Mt. Gox Makes Major Bitcoin Transfer Amid Market Crash, XRP ETF Proposal Filed by $1.53 Trillion Investment Giant, $2 Billion Cardano in 24 Hours: Crypto News Digest by U.Today

U.Today - U.Today has prepared the top three news stories over the past day.

Mt. Gox makes major Bitcoin transfer amid market crash

Yesterday, Lookonchain X handle reported a transfer of 11,834 Bitcoins worth around $931.19 million made by Mt. Gox. The majority of the funds was moved to a new wallet, while the rest of them were sent to a warm wallet. Earlier this month, on March 6, the exchange made a $1.07 billion transfer to a new wallet, followed by a smaller transfer of $15 million. These movements took place amid a severe downturn on the crypto market, with Bitcoin plunging to lows of $76,000 and Ethereum dropping below $1,800, the lowest level since October 2023. As a reminder, Mt. Gox went bankrupt back in 2014 and started repaying its customers last July. The final repayment deadline was extended to Oct. 31, 2025, which alleviated concerns about imminent selling pressure. However, Mt. Gox’s transfers continue to attract significant attention within the crypto community.

XRP ETF proposal filed by $1.53 trillion investment giant

As became known yesterday, Franklin Templeton has become the biggest player to join XRP ETF race with its recent filing. The list of other applicants include Bitwise, Canary Capital, 21Shares, Grayscale and WisdomTree. As reported by U.Today, the SEC has already acknowledged the proposals from the aforementioned firms. Even though many analysts view it as a positive sign, the approval still remains uncertain. The SEC’s decision on Grayscale’s application is expected by Oct. 18. Meanwhile, has also filed to launch unique XRP ETF products, with one of them allowing investors to bet against the price of the token. At press time, XRP is changing hands at $2.16, with its value surging by 4.13% over the past 24 hours, according to CoinMarketCap data.

$2 billion Cardano (ADA) in 24 hours: What’s happening?

Data provided by CoinMarketCap shows that over the previous 24 hours, Cardano’s trading activity has experienced a surge, with its trading volume hitting $2 billion within the same time frame. This spike in trading volume points to renewed interest in the asset, as traders capitalize on the recent dip to reenter the market. Following five consecutive days of declines, Cardano’s price slightly rebounded on Tuesday, finding support near $0.647. At press time, ADA is trading at $0.7240, up 1.01% over the past 24 hours, per data from the aforementioned source. Despite this recent uptick, the technical indicators suggest ongoing bearish pressure, as ADA had fallen below key moving averages during the sell-off. The next few days will be crucial in determining whether the recent bounce is the start of a fresh uptrend or a short relief rally.

This content was originally published on U.Today