11/05/2024
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Mt.Gox Sends $2.2 Billion in Bitcoin to Two Wallets
According to Arkham data, Mt. Gox transferred more than 32,000 BTC, worth $2.2 billion at current prices, to unidentified wallet addresses. Extended until October 31, 2025, the ongoing repayment plan includes significant bitcoin transfers that have impacted market volatility.
by Darkex Reseach – 2 min read
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Polymarket Trading Volume Increases One Day Ahead of US Elections
Polymarket’s prediction market for the winner of the 2024 US presidential election reached $3.13 billion on November 4, one day before the election. Republican nominee Donald Trump garnered $1.2 billion in betting volume, while Democratic Vice President Kamala Harris garnered $782.5 million.
by Darkex Reseach – 2 min read
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Bernstein Announces Bitcoin Forecast Based on Trump and Harris’ Victory!
Bernstein analysts claim that victory for both candidates is not priced in. Analysts expect Bitcoin to reach $80,000 to $90,000 after Trump’s win. However, they predict that if Harris wins, BTC will fall as low as $50,000 before recovering in the same period.
by Darkex Reseach – 2 min read
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Singapore Takes New Steps in the Cryptocurrency Sector
The Monetary Authority of Singapore (MAS) has launched a new project aimed at expanding tokenization processes for fixed income assets and foreign exchange. MAS aims to expand tokenization and increase liquidity by providing support to financial institutions. MAS plans to establish a common settlement center for tokenized assets, which is undergoing an extensive testing process with international collaborations.
by Darkex Reseach – 2 min read
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A First in the UK
British pension specialist Cartwright led and brokered the first time a pension fund in the country has invested in Bitcoin. Instead of using an intermediary such as spot Bitcoin ETFs, the unnamed fund invested 3% of its total assets directly in BTC.
by Darkex Reseach – 2 min read
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Spot Bitcoin Exchange Traded Funds in the US
Spot Bitcoin exchange traded funds (ETFs) in the US recorded a significant net outflow of $541 million on Monday, the largest daily negative flow since May 1
by Darkex Reseach – 2 min read
