The Block

Defunct crypto exchange Mt Gox sent nearly 47,229 BTC to another address late Thursday.Mt Gox sent small amounts of bitcoin to a number of cold wallets yesterday.

Quick Take The 7-day moving average of transactions on TON has risen from 645,000 to 5 million. The following is an excerpt from The Block’s Data and Insights newsletter.

Quick Take LayerZero airdrop briefly boosted network activity and revenue on June 20. Due to ZRO claims, Arbitrum’s revenue on June 20 was $3.38 million, its highest day ever. Post-airdrop, Arbitrum’s revenue returned to normal, keeping most of its earnings. The following is an excerpt from The Block’s Data and Insights newsletter.

Quick Take Blast is also already the seventh-largest network by total value locked, with almost $1.5 billion in assets. The following is an excerpt from The Block’s Data and Insights newsletter.

Quick Take A potential Labour government in the UK could impact the crypto sector by seeing a focus on real-world asset tokenization and the development of CBDC technology, according to deVere Group CEO Nigel Green. The UK’s General Election takes place today, and opinion polls suggest that the incumbent Conservatives could lose in a Labour landslide victory.

The cryptocurrency market saw over $295 million in liquidations across centralized exchanges, with around $259 million in long positions.Bitcoin long liquidations reached nearly $77 million in the past 24 hours as the price fell below $58,000.

Quick Take Bittensor has identified the issue behind an $8 million security exploit involving certain network wallets. In a post-mortem, the Opentensor Foundation said the attack was traced back to a malicious package upload.

Quick Take Three wallets associated with Mt Gox made two transactions earlier today involving very small amounts of bitcoin. One of the transactions sent a small amount of funds to an exchange that’s one of the five designated for making repayments to creditors.

Quick Take South Korea’s financial watchdog announced today that it has prepared a 24-hour monitoring system for dubious activity in the crypto market. South Korea’s first comprehensive crypto law is coming into effect later this month.

The German government transferred 3,000 bitcoin ($175 million) to various addresses.1,700 bitcoin were sent to an unidentified address starting with “139Po.”Additional transfers included 500 BTC to Bitstamp, 400 BTC to Coinbase, and 400 BTC to Kraken.