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
.@VitalikButerin calls out low investment in Web3 infrastructure, favoring niche, high-revenue projects like “casinos.” This trend hurts open-source startups vital for decentralization. He urges a shift in investment strategy for sustainable growth. #Web3
Coinbase narrows its subpoena to focus on SEC Chair Gary Gensler’s communications since April 2021, aiming to showcase his evolving views on crypto regulations. Judge concerns led to this refinement. SEC’s response due August 5. #CryptoRegulations
Authorities in Hong Kong arrested three for scamming a businessman out of HK$3.11M in cryptocurrency by exchanging his USDT for counterfeit HK$1,000 notes. 10,978 fake banknotes seized. Suspects face up to 14 years in jail. #CryptoFraud
Bitcoin surged past $64,000 after $301M flowed into 11 U.S. spot Bitcoin ETFs, including @Fidelity’s FBTC ($36.15M) and Bitwise’s BITB ($15.24M). BlackRock CEO Larry Fink calls Bitcoin a “legitimate financial instrument.” #CryptoNews
Bitcoin may surge to $180K, predicts Laurent Benayoun of Acheron Trading, driven by institutional investments and US regulatory clarity. Galaxy Fox ($GFOX) ICO shines with its play-to-earn model and deflationary tokenomics, raising $6M in presale. #CryptoNews
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
PEPE, FLOKI, WIF, and BRETT saw daily gains of over 20% as Bitcoin surged to $64,900. $PEPE traded at $0.00001187, $FLOKI at $1.79B market cap, $WIF at $2.16, and $BRETT at $0.147. #CryptoUpdate
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
US spot Bitcoin ETFs have seen inflows for 7 consecutive sessions, pushing total AUM above $16B. BlackRock’s $IBIT recorded $1.2B in trading volume, and Fidelity’s $FBTC saw $410M. CEO Larry Fink calls Bitcoin “digital gold,” boosting confidence. Institutional investors drive this trend. #Bitcoin
Metaplanet ($META) purchased 21.88 BTC for $1.26M, boosting its stock by 25.81%. This move aligns with their DCA strategy, increasing their stock by 631% YTD. Analysts predict Bitcoin ($BTC) might soon surpass 100% of Metaplanet’s total assets. #CryptoNews
Coinbase narrows its subpoena for SEC Chair Gary Gensler, now seeking only documents from his tenure as chair. This follows Judge Failla’s concerns about scope. The SEC accuses Coinbase of operating as an unregistered broker. The refined subpoena aims to clarify crypto regulation. #CryptoRegulation
Donald Trump selects Ohio Senator J.D. Vance as his VP nominee, boosting crypto hopes. Vance’s pro-crypto stance includes efforts against SEC’s SAB 121 and holding $250K in Bitcoin. Bitcoin jumps 5% to $63,519. #CryptoNews
