TL;DR

• Bitcoin Price Drops on Mt Gox Repayments

• German Gov’t Moves $172M in Bitcoin

• Vitalik Pushes for Faster Ethereum with EIP-7732

• Grayscale Ethereum Trust Hits Premium Amid ETF Anticipation

• Multicoin Commits Up to $1M for Pro-Crypto Senate Candidates

• VanEck on Solana ETF Approval Odds Without Gensler

• BingX Launches USDC Perpetual Futures Trading

• KUJI Trading Launch on Kraken

• Coinbase Futures Application Boosts AVAX

• Swiss Government Bank Launches AVAX and others

• German MP Urges Halt to Bitcoin Sell-off

• UK Crypto Advocates Urge Policy Continuity

And much more!

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Bitcoin Price Drops on Mt Gox Repayments

Bitcoin's price plummeted below $55,000 following Mt Gox's commencement of creditor repayments, marking a pivotal moment after the exchange's 2014 collapse. As Mt Gox began distributing approximately $9 billion in owed funds, Bitcoin saw a sharp 6% decline, hovering near $54,000.

The move sparked broader market turmoil, with the crypto sector shedding over $170 billion in 24 hours. Concerns intensified as Mt Gox transferred 47,000 Bitcoin, valued at $2.7 billion, potentially increasing selling pressure. Despite expectations of heightened volatility, analysts remain divided on the long-term impact, emphasizing that most creditors are unlikely to flood the market with recovered assets.

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