Mt Gox Creditors Finally Get Their BTC

📊 Mt. Gox Repayments Begin on Kraken

Repayments Begin: Kraken has started distributing Bitcoin (BTC) and Bitcoin Cash (BCH) to Mt. Gox creditors. This marks the end of a decade-long wait for creditors to recover their funds from the once-largest BTC exchange.

Distribution Details: Kraken received 92,000 BTC (worth $5.8 billion) from Mt. Gox. The distribution, expected to complete in 7-14 days, aims to repay $3 billion worth of BTC to creditors. BTC price remained stable, while BCH dropped 7%.

Conditions and Impact: Trustee Nobuaki Kobayashi confirmed repayments began on July 5, 2024. Remaining creditors will receive funds once account validations are complete. This large influx may affect BTC's market price. Read More.

️ On today's Top Picks:

  1. 🚀 Proton launches self-custodial Bitcoin wallet.
  2. 🪂 Avail $AVAIL airdrop claim is live.
  3. 💰 Caldera raises $15M Series A led by Founders Fund.
  4. 🚨 Telegram TON users targeted with fake software.

Read time: ⏰ 6 minutes


Crypto News


• ⭐️ Mt Gox creditors begin receiving Bitcoin $BTC & Bitcoin Cash $BCH on Kraken.

• Ethereum $ETH ETFs receive nearly $2B in volume on first two days of trading.

• ⭐️ Proton launches open-source & self-custodial Bitcoin wallet.

• dYdX Trading $DYDX considers selling its software for an undisclosed amount.

• BlockFi completes sale of FTX claims & prepares for final creditor distributions

Alpha


• RedStone Oracles launches Pendle RedStone Expedition onchain quest.

• Caldera launches Caldera Metalayer sneak peek NFT mint.

• Reya launches Season 01 Rank claim.

• DeBank launches Quest Participant Web3 Badge.

• Initia launches Week 2 of The Initiation Part 2 campaign.

• Infinex launches 500% deposit boost until the end of Craterun.

Airdrops


• ⭐️ Avail $AVAIL airdrop claim is live.

• deBridge snapshots Season 1 points with $DBR eligibility & allocation checker coming soon.

• Enjoy launches $ENJOY Season 3 airdrop earning window.

• Sweepr to launch "Free Money" airdrop claim on July 26th.

• Lamina1 to launch community-wide airdrop on July 25th.

• Q Blockchain $Q airdrop claim is live.

Finance News


• Riot Platforms $RIOT acquires Block Mining for $92.5M to expand mining operations.

• Tesla $TSLA shares slide amid weaker-than-expected Q2 earnings.

• Alphabet $GOOGL to invest $5B in self-driving car unit Waymo.

• Wiz walks away from $23B deal from Google $GOOG & will pursue IPO instead.

• Verizon $VZ to pay $16M settlement with US FCC due to 3 data breach incidents.

Security and Exploits


• SlowMist Weekly Security Report highlights ~$251.52M in losses.

• ⭐️ Hamster Kombat players targeted with fake Android & Windows software.

• Microsoft Defender flaw exploited to deliver information stealers.

Token Unlocks


• Galxe / 586.67K $GAL / ~$1.9M / JUL 24
• Galxe / 416.67K $GAL / ~$1.4M / JUL 26
• Yield Guild Games / 14.08M $YGG / ~$6.7M / JUL 27
• SingularityNET / 8.45M $AGIX / ~$5M / JUL 28
• Ethena / 14.89M $ENA / ~$6.8M / JUL 28


Funding


• ⭐️ Caldera, a Rollups-As-A-Service solution, raises $15M in Series A funding led by Founders Fund.

• Bitlayer, a Bitcoin security-equivalent Layer 2, raises $11M in Series A funding led by Franklin Templeton & ABCDE.

• Igloo, the Pudgy Penguins’ parent company, raises $11M in funding led by Founders Fund.

• DAOBase, a DAO data and analytics platform, raises $6M in funding.

• Network3, a Web3 AI firm, raises $5.5M in Pre-Seed & Seed funding.

• Redpill, a permissionless LLM router network, raises $5M in Seed funding led by Animoca Brands & DFG.

• PlutoVision, the Web3 gaming studio behind Catizen, raises an undisclosed amount in funding from Binance Labs.

• Multipool, a DEX for RWAs, raises an undisclosed amount in Strategic funding from Kronos Research.

• Risklayer, a DeFi economic security middleware on Eigenlayer, raises an undisclosed amount in "Builders" funding led by Antler & Momentum 6.

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PROTOCOLASSETSAPY
Azuro logoAzuro (Polygon)USDT51.37%
Ramses CL logoRamses CL (Arbitrum)USDCUSDC48.85%
Notional V3 logoNotional V3 (Ethereum)NUSDC44.05%
Abracadabra Spell logoAbracadabra Spell (Arbitrum)MIMUSDCUSDT43.64%
Anzen V2 logoAnzen V2 (Ethereum)SUSDZ34.44%
Extra Finance logoExtra Finance (Base)DOLAUSDC30.30%
BFX (Blast Futures) logoBFX (Blast Futures) (Blast)USDB28.46%
Aerodrome V1 logoAerodrome V1 (Base)DOLAUSDC26.47%
. . .

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. . .

That’s it for today’s edition! See you soon.

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