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Mt. Gox Makes Gargantuan Bitcoin Transfer as BTC Price Languishes

In a recent X post, Lookonchain reported that yesterday, over the course of three hours, Mt. Gox transferred $3.13 billion worth of Bitcoin to three unknown wallets. Since July 5, the bankrupt exchange has moved 61,559 BTC (valued at approximately $3.89 billion) to Bitstamp, Kraken, Bitbank, and SBI VC Trade for repayment. More than 40% of coins have already been distributed to Mt. Gox creditors. The market seems to have overestimated the selling pressure caused by Mt. Gox, as many Bitcoin holders have chosen to move their funds to cold storage.

Shiba Eternity Game Goes Live in Closed Beta: Details

Yesterday, Shiba Inu’s marketing lead Lucie shared on her X profile that Shiba Eternity, Shiba Inu’s Play-to-Earn (P2E) game, has gone live in closed beta. Access is currently available only for LEASH holders who can play Shiba Eternity on the Shibarium network. The game, released in 2022, has undergone several modifications and improvements, thanks to user feedback. It allows players to earn TREAT tokens while burning some SHIB with each transaction.

Fidelity’s Bitcoin ETF Debuts in London

Fidelity, a financial giant headquartered in Boston, has launched its Bitcoin exchange-traded product (ETP) in London, featuring 0.35% ongoing charges. However, access is limited to accredited investors, which may limit its market impact. The U.K.’s main financial regulator approved the listing of such products in March. According to Fidelity’s Stefan Kuhn, this is a “positive development.” Two other Bitcoin ETPs from WisdomTree and 21Shares also debuted in London in late May. Notably, European regulators prohibit issuing ETFs tied to a single commodity.

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