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🚨 MT. GOX CREDITORS OPT to HODL BITCOIN PAYOUTS — REDDIT POLL 🚨 A recent poll on the Mt. Gox Insolvency subreddit reveals that a significant number of Mt. Gox creditors plan to retain their Bitcoin payouts. Approximately 56% of the 467 participants indicated they would hold onto their BTC, aligning with the "hodl" strategy, despite the ongoing market fluctuations. 📉 About 20% Plan to Sell All Their Bitcoin Holdings Contrastingly, around 20% of the respondents expressed their intention to sell 100% of their Bitcoin payouts. An additional 14% plan to sell up to 25% of their holdings, while only 6% consider selling up to 50%. 📈 Mt. Gox Bitcoin Distribution Update Mt. Gox, once the largest Bitcoin exchange, collapsed in 2014 after losing 850,000 BTC. As of July 17, more than 36% of the owed Bitcoin has been distributed to creditors. It looks like the constant dumping of Bitcoin across the board has come to a stop! Let's see if we can hit the $100k mark from here! Follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE to stay updated! #mtgox #bitcoinprice #priceanalysis #markettrends #btc $BTC $PEPE $SHIB
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🚨 $235M INDIAN CRYPTO EXCHANGE HACK 🚨 Web3 security firm Cyvers has identified “multiple suspicious transactions” involving the Safe Multisig wallet of Indian crypto exchange WazirX on Ethereum. A staggering $234.9 million has been moved to a new address, with each transaction’s caller funded by Tornado Cash, a decentralized protocol for private transactions. 🔍 Funds Converted to Ether 🔍 The stolen funds, which included Tether (USDT), Pepe (PEPE), and Gala (GALA), have been converted into Ether (ETH). 💰 Over $210 Million Left to Offload According to crypto investigator ZachXBT, the suspected primary attacker’s address still holds over $104 million to dump. The wallet primarily contains: $100 million Shiba Inu (SHIB) $52 million Ether (ETH) $11 million Polygon (MATIC) $4.7 million FLOKI $3.2 million Fantom (FTM) $2.8 million Chainlink (LINK) $2.3 million Fetch.ai (FET) Various other tokens making up the remaining funds. 🚫 WazirX Suspends Withdrawals 🚫 In response to the security breach, WazirX has paused the withdrawal of cryptocurrencies and Indian rupees. The exchange announced on X (formerly Twitter) that they are “actively investigating the incident” and will provide updates as the situation evolves. Official Statement from WazirX: "Actively investigating the incident. Updates will follow." Stay updated with @Professor Mende - Founder of BONUZ Project - in Dubai UAE Drop a like, comment & follow! #SCAMalerts #hack #wazirx #cryptohack #scam $BTC c $ETH h $SOL
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🚀 BITCOIN AIMING FOR $70K MARK 🚀 Bitcoin traders are setting their sights on a short-term price target of $70,000 after BTC surged above $66,000 during the Asian trading session on July 17, 2024. Although the price later pulled back to $65,000 during the European morning, it remains up by 2.2% over the past 24 hours. 📈 Market Optimism on the Rise 📈 Lucy Hu, a senior analyst at Metalpha, shared with CoinDesk, “The rebound in Bitcoin price shows the market has a more optimistic outlook in the near-term macro environment.” The crypto market received a significant boost from the announcement of Donald Trump's vice presidential pick, hinting at a potentially more crypto-friendly administration and policies. Additionally, there’s less concern over long-term selling pressure as Mt. Gox repayments to creditors have already started. 💰 Bitcoin ETFs See Record Inflows 💰 Bitcoin exchange-traded funds (ETFs) continued their seven-day winning streak on Tuesday, with a massive inflow of $422.5 million, marking the largest single-day influx since June 5. The majority of these funds, over $260 million, went into BlackRock's IBIT. Over the past three days, ETFs have collectively attracted more than $1 billion, highlighting increasing confidence in Bitcoin’s price potential. ETFs Inflow Highlights: Total Inflows on Tuesday: $422.5 million BlackRock's IBIT: $260 million+ Three-Day Total Inflows: $1 billion+ This surge in ETF inflows has coincided with a 20% rise in BTC, reflecting a broader market sentiment shift. Watch the price closely and stay updated with @Professor Mende - Founder of BONUZ Project - in Dubai UAE ! #bitcoinprice #btc #bitcoin #markettrends #bullorbear $BTC $ETH l $SOL
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🚀 #MEMECOINS OUTPERFORM $BTC, $ETH, AND $SOL AS TRADERS ROTATE HOLDINGS 🚀 On Tuesday, the $53 billion meme coin sector saw a spectacular rise of over 12%, with notable tokens like pepe (PEPE) and dogwifhat (WIF) surging by 22% and 25% respectively, according to CoinGecko data. 📈 Market Dynamics and Performance 📈 This surge in meme coins comes as Bitcoin (BTC) recovered to a one-month high of $65,000 before slightly retreating to $63,000. This robust performance indicates that traders are taking profits from higher market cap assets like BTC and Ethereum (ETH) and diversifying into more speculative meme coins. Pepe (PEPE): +22% Dogwifhat (WIF): +25% The CoinDesk 20 Index (CD20), which measures the performance of large-cap tokens, is up by 2.3% over the past 36 hours. 💬 New Political Meme Coins Surge 💬 Several meme coins based on American politics have emerged following the news of the assassination attempt on presidential candidate Donald Trump at a rally in Pennsylvania. Notably, America Coin (USA) and Super Trump (STRUMP) have soared by 204% and 43% respectively since the incident. America Coin (USA): +204% Super Trump (STRUMP): +43% The shooting incident, which occurred less than 36 hours ago, has significantly impacted market sentiment, leading to increased volatility and trading activity. 🔄 Trading Patterns and Liquidity Insights 🔄 Meme coins historically perform well during periods when BTC and ETH are rangebound near local highs, and poorly during wider market downturns. For example, Dogwifhat (WIF) experienced a 60% rise in May while BTC traded between $66,000 and $69,000. However, WIF lost 60% of its value in the subsequent 30 days as BTC fell by 21%. Do you hodl any meme coins? If yes, let me know which ones in the comments! Follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE for more updates! #memecoin #bullorbear #wif #pepe #trump
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