The funding round sets the stage for a long-awaited IPO, expected to take place next year.
Earlier this week, the US Federal Reserve (Fed) cut interest rates by 25 basis points, providing the much-required impetus to the economy after a cycle of raising interest rates to keep inflation under check. A cut in interest rates is likely to benefit risk-on assets, including Bitcoin (BTC). Fed Cuts Interest Rate, Bitcoin Supply Ratio Falls According to a CryptoQuant Quicktake post by contributor Arab Chain, the latest data from Binance shows that the interest rate cut has rekindled investors’ interest in BTC. Notably, the exchange supply ratio has declined to 0.0291, hinting that investors are choosing to withdraw their BTC from exchanges and hold it for the long-term instead of selling it. Related Reading: Bitcoin Breaks Above Mid-Term Holder Breakeven – Is A Fresh Rally Brewing? To support their analysis, Arab Chain shared the following chart, which shows a tumbling exchange supply ratio while the BTC price continues to shoot up. The analyst noted that the interest rate cut has increased risk appetite and improved liquidity in the market. This behavior shows that the Fed’s monetary policy will remain dovish for the near term, which could mitigate selling pressure on BTC for the time being. Low exchange supply is creating relative buying pressure, as Bitcoin’s stability above $115,000 further supports this trend. The analyst remarked that if BTC outflows from crypto exchanges continue at the current pace, then the digital asset may target the $120,000 resistance level. However, liquidity must continue to flow into digital assets, driven by the Fed’s decision. Arab Chain added: The continued decline in the Exchange Supply Ratio for Bitcoin, coupled with a rising price, reinforces the bullish scenario, especially if traditional markets stabilize after the Fed’s decision. Conversely, if the Exchange Supply Ratio turns upward again (if Bitcoin reenters exchanges), it could signal that investors are preparing to take profits at levels near 118K–120K. Meanwhile, crypto analyst Titan of Crypto had similar thoughts. In an X post, the analyst shared the following chart, saying that BTC is currently stuck under the bearish fair value gap. A daily close above this gap – highlighted in red – could pave the way for a new high for BTC. Is BTC Facing A Supply Crunch? A declining exchange supply ratio further suggests that BTC may be approaching a bullish ‘supply crunch’ that could lead to significant price appreciation for the digital asset in the near term. Related Reading: Bitcoin Sentiment On Binance Turns Bullish – But Is The Market Setting A Trap? Recently, the Bitcoin Scarcity Index recorded its first spike since June 2025, indicating potential upward price pressure on BTC. Meanwhile, BTC outflows from Binance continue at a rapid pace, further reducing the digital asset’s active circulating supply. That said, some concerns still linger, specifically due to the lack of participation of whales in recent BTC price action. At press time, BTC trades at $116,374, down 1.3% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant, X, and TradingView.com
The deal aims to strengthen IG’s position in the Asia-Pacific crypto market and complements its recent crypto rollouts in the U.K. and U.S., the firm said.
Four senior executives who work on the institutional side of business have recently left Kraken.
The bank assumed coverage of the crypto exchange with a market perform rating and a $55 price target.
