🌙 Bitcoin Drops: Mt. Gox Repayment News

Bitcoin experienced a pullback on Monday, dropping below$60k in midday trading, following MT. Gox's creditor distribution announcement.

Author

Mike Gavela
June 24, 2024

Crypto Roundup - June 24

Bitcoin's price saw a notable drop following the announcement of repayments to Mt. Gox creditors, a move that analysts attribute to investors 'selling the news'. The repayments, part of a long-awaited settlement, created market uncertainty, causing a sell-off. In a significant development in the crypto industry, the President of Jump Crypto has stepped down. The sudden resignation has sparked speculation about internal challenges and the future direction of the company. In a major turn of events, Julian Assange has been freed after a plea deal with the US, concluding a long-standing legal battle. The deal, which limits further prosecution, has been seen as a victory by his supporters who have campaigned for his release for years.

Top Stories:

  • Bitcoin price drops significantly as investors react to the Mt. Gox repayment news, leading to market volatility.

  • President of Jump Crypto steps down, with the sudden resignation sparking speculation about internal issues and future company direction.

  • Julian Assange freed after reaching a plea deal with the US, ending a prolonged legal battle and limiting further prosecution.

TOP STORIES

Bitcoin price drops as investors 'sell the news' on Mt. Gox repayment announcement, analyst says

Bitcoin experienced a pullback on Monday, dropping nearly 6% in midday trading, following MT. Gox's creditor distribution announcement.

www.theblock.co/post/301454/bitcoin-price-drops-as-investors-sell-the-news-on-mt-gox-repayment-announcement-analyst-says

President of Jump Crypto steps down

Kanav Kariya, the head of Jump Trading's digital asset division, has announced he is stepping down from the company following several developments since 2022.

cointelegraph.com/news/president-jump-crypto-steps-down

Julian Assange freed from jail after plea deal with US

Wikileaks founder Julian Assange will be freed after striking a plea deal with U.S. authorities.

cointelegraph.com/news/julian-assange-freed-after-us-plea-deal

FUNDRAISES

OTHER HEADLINES

Biden Administration Rehires Crypto Advisor Critical of the SEC - Decrypt

Is the White House's stance on crypto changing ahead of the election? A past advisor has returned to a post on the National Security Council.

decrypt.co/236794/biden-admin-rehires-crypto-advisor-critical-sec

Why is Bitcoin DeFi blooming? Developers share their insights

New protocols such as Ordinals, Runes, and BRC-20 tokens have made Bitcoin DeFi-compatible, although there is still some ways to go before it catches up to the likes of Ethereum and Solana.

cointelegraph.com/news/why-is-bitcoin-defi-blooming-developers-share-their-insights

Blast announces foundation for protocol governance ahead of airdrop

Ethereum Layer 2 network introducing foundation to help manage the governance and X account of the Blast protocol.

www.theblock.co/post/301596/blast-announces-foundation-for-protocol-governance-ahead-of-airdrop

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