? Mt. Gox moves $2.7B in Bitcoin to new wallet address
The collapsed Japanese crypto exchange Mt. Gox has transferred 47,229 Bitcoin (BTC) — worth $2.71 billion at current prices — to a new wallet address in its first major transaction since May. According to blockchain analytics platform Arkham Intelligence, the exchange transferred the Bitcoin at 12:30 am UTC on July 5 out from “cold storage."

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? Trump could be considering Bitcoin as a reserve asset to join the ‘SoftWar’ road to $1 million
Jason Lowery, the author of “SoftWar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin,” revealed at the start of June that members of Donald Trump’s campaign administration have contacted him regarding his expertise on Bitcoin. In his communications, Lowery stressed the importance of Bitcoin for national security and its strategic significance for the US military, particularly in defending and securing cyberspace.

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? Europe’s largest Bitcoin miner Northern Data to launch IPO in the US
Europe’s largest Bitcoin miner, Northern Data AG, has announced plans for a substantial initial public offering (IPO) in the US at a valuation between $10 billion and $16 billion. The IPO, which will be held on the Nasdaq stock exchange, is scheduled for the first half of 2025 and may also include selling a minority stake to investors prior to the public listing.

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? Coinbase partners with payments firm StripeThe crypto exchange giant Coinbase and payment firm Stripe have penned a partnership. Stripe will incorporate Coinbase's Layer 2 network Base into its crypto payout products, and Coinbase will add Stripe as a way for its customers to buy crypto with credit cards or Apple Pay inside the Coinbase Wallet, according to a Coinbase release published Thursday.

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? TRON Founder Justin Sun Wins Landmark Case in the People's Court of Chinawelcomes an unprecedented victory by its founder Justin Sun in the People’s Court of China over a landmark defamation suit filed against the Chongqing Business Media Group (“the Media”). Per court order, the Media has removed all of its false contents and issued a formal statement of apology to Sun, who has long been a target of media misrepresentations.

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? Bitcoin Miner Marathon Mined $15M Worth Kaspa Tokens to Diversify RevenueBitcoin (BTC) miner Marathon Digital (MARA) is now a multi-coin crypto miner, after it started mining layer 1 protocol Kaspa (KAS) to diversify its mining revenue. Kaspa uses a proof-of-work (PoW) consensus mechanism called GHOSTDAG protocol, and unlike bitcoin, it allows multiple blocks to be produced simultaneously. This process helps make transactions faster and provides more block rewards for miners, according to a statement from Marathon.

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? Argentine leader Javier Milei promotes Bitcoin in currency reform planArgentina President Javier Milei has reiterated his support for Bitcoin as a tool to revitalize the national economy. In a June 19 statement on X, Milei announced that Argentina would allow the competition of various currencies, including digital assets like Bitcoin. Meanwhile, Milei’s stance aligns with his advocacy history for the crypto industry. During his campaign, he criticized central banks, calling them a “scam,” and promoted using cryptocurrencies to return financial power to the private sector.

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? Bitcoin Whales Sold Over $1B BTC in Past Two Weeks: CryptoQuantLong-term bitcoin holders and miners were among the biggest sellers of the asset in the past two weeks and show few signs of renewed demand, on-chain analysis firm CryptoQuant said in a Wednesday report shared with CoinDesk. Wallets tracked by CryptoQuant show whales – a colloquial term for large holders of any token – sold over $1.2 billion worth of BTC in the past two weeks, likely using brokers instead of on the open market.

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? Hedge funds betting on SEC greenlighting spot Ethereum ETFs – VanEckVanEck head of digital assets research Matthew Sigel believes financial institutions are gearing up for the imminent launch of spot Ethereum (ETH) exchange-traded funds (ETFs) in the US despite the funds pending regulatory approval. He added that data from K33 Research indicates a significant rise in inflows to Ether exchange-traded products (ETPs) outside the US markets, which suggests that large investors are preparing for the regulatory green light for the spot Ethereum ETFs.

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? May crypto investments hit $1B driven by Notcoin launch — KuCoinKuCoin’s research arm published a report highlighting that the crypto space saw over $1 billion in investments in May, a slight decrease compared to the previous month. On June 13, KuCoin Research said that 156 investments were publicly disclosed in May. In addition, the crypto exchange’s research arm reported that $1.02 billion in investment capital flowed into the space.

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