As Ethereum (ETH) trades slightly above $4,300, some crypto analysts opine that the cryptocurrency’s current trend shows enough structural health. However, they also caution that a lack of funding rates across exchanges means low demand for ETH, which may limit its breakout momentum. Ethereum’s Latest Rally Shows Structural Strength According to a CryptoQuant Quicktake post by contributor ShayanMarkets, Ethereum’s funding rates across exchanges are relatively muted when compared to the digital asset’s last three major highs. Related Reading: Ethereum Eyes $5,500 Amid Illiquid Supply Crunch And ETF Momentum For instance, during the first major high in early 2024, ETH funding rates across crypto exchanges had surged to 0.8, suggesting excessive long positioning and speculative demand. Shortly, the price topped out as overheated leverage took its toll on the digital asset. During the second peak in late 2024 – as illustrated in the following chart – ETH reached similar price levels but this time with far lower funding rates. Although this hinted at a less speculative market, the lack of strong, sustained momentum eventually weighed down on ETH’s price. In contrast to the above two instances, ETH’s 2025 rally saw it create a new all-time high (ATH) of $4,900 – despite relatively muted funding rates. This brings into focus one key divergence – ETH is hitting new highs even in the absence of aggressive long positioning that fueled earlier rallies. ShayanMarkets states there are two key implications of this new-found divergence. The analyst remarked: On one hand, the market appears more spot-driven and structurally healthier, as price is not being pushed by excessive leverage. On the other hand, the absence of aggressive demand also limits breakout momentum, leaving ETH in a slower-moving environment where new order flow will be essential for continuation. Concluding, the CryptoQuant contributor noted that ETH’s higher highs against declining funding rates show that the current market is more resilient against sudden liquidation cascades. However, it also requires a lot more conviction from buyers to sustain the next leg higher. Is ETH Headed For A Correction? Although ETH is currently trading just about 12% below its ATH, some analysts forecast that the second-largest cryptocurrency by market cap may be headed for a correction. Crypto analyst Ted Pillows predicted that ETH may drop all the way down to $3,900 before its next rally. Related Reading: Ethereum’s Latest Rally Fueled By Large-Scale Binance Orders, Analyst Says That said, there are several other data metrics that point toward a potential bullish rally for ETH. For instance, the ETH exchange supply ratio on major exchanges like Binance recently hit a low of 0.037, which may aid in the so-called “supply crunch” for the digital asset. In similar news, Ethereum exchange balance recently turned negative for the first time, suggesting that more tokens are being withdrawn from exchanges than deposited. At press time, ETH trades at $4,334, up 0.6% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
The crypto exchange received two buys, one market-perform, and one neutral rating from Wall Street analysts.
The exchange had suspended most services in January 2025 due to operating without proper registration under anti-money laundering rules.
Data from multiple blockchain trackers shows that Coinbase has drastically cut its XRP holdings, a move that has taken many crypto investors by surprise. Analysts say such a huge reduction points to large outflows from institutional investors, but others have gone further by alleging manipulation. However, pro-XRP lawyer Bill Morgan has poured cold water on these claims. Rumors Of Coinbase Manipulation Swirl On X US-based exchange Coinbase recently reduced its stash from more than 780 million XRP to just under 200 million in a matter of weeks. This translates to a 69% reduction in the exchange’s holdings since the second quarter of 2025, including a 57% plunge over the last month alone. The scale of the drawdown has also shifted Coinbase’s ranking among exchange holders of XRP, sliding it from the fifth largest to barely in the top 10. Related Reading: MemeCore Explodes 3,800% For ATH — But Is A Collapse Around The Corner? An account on the social media platform X, known as Stern Drew, suggested that Coinbase’s sell-offs go with a deliberate strategy to suppress XRP’s price. In a detailed thread, the commentator claimed that nearly 40% of the outflows were routed through OTC desks tied to New York institutions and that the timing of the sales coincided with XRP price dips in August. According to the thread, more than 70% of the volume was unloaded during low-liquidity trading hours, while fragmented routing across wallets masked the scale of the sales. The thread even suggested that some of the XRP ended up with BlackRock-linked custodial wallets, a move that further points to theories about institutional involvement. Bill Morgan Pushes Back On Manipulation Claims Bill Morgan was quick to reject the idea that Coinbase is actively manipulating XRP’s price. In his view, the theory overlooks the fact that XRP has exhibited the same behavior throughout its history, including during the