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💸 Mt. Gox Transfers $9B Bitcoin to Single Address As Part of Repayment Plans

💸 Mt. Gox, the defunct Bitcoin exchange, transferred over 140,000 BTC to an unknown address in 13 transactions early Tuesday. This move is likely part of plans to repay creditors by October 2024.

🔽 The market reacted bearishly, with Bitcoin dropping 1.4% to $67,680 after hitting $70,000 on Monday amid expectations of selling pressure. However, the rehabilitation trustee stated no sale had occurred and the coins were being “managed in a secure manner.

#🧃 Ethereum Meme Coins PEPE, MOG Hit All-Time Highs on Ether ETF Filing Approvals

🔼 Ethereum meme tokens PEPE and MOG hit record highs on Monday, fueled by the recent U.S. approval of Ether ETF filings.

🕯 The frog-themed PEPE jumped 11%, while cat-themed MOG soared 45% as traders treated them as leveraged “beta bets” on Ether’s price. Trading volumes for PEPE topped $1.8 billion. Futures data showed rising open interest, suggesting new money entering the market.

🔗 However, PEPE’s long-to-short ratio favored shorts at 54%, indicating traders betting against further price rises. Meme tokens with no inherent value have gained prominence lately as speculative plays on the growth of blockchain ecosystems like Ethereum.

#🧠 Top 3 AI Cryptos Set to Skyrocket in June 2024: RNDR, GRT, and NEAR Predictions

🔍 Three AI-focused cryptocurrencies—Render (RNDR), The Graph (GRT), and Near Protocol (NEAR)—show promising signs of price growth in June 2024.

🕯 RNDR’s expanding user base, GRT’s solid partnerships and adoption, and NEAR’s developer-friendly features position these projects well. With AI’s rising prominence across industries, investment demand could surge for these blockchain-AI solutions next month.

🔴 However, volatility risks remain, so cautious analysis is advisable before investing in any speculative asset class.

Disclaimer: This content should not be considered investment advice.