BeingInvested Daily: Bitcoin Whales, Million-Dollar Memecoin Moves & Mt. Gox Stirs Again

GM Chads,

Bitcoin gave us all a bit of a shock yesterday. After climbing close to an all-time high of $73.7K, it suddenly dropped back down to $69K, reminding us all of crypto’s unpredictability.

In today’s updates, we’re covering everything from high-earning memecoin traders to new projects in the works. Highlights include Bitcoin’s first on-chain AI agent, big fundraising wins for startups, and some fresh moves in the stablecoin space. Plus, Tether’s eye-catching profits and Spacecoin XYZ’s ambitious satellite plans are all making waves.

The market fell due to muted growth forecasts for Microsoft’s cloud services and Meta’s significant spending on AI and the metaverse, despite both companies reporting earnings above expectations.

Market Overview

• Global Market Cap: $2.35T ▼ 3.07% (24h)

• 24-Hour Market Volume: $95.94B ▲ 15.24%

• Bitcoin Dominance: 59.0% ▼ 0.02%

• Fear & Greed Index: 59

Onchain Lens

@OnchainLens

After nearly 2 months, the #MtGox wallet has transferred 500 $BTC, valued at $35M, to another wallet.

The wallets still holds a substantial 44.9K $BTC, valued at $3.11B. Is this a sign that the long-awaited compensation process has begun, or could something else be happening?…

Mt. Gox Stirs: 500 $BTC on the Move

The legendary Mt. Gox, which once handled 70% of all Bitcoin transactions, just moved 500 BTC ($35M) to new wallets, raising speculation across crypto circles. With 44.9K BTC ($3.1B) still under its control, this move leaves everyone wondering: is repayment finally underway, or could something else be happening?

• Repayment Delayed Again: Mt. Gox trustees have pushed the repayment deadline to October 2025.

The People's Bank of China is doing two things: getting out of US bonds and buying more gold.

This shows China's clear strategy to reduce its exposure to the US Dollar over time. But so far, China still isn't getting into $BTC.

‍🏴‍☠ In October 2024 in the crypto space happened >20 hacks, resulting in losses of ~$88.47 million.

PeckShieldAlert

@PeckShieldAlert

#PeckShieldAlert In October 2024, there were ~20 hacks in the crypto space, resulting in losses of ~$88.47 million.

#Top 5 Hacks in October 2024:
-#RadiantCapital: $53M (bridged to #Ethereum)
-U.S. Government seizure funds: $20M (returned)
-#Eigenlayer: $5.7M (laundered to…