long stretch when Coinbase delisted the asset and had no apparent influence on its market activity. Coinbase suspended XRP trading in January 2021, but it wasn’t until July 2023 that the cryptocurrency started trading again on the US-based exchange. “One heck of a theory about Coinbase being against XRP,” he said, before noting that the token’s movements today are consistent with its established trends. The suggestion of manipulation by Coinbase fails to hold up, as XRP’s price action appears more reflective of broader crypto market movement than any deliberate suppression by the exchange. XRP has been trading within a well-defined range between $2.8 and $2.9 in the past seven days. Although it lost the $3 support level as August came to a close, XRP has managed to hold above $2.8 since then, and this level has so far cushioned it from deeper losses. Related Reading: American Bitcoin, Backed By Trump, Ends Nasdaq Debut Up 17% On the upside, the $3.10 level is the critical resistance to watch. A decisive break above that barrier could shift momentum back in favor of the bulls. Until then, XRP’s price is likely to continue consolidating between $3.10 and $2.8. At the time of writing, XRP is trading at $2.82. Featured image from Unsplash, chart from TradingView
Fresh data from Binance shows that Ethereum (ETH) average order size has been trending upward since late July 2025, signaling a structural shift in market dynamics. Analysts say the cryptocurrency’s recent rally is largely driven by Binance whales. Ethereum Rally Driven By Large-Scale Binance Orders According to a CryptoQuant Quicktake post by contributor Crazzyblockk, Ethereum whales are now dominating order flows on the Binance exchange. The analyst highlighted the average ETH order size on the platform as evidence. Related Reading: Ethereum Demand Stays Strong As Exchange Reserves Keep Falling – Details Crazzyblockk shared the following chart showing different phases of average ETH order size on Binance. Retail-driven phases, highlighted in red, dominated much of 2023–24, when small orders drove up ETH’s price but left it vulnerable to corrections. These retail-driven periods were followed by neutral phases, shown in gray, which reflected indecision among ETH investors. This phase was characterized by fragmented participation and sideways trading behavior. Fast-forward to mid-2025, whale orders – highlighted in green – are firmly in control. Average order sizes have now surged past $3,000 per trade, signaling accumulation by institutional and large-scale investors. The CryptoQuant analyst noted that this whale dominance reflects renewed institutional confidence in ETH, aligning with its rapid price appreciation in recent months. Larger average orders suggest fewer fragmented trades and stronger directional conviction. Binance was chosen for the analysis not only as the world’s largest exchange but also because it is the “epicenter of ETH capital flow.” Crazzyblockk concluded: ETH’s latest rally isn’t just retail speculation – it’s being powered by whales on Binance. With large-scale players setting the tone, Ethereum’s market structure looks increasingly robust, and Binance remains the hub where these decisive flows shape price performance. Is ETH Getting Ready For A Rally? While Bitcoin (BTC) has tumbled 4.1% over the past 30 days, ETH is up 23.4% in the same period, indicating that large-scale investors may be in the middle of capital rotation from BTC to ETH over the past month. Related Reading: Ethereum Will ‘Likely 100x From Here,’ Says Joe Lubin Analysts predict ETH may have further room to grow for the remainder of 2025. Ethereum contracts are seeing a sharp resurgence in 2025, setting the stage for a potential rally to a new all-time high (ATH) of $5,000 towards the end of the year. Ethereum fundamentals are also strengthening, with as much as 36 million ETH staked on the blockchain, raising the possibility of a supply crunch. That said, despite whale accumulation, some analysts caution that ETH could dip to $4,000. At press time, ETH trades at $4,316, down 2.8% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Fresh data from Binance suggests that Bitcoin’s (BTC) illiquid supply has reached historically high levels, a development that could set the stage for BTC to eye the $150,000 milestone by the end of 2025. Bitcoin Illiquid Supply On Binance Hit Record Highs According to a CryptoQuant Quicktake post by contributor Arab Chain, Bitcoin’s illiquid supply recently touched new highs on the Binance exchange. In contrast, BTC’s liquid supply has seen a significant decline. Related Reading: Bitcoin Sentiment On Binance Turns Bullish – But Is The Market Setting A Trap? The CryptoQuant contributor shared the following chart which shows the difference between BTC’s liquid vs illiquid supply on Binance. Bitcoin recently hit a fresh all-time high (ATH) above $120,000 before a price correction, showing that the market is currently in a state of “liquidity scarcity” supporting an upward trend. A high level of illiquid supply essentially means that more BTC is locked away in wallets with minimal movement, effectively removing it from circulation on exchanges. This reduces the amount of Bitcoin available for