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Bitcoin, XRP, Cardano: Top Crypto News Stories Today

Major Bitcoin transfer by Mt. Gox, Franklin Templeton's XRP ETF filing, and Cardano's $2 billion trading volume spike.
Published on 2025-03-12

Bitcoin Transfer by Mt. Gox Raises Eyebrows

Mt. Gox, the defunct cryptocurrency exchange, transferred 11,834 Bitcoins worth approximately $931 million. The funds were split between a new wallet and a warm wallet. This move comes amid a crypto market downturn, with Bitcoin dropping to $76,000 and Ethereum below $1,800. Mt. Gox, which began repaying customers last July, has a final repayment deadline extended to October 31, 2025, easing immediate selling pressure concerns.

Franklin Templeton Enters XRP ETF Race

Franklin Templeton, a $1.53 trillion investment giant, filed for an XRP ETF, joining firms like Bitwise and Grayscale. The SEC is yet to approve these proposals, with a decision on Grayscale's application expected by October 18. XRP's price has surged 4.13% to $2.16, despite uncertainty over the ETF's approval.

Cardano Sees $2 Billion Trading Volume Spike

Cardano's trading volume hit $2 billion in 24 hours, signaling renewed interest. ADA's price rebounded slightly to $0.7240 after five days of decline. However, technical indicators suggest ongoing bearish pressure, with ADA below key moving averages. The next few days will determine if the rebound is a relief rally or the start of an uptrend.

These developments highlight significant movements in the crypto market, with potential implications for Bitcoin, XRP, and Cardano investors.

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