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[Analyst: Bitcoin can withstand any negative impact from the Mt. Gox sell-off]
Bitget Research analyst Ryan Lee said in an interview with The Block that Mt.Gox's earlier announcement that it plans to distribute Bitcoin and Bitcoin Cash repayments starting in July, which led to a drop in Bitcoin prices, was a typical "sell the news" scenario.
The analyst added that despite the large amount of the proposed $9 billion repayment, Bitcoin prices are resilient, saying: "In the macro environment, the Federal Reserve's net liquidity index has exceeded $6.5 trillion, releasing $400 billion in liquidity to the market, reaching a 24-month high. Coupled with possible rate cuts, Bitcoin has the advantage and potential to withstand any negative impact from the Mt. Gox sell-off."
[Informed sources: Trump may speak at the Bitcoin 2024 conference at the end of July]
According to Axios, former US President Trump is in talks to speak at the Bitcoin 2024 conference in Nashville in late July, according to two people familiar with the matter.
It is reported that the Bitcoin 2024 event hosted by Bitcoin Magazine will be held from July 25 to 27, the week after the Republican National Convention, and it is regarded as the largest Bitcoin event this year.
Trump is not the only presidential candidate at the convention. Independent candidate Robert F. Kennedy Jr. is also scheduled to speak at the convention, and former Republican candidate Vivek Ramaswamy and Senators Bill Hagerty (R-Tenn.) and Marsha Blackburn (R-Tenn.) will also be in attendance.
[Data: Trump's campaign has received approximately $1.7492 million in on-chain donations]
According to Fox Business reporter Eleanor Terrett, data shared with her by Breadcrumbs.app showed that Trump had received about $60,000 in on-chain cryptocurrency donations before the Winklevoss brothers donated last week. Together with the Winklevoss brothers' donations, the campaign team received a total of about $1,749,200 in on-chain donations.
Notably, this figure does not include off-chain donations received through exchanges such as Coinbase and Gemini . That information should be available when the campaign reports to the Federal Election Commission at the end of the month.
Jump Crypto President Kanav Kariya announces his resignation
Jump Crypto President Kanav Kariya posted on the X platform that he will end his six-year career at the company.
Kanav Kariya said: “I believe Jump Crypto will continue to do great things in the industry. As for what’s next, I plan to continue to stay connected with the portfolio companies I’m most involved with and hope to take some time to process the incredibly eventful year we’ve all been through. This will also be a very welcome opportunity for me to catch up on the relationships and reading I’ve put on hold. Beyond that, I’ll try to patiently wait for a deep strike of inspiration before I dive frantically into my next endeavor.”
[Billionaire Mark Cuban starts selling some of his NFT holdings after two years]
OpenSea data shows that former NBA Dallas Mavericks owner and billionaire Mark Cuban started selling NFTs in his address after two years. In the past two days, he has sold 12 NFTs with a total value of about 11.43 WETH (about 37,800 US dollars).
Data shows that Mark Cuban sold 1 Pudgy Penguin 6239 for 9.075 WETH, placed an order for 1 HASHTAG NFTs by Proof of Culture for 15 ETH, and placed an order for 1 BibleNFT for 5 ETH. His address currently holds NFT assets worth more than 1,900 ETH.
[Bloomberg analyst: If all Mt.Gox Bitcoins enter the market, more than half of the ETF inflows will be offset]
Mt.Gox disclosed today that it plans to start BTC and BCH compensation in July. The value of the Bitcoin it holds is approximately US$9 billion. According to Eric Balchunas, senior ETF analyst at Bloomberg, who wrote on the X platform, this amount of funds is equivalent to more than half of the Bitcoin ETF inflows being offset.
Author: BitpushNews Mary Liu
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