trading. A lack of BTC readily available on exchanges increases buying pressure on the limited supply that remains. This dynamic helps explain how BTC has continued to reach new highs even without massive inflows of external liquidity. That said, there remain some risks. BTC’s low liquid supply means that whales or large holders can exert significant pressure on the cryptocurrency through any sudden sell-off. Such pressure could result in sharp price correction for the digital asset due to the lack of liquidity to absorb the new supply. At the same time, current on-chain data indicates that whales and institutions appear to be adopting a “hold for the long haul” strategy, underscoring their confidence in Bitcoin’s role as a long-term strategic asset. However, analysts caution that any sudden shift in this behavior would be felt almost immediately across the market. BTC In A “Fragile Bull Run” Arab Chain described the present market situation as a contradictory one. On one hand, rising illiquid supply provides a foundation for further price appreciation. On the other, the lack of liquid supply creates a fragile market structure where even moderate selling could cause significant volatility. Related Reading: More Pain For Bitcoin? Open Interest Surpasses $40 Billion As Longs Crowd In As a result, Bitcoin is currently in a “fragile bull run” in that it is supported by long-term holders but susceptible to sudden selling from whales. However, if BTC illiquid supply continues to rise, then it could move toward levels exceeding $150,000 by the end of 2025. On the flipside, if the liquid supply increases due to persistent sell-offs, then the market could face challenges, leading to a price decline to as low as the $90,000 to $100,000 range. Despite BTC’s fragile price momentum, some experts continue to remain optimistic. Crypto analyst Timothy Peterson recently predicted that BTC can surge as high as $160,000 by Christmas. At press time, BTC trades at $109,286, down 3% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
As Bitcoin (BTC) continues to hover just below the $120,000 level, miners have increased transfers to Binance crypto exchange. According to analysts, elevated BTC transfers to Binance could signal an upcoming price correction for the top cryptocurrency. Bitcoin Price Correction Upcoming? According to a CryptoQuant Quicktake post by contributor Arab Chain, there was a significant spike in BTC transfers from miners to Binance crypto exchange in late July – shown in the form of double tops in the following chart. These spikes were followed by several days of above-average flows to the exchange. Early August saw another surge, with transfers ranging from several thousand BTC to more than 10,000 BTC at their peak. Related Reading: Bitcoin Bull Run At Risk? Binance Whale-To-Exchange Flow Signals Price Correction This activity suggests that miners are continuing to distribute BTC to the exchange. The selling comes as the asset’s price remains close to its all-time high (ATH) of nearly $120,000. Arab Chain noted that compared to the April–June period, the current miner activity resembles “stockpiling or hedging behavior” rather than typical low-noise patterns. The analyst shared several behavioral indicators to support this view. For instance, sustained high inflows during elevated price levels suggest that miners are taking advantage of the rally to secure liquidity, cover operational costs, or manage post-halving treasury needs. However, such large inflows are often linked to short-term resistance. The market must have sufficient buying liquidity to absorb this supply and prevent it from triggering a sharp price decline. The high frequency of peaks over the past two weeks also indicates that this is not a one-off occurrence. Instead, it marks a phase of heightened activity among Binance miners, which increases Bitcoin’s price sensitivity to any drop in demand. According to Arab Chain, if daily flows remain above the recent weekly average – roughly 5,000 to 7,000 BTC per day – it would point to ongoing supply pressure. Conversely, a rapid drop back to lower levels would suggest that the distribution wave was temporary and has already been absorbed. BTC May Be Preparing For A New ATH Despite consolidating just under $120,000, recent on-chain data shows few signs of the Bitcoin market overheating. In addition, the average executed order size in the Bitcoin futures market has been steadily declining, indicating greater retail participation in the rally. Related Reading: Bitcoin Investors Turn To ‘Smart DCA’ As Market Trades Below On-Chain Fair Value Of $117,700 That said, a significant portion of short-term BTC holders have moved into profit, which could set the stage for a sell-off. At press time, BTC trades at $118,970, down 0.6% over the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
