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šø Mt. Gox Transfers $9B Bitcoin to Single Address As Part of Repayment Plans šø 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. š½ 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 āmanaged in a secure manner.
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#š§ Ethereum Meme Coins PEPE, MOG Hit All-Time Highs on Ether ETF Filing Approvals š¼ Ethereum meme tokens PEPE and MOG hit record highs on Monday, fueled by the recent U.S. approval of Ether ETF filings. šÆ The frog-themed PEPE jumped 11%, while cat-themed MOG soared 45% as traders treated them as leveraged ābeta betsā on Etherās price. Trading volumes for PEPE topped $1.8 billion. Futures data showed rising open interest, suggesting new money entering the market. š However, PEPEās 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.
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#š§ Top 3 AI Cryptos Set to Skyrocket in June 2024: RNDR, GRT, and NEAR Predictions š Three AI-focused cryptocurrenciesāRender (RNDR), The Graph (GRT), and Near Protocol (NEAR)āshow promising signs of price growth in June 2024. šÆ RNDRās expanding user base, GRTās solid partnerships and adoption, and NEARās developer-friendly features position these projects well. With AIās rising prominence across industries, investment demand could surge for these blockchain-AI solutions next month. š“ 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.
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