According to Odaily, Off the Chain Capital CEO, Brian Dixon, has indicated that the current repayment phase for Mt.Gox creditors could extend until October. Despite many creditors yet to receive their allocated funds, the wait for distribution continues. Dixon revealed that he has not heard of anyone who has actually received a Gox claim. The situation has left many creditors in a state of uncertainty, as they are unsure when they will receive their repayments. The delay in the distribution of funds has raised concerns among the creditors, who are eagerly waiting for their claims. The CEO's statement has shed light on the ongoing issue, highlighting the need for a more efficient repayment process. As the situation continues to unfold, creditors are hoping for a swift resolution to their claims.

According to Odaily, Pantera Capital Management LP announced in a statement in May that Telegram is the only major platform that can incorporate Web3 into an open blockchain network without regulatory restrictions. This statement marked the company's largest investment in history, purchasing TON tokens. However, the scale of the transaction was not disclosed by Pantera. Pantera's portfolio manager, Cosmo Jiang, stated that although the early appeal of blockchain was mainly focused on gaming and decentralized finance, 'we will see more use cases about payments and remittances in the future.' According to data from TonStat, the number of daily active users of TON recently exceeded 350,000.

On Jul 06, 2024, 16:48 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 58,000 USDT benchmark and is now trading at 58,031.480469 USDT, with a narrowed 2.67% increase in 24 hours.

According to BlockBeats, the Solana meme coin platform, pump.fun, has achieved a cumulative revenue of $55.46 million as of July 6th. The data was provided by DefiLlama, a reliable source for decentralized finance (DeFi) market data. The Solana blockchain has been gaining traction in the cryptocurrency market due to its high-speed and low-cost transactions, making it an attractive platform for DeFi projects. The success of pump.fun is a testament to the growing popularity and acceptance of meme coins in the crypto market. However, investors are advised to exercise caution and conduct thorough research before investing in any cryptocurrency, including meme coins.

On Jul 06, 2024, 15:46 PM(UTC). According to Binance Market Data, BNB has crossed the 520 USDT benchmark and is now trading at 520.200012 USDT, with a narrowed 5.07% increase in 24 hours.

According to BlockBeats, on July 6th, AXL, a popular cryptocurrency, saw a short-term increase in its value, reaching above $0.61. The current price stands at $0.606, marking a significant 24-hour increase of 23.78%. This surge in AXL's value is a notable event in the cryptocurrency market, which is known for its volatility. The 23.78% increase in a 24-hour period is a substantial rise, reflecting the dynamic nature of the market. It's important to note that while this short-term rise is significant, the cryptocurrency market is inherently unpredictable, and prices can fluctuate widely in a short period. Investors and traders are advised to keep a close eye on market trends and make informed decisions.

According to BlockBeats, Meow, the co-founder of Jupiter, has announced a significant experiment in community consensus, known as the J4J plan, on social media on July 6. The J4J plan draft, previously reported by BlockBeats, includes several key proposals. The first proposal is to reduce the total supply of JUP by 30%. The second proposal is that the team will voluntarily cut their allocation by 30%. The third proposal is to correspondingly reduce the emission of Jupuary by 30%. These proposals represent a significant shift in Jupiter's strategy and could have far-reaching implications for the future of the platform. The reduction in the total supply of JUP and the team's allocation could potentially increase the value of the remaining JUP tokens. The reduction in Jupuary emissions could also have a significant impact on the platform's environmental footprint. The J4J plan is a major experiment in community consensus, and it will be interesting to see how the Jupiter community responds to these proposals. The success or failure of this plan could provide valuable insights into the effectiveness of community consensus in shaping the future of blockchain platforms.

According to U.Today, Tezos (XTZ), a Layer-1 proof-of-stake (PoS) blockchain, is making strides in reviving its ecosystem. The protocol recently reported a significant increase in its gaming ecosystem, with a 558% rise in active gamers. This data, confirmed by analytical platform Messari, is a significant achievement given the protocol's ongoing efforts to establish itself in key growth areas. The gaming revolution on Tezos is being driven by several protocols, including CoinBlast. CoinBlast's Trivia Cash game has consistently attracted thousands of monthly active users and is featured among DAppRadar’s top 50 gaming protocols. This recognition underscores the growing popularity of the Tezos gaming ecosystem. In the first quarter, the actual number of gamers recorded was 97,000, a figure that represents the 558% increase. This growth is attributed to the innovative approaches adopted by major players on Tezos. For instance, Tezos game developer Dragon Ninja has introduced an AI-driven roguelike game. The integration of AI-based games is a novel concept in the Play-2-Earn (P2E) gaming world, positioning Tezos for a niche market. However, Tezos has faced challenges in matching up with counterparts in the Ethereum and Solana ecosystems. Despite these hurdles, Tezos' growth this year has been significant, although overshadowed by network glitches. Nomadic Labs recently advised Tezos node operators to upgrade their systems to rectify a critical bug. System hacks are a major obstacle to growth for most protocols. While Tezos has experienced its share of hack alerts, it has not reported a major hack recently.