After failing to decisively break above the $120,000 level in mid-July, Bitcoin (BTC) could face further price corrections as whales continue to increase BTC inflows to the Binance crypto exchange. Is Bitcoin Losing Its Bullish Momentum? According to a recent CryptoQuant Quicktake post by contributor Arab Chain, fresh data from the Binance Whale-to-Exchange Flow indicator suggests that BTC may soon experience additional downside pressure. Related Reading: Bitcoin ETF Market Flashes Warning: IBIT Outflows Paired With Drop In Tron USDT Transfers The analyst noted that despite growing retail participation in the BTC market, persistently high whale inflows into Binance – combined with a declining Bitcoin price – signal that the market could be entering a technical correction phase. Arab Chain shared the following chart, where the purple zone shows that whale inflows to Binance remained consistently high throughout July and early August. At the same time, the drop in BTC price reflects a distribution pattern, where whales begin unloading BTC on exchanges following a sharp rally. Although there were no extreme spikes, whale inflows into Binance stayed elevated in the $4 billion to $5 billion range, indicating that these large holders are actively moving BTC onto the exchange – often a precursor to major sell-offs. The fact that these inflows remain high on Binance despite the drop in BTC price suggests that either whales are still selling their holdings on the exchange, or they are waiting for a price rebound to exit the market. Similarly, the light blue area in the chart shows a notable increase in retail inflows to Binance during late July and early August. Historically, such late-stage retail participation often marks the final phase of a bullish cycle, providing exit liquidity for whales. The analyst concluded: Despite the rise in retail participation, the market shows signs of internal weakness, with sustained whale inflows to Binance and loss of upward momentum. If this behavior continues, the market may be entering a medium-term correction phase. Investors Still Optimistic About BTC While signals suggest the current BTC rally may be overextended, some investors remain confident, employing strategies like Smart Dollar-Cost Averaging (DCA) to accumulate BTC in anticipation of further price gains. Related Reading: Bitcoin Holds Steady At $115,000, But Realized Price Data Warns Of Fragility Fellow CryptoQuant analyst Oinonen noted that while the recent pullback in BTC price may have raised concerns about further declines, the asset’s historical Q4 performance could propel it to a new all-time high of $200,000 by the end of 2025. After hitting a recent low around $111,800, BTC has recovered part of its losses and is now trading near $116,500. Still, some analysts caution investors against “excessive optimism.” At press time, BTC was trading at $116,501, up 0.2% over the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
The deal follows Bit2Me's authorization under the EU's MiCA license approval, allowing it to operate across the European Union.
Good news for TRX investors as TRON Inc. has filed a $1 billion shelf offering with the U.S. SEC, aiming to acquire up to 3.1 billion TRX tokens. This initiative marks an 849% jump from the firm’s last major token purchase of 365 million TRX in June 2025, which coincided with the start of a bullish TRX rally. Related Reading: Dogecoin Eyes Breakout Above Key Trendline-Will Momentum Hold Or Fade? Currently, TRX trades at $0.33, showing price resilience despite a 2.94% dip over the last 24 hours. Market watchers are eyeing the $0.35 and $0.40 resistance levels, with the all-time high sitting at $0.44. The shelf offering enables TRON Inc. to gradually accumulate tokens, reducing the risk of market disruption while maintaining steady upward pressure on the price. TRX's price trends to the upside on the daily chart. Source: TRXUSD on Tradingview Institutional Confidence and TRON Whale Activity Soar TRON’s strategic growth has been boosted by a 526% surge in whale transactions, coupled with record-high unrealized profits on the network. Following its successful Nasdaq listing via a $100 million reverse merger with SRM Entertainment, TRON Inc. is increasingly attracting institutional capital. This mirrors corporate strategies like MicroStrategy’s Bitcoin reserves, signaling a potential paradigm shift in blockchain finance. Technical indicators remain bullish. TRX sits above key moving averages, with momentum metrics such as MACD and RSI supporting continued price strength. Analysts suggest a breakout above $0.35 could set the stage for a rally toward $0.43. Stablecoin Dominance and Ecosystem Expansion TRON now hosts over $80.8 billion in USDT, surpassing Ethereum in Tether supply and processing over $20 billion in USDT daily. The network’s low-cost infrastructure has made it a preferred choice for stablecoin transactions, bolstering its position in cross-border payments. Related Reading: Whale Buys $153M In Ethereum From Galaxy Digital OTC: Institutions Are Betting Big Despite regulatory scrutiny and governance questions, TRON continues to expand its DeFi and dApp ecosystems. With $1 billion in planned token purchases and institutional backing growing, TRX could be poised for a significant upward trajectory. Cover image from ChatGPT, TRXUSD chart from Tradingview
CMT Digital, Circle Ventures and Point72 back Amsterdam-based D2X as it targets crypto futures and options
EDX International, the Singapore-based global hub of the firm, is offering trading in 44 cryptocurrency pairs, including Bitcoin, ETH, Sol, and XRP.
