Crypto News Digest by U.Today

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U.Today has curated the top three news stories from the past day.

### Mt. Gox Executes Massive Bitcoin Transfers

In a recent update, it was reported that Mt. Gox conducted a transfer of $3.13 billion in Bitcoin to three unidentified wallets within a three-hour period. Since July 5, the bankrupt exchange has moved 61,559 BTC, valued at around $3.89 billion, to various platforms including Bitstamp and Kraken for repayment purposes. Currently, over 40% of the distributed coins have been allocated to Mt. Gox creditors. Although there were concerns regarding the selling pressure from Mt. Gox’s actions, it appears that the market has significantly overestimated this impact. Many Bitcoin holders have opted to transfer their assets to cold storage, alleviating some potential selling pressure.

### Shiba Eternity Game Launches in Closed Beta

Yesterday, the marketing lead for the Shiba Inu project announced that Shiba Eternity, the Play-to-Earn (P2E) game, has officially entered closed beta. Currently, access to this game is exclusive to LEASH token holders, who can engage with it on the Shibarium network. Since its initial launch in 2022, Shiba Eternity has received numerous updates and enhancements, based on user feedback. Players can earn TREAT tokens through gameplay, and every transaction contributes to the burning of SHIB tokens.

### Fidelity Introduces Bitcoin ETP in London

Fidelity, a prominent financial institution based in Boston, has launched its Bitcoin exchange-traded product (ETP) in the London market. The ETP carries ongoing charges of 0.35%. However, it is worth noting that access to this product will be limited to accredited investors, likely diminishing its market impact. The U.K.’s financial regulatory body approved listings for such products earlier this year. A representative from Fidelity described this development as positive. It was also noted that two other Bitcoin ETPs from different firms made their anticipated market entries in London earlier in the year. Additionally, European regulations prohibit the issuance of ETFs tied to a single commodity.

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