BTC corrections of 30% or more. Currently, it's -26%, so he advises everyone to stay calm and buy the dip. 📉💰😎
Adam Back, the legendary cryptographer and cypherpunk who communicated with Satoshi Nakamoto himself (although he never met him in person, of course), and the head of Blockstream, reminds us that previous markets often saw BTC corrections of 30% or more. Currently, it's -26%, so he advises everyone to stay calm and buy the dip. 📉💰😎
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📊 The head of CryptoQuant clearly demonstrates that sales by the German government are greatly overestimated.
They account for only 4% of the total realized value since 2023 (compare the purple part of the chart to the gray).
In simpler terms, the market has sustained a 25-fold greater transfer of BTC between parties. 🧐
They account for only 4% of the total realized value since 2023 (compare the purple part of the chart to the gray).
In simpler terms, the market has sustained a 25-fold greater transfer of BTC between parties. 🧐
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⬆️ The chart of Germany's Bitcoin balance 📉
Again and again, Warren Buffett's truth is recalled that the market is a mechanism for redistributing wealth from the impatient to the patient. 🧐
😎 And Justin Sun, who previously proposed buying all bitcoins owned by the German government in the OTC market to reduce price pressure, made a mocking comment about the German national football team:
😂😂😂
Again and again, Warren Buffett's truth is recalled that the market is a mechanism for redistributing wealth from the impatient to the patient. 🧐
😎 And Justin Sun, who previously proposed buying all bitcoins owned by the German government in the OTC market to reduce price pressure, made a mocking comment about the German national football team:
The reason the German team lost the game in this European Championship might be because they sold too much Bitcoin.
😂😂😂
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Announcement of key loss near Central Park in New York City
💰 A reward of $10,000 is offered due to a crypto wallet Ledger attached to the keychain.
Having the seed phrase would help recover access to the crypto even without the wallet, but the owner apparently does not remember it. 😢
💰 A reward of $10,000 is offered due to a crypto wallet Ledger attached to the keychain.
Having the seed phrase would help recover access to the crypto even without the wallet, but the owner apparently does not remember it. 😢
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Justin Sun announced that his team is developing a solution that will enable stablecoin transfers without the need to hold a gas asset.
Fees will be paid in stablecoins. 👍
Initially, the service will be launched on Tron, followed by Ethereum and other EVM networks. The launch is expected in the fourth quarter of this year.
Fees will be paid in stablecoins. 👍
Initially, the service will be launched on Tron, followed by Ethereum and other EVM networks. The launch is expected in the fourth quarter of this year.
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Someone is selling Bitcoin, and someone is buying it. 👀
🇯🇵 The Japanese company Metaplanet announced the acquisition of an additional 42.47 BTC for 400 million yen.
The company's total balance now amounts to 203.734 BTC. 💰
What do you think, who is being wiser right now? Governments selling Bitcoin - 👍 or companies buying it - ❤️?
🇯🇵 The Japanese company Metaplanet announced the acquisition of an additional 42.47 BTC for 400 million yen.
The company's total balance now amounts to 203.734 BTC. 💰
What do you think, who is being wiser right now? Governments selling Bitcoin - 👍 or companies buying it - ❤️?
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Half of American Voter Plans to Enter in Crypto!
🇺🇸 Grayscale recently conducted a survey, revealing that if an $ETH ETF is approved, 25% of U.S. voters would be interested in investing in Ethereum.
Moreover, the same survey shows that 47% of voters plan to add cryptocurrencies to their investment portfolios. 🧐
It seems that very soon, they will start to understand our pain. 😁
🇺🇸 Grayscale recently conducted a survey, revealing that if an $ETH ETF is approved, 25% of U.S. voters would be interested in investing in Ethereum.
Moreover, the same survey shows that 47% of voters plan to add cryptocurrencies to their investment portfolios. 🧐
It seems that very soon, they will start to understand our pain. 😁
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Messari CEO Declares War on "Corrupt" SEC
📰 Messari CEO has issued a "Declaration of Independence" from the SEC, criticizing Chairman Gary Gensler as corrupt and ineffective.
👀 The company plans to stop cooperating with the SEC and provide higher-quality crypto market reporting without taxpayer costs. The declaration highlights SEC's failures, political persecution of legitimate entities, and questions its authority over crypto markets.
✔️ Messari aims to compete with the SEC by offering a global service, believing that current regulations hinder U.S. crypto leadership and economy.
📰 Messari CEO has issued a "Declaration of Independence" from the SEC, criticizing Chairman Gary Gensler as corrupt and ineffective.
👀 The company plans to stop cooperating with the SEC and provide higher-quality crypto market reporting without taxpayer costs. The declaration highlights SEC's failures, political persecution of legitimate entities, and questions its authority over crypto markets.
✔️ Messari aims to compete with the SEC by offering a global service, believing that current regulations hinder U.S. crypto leadership and economy.
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Scammers Fell for Their Own Trick and Lost 10 ETH ($30,000)! 🙀
👚 The notorious group Pink Drainer, known for stealing cryptocurrency from wallets, became victims of an address poisoning attack (spam transactions). 😁
🧪 Spam transaction fraud occurs when scammers send small amounts to a wallet from addresses that resemble the user's address. Some users copy addresses from their recent transaction history when sending funds, leading to the loss of crypto assets. Recently, a user lost 1,155 WBTC due to such a scheme (the funds were later returned).
👚 The notorious group Pink Drainer, known for stealing cryptocurrency from wallets, became victims of an address poisoning attack (spam transactions). 😁
🧪 Spam transaction fraud occurs when scammers send small amounts to a wallet from addresses that resemble the user's address. Some users copy addresses from their recent transaction history when sending funds, leading to the loss of crypto assets. Recently, a user lost 1,155 WBTC due to such a scheme (the funds were later returned).
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Bybit Exchange Announces Pre-market Listing of Hamster Kombat!
There is no official information from the developers yet, but if the pre-market has launched on Bybit, a full listing is also expected there. 🧐
There is no official information from the developers yet, but if the pre-market has launched on Bybit, a full listing is also expected there. 🧐
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