The anti-Iran group targeted state-owned Bank Sepah a day prior, and now threatens to leak Nobitex’s source code, calling the platform a "terror-financing tool" used to bypass sanctions.
Details of the May hack were first revealed by blockchain sleuth and Paradigm advisor ZachXBT.
Backed by Kraken, Slow Ventures, and CMCC Global, the trading platform offers on-chain custody combined with high speed execution.
Kraken Prime will offer institutional crypto clients trading, custody and financing through a unified platform.
On-chain sleuth ZachXBT reports that BitoPro suffered a suspected $11.5 million exploit on May 8, with stolen funds laundered through Tornado Cash and Thorchain.
OKX, Bybit, 1000x, and XT are among the exchanges that will be blocked in Thailand by the end of June.
The cryptocurrency industry in India has spotted its chance to lobby for more favorable treatment from New Delhi
The exchange posted adjusted EBITDA of $187 million, a 1% increase from the previous quarter and a 17% rise year-over-year.
According to a recent CryptoQuant Quicktake post, short-term Bitcoin (BTC) holders are choosing to retain their digital assets despite incurring unrealized losses. CryptoQuant contributor Onchained explained that short-term BTC holders have recorded significantly lower realized losses compared to their unrealized losses. Short-Term Bitcoin Holders Expecting A Price Rally? The first quarter of 2025 has been marked by high price volatility in the cryptocurrency market, including Bitcoin. BTC has dropped from approximately $97,000 on January 1 to around $83,000 at the time of writing, reflecting a decline of more than 15%. Related Reading: Bitcoin Whales Make Big Moves As Bullish Momentum Resurfaces Despite this price pullback, short-term BTC holders continue to hold onto their assets instead of selling at a loss. CryptoQuant contributor Onchained analyzed the Short-Term Holder Net Realized PNL to Exchanges, highlighting a shift in selling behavior. According to the analyst, BTC holders who have owned their coins for one to three months have been the most active sellers in recent days, even at the cost of realizing losses. This is unusual, as short-term investors holding BTC for less than a week are typically the most reactive sellers. However, recent data shows a significant decline in selling pressure to cryptocurrency exchanges. This suggests that BTC holders who purchased their coins in the last six months are opting to hold onto their assets rather than panic sell. This shift in selling behavior among short-term holders could have multiple implications. A decline in selling pressure may indicate a change in investor sentiment, with holders willing to endure short-term losses in anticipation of long-term gains. While the analyst cautioned that this data does not predict future price movements, it does provide valuable insights into market psychology. The analysis states: Are short-term holders finally holding the line? If so, this could reduce downside volatility and set the stage for stabilization, or even a reversal. Onchained concluded that short-term holders currently control 28% of BTC’s circulating supply. If a significant portion of these holdings transitions to long-term holders, it could pave the way for Bitcoin’s price to surge beyond $150,000. Is BTC About To Stage A Comeback? Alongside the decline in short-term BTC selling pressure, several other exchange-related metrics suggest the possibility of an upcoming price surge for the world’s largest cryptocurrency by market capitalization. Related Reading: Bitcoin Breaks Daily RSI Downtrend, But Analyst Warns Of Strong Resistance Ahead Recently, crypto entrepreneur and market commentator Arthur Hayes claimed that BTC “probably” hit this market cycle’s bottom during its plunge to $77,000 on March 10. However, Hayes noted that the stock market could still experience further pullbacks. While Bitcoin has been in a downtrend for the past few months, gold has surged to multiple new all-time highs (ATHs) due to ongoing global macroeconomic uncertainty. BTC’s poor performance against the precious metal is likely to continue as the US trade tariff threat looms. At press time, BTC trades at $83,953, up 2.2% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
A better user experience can be created by having fintech at the front and DeFi at the back, also known as a “DeFi mullet.”