According to U.Today, Lucie, the social media marketing lead for Shiba Inu, has issued a response to critics of the Shibarium trifecta - SHIB, BONE, and LEASH. In a tweet, she addressed those spreading fear, uncertainty, and doubt (FUD) about these coins, reminding them that all three were among the top 500 coins in the past week. Lucie, who has chosen not to disclose her last name for privacy reasons, urged critics to 'keep your nonsense to yourself' and expressed her belief in SHIB's significant market potential. In other news, the elusive leader of the SHIB team, known by the pseudonym Shytoshi Kusama, made his first public appearance after years of avoiding the spotlight. He announced his participation in the annual start-up and Web3 conference, IVS2024, in Kyoto, Japan, via a tweet. Videos have since surfaced on the X platform showing a man dressed in black, wearing two masks, gloves, and a hood, interacting with IVS2024 attendees at the SHIB booth. Despite the public appearance, the true identity of the man, believed to be Shytoshi Kusama, remains unverified, allowing him to maintain his pseudonymity. In related developments, the Shibburn wallet tracker reported a 467% increase in the weekly burn rate of Shiba Inu over the past seven days, compared to the previous week. A total of 364,946,660 SHIB meme coins were transferred to dead-end wallets. However, the daily burn rate saw a 30% decrease, with only 7,931,855 SHIB coins burned.

According to U.Today, the recent crash in the cryptocurrency market, triggered by the commencement of Mt. Gox compensation payouts, has seen meme coins demonstrating resilience. Among the top three performing cryptocurrencies in the top 100, two are meme coins. In the past 24 hours, despite the significant downturn in the cryptocurrency market, Bonk (BONK), a leading multi-chain meme coin, has managed to increase by over 7.5%. The capitalization of BONK is nearing the significant $1.5 billion mark, according to data from CoinGecko. Meanwhile, Dogwifhat (WIF), the most popular meme coin on Solana (SOL), has also seen positive performance. With a 3.2% increase, its capitalization remains above $1.8 billion. As a result, Dogwifhat (WIF) has emerged as the best performing crypto asset in the top 50. In the top 100, MultiversX (formerly Elrond, EGLD) is the clear leader, with a 10% gain. However, the overall capitalization of the cryptocurrency market has decreased by 3.8%. The meme coins segment has lost 11.4% of its value in 24 hours. The largest crypto assets have also seen a decline: Bitcoin (BTC) lost 2.8%, while the Ethereum (ETH) price dropped by nearly 5% overnight. This downturn is largely attributed to the news about compensations to the victims of the 2014 Mt. Gox exchange collapse. The released BTC and BCH allocations are expected to create selling pressure on crypto. In the last 24 hours, Bitcoin (BTC) traders have lost $578 million due to liquidations, as per CoinGlass data. Of this amount, $446 million were long positions.

According to U.Today, Shiba Inu (SHIB), a cryptocurrency inspired by the dog breed, has seen a significant 24-hour surge of 15%, sparking interest in the crypto market. After reaching a low of $0.0000127 in Friday's trading session, SHIB experienced a sharp rebound, reversing the previous negative trend. As of the time of reporting, SHIB was up 15.27% in the last 24 hours to $0.00001538. The overall sentiment in the cryptocurrency market has improved, contributing to the positive movement of various digital assets, including SHIB. Large holders, often known as 'whales,' have shown increased activity, resulting in a 197% inflow surge for SHIB, as per data from IntoTheBlock, which has helped drive up its price. The Shiba Inu community remains highly active and engaged, continuously supporting the token. Shytoshi Kusama, the pseudonymous Shiba Inu project lead, made his first public appearance at the IVS conference in Kyoto. Kusama, who did not reveal his identity, wore a black haori samurai costume and a Batman-style mask. His appearance and the enthusiasm of the Shiba Inu community may have spurred renewed interest in SHIB. As Shiba Inu rebounds, the market is closely monitoring SHIB charts for key levels that might indicate the next price movement. However, for SHIB to maintain its upward trajectory, the broader cryptocurrency market needs to continue its positive momentum. A stable or bullish market environment will be crucial for SHIB's sustained growth. If the SHIB price maintains its current rebound, it will face its next significant hurdle between $0.000015 and $0.000019, where 433.96 trillion SHIB are held by 83,560 addresses, according to IntoTheBlock data. If SHIB prices fall, the $0.000014 level is being watched as intermediate support.

