Final Batch of Mt. Gox Payments Approaching Deadline, Market Fears Selling PressureFinal Batch of Mt. Gox Payments Approaching Deadline, Market Fears Selling Pressure
Mt. Gox Repayment Enters Final Countdown: 34,000 BTC to Be Released Before October 31
According to the latest announcement from the Tokyo court, the administrative deadline for the globally notorious Mt. Gox exchange bankruptcy repayment case has been extended to October 31, 2025, just 10 days away. The market expects approximately 34,000 BTC to be distributed before the deadline, with a total value exceeding $2 billion, raising investor concerns about potential selling pressure.
Repayment Progress
Data shows that of the 142,000 BTC originally scheduled for repayment by Mt. Gox, approximately 107,000 BTC have already been distributed, leaving 34,000 BTC yet to be disbursed. With the administrative deadline approaching, the trustee is expected to accelerate the final batch of repayments to ensure all payments are completed by October 31.
Historical Background
Founded in 2010, Mt. Gox at its peak handled 70% of global Bitcoin trading volume. In 2014, the exchange revealed a shocking scandal involving the loss of 850,000 BTC (worth approximately $450 million at the time), subsequently declaring bankruptcy and being placed under Japanese court supervision. After 11 years of lengthy legal proceedings, repayment operations officially began in July 2024.
Market Impact
Crypto analysts warn that the concentrated release of large amounts of BTC could cause short-term market shocks. Many creditors have held their coins for over 10 years, with near-zero cost basis for the BTC received, creating strong selling incentives. Although some creditors have indicated they will hold long-term, the market widely expects a significant proportion of BTC to flow into secondary markets.
Over the past few months, Bitcoin prices have experienced varying degrees of volatility following each major repayment. With October 31 approaching, traders are advised to closely monitor on-chain data and BTC net inflows to exchanges.
Future Outlook
Upon completion of Mt. Gox repayments, this 11-year saga representing the largest bankruptcy case in crypto history will officially come to a close. The market will eliminate a long-standing overhang of selling pressure, though short-term volatility risks remain a concern.
Market Opportunity
Bitcoin Price(BTC)
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Disclaimer: The articles published on this page are written by independent contributors and do not necessarily reflect the official views of MEXC. All content is intended for informational and educational purposes only and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC. Cryptocurrency markets are highly volatile — please conduct your own research and consult a licensed financial advisor before making any investment decisions.
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BitcoinWorld MetaMask Token: Exciting Launch Could Be Sooner Than Expected The cryptocurrency community is buzzing with exciting news: a native MetaMask token might arrive sooner than many anticipated. This development could reshape how users interact with the popular Web3 wallet and the broader decentralized ecosystem. It signals a significant step forward for one of the most widely used tools in the blockchain space. What’s Fueling the MetaMask Token Buzz? Joseph Lubin, the CEO of ConsenSys, the company behind MetaMask, recently shared insights that ignited this excitement. According to reports from The Block, Lubin indicated that a MetaMask token could launch ahead of previous expectations. This isn’t the first time the idea has surfaced; Dan Finlay, one of MetaMask’s founders, had previously mentioned the possibility of issuing such a token. ConsenSys has been a pivotal player in the Ethereum ecosystem, developing essential infrastructure and applications. MetaMask, their flagship wallet, serves millions of users, providing a gateway to decentralized applications (dApps), NFTs, and various blockchain networks. Therefore, any move to introduce a native token is a major event for the entire Web3 community. Why is a MetaMask Token So Anticipated? The prospect of a MetaMask token generates immense interest because it could introduce new layers of utility and community governance. Users often speculate about the benefits such a token could offer. Here are some key reasons for the high anticipation: Governance Rights: A token could empower users to participate in the future direction and development of MetaMask. This means voting on new features, upgrades, or even changes to the platform’s policies. Ecosystem Rewards: Tokens might be distributed as rewards for active participation, using certain features, or contributing to the MetaMask community. This incentivizes engagement and loyalty. Enhanced Utility: The token could unlock premium features, reduce transaction fees, or provide exclusive access to services within the MetaMask ecosystem or partnered dApps. Decentralization: Introducing a token often aligns with the broader Web3 ethos of decentralization, distributing control and ownership among its users rather than centralizing it within ConsenSys. Consequently, a token launch is seen as a way to deepen user involvement and foster a more robust, community-driven ecosystem around the wallet. Exploring the Potential Impact of a MetaMask Token The introduction of a MetaMask token could have far-reaching implications for the decentralized finance (DeFi) and Web3 landscape. Firstly, it could set a new standard for how popular infrastructure tools engage with their user base. By providing a tangible stake, MetaMask might strengthen its position as a community-governed platform. 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