ChainCatcher news, according to the official announcement, Binance will delist the following spot trading pairs on August 30 at 03:00 (UTC): ALCX/BTC, BCH/TUSD, CHZ/BRL, ETHFI/BNB, OMNI/BRL.

ChainCatcher news, BNBChain is pleased to announce that Lingwei has become the new Director of Ecosystem Development. Lingwei has extensive experience, is a member of the Chinese Writers Association, and is the author of bestsellers such as "Every Day Dream Practice," which has been widely sold both domestically and internationally; in 2019, Lingwei was recognized as a Forbes 30 Under 30 elite as a leading travel blogger; additionally, Lingwei served as a commentator and on-site reporter for Tencent NBA from 2010 to 2016. She has millions of fans across the internet.Lingwei holds degrees in Accounting and Psychology from the University of Washington, and her career began in traditional finance, where she worked as an auditor at PwC, a marketing manager in asset management, and a marketing director in investment research.After entering the Web3 space, Lingwei has taken on multiple roles in venture capital and the development of Web3 wallet businesses, and is currently in a leadership position at BNBChain.Lingwei is committed to building a closer developer community within BNBChain, ensuring that every developer's ideas are heard, and helping BNBChain navigate towards the new world of Web3. Gala believes that the blockchain industry, much like the great maritime discoveries 500 years ago, will create a whole new world through disruptive financial innovation and human connection. Developers are the creators of this new world.Lingwei's career journey demonstrates her adaptability and vision, which will help connect BNBChain's business needs with humanistic care.

ChainCatcher news, Mt.Gox announced that following the repayments on July 5, 16, and 24, 2024, on July 31, the trustee made repayments to some creditors in the form of BTC and BCH through partially designated cryptocurrency trading platforms according to the compensation plan. So far, repayments have been completed for over 17,000 creditors.

ChainCatcher news, the cryptocurrency exchange platform Bitstamp officially stated, "After completing the security checks, the assets held in trust by Bitstamp allocated to the Mt. Gox creditors are now fully available."

ChainCatcher news, Mt. Gox's official document states that following July 5 and July 16, on July 24, the bankruptcy trustee has repaid some creditors in Bitcoin and Bitcoin Cash through partially designated cryptocurrency exchanges according to the reorganization plan.As of now, over 17,000 creditors have received payments in Bitcoin and Bitcoin Cash. Regarding repayments to other creditors, the official will verify the validity of the registered accounts of the creditors and confirm the designated cryptocurrency exchanges, and creditors will need to wait for a while.

ChainCatcher news, according to The Block Pro, Bitstamp will start distributing BTC and BCH to Mt.Gox creditors on July 25.

ChainCatcher news, Kraken CEO Dave Ripley stated on X that Kraken has successfully returned the Bitcoin and Bitcoin Cash received from Mt.Gox to the Mt.Gox creditors. It has been nearly a decade since the trustee chose Kraken to facilitate the investigation and return of customer funds.

ChainCatcher news, cryptocurrency exchange platform Kraken's CEO Dave Ripley stated on social media, "Kraken has successfully distributed BTC and BCH from the Mt. Gox assets to creditors."

ChainCatcher news, Mt. Gox trustee Nobuaki Kobayashi issued a notice stating that after July 5, 2024, on July 16, 2024, the Mt. Gox trustee repaid Bitcoin and Bitcoin Cash to some creditors through certain designated cryptocurrency exchanges as planned. As of now, the trustee has repaid Bitcoin and Bitcoin Cash to over 13,000 rehabilitated creditors.Once the following conditions are met, repayments will be made to other creditors immediately:(i) Confirmation of the validity of registered accounts and other matters;(ii) Intention of designated cryptocurrency exchanges to accept subscription agency receipt agreements;(iii) Discussions between the trustee and designated cryptocurrency exchanges regarding repayments;(iv) Confirmation that repayments can be made safely and reliably. We ask eligible creditors to wait for a while.

ChainCatcher news, Singapore trading firm Presto Labs advises clients to bet on BTC strengthening and short BCH to profit from the ongoing Mt. Gox repayments. Last week, the defunct exchange Mt. Gox began repaying creditors affected by the 2014 hacking incident, with hundreds of millions of dollars' worth of Bitcoin expected to flow into the market over the coming months, and BCH worth over $73 million will be distributed to traders, with a total value of about $9 billion in BTC.Presto analyst Peter Chung stated that analysis shows the selling pressure on BCH will be four times that of BTC, with BCH's daily trading volume at 24% and BTC's at 6%. Unless there is a risk of financing rate, going long on BTC perpetual contracts while shorting BCH perpetual contracts is the most effective market-neutral way to express this view.