According to U.Today, a Bitcoin wallet that had been dormant for over a decade was reactivated by its anonymous owner. The last time the owner used this wallet was 10.6 years ago. The value of Bitcoin in the wallet has since increased by nearly 8,000%, making the owner a millionaire. This is the fourth dormant Bitcoin wallet to be reactivated in the past week. The wallet, which contains 1,004 BTC, was noticed by Whale Alert transaction tracker and on-chain analytics platform Spot On Chain. The wallet had purchased these coins in 2013 and 2014 at an average price of $731. At that time, the cryptocurrency was worth $737,000. However, it has since experienced a 7,634% price increase and is now valued at a staggering $56,924,352. Chinese cryptocurrency journalist and blogger Colin Wu reported that the owner of this dormant wallet has transferred all his cryptocurrency to a new wallet. Earlier this week, three other dormant wallets were reactivated, holding significant amounts of Bitcoin — $1.14 million, $2.6 million, and $6.9 million in Bitcoin equivalent. In other news, Bitcoin has managed to recover after falling slightly under the $54,000 level on Friday. Over the past 24 hours, the global leading cryptocurrency has seen a 4.56% increase and is currently trading in the $56,500 zone. This price increase occurred despite the U.S. and German governments continuing to sell large amounts of Bitcoin on the market. They have now been joined by Mt. Gox, a crypto exchange that has been non-functional for the past 10 years, which has started paying the Bitcoin and Bitcoin Cash it owns to its investors and traders. However, a positive non-farm payroll report for June was released on Friday, showing a rise in employment, which allowed Bitcoin to regain some of its recent losses.

According to U.Today, Shytoshi Kusama, the lead developer of SHIB, recently made a public appearance at a major Web3 event in Kyoto, Japan. This appearance has stirred excitement within the SHIB community. Kusama, who uses a pseudonym for social media posts, arrived at the event with two bodyguards and a local translator. He was dressed in black, with two masks and a hood to hide his identity, and even had a katana behind his back. The SHIB community filled the social media platform with photos and videos of Kusama at the SHIB booth during the annual IVS 2024 conference in Kyoto. Kusama expressed his gratitude to the organizers of IVS 2024 and the SHIB fans who came to meet him at the conference. He also announced that his next destination is Mumbai. Although he did not mention any plans for a 'meet and greet' in Mumbai, the community is hopeful and has extended invitations for him to visit other locations such as Dubai, California, and Delhi. In other news, the SHIB price has seen a significant rebound of 19% over the last 24 hours. The second-largest meme cryptocurrency soared from $0.00001297 to $0.00001546. This rise in SHIB's price followed Bitcoin's rebound of 4.73%, which surged from slightly below $54,000 to the $56,590 zone. The surge in Bitcoin's price occurred after the release of the non-farm payrolls report, which was more positive than initially expected.

According to U.Today, Dogecoin (DOGE), a popular meme-themed cryptocurrency, is showing signs of recovery despite the recent downturn in the broader crypto market. The digital asset market has been under significant selling pressure recently, leading many investors to seek safer investment options. This has resulted in a number of traders and whales liquidating their holdings to secure any remaining profits. On Thursday, data from CoinGlass revealed that Dogecoin was leading the meme coin liquidation, with more than $4 million liquidated in 24 hours. This brought the total number of liquidated DOGE to 41,554,054 units. Despite this, the figure was still small compared to Bitcoin's (BTC) $90.06 million liquidation during the same period. The liquidation also resulted in a 7.89% price drop for Dogecoin, reducing its value to $0.1121 in 24 hours. However, Dogecoin has seen a significant surge in market value in the last 24 hours, registering a 15% increase and currently trading at $0.1082. While this increase has not fully covered its recent losses, it indicates that the cryptocurrency is gaining validation from its large buyers, who are confident in its ability to rebound soon. This recovery could potentially expedite Dogecoin's next major milestone of reaching 100 million addresses, having recently surpassed 90 million. U.Today previously reported that Dogecoin has identified a critical demand wall that could provide support for the cryptocurrency. The demand zone was established in the price range between $0.081 and $0.099, with approximately 11.36 billion DOGE acquired by 1.14 million addresses within this range. Another significant price range was identified between $0.07 and $0.081, with about 23.72 billion DOGE held by 1.16 million addresses. The recent price rally could potentially attract more investors to the Dogecoin ecosystem in the coming days, potentially leading to further rebounds.

