Odaily News Charles Edward, founder of digital asset hedge fund Capriole Investments, said that Mt. Gox may have begun to repay creditors. He disclosed data showing that a large amount of Bitcoin was moving on the chain, and the movement volume was 10 times more than the previous peak. It seems that the distribution of Mt. Gox is really coming. (Cointelegraph)

Odaily News In the hours before the $9 billion worth of Bitcoin was due to be repaid, multiple Mt.Gox wallets were involved in small transfer tests. According to Arkham Intelligence, the transactions involved three wallets associated with Mt.Gox. The largest transaction was for $24 worth of Bitcoin. When the last large-scale transfer of Mt.Gox funds took place, the funds were mainly consolidated into three wallets. When this happened, a wallet that was once used as an intermediary had $24 left. According to the Arkham tag, in the past few hours, this small amount of Bitcoin was forwarded to a wallet, which then sent the funds to Bitbank's hot wallet. The rest of the Bitcoin was sent to a new wallet. Bitbank is one of the exchanges that supports Mt.Gox payments. These payments will not be paid directly to Bitcoin holders, but rather a trustee will send the funds to five exchanges, namely Kraken, Bitstamp, SBI VC Trade, Bitbank and Bitgo. These exchanges have all stated that once they receive the funds, they will distribute the funds to customers within different periods of up to 90 days. (The Block)

Odaily News Mempool data shows that Mt.Gox transferred more than 47,000 BTC to a new address.

Odaily News According to on-chain analyst @ai_9684xtpa, Mt.Gox transferred 1,544 BTC to the new address 1PKGG...szwzV (worth 84.87 million USD) a few minutes ago. This address is suspected to belong to the exchange Bitbank.

Odaily News Paidun monitoring shows that the Mt.Gox related address transferred 1,200 BTC to a new address starting with 34X3kp.

Odaily News Mt. Gox issued an announcement stating that on July 5, 2024, the bankruptcy trustee had repaid some of the reorganization creditors in the form of Bitcoin (BTC) and Bitcoin Cash (BCH) through some designated cryptocurrency exchanges and other channels in accordance with the reorganization plan. Repayment to other rehabilitation creditors will be made immediately once the following conditions are met: (i) confirmation of the validity of the registered account and other matters; (ii) acceptance of the subscription intention of the Agency Receipt Agreement by designated cryptocurrency exchanges and other channels; (iii) completion of discussions on repayment matters between the rehabilitation trustee and designated cryptocurrency exchanges and other channels; (iv) confirmation that repayment can be carried out safely. Please wait for a while if you meet the conditions.

Odaily News Japanese creditor @VoiceOnFate posted on X that it had received BTC and BCH compensation from Mt.Gox through a designated exchange. The amount of compensation tokens was 13% of the account's holdings that year. It is not certain whether this is the correct ratio. Due to congestion on the Mt.Gox website, it is currently impossible to view more detailed information.

Odaily News The time it takes for Mt. Gox creditors to receive repayments in bitcoin or bitcoin cash varies by custodian. For those using a Kraken account to apply for repayment, it could take up to 90 days. The trustee has previously detailed that the timeline for payments to be visible in creditors’ accounts can vary by exchange. Kraken has 90 days to process payments, while Bitstamp could take up to 60 days; BitGo will see payments within 20 days; and SBI VC Trade and Bitbank will both see payments completed within 14 days. (The Block)

Odaily News According to Arkham data, a wallet address marked as the German Government BKA sold about 6,500 BTC today. It is reported that the encrypted wallet has held nearly 50,000 BTC since February 2024. These funds were seized from the pirated movie website operator Movie2k. It currently still holds 43,359 BTC, worth US$2.83 billion.

Odaily News According to Arkham data, the wallet address marked as the German Government BKA transferred about 800 BTC to the address starting with 139p 15 minutes ago, and transferred 200 BTC to Coinbase. It still holds 46,859 BTC, worth $3.06 billion. It is reported that the crypto wallet has held nearly 50,000 BTC since February 2024. These funds were seized from the pirated movie website operator Movie2k. Earlier yesterday, it was reported that the German government transferred about 6,500 BTC to the address starting with bc1q 4 hours ago, and still holds 43,359 BTC, worth $2.83 billion.

Odaily News According to Arkham monitoring, at 3:38 pm, the wallet address marked as the German government transferred 200 bitcoins to Coinbase and Kraken respectively, with a total value of approximately US$24.34 million.

Odaily News According to Arkham monitoring, a wallet address marked as the German government has just transferred 500 bitcoins to the address 139PoPE1bKQam8QJjhVjYDP47f3VH7ybVu, with a total value of approximately US$30.42 million.

Odaily News Blur posted on X that 18 hours ago, the German government further transferred out 900 BTC ($54.76 million), of which 400 BTC ($24.34 million) were deposited in Coinbase and Kraken. Overall, in the past 7 days, the German government has transferred a net 3,500 BTC ($225 million), mainly to CEX, with an average price of $64,364. Now there are 46,359 BTC ($2.88 billion) left in the address.

