The Daily: Mt. Gox pushes back repayment deadline, Standard Chartered says bitcoin may never fall below $100k again, and more
Mt. Gox delayed creditor repayments until 2026, Standard Chartered suggested Bitcoin might stay above $100k, and Strategy bought more BTC.Summary
The daily crypto update highlights several key developments, most notably that the defunct exchange Mt. Gox has postponed its creditor repayment deadline for a third time, now setting it for October 31, 2026. While some creditors have received distributions, many remain unpaid due to procedural issues. In market analysis, Standard Chartered's Head of Digital Assets Research suggested that if positive macro momentum continues, Bitcoin may never drop below $100,000 again, citing factors like expected Fed rate cuts and renewed ETF inflows. Furthermore, Michael Saylor's Strategy purchased another 390 BTC for $43.4 million, increasing its total holdings to over 640,000 BTC. The report also noted that American Bitcoin Corp., co-founded by the Trump brothers, added $160 million worth of BTC to its reserves, and the MegaETH token sale raised its maximum $50 million cap in minutes.
(Source：The Block)