SoSo Daily Mar 6 | Mt. Gox Transfers Over $1 Billion in Bitcoin to Unmarked Address

Let's turn our attention to today's overall Crypto market situation.
As of 5:59 AM on March 6, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.14 trillion US dollars, witnessing an increase of 4.13% compared to yesterday; the total trading volume is 137.90 billion US dollars, marking a decline of 19.5% from the previous day.

According to sosovalue, the price of $BTC is 92,749 USD, an increase of 6.43% from yesterday. The market cap of $BTC is 1.84 trillion USD, accounting for 58.7% of the total market cap; $BTC's 24-hour trading volume is 47.76 billion USD, making up 34.6% of the total trading volume.
The price of $ETH is 2,315.3 USD, up 6.21% from yesterday; the market cap of $ETH is 279.21 billion USD, representing 8.9% of the total market cap; $ETH's 24-hour trading volume is 22.40 billion USD, comprising 16.2% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.6% of the total cryptocurrency market cap, and their combined trading volumes constitute 50.8% of the total trading volume.

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Buying.com. As of 05:50 today, its market cap is 2.79M, with a coin price of 0.0042500 USD, witnessing a 24-hour increase of 71.4%.
The second is Bluzelle. As of 05:50 today, its coin price is 0.044700 USD, with a 24-hour increase of 53.1%.
The third is Counterfire Economic Coin. As of 05:50 today, its coin price is 0.015690 USD, showing a 24-hour increase of 51.6%.
In fourth place is Prisma Governance Token. As of 05:50 today, its coin price is 0.033480 USD, with a 24-hour rise of 41.9%.
In fifth place is Zoo. As of 05:50 today, its coin price is 0.000013920 USD, increasing by 41% over the last 24 hours.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Mt. Gox, a bankrupt crypto exchange, transferred over $1 billion worth of bitcoin to an unmarked address, as reported by Arkham Intelligence. The transaction involved approximately 11,834 $BTC from Mt. Gox's wallet to the address "1Mo1…9gR9". This marks the first significant transaction by Mt. Gox since January. Additionally, 166.5 $BTC was moved to its cold wallet "1Jbez" shortly after. Mt. Gox, once the largest bitcoin exchange, filed for bankruptcy in 2014 after losing over 800,000 BTC. Creditors are still awaiting repayment, with the deadline extended to October 31, 2025.
Next news:

According to SoSoValue, as of March 5th (Eastern Time), Bitcoin spot ETFs experienced a total net outflow of $38.30M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $0.00 , bringing GBTC's total historical net outflow to $22.35B.

Grayscale Bitcoin Mini Trust ETF $BTC had a net outflow of $ 0.00 ，bringing Grayscale Bitcoin Mini Trust ETF $BTC's total historical net inflow to $1.09B.

The Bitcoin spot ETF with the highest net inflow for the day was BlackRock's ETF IBIT, with a daily net inflow of $38.93M, with IBIT's total historical net inflow reaching $39.66B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $102.12B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 5.69%. The historical cumulative net inflow has reached $36.69B.

Source: https://sosovalue.com/assets/etf

Next news:

Argentina's Chief Prosecutor Eduardo Taiano has taken action to freeze approximately 100 million USD in crypto assets related to the sale of LIBRA coins and has requested detailed transaction records for the project, as well as the restoration of deleted social media posts. Taiano has asked international exchanges, law enforcement, and regulatory agencies to cooperate in freezing the funds. The Argentine prosecutorial authorities have not yet made an official response to this matter. (Decrypt)

Next news:

According to Wu, Lookonchain monitoring and Tokenomist data show that Ethena unlocked 2.07 billion ENA (worth 740.71 million USD, accounting for 39.17% of the circulating supply) yesterday. In the past two days, 12 wallets have collectively deposited 125 million ENA (worth 45 million USD) to Binance, Bybit, and FalconX.

Next news:Bitwise has filed an S-1 registration with the U.S. SEC for a spot Aptos ETF, marking a step towards launching an altcoin-based fund. This move follows a registration filing in Delaware. The U.S. government seems to be easing regulatory barriers for digital asset investment products. Bitwise is also pursuing Dogecoin and XRP ETFs. Aptos, with a market cap of $3.8 billion, is the 36th largest cryptocurrency. Developed by Aptos Labs, it aims to enhance decentralized applications and smart contracts. Bitwise and 21Shares have launched Aptos Staking ETPs in Europe.
Next news:

According to Wu's report, as monitored by Onchain Lens, a whale has withdrawn 21,259 SOL from the Kraken exchange and used it for staking. Currently, the total amount of SOL staked by this whale has reached 297,729.51 SOL, valued at approximately 43.33 million USD.

Next news:According to Wu Shuo, sources from the White House revealed to Unchained that Charles Hoskinson, co-founder of Cardano, was not invited to the cryptocurrency summit at the White House on March 8. Previously, Donald Trump announced on the social platform Truth Social that Cardano's token ADA would be included in the U.S. cryptocurrency reserve, which led to a 100% surge in the price of ADA. However, sources indicated that Cardano did not participate in policy discussions and was not invited to meet with the government. Hoskinson had previously hinted at attending a fundraising dinner for the pro-crypto PAC MAGA Inc., but the White House stated that he was not invited.
Next news:

According to Reuters, the United States has recently begun to release some of the cryptocurrency mining machines made in China that were previously seized, with as many as 10,000 devices having been stranded at various entry points. Taras Kulyk, CEO of Synteq Digital, revealed that thousands of devices have been released, and mentioned that some personnel from the U.S. Customs and Border Protection (CBP) hold a negative attitude toward Bitcoin mining, which has created obstacles for the industry. Ethan Vera, COO of Luxor Technology, confirmed that some of the seized devices have been released, but a significant number remain unreleased, noting that the regulatory concerns about the radio frequency emissions from mining machines are unfounded.

Next news:DoubleZero, a blockchain technology company, has achieved a $400 million valuation following investment from leading cryptocurrency venture capitalists. The company is known for its innovative 'New Internet' concept, which aims to revolutionize blockchain technology. This significant valuation highlights the growing interest and confidence in blockchain innovations and the potential impact of DoubleZero's technology on the industry.
Next news:

According to reports from @EmberCN, the Trump family's cryptocurrency project WLFI has accumulated a total investment of 336 million USD to purchase 9 types of tokens, including $ETH, WBTC, TRX, LINK, AAVE, ENA, MOVE, ONDO, and SEI. Since most of the assets have been transferred to Coinbase Prime some time ago, it is unclear whether these assets have been sold (WLFI claims they have not been sold). If these assets have not been sold, they are currently facing an unrealized loss of approximately 88 million USD, with the largest loss percentage being ENA, which has lost 63%; the largest loss amount is $ETH, with a loss of approximately 67.35 million USD.

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.