ChainCatcher news, according to CoinDesk, based on TradingView data, Bitcoin Cash (BCH) fell 20% last week, marking its largest drop since April. This sell-off comes as the defunct exchange Mt. Gox announced it would begin repaying creditors for tokens worth approximately $9 billion that were stolen in a 2014 hack, including $73 million worth of BCH, which accounts for 20% of the token's daily trading volume.Kaiko stated that due to the expectation that Mt. Gox creditors might liquidate on a large scale, BCH holders are panic selling, and the poor liquidity on centralized exchanges (i.e., shallow order books) exacerbates this panic. In a market with low liquidity, traders find it difficult to execute large orders at stable prices, and a large buy or sell order can disproportionately impact asset prices, leading to volatility spikes.In a newsletter released on Monday, Kaiko said: "From the price slippage of simulating a $100,000 sell order for BCH, the price slippage on most exchanges has reached its highest level in over a month, indicating that liquidity is deteriorating due to insufficient order book depth for large market orders." Slippage refers to the difference between the expected price of a trade and the actual price at which the trade is executed, and a surge in slippage indicates poor market liquidity and/or high volatility. According to Kaiko, on July 5, the day Mt. Gox announced refunds, the slippage on the BCH market on Bybit rose from 0.2% to 2.8%, while on Itbit, it increased from 0.3% to 3.5%. Kaiko noted that the poor liquidity "aligns with the strong selling pressure related to the Mt. Gox repayment event, with the highest slippage increases on Itbit and Bybit." Arca's Chief Investment Officer Jeff Dorman stated that market makers have completely disappeared, similar to the situation in the credit markets of 2009-2010.

ChainCatcher message, multiple MT.GOX creditors located in Japan have stated that they have received BTC/BCH repayments from MT.GOX, and the funds have entered their exchange accounts at Bitbank or Kraken, with BCH in the Bitbank account showing as BCC. Additionally, some have reported that they have received cash payments sent via international wire transfer.

ChainCatcher message, according to relevant documents, Mt. Gox stated that on July 5, 2024, the bankruptcy trustee has repaid Bitcoin and Bitcoin Cash to some creditors through partially designated cryptocurrency exchanges as per the reorganization plan.Repayment to other creditors will be expedited once the following conditions are met:(1) Confirmation of the validity of registered accounts and other matters;(2) Intention of the designated cryptocurrency exchange to accept the agency receiving agreement;(3) Discussions on repayment completed between the bankruptcy trustee and the designated cryptocurrency exchange;(4) Confirmation that the repayment can be conducted safely. Mt. Gox requests eligible creditors to be patient.

ChainCatcher news, according to Bitcoin.com, with the introduction of the new miner Phoenix, the BCH hash rate has increased nearly threefold. Phoenix processed 88% of the block mining on June 3, pushing the BCH network hash rate above 10 EH/s, setting a new historical high.The Bitcoin Cash Podcast suggests that this may be due to miners intending to acquire BCH before a potential surge in the exchange from BTC to BCH (for example, the upcoming Mt. Gox).Another perspective is that this could be preparation for an attack on the chain: a large influx of hash rate appearing on profitability is unusual—prices typically lead hash. Generally, an increase in hash rate indicates an attack > a decrease in hash rate, so allowing time for the BCH DAA can mitigate this situation. The sudden influx of hash rate may affect other miners, who will have to reallocate to BTC to maintain profitability, or the BCH price must rise. The Bitcoin Cash Podcast emphasizes, "At some point, the price will have to start rising to reflect the increased confidence in the hash rate."

ChainCatcher news, according to CoinDesk, Presto Labs research director Peter Chung wrote in a report that concerns about selling pressure from the Mt. Gox bankruptcy redemption leading to a drop in Bitcoin prices are unfounded, but this could be a bearish situation for Bitcoin Cash (BCH).The report stated: "Our analysis shows that the selling pressure for BCH will be four times greater than that for BTC: 24% of BCH's daily trading volume vs. 6% of BTC's daily trading volume." He pointed out that BCH's daily trading volume is one-fiftieth of BTC's.In an interview, Chung stated that BTC selling is expected to be limited, as anyone wanting to exit can sell their claims in the bankruptcy claims market. Over the past decade, due to aggressive bidding from the claims fund, vulnerable creditors have had many opportunities to exit, so it can be safely assumed that the current group of creditors consists of strong bulls holding BTC. Traders will view BCH as an "airdrop" and sell it immediately, as the BCH fork occurred three years after the Mt. Gox bankruptcy. Unless there is a funding rate risk, pairing long BTC perpetual contracts with short BCH perpetual contracts is the most effective market-neutral way to express this view. Those looking to lock in funding rates can explore other methods, such as shorting short-term futures or borrowing BCH in the spot market.

ChainCatcher news, according to Cointelegraph, regarding Mt.Gox's plan to repay $8.5 billion worth of Bitcoin, IG Markets analyst Tony Sycamore stated that the repayment to creditors next month may not have as significant an impact on Bitcoin prices as many expect, but it will pose troubles for BCH. Currently, it is estimated that about half of the Bitcoin (worth approximately $4.5 billion) may start entering the market in July, but Sycamore believes that a large part of the so-called Mt.Gox selling pressure has already been reflected in the current market conditions, after all, "the repayments have been ongoing for a long time."Previously, the repayments occurred against a backdrop of deteriorating market sentiment, technical sell-offs, and outflows from Bitcoin ETFs, and now, most of the speculative "hot money" in the cryptocurrency space has left to chase giant stocks like Nvidia and Apple in the stock market. Additionally, when discussing Bitcoin's price trends, Sycamore stated that he does not believe the current sell-off will lead to further declines, and the strong support of the 200-day moving average is one reason to remain optimistic in the coming weeks.Galaxy Digital's research director Alex Thorn previously estimated that out of a total of 141,000 Bitcoins, only 65,000 could truly enter the market, which significantly reduces the expected selling activity.