U.Today – U.Today has prepared the three most important news stories of the last day.
Mt. Gox makes a massive transfer as BTC price languishes
In a recent post on X, 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 transferred 61,559 BTC (valued at roughly $3.89 billion) to Bitstamp, Kraken, Bitbank, and SBI VC Trade for repayment. So far, over 40% of the coins have already been distributed to Mt. Gox’s creditors. When it comes to the selling pressure caused by Mt. Gox, it seems that the market has overestimated it. According to U.Today’s previous report, many Bitcoin holders have chosen to move their funds to cold storage.
Shiba Eternity game launches in closed beta: details
Yesterday, Shiba Inu’s CMO Lucie shared on her X profile that Shiba Eternity, Shiba Inu’s Play-to-Earn (P2E) game, has launched in closed beta. However, currently, access to the game is only available to LEASH holders. These holders can play Shiba Eternity on the Shibarium network. Since its launch in 2022, Shiba Eternity has undergone a number of modifications and has improved significantly (based on user feedback), thanks to the team’s hard work in improving it. The card game allows users to earn TREAT tokens for playing the game, and each transaction burns some SHIB.
Fidelity's Bitcoin ETF debuts in London
Fidelity, a Boston-based financial giant, has launched its Bitcoin exchange-traded product (ETP) in London. The product comes with a 0.35% ongoing fee. However, since the product will only be accessible to accredited investors, the listing will likely only have a limited impact. The UK’s top financial regulator approved the listing of such products in March. According to Fidelity’s Stefan Kuhn, this decision is a “positive development.” As previously reported by U.Today, two Bitcoin ETPs from WisdomTree and 21Shares made their long-awaited debut in London at the end of May. It is noteworthy that European regulators prohibit the issuance of ETFs tied to a single commodity.
This article was originally published on U.Today
