tl;dr
- Mt. Gox makes a significant Bitcoin transfer of 11,834 Bitcoins worth around $931.19 million amid a market crash, raising concerns within the crypto community. - Franklin Templeton, a $1.53 trillion investment giant, files a proposal for an XRP ETF, joining other major applicants. Uncertainty rema...
Mt. Gox makes a significant Bitcoin transfer of 11,834 Bitcoins worth around $931.19 million amid a market crash, raising concerns within the crypto community. The majority of the funds were moved to a new wallet, while the rest were sent to a warm wallet, following previous large transfers earlier in the month. These movements took place as Bitcoin plunged to lows of $76,000 and Ethereum dropped below $1,800, marking the lowest level since October 2023. Mt. Gox, which went bankrupt in 2014, continues to attract significant attention with its ongoing transfers.
Franklin Templeton, a $1.53 trillion investment giant, has filed a proposal for an XRP ETF, joining other major applicants in the race. The SEC has acknowledged the proposals from several firms, including Grayscale, with analysts viewing this as a positive sign, although the approval remains uncertain. At the same time, XRP is trading at $2.16, with a 4.13% surge over the past 24 hours, according to CoinMarketCap data.
Cardano's trading volume surged to $2 billion in 24 hours, indicating renewed interest in the asset after a recent price decline. Despite a slight rebound, technical indicators suggest ongoing bearish pressure, as ADA is trading at $0.7240, up 1.01% over the past 24 hours, per data from CoinMarketCap. The next few days will be crucial in determining the future trend for ADA.