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- 🌙 Mt.Gox Transfers $9B Bitcoin
🌙 Mt.Gox Transfers $9B Bitcoin
Nearly 107,000 bitcoin have been moved since early Asian hours on Tuesday, with bitcoin shedding 1.2% on expectations of selling pressure.
Mike Gavela
May 28, 2024
Crypto Roundup - May 28
Mt. Gox's move to repay creditors by transferring $7 billion worth of Bitcoin has caused a significant price drop in BTC. Meanwhile, former FTX executive Ryan Salame has been sentenced to 7.5 years in prison. A recent survey by Grayscale reveals that American voters are increasingly interested in cryptocurrencies, with many considering it a crucial issue for the 2024 election.
Top Stories:
Mt. Gox moves $7B Bitcoin, leading to a sharp BTC price decline as part of creditor repayment plans.
Former FTX executive Ryan Salame sentenced to 7.5 years, exceeding the government's recommendation.
Grayscale survey shows a rising interest among American voters in crypto, influencing the 2024 election outlook.
TOP STORIES
FUNDRAISES
1/ Introducing StripChain- the execution layer for hyper-interoperable applications. We are excited to announce our $10M fundraise from Sora Ventures, Mechanism Capital, Shima Capital, Daedalus and others to build a more connected web3.
— StripChain (@Stripchain)
May 28, 2024
📢 Switchboard Closes $7.5M Series A Round
We’re thrilled to announce a strategic raise, co-led by @tribecap and @Rockaway_X, with support from @SolanaFndn, @Aptos, @StarkWareLtd, and more.
This investment accelerates our mission to supply permissionless and secure oracle… x.com/i/web/status/1…
— Switchboard 🔌 (@switchboardxyz)
May 28, 2024
We're excited to announce our seed round investment led by @PortalVentures and @snzholding (early backers of @ethereum, @chainlink, @cosmos, @arbitrum, @Polkadot and @dfinity) and other prominent Web3 backers and entrepreneurs.
So what are we building for SocialFi? 👇
1/9
— OpenSocial (@OpenSocialLabs)
May 28, 2024
OTHER HEADLINES
CRYPTO TWITTER (X)
Current thoughts on potential flows into the ETH ETF when it starts trading:
First, let's set the benchmark: BTC
Bitcoin is:
1. 3x the size of ETH in terms of market cap.
2. Future contracts trade 10x the volume of ETH.
3. Spot trading has about 2x the volume of ETH.
4. Has… x.com/i/web/status/1…— Michael Nadeau (@JustDeauIt)
May 28, 2024
Allegedly, Trump just bought some $ETH using a DEX. Bullish if true.
— AdrianoFeria.eth 🦇🔊 🛡️ (@AdrianoFeria)
May 28, 2024
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