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Mt Gox Estate Transfers $3B in Bitcoin, $53M in Bitcoin Cash Ahead of Distribution

Mt Gox Estate Transfers B in Bitcoin, M in Bitcoin Cash Ahead of DistributionAccording to onchain data, at 4:12 a.m. EDT on Tuesday, 48,641 bitcoin worth just over $3 billion were transferred by the Mt Gox estate ahead of the forthcoming distribution. Mt Gox Estate Moves Large Holdings Before Distribution After the price of bitcoin (BTC) climbed above $65,000, Mt Gox sent 48,641 BTC, valued at $3 billion, […]

Spot Bitcoin ETFs Face Heavy Losses — Who Took the Biggest Hit?

Tron Founder Justin Sun Offers to Buy German Government’s BTC Stash Amid Price Drop

Tron Founder Justin Sun Offers to Buy German Government’s BTC Stash Amid Price DropAmid the bitcoin price decline and the German government transferring millions of dollars worth of BTC, Tron founder Justin Sun announced on X that he is prepared to purchase the remaining BTC from the German government. “I am willing to negotiate with the German government to purchase all BTC off-market in order to minimize the […]

Spot Bitcoin ETFs Face Heavy Losses — Who Took the Biggest Hit?

Galaxy Digital’s Alex Thorn: Mt Gox Bitcoin Distributions Unlikely to Disrupt Market

Galaxy Digital’s Alex Thorn: Mt Gox Bitcoin Distributions Unlikely to Disrupt MarketAfter a decade-long wait, creditors of the defunct Mt Gox exchange are set to receive in-kind distributions of bitcoin and bitcoin cash starting in July. The head of research from Galaxy Digital predicts the market impact of these distributions will be less severe than anticipated. Long-Term Bitcoin Holders Likely to Retain Mt Gox Bitcoin Distributions […]

Spot Bitcoin ETFs Face Heavy Losses — Who Took the Biggest Hit?