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Bitcoin surges past $65K, fueled by a 93.3% chance of a Fed rate cut and $16B inflows into the U.S. Spot Bitcoin ETF. Mt. Gox repayment concerns mitigated, with minimal impact on prices expected. BTC hovers around $64,500 with futures up 3%. #Update #Bitcoin
$XRP surges past $0.56 amid significant whale activities and ongoing Ripple vs. SEC lawsuit. Whales moved nearly 51M XRP worth $27.45M. Current price: $0.5707, up 8.21% daily and 31% weekly. Futures open interest at $730.46M, derivatives volume up 90.80%. RSI suggests possible short-term correction. #Update
LI FI, a cross-chain aggregator, suffered an $8.7M security breach. The hacker targeted Ethereum addresses, converting stolen USDC and USDT into ETH. Users should revoke approvals to these addresses and avoid LI FI apps. Security firms are investigating to prevent future attacks. #CryptoNews
Mt. Gox begins repaying 13,000 creditors in $BTC and $BCH, totaling 95,869.97 BTC (~$6.06B). Significant Bitcoin transfers caused a price dip to $62,000. Analysts warn of potential market volatility due to possible selloffs. #CryptoNews
#Update ? On July 16, meme coins like $PEPE, $FLOKI, and $WIF saw double-digit gains amid a broader crypto recovery. Futures open interest surged: $PEPE +23.75%, $FLOKI +47.60%, $WIF +32.31%, signaling strong investor enthusiasm. Market technicals show continued buying pressure. ? #CryptoNews
Stripe expands crypto services in the EU, allowing purchases of $BTC, $ETH, and $SOL with credit/debit cards. Targeting crypto marketplaces, the initiative supports stablecoin payments like $USDC for instant fiat settlements. Partnership with Coinbase aims to enhance web3 adoption. #CryptoNews #Update
Craig Wright, who claims to have created Bitcoin, may face perjury charges in the UK. A London judge has sent his case to prosecutors, citing evidence of lies and document forgery. This could lead to serious legal consequences, including arrest and extradition. #Crypto
Kraken confirms receipt of $BTC and $BCH from Mt. Gox trustee. Funds will be deposited into creditors’ accounts within 7-14 days. Mt. Gox moved 95,869.97 BTC ($6.06B) recently. This marks a major step in repaying creditors and highlights Kraken’s efficiency. #CryptoNews
? A Degen Chain user lost 90% of 785,000 $DEGEN in a cross-chain transfer due to a slippage issue and poor liquidity in the DEGEN/ETH pool. The platform is refunding users and improving liquidity management. #DeFi #Crypto
Terraform Labs (@terra_money) sets August 9, 2024, 5:00 p.m. ET as the deadline for bankruptcy claims. Unique exclusion of “crypto-related claims” highlights blockchain bankruptcy complexities. Recent moves boost $LUNC to near $0.000080. Key for Terra’s long-term asset stability. #Update
Former SEC lawyer Marc Fagel clarifies that neither Ripple nor the U.S. SEC are seeking a settlement, awaiting the district court’s decision in the remedies phase. XRP price rallies 27% in a week, with RSI signaling a bullish cross. #Ripple #CryptoNews #Update
Mt Gox moved 44,527 BTC ($2.84B) to a new wallet, hinting at creditor repayments after its 2014 hack. The phased plan aims to reduce market impact, with potential institutional buys as the market recovers. Wallet holds 138,985 BTC ($8.87B). #CryptoNews
MicroStrategy ($MSTR) stock surged 15% to $1,611 as Bitcoin hit $65,000. MSTR has outperformed Bitcoin, gaining 22% in five sessions and 135% since early 2024. The company’s Bitcoin strategy has influenced midcap firms and nonprofits. #Update
Ripple donates $1M to the Commonwealth Unity Fund, aiming to unseat Sen. Warren and support John Deaton in the Senate race. James Murphy (@MetaLawMan) emphasizes the election’s importance for the crypto community. XRP price rallies 3% to $0.54 amid ETF speculation. #CryptoNews