According to U.Today, Dogwifhat (WIF), the largest Solana-based meme coin, is leading the current cryptocurrency surge. The WIF price has risen by over 27%, outpacing its closest competitor EGLD, which only increased by 17%. Smaller Solana meme coins are also showing impressive gains. As the cryptocurrency sector recovers from yesterday's significant drop, meme coins are once again at the forefront. Dogwifhat's (WIF) price has exceeded the critical $2 level and is on the brink of surpassing Arbitrum (ARB) in terms of market cap following a 27% run, according to CoinGecko. At the time of writing, the combined WIF market cap reached $2.018 billion, while Arbitrum (ARB), which is also on the rise today, stands at $2.039 billion. Other major meme coins are performing similarly. Shiba Inu (SHIB) has increased by 14% and has returned to the top 15 cryptocurrencies by market cap. Bonk (BONK) and Based Brett (BRETT) have also entered the top 10 fastest-growing cryptocurrencies with respective increases of 13% and 11%. The total crypto market cap has risen by 6% today, while Bitcoin (BTC) and Ethereum (ETH) have both added about 3% to their capitalization metrics. The ongoing price recovery is proving challenging for those attempting to short the crypto market. Of the $184 million liquidations in the last 24 hours, over 75% are short positions, according to CoinGlass data. In terms of segments, Solana meme coins have been the best performers in the last day. This success can be attributed to the impressive dynamics of low-cap coins. For example, Popcat (POPCAT) has risen by 27% and has replaced Cat in Dogs World (MEW) as the largest Solana cat coin. Lesser-known meme coin Billy (BILLY) is on the verge of entering the top 250 cryptocurrencies by market cap after a remarkable 70% move. In total, the Solana meme coin segment has increased by 11% overnight.

According to Odaily, blockchain data analysis platform Arkham has announced the creation of a dashboard that displays the governments with the most markings on Arkham, including the United States, the United Kingdom, Germany, and El Salvador. For each country, users can view the current Bitcoin holdings, historical balance charts, and real-time information about recent transactions. The new feature provides a comprehensive view of the Bitcoin holdings of these governments, offering insights into their cryptocurrency strategies. The real-time information about recent transactions allows users to keep track of the latest developments in the Bitcoin market. This development by Arkham is a significant step towards increasing transparency in the cryptocurrency market. It provides valuable data for investors, analysts, and enthusiasts who are interested in understanding the Bitcoin strategies of different governments. The dashboard is expected to be a useful tool for those who want to stay updated on the latest trends in the cryptocurrency market.

According to Odaily, Ethereum's co-founder, Vitalik Buterin, has expressed his preference for the term 'inruned' as a substitute for 'encrypted'. He believes that this term gives encryption a cool appeal. Buterin, who is known for his innovative ideas in the field of blockchain and cryptocurrency, has once again sparked a conversation with his unique perspective on encryption terminology. His preference for 'inruned' over 'encrypted' is seen as a fresh take on the traditional language used in the tech industry. This comes as no surprise, given Buterin's reputation for challenging conventional norms and pushing boundaries in the digital world. However, it remains to be seen how this new term will be received by the broader tech community and whether it will gain widespread acceptance. This is not the first time Buterin has made headlines for his unconventional ideas. The Ethereum co-founder is known for his forward-thinking approach and has been instrumental in shaping the future of blockchain technology. His latest statement on encryption terminology further underscores his commitment to innovation and his desire to keep pushing the envelope in the tech industry.

On Jul 06, 2024, 13:50 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 57,000 USDT benchmark and is now trading at 57,231.101563 USDT, with a narrowed 3.09% increase in 24 hours.

According to Odaily, Sun Yuchen has announced on platform X that his team is developing a new solution to enable gas-free stablecoin transfers. This means that no gas tokens are required for transfers, with the costs being entirely borne by the stablecoin itself. This innovation will first be implemented on the Tron blockchain, and will subsequently support Ethereum and all public chains compatible with EVM. The service is expected to be launched in the fourth quarter of this year.

According to Odaily, the Sui ecosystem lending protocol, NAVI Protocol, has announced the launch of NAVI Pro. The new product will be gradually made available to users of different levels and whitelisted users. The first batch of diamond, platinum, and whitelisted users will have access to the service from July 10th. The public beta testing is scheduled to open on July 31st. The move is part of NAVI Protocol's efforts to expand its services and reach a broader user base. The gradual rollout is designed to ensure a smooth transition and provide users with ample time to familiarize themselves with the new product. The company has not yet disclosed further details about the features of NAVI Pro or its long-term plans for the product.