Mt Gox Moves $9.6B in Bitcoin 😨
In today’s edition: 🗳️ Solana votes: 100% fees to validators, 📈 LINK's surge, and more!
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What’s Poppin’?
by Sam Sriram
Mt Gox Cold Wallet Transfers $9.6 Billion in Bitcoin to New Address
A cold wallet tied to Mt. Gox moved $9.6 billion worth of Bitcoin to an unknown wallet for the first time in five years.
Solana Validators Vote to Allocate 100% Priority Fees to Validators
A validator-only vote has concluded in favor of a proposal to reward validators with the full priority fee — but some critics have argued that removing the burn mechanism could increase SOL’s inflation rate and have a net negative impact on the network.
Daily Bits… ✍️✍️✍️
📊 A Harris Poll funded by Grayscale found that one-third of US voters will consider a candidate's stance on cryptocurrencies when voting.
🔗 Chainlink's LINK token surged over 10%, driven by optimism following news that Chainlink would co-present with international payments platform Swift at the Consensus conference in Austin.
🇺🇸 A crypto wallet linked to Donald Trump now holds around $10 million in assets, including 579,300 MAGA tokens, 463.441 ETH, and 1 million MAGA VP tokens, with the recent appreciation in MAGA token value being a key contributor.
Also, 📈 Trump's favorable stance on crypto, including promises to commute Ross Ulbricht's sentence and bolster the US digital asset industry, has seemingly improved his odds over President Biden in prediction markets.
🇰🇷 Binance reportedly sold Gopax's user claims in Genesis Global at a significant discount without creditor approval, potentially costing creditors tens of millions, according to a report by South Korean news outlet Hankyung.
💼 JPMorgan expressed skepticism about the SEC approving additional crypto ETFs, such as those for Solana, after the recent approval of Ethereum ETFs, citing the regulatory body's stance that most cryptocurrencies are securities.
🐕 An investor transformed a $2,700 investment in Shiba Inu (SHIB) into $1.24 million over three years, having initially purchased approximately 48 billion SHIB for two wrapped ether (WETH) in January 2021 and selling it recently for a significant profit.
What Do You Meme?
📈 Your Market Update 📉
BTC is flat, trading at $68,453
ETH is down .1%, trading at $3,894
BTC dominance: 49.64%
Crypto market cap: $2.72T
*All data as of today, 06:42 am ET. Source: CoinGecko
Recommended Reads
DL News: Is the US bullish on DeFi? Nearly, says industry expert
Blockworks: We need to talk about the dangers of custody on exchanges
The Block: Why is Bitcoin sometimes correlated to the stock market?
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