Odaily News According to PeckShield monitoring, the address marked as "German Government" transferred out another 750 BTC (worth approximately US$46 million) 20 minutes ago, of which BTC worth approximately US$15.4 million was transferred to Bitstamp and Kraken.

Odaily News According to Arkham monitoring, the German government wallet address transferred a total of 400 BTC, equivalent to approximately US$25.17 million, to Bitstamp, Coinbase and Kraken at 16:25 today.

Odaily News According to Lookonchain, in the past 20 minutes, the German government has transferred another 1,500 Bitcoins ($94.7 million), of which 400 Bitcoins ($25.3 million) were transferred to Bitstamp, Coinbase and Kraken. The German government currently holds 44,692 Bitcoins ($2.82 billion).

Odaily News According to Arkham monitoring, the German government wallet address transferred a total of 282.74 BTC, equivalent to approximately US$17.73 million, to Bitstamp, Coinbase and Kraken at 16:20 today.

Odaily News According to Arkham data, the wallet address marked as "German Government" transferred 361.877 bitcoins to Flow Traders and 138.14 bitcoins to the address starting with 139PoPE1b.

Odaily News According to on-chain analyst Yu Jin's monitoring, the address marked as the German government has transferred 7,828 bitcoins since June 19, worth approximately US$496.33 million, with an average transfer price of US$63,404. The address also holds 43,800 bitcoins, worth approximately US$2.75 billion. Based on the recent transfer frequency, it may take another 2 to 3 months to transfer all of them.

Odaily News According to Paidun’s monitoring, the German government address transferred 1,300 BTC to Coinbase, Kraken, and Bitstamp, equivalent to approximately US$75 million.

Odaily News According to Lookonchain monitoring, the German government transferred another 3,000 BTC (US$174 million) today, of which 1,300 BTC (US$75.5 million) were transferred to Bitstamp, Coinbase and Kraken.

Odaily News German MP Joana Cotar strongly criticized the government's move to sell large amounts of Bitcoin. On-chain data shows that the German government recently transferred more than $195 million worth of Bitcoin to various crypto exchanges, including Coinbase, Kraken and Bitstamp, a move that exacerbated market volatility. Critics believe that such a large-scale government sell-off could have a long-term negative impact on the stability of the crypto market. These Bitcoins originated from an investigation into the illegal website Movie2k.to, when approximately 50,000 Bitcoins were seized. Cotar wrote on X that the German government should reconsider this strategy and discuss with the United States the use of Bitcoin as a strategic reserve currency in comparison. She expressed her concerns to Saxony Governor, President Michael Kretschmer, Finance Minister Christian Lindner and Chancellor Olaf Scholz, urging them to reconsider this strategy and invite officials to attend the "National Bitcoin Strategy" lecture on October 17 to discuss how to use Bitcoin to enhance the national economy. (CryptoSlate)

Odaily News Arkham monitoring shows that a wallet address marked as the "German Government" transferred 500 bitcoins worth approximately $27.07 million to an address starting with 139P 9 minutes ago.

Odaily News Arkham data shows that the US government address currently holds 217,486 BTC (about $13.74 billion) and 53,900 ETH (about $184.25 million). In addition, the address also holds more than 121 million USDT, 750 WBTC (about $47.37 million) and 40,285 BNB (about $23.27 million).

Odaily News According to market news, the US government sent 4,000 bitcoins to Coinbase. It is reported that the relevant address is: bc1qrl0epuu42c7pvzhsrghy7qdkkw5xevazznaprq

Odaily News Casa co-founder Jameson Lopp tracked the U.S. government's bitcoin sales and found that since 2014, the U.S. government has seized and sold at least 195,091 bitcoins, making more than $366 million in profits. According to data site Bitcoin Treasuries, the U.S. government currently owns 213,546 bitcoins, worth more than $13 billion at current market prices, making it one of the world's largest bitcoin holders. Meanwhile, the German government is the world's fourth-largest sovereign bitcoin holder, behind only China and the United Kingdom, holding 46,359 bitcoins.

Odaily News According to Arkham monitoring, at 21:02 today, the US government address transferred 11.84 BTC, about 726,000 US dollars, to the address 3KHnTqDh2LUmzYe8hgSnxY2QHFcNmuuso9, which is suspected to be a small test before a large transfer.

Odaily News According to Arkham monitoring, the US government wallet address transferred about 3,375 ETH, equivalent to about 11.72 million US dollars, to the address starting with 0x5ac4 at 16:34 today.

Odaily News According to Arkham monitoring, the US government wallet address (starting with 349c6) transferred 237 BTC to the address starting with bc1qvc at 17:58 today, equivalent to approximately 13.67 million US dollars.