TL;DR

• Galaxy reported that most Mt. Gox creditors plan to be repaid in kind and won't sell off large amounts.

• A whale withdrew 3 million OM tokens from Binance six hours ago.

• An address liquidated PEPE tokens valued at $3.79 million.

• The U.S. spot Bitcoin ETF experienced a net outflow of around $37.3 million this week.

• The total number of NFTs minted on the Solana blockchain has surpassed 500 million.

• Zheshang Bank has secured a patent for "blockchain cross-chain identity authentication and authority control methods, devices, and computer equipment."

• Biden's election probability has fallen to a record low of 16%.

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Alpha of the Day

Galaxy Report: Mt. Gox Creditors to HODL

According to Galaxy, the vast majority of Mt. Gox creditors plan to be repaid in kind and aren’t rushing to dump their crypto. These OG Bitcoin holders have decided that selling off in large amounts is too mainstream for them. Instead, they’re opting to keep their digital treasures, proving that patience is not just a virtue but a financial strategy. Maybe they’ve got diamond hands, or maybe they’re just waiting for the next moon landing. Either way, the Mt. Gox saga continues with a twist of HODL.

Whale Withdraws 3 Million OM Tokens from Binance

A crypto whale made a splash by withdrawing 3 million OM tokens from Binance just six hours ago. That’s right, someone out there is swimming in OM and decided to move their hefty stash. This mysterious whale is either preparing for a big move or just playing a high-stakes game of crypto hide-and-seek. Either way, it's got the crypto community buzzing and speculating about what’s next for OM.

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PEPE Tokens Liquidated for $3.79 Million

An address decided to part ways with PEPE tokens worth a cool $3.79 million. Whether this was a strategic sell-off or just someone cashing in on their meme coin winnings, it’s a sizable liquidation that has the market talking. PEPE might be the internet’s favorite frog, but for this investor, it was time to turn those digital amphibians into cold hard cash.

U.S. Spot Bitcoin ETF Sees $37.3 Million Outflow

This week, the U.S. spot Bitcoin ETF experienced a net outflow of around $37.3 million. Investors seem to be taking a breather, perhaps deciding that summer is for vacations, not for holding ETFs. While some might see this as a sign of wavering confidence, others might argue it’s just the ebb and flow of the crypto tide. Either way, $37.3 million is no small change, and it’s certainly got heads turning.

Solana Blockchain Surpasses 500 Million NFTs Minted

The Solana blockchain is on fire, having minted over 500 million NFTs. That’s half a billion digital collectibles floating around, showcasing everything from pixel art to virtual real estate. Solana is proving to be the go-to platform for NFT creators and collectors alike, cementing its status as a major player in the crypto art world. If you haven’t minted an NFT on Solana yet, what are you waiting for? The next billion starts now.

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Zheshang Bank Secures Patent for Blockchain Tech

Zheshang Bank has locked down a patent for "blockchain cross-chain identity authentication and authority control methods, devices, and computer equipment." In other words, they’ve got the fancy tech to make sure your blockchain transactions are secure and legit across different chains. This move puts Zheshang Bank on the map as a tech-savvy institution ready to innovate in the crypto space. It’s like they’ve got the blockchain version of a Swiss army knife, and they’re not afraid to use it.

Biden’s Election Probability Drops to 16%

Biden’s chances of getting re-elected have plummeted to a record low of 16%. It looks like the political rollercoaster has taken a steep dive, and Biden’s got his work cut out for him if he wants to turn those numbers around. Whether it’s policy missteps or just the fickle nature of public opinion, it’s clear that the road to re-election is looking pretty rocky. Time to see if he can pull off a political comeback or if the voters will be swiping left this time around.

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