
Catakor
@catakor.eth
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Mt. Gox Announces Repayment to Creditors in Early July 2024
> Mt. Gox, the defunct cryptocurrency exchange based in Shibuya, Tokyo, Japan, has announced that it will begin repaying creditors in Bitcoin (BTC) and Bitcoin Cash ( $BCH ) in early July 2024.
> Currently, Mt. Gox holds 141,686 BTC, valued at approximately $8.63 billion, across three wallets.
> Following the announcement, the market reacted negatively, with the price of $BTC dropping from $62.8K to $60.8K within a few minutes.
> Interesting, how many of those BTC will be sold right after being received / how many are already sold OTC / and how many will remain untouched. 0 reply
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Memecoin leverage trading protocol Wasabi raised $3M!
The funding round was led by Electric Capital, with participation from Alliance DAO (formerly DeFi Alliance), Memeland, Spencer Ventures, Cygaar, Luca Netz, Santiago R. Santos, and DCF God.​⬤
Memecoins are the biggest trend in this bull market!
The reason is simple: current infrastructure projects launch their tokens with a fully diluted valuation (FDV) of 1-5 billion dollars, leaving no space for retail investors to earn.
That is why, in my opinion, projects that provide infrastructure for memecoins can perform really well in this bull market.
One such example is Pump.fun
Pump.fun helps everyone launch a #memecoin that is instantly tradeable without having to seed liquidity. Everyone can deploy a coin for under $2 in one click.
Based on data from DefiLlama, the current daily revenue of Pump.fun fluctuates between $500K and $1.5M!
#trading #crypto 0 reply
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