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.

The Degen Farmer

Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!

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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