- AlphaPacked — Daily Crypto Newsletter
- Posts
- Mt Gox Creditors Finally Get Their BTC
Mt Gox Creditors Finally Get Their BTC
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/302124ed-4791-4036-99a0-c8afa5523edd/Mt.-Gox-News-Update-Small-Bitcoin-Transferred-to-Fresh-Wallet_Whats-Next-1200x628.jpg?t=1721857080)
📊 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:
- 🚀 Proton launches self-custodial Bitcoin wallet.
- 🪂 Avail $AVAIL airdrop claim is live.
- 💰 Caldera raises $15M Series A led by Founders Fund.
- 🚨 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.
The Degen Farmer
Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!
PROTOCOL | ASSETS | APY |
---|---|---|
![]() | USDT | 51.37% |
![]() | USDCUSDC | 48.85% |
![]() | NUSDC | 44.05% |
![]() | MIMUSDCUSDT | 43.64% |
![]() | SUSDZ | 34.44% |
![]() | DOLAUSDC | 30.30% |
![]() | USDB | 28.46% |
![]() | DOLAUSDC | 26.47% |
+$600,000,000 in airdrops was lost | ![]() |
Don't you hate it when you qualify to an airdrop but it's already expired and can't be claimed?
Coming in: Earndrop is a cryptocurrency airdrops finder.
Paste your wallet and the site will show you if you have anything to claim!
With a free account, you also get email alerts when your wallets are eligible to claim something new.
That’s it for today’s edition! See you soon.
Reply