Mt Gox, the failed Tokyo-based crypto exchange, is back in the news after on-chain data confirmed that it has moved 11,501.4 Bitcoins worth over $1 billion to its two crypto wallets. Arkham Intelligence shared this latest information, which revealed that the once-popular crypto exchange moved over 11,000 Bitcoins on March 25th. The analytics company stated that the exchange transferred 899 Bitcoin to a cold crypto wallet (1Jbez) and another 10,608 Bitcoins to another account (1DcoA). Related Reading: Shiba Inu ETF Proposal—Could This Be SHIB’s Breakout Moment? Interestingly, the bankrupt exchange also sent 12,000 Bitcoins worth $1 billion last March 6th and 11,833 Bitcoins on March 11th. Arkham Intelligence confirms that the exchange still controls 35,000 Bitcoins worth more than $3 billion in different wallets. ????BREAKING: MT. GOX MOVES 11,501 $BTC WORTH $1 BILLION. 893 $BTC ($78.11M) TO THE HOT WALLET 10,608 $BTC ($927.48M) TO A CHANGE WALLET SHOULD WE BE WORRIED? pic.twitter.com/RUAcQFYwqa — Crypto Rover (@rovercrc) March 25, 2025 Mt. Gox Moves Another $1 Billion Worth Of Bitcoins Mt. Gox is having a busy March after on-chain data suggest that the company has moved billions of Bitcoins. According to Arkham Intelligence, the crypto exchange has transferred over 11,000 Bitcoins in its third crypto transaction this March. After noting the transaction, the analytic firm instantly shared the news through its Twitter/X account. In a post, the firm confirmed the transfer of 893 Bitcoins worth around $78 million to a Mt. Gox wallet. Then, the company transferred 10,608 Bitcoins valued at $929 million to another wallet. Source: Arkham Intelligence Spot On Chain Reveals Mt. Gox Previously Transferred Assets To Bitstamp Spon On Chain also shared that one of Mt. Gox’s recent transfers targeted Bitstamp. The analytics firm noted that the 833.4 Bitcoins added to its Bitstamp account will be moved again. It said the exchange’s wallet (1PuQB) had transferred 12,000 Bitcoins valued at over $1 billion last March 6th. Akrham also added that the crypto exchange transferred $15 million of the $1 billion fund to BitGo, one of its custodians handling creditor repayments. Mt. Gox also moved 166.5 Bitcoins valued at $15 million to its cold wallet, while the rest was transferred to an unidentified crypto wallet. Mt. Gox was also active last March 11th, transferring 11,833 Bitcoins worth nearly $1 billion at current prices. Spot On Chain shared that the company started transferring its assets last June 2024, with the first tranche valued at $9.2 billion. Mt. Gox Moving Its Bitcoins To Pay Creditors Mt. Gox was once the top crypto exchange before it fell into bankruptcy in early 2024, losing 850,000 Bitcoins. At its peak, the crypto exchange handled 70 to 80% of the total crypto trade transactions. Related Reading: XRP Breakout On Hold? Financial Expert Reveals What’s Missing After its collapse in February 2014, a court appointed trustees to manage the company’s bankruptcy proceedings and plan its finances. According to a court agreement, Mt. Gox has until October 31st, 2025, to compensate the affected customers. Featured image from Shutterstock, chart from TradingView
The securities regulator's long-delayed rule expanding the scope of regulated exchanges shouldn't have tried to include crypto, Mark Uyeda argues.
The company is joining a growing number of cryptocurrency firms for IPO ambitions amid growing institutional adoption and a more favorable regulatory environment.