);)
A few weeks after declaring debt repayment, Mt. Gox, which went bankrupt after a massive hacking incident in 2014, transferred about 30,000 BTC to a new wallet, causing fear in the market. On-chain analysis platform Arkham Intelligence reported that about 32,371 BTC were transferred from Mt. Gox's wallet to about 3 different wallets on the 5th. A few days earlier, Mt. Gox had also transferred about 500 BTC to a new wallet.
2. Bitcoin surges 3.7% following the heat of the US presidential election
On the 6th, the price of BTC surged in line with the ongoing heat of the US presidential election. According to data from on-chain analysis platform CoinTelegraph Market Pro and TradingView, large buy orders started flowing in from the morning of the 6th, leading to the liquidation of short positions in the futures market.
3. Bitwise's Chief Investment Officer: "Cryptocurrencies will grow regardless of the US presidential election"
In an investor note released on the 5th, Matt Hougan, Chief Investment Officer of Bitwise, argued that the innovation in the cryptocurrency market will grow significantly regardless of the US presidential election. He said that while the regulatory changes following the presidential election results could slow down the cryptocurrency market, cryptocurrencies will grow with the trends of stablecoin adoption, institutional cryptocurrency adoption, and asset tokenization.
4. Bithumb exchange's whale wallet accumulates 1.6 billion XRP
The whale wallet of the South Korean cryptocurrency exchange Bithumb accumulated 1.6 billion XRP on the 5th, drawing much attention. According to a report by on-chain analysis platform Whale Alert, a total of about 1.6 billion XRP were transferred to 3 newly created wallets on Bithumb on the 5th. Crypto news outlet CryptoNews reported on the 6th that this large-scale XRP transfer movement could signal a rally for XRP.
5. Circle CEO: "Stablecoins will change the global trade paradigm"
At the Hong Kong Fintech Week speech on the 5th, Jeremy Allaire, CEO of Circle, claimed that stablecoins will reshape the global trade settlement system in the future. He said that due to the efficiency of stablecoins in global payment processing, stablecoins will restructure the international trade infrastructure, and USDC will play a major role in this.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
