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Quick Take News of Mt Gox moving to repay creditors has sparked a broad crypto market sell-off. Market makers and investors, however, remain cautiously optimistic about bitcoin’s prospects.
The Grayscale Ethereum Trust (ETHE) discount to net asset value (NAV) has quietly become a premium ahead of an anticipated spot ETF launch.The ETHE premium to NAV hit 0.31% on July 3, according to YCharts data.
Price corrections continued in the wider cryptocurrency market, despite equity indices testing new highs following the release of U.S. non-farm payrolls data.
The commencement of Mt Gox distributions comes as BTC struggles to remain above $54,000 after plunging roughly 5% in the past 24 hours.
- 11:16Executive Director of Trump's Digital Asset Advisory Committee: Need to accumulate quickly before BTC becomes more expensiveOdaily Planet Daily reported that Bo Hines, Executive Director of the Trump Digital Asset Advisory Committee, stated in an interview: "We need to quickly accumulate before Bitcoin becomes more expensive."
- 10:28Analyst: If Bitcoin falls to $82,700, over $500 million in long positions may face liquidation riskAccording to ChainCatcher, crypto analyst Ali Martinez posted on the X platform that if Bitcoin falls to $82,700, approximately $543.84 million in long positions may face liquidation risk.
- 10:27Data: A certain whale has purchased over 4,220 ETH in the past 5 hours, amounting to approximately $6.84 millionAccording to ChainCatcher, on-chain analyst @ai_9684xtpa monitored that in the past 5 hours, a certain whale bought 4,224.5 ETH at an average price of $1,619 during a downtrend, worth $6.84 million. Subsequently, the tokens were transferred to address 0x3F6...B4aF9, which currently holds a total of 14,001 ETH valued at $22.6 million.