🌙 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.

Author

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

Mt.Gox Transfers $9B Bitcoin to Single Address as Part of Repayment Plans

Nearly 107,000 bitcoin have been moved since early Asian hours on Tuesday, with bitcoin shedding 1.2% on expectations of selling pressure.

www.coindesk.com/markets/2024/05/28/mtgox-moves-7b-bitcoin-as-part-of-repayment-plans-sparking-btc-price-plunge

Former FTX exec Ryan Salame sentenced to 7.5 years, above government ask 

The sentencing of former FTX exec Ryan Salame is the first among those who pleaded guilty to crimes related to the exchange’s collapse.

blockworks.co/news/former-ftx-exec-ryan-salame-sentenced

American voters are becoming crypto investors, Grayscale survey posits

The Grayscale survey found that Americans are becoming crypto voters, which should come as no surprise to anyone active on Crypto Twitter. 

blockworks.co/news/grayscale-survey-crypto-voters-2024-election

FUNDRAISES

OTHER HEADLINES

Riot reveals bid to buy Bitfarms, following CEO ouster

Colorado-based Riot, which has mining operations in Texas, has offered to buy all outstanding shares of Bitfarms at $2.30 per share.

blockworks.co/news/riot-mining-acquisition-bid-bitfarms

Trump’s Suddenly All About Crypto. What Changed? - The Defiant

Republican Presidential nominee Donald Trump has taken a U-turn on his crypto stance.

thedefiant.io/news/regulation/trump-s-suddenly-all-about-crypto-what-changed

Aptos Surges Past Solana In Daily Transactions - The Defiant

The Layer 1 blockchain achieved record throughput with 115 million transactions on May 24.

thedefiant.io/news/blockchains/aptos-surges-past-solana-in-daily-transactions

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