U.Today – U.Today has prepared the three most critical news of the past day.
Mt. Gox Makes Huge Transfer As BTC Price Falls
In a recent post by X, Lookonchain reported that Mt. Gox transferred $3.13 billion worth of Bitcoin to three undisclosed wallets yesterday over the course of three hours. Since July 5, the collapsed exchange has transferred 61,559 BTC (worth about $3.89 billion) to Bitstamp, Kraken, Bitbank, and SBI VC Trade for repayment. To date, more than 40% of the coins have already been distributed to Mt. Gox creditors. As for the selling pressure caused by Mt. Gox, it seems the market has discounted it. According to an earlier report by U.Today, many Bitcoin holders have decided to move their funds to cool storage.
Shiba Eternity is now available in closed beta: Details
Yesterday, Lucie, the marketing lead, shared on her X profile that Shiba Eternity, Shiba Inu’s Play-to-Earn (P2E) game, has entered closed beta. However, access to the game is currently only available to LEASH owners. Those owners can play Shiba Eternity on the Shibarium network. Since its release in 2022, Shiba Eternity has undergone a number of modifications and has improved significantly (according to user feedback), thanks to the team working challenging to improve it. The card game allows users to earn TREAT tokens to play the game, with each transaction burning a little SHIB.
Fidelity’s Bitcoin ETF debuts in London
Boston-based financial giant Fidelity has launched its Bitcoin exchange-traded product (ETP) in London. The product carries a 0.35% ongoing fee. However, since the product will only be available to accredited investors, the listing is likely to have constrained impact. The UK’s top financial regulator approved the listing of such products in March. According to Fidelity’s Stefan Kuhn, the decision is a “positive development.” As U.Today previously reported, two Bitcoin ETPs from WisdomTree and 21Shares debuted in London in delayed May. Interestingly, European regulators prohibit the issuance of ETFs linked to a single commodity.
