NiftyNoon: Market Dips as Mt. Gox Liquidation Fears Intensify

With fears of mass liquidations from Mt. Gox creditors looming, many market participants have begun selling out of crypto positions due to fear of collapsing prices (July 5, 2024)

Highlighted News:

• Mt Gox moves 47,228 BTC ($2.71 billion dollars) from cold storage to a new wallet:

  

  https://x.com/ArkhamIntel/status/1809023951932162227

• Bitcoin Broke below its 4 month range:

  

  https://x.com/DaanCrypto/status/1808954433281347939

• blip 2 has already been approved by the progress council and based on community feedback points will be granted to blast holders retroactively since time of tge:

  

  https://x.com/PacmanBlur/status/1808584102456799485

• @MattsCryptoX shares in-depth @blast AMA Recap:

  

  https://x.com/MattsCryptoX/status/1808561642265047226

Project and Community News:

• Bitcoin miners are showing signs of capitulation, an event that is typically tied to a market bottom: https://x.com/CoinDesk/status/1808681043047616833

• The morning after the Blast Phase 2 announcement, BLAST is trading at $0.0186 ($1.87B FDV), down 12% on the day: https://x.com/Tyler_Did_It/status/1808468966769123411

• Blast has rebranded on X to just “blast”: https://x.com/Tyler_Did_It/status/1808531604387573817

• @qiibeefdn's $QBX Quest Onboards 100k+ Users in Less Than a Week: https://x.com/qiibeefdn/status/1808553794499924164

• @floor teamed up with @PeepoBase to giveaway $10,000 to Floor Wallet users: https://x.com/floor/status/1808592843285430660

• Pudgy Penguins are coming back to San Diego Comic-Con 2024: https://x.com/pudgypenguins/status/1808599483867148582

• The Cracked Caves have reopened, and Cave Quests are now live: https://x.com/wolfdotgame/status/1808579147889062288

• Fantasy Season 1 Kick-Off: https://x.com/fantasy_top_/status/1808654190580801710

• Cool Cats releases controversial statement surrounding recent layoffs writing from the perspective of the Blue main character: https://x.com/coolcats/status/1807821505742659922?s=46

• Pixelverse is welcoming the leading @solana Cat Memecoin @MewsWorld to his Multiverse: https://x.com/pixelverse_xyz/status/1808521659579830513

• @JupiterExchange introducing safer, smoother, and cheaper way to ape into memecoins: https://x.com/JupiterExchange/status/1808490410085687775

• UAE Real Estate Giant MAG Partners with MANTRA to Tokenize $500 Million in Real Estate Assets: https://x.com/MANTRA_Chain/status/1808404434877403196

• @opencampus_xyz announce that they received a grant from the Arbitrum Foundation to launch EDU Chain: https://x.com/opencampus_xyz/status/1808502052022005871

• $FRIEND will not be moving to another chain: https://x.com/friendtech/status/1808610229070016818?s=46

• The wait is nearly over for Portal: https://x.com/Portalcoin/status/1808603517147570545

• $WELL is now LIVE: https://x.com/well3official/status/1808481243136487758?s=46

• Damn, Keungz from @yogapetz took the nuclear option and went full scammer mode on his community with the $WELL TGE: https://x.com/graildoteth/status/1808539527872446938?s=46

• @zachxbt investigates $WELL TGE scam: https://x.com/zachxbt/status/1808747207254028372?s=46

Quick Stats:

• 👾 Blur ETH Daily Volume: 957 ETH (▼ 29.76%)

• 🌊 OpenSea ETH Daily Volume: 265 ETH (▼ 3.06%)

• 🟠 BTC : $54,341.66 (▼ 5.28%)

• 🔷 ETH: $2,862.49 (▼ 9.23%)

• 🟣 Solana: $124.71 (▼ 7.02%)

• 🟪 Polygon: $0.44 (▼ 14.62%)

Top NFT Sales:

• CryptoPunks #1214: 26.25 ETH

• Bitcoin Shrooms #31: 1.05 BTC

• Bitcoin Shrooms #172: 1.04 BTC

NFT Daily Winners:

• 💼 Ordinal Maxi Biz: 0.20 BTC (▲ 2.40%)

NFT Daily Losers:

• 🦧 Bored Ape Yacht Club: 9.25 ETH (▼ 0.54%)

• 🏳‍🌈 Chromie Squiggles: 3.75 ETH (▼ 1.06%)

• 👩🏻 Milady Maker: 5.12 ETH (▼ 1.25%)

• 👾 Tensorians: 12.24 SOL (▼ 1.93%)

• 🚬 CryptoPunks: 27.99 ETH (▼ 2.10%)

• ⛩ Azuki: 3.62 ETH (▼ 2.16%)

• 😡 Mad Lads: 73.85 SOL (▼ 2.70%)

• 🐱 Quantum Cats: 0.24 BTC (▼ 3.67%)

• 🏴‍☠ Captainz: 2.65 ETH (▼ 6.96%)

• 🍭 Mocaverse: 3.20 ETH (▼ 8.31%)

• 🐧 Pudgy Penguins: 9.99 ETH (▼ 10.00%)

• 🧦 Bitcoin Puppets: 0.11 BTC (▼ 13.25%)

• 🐵 NodeMonkes: 0.15 BTC (▼ 14.18%)

Notes:

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