Mt. Gox just moved $1B

Plus: The US military is betting on AI

GM. We’re the fruit salad of crypto – sweet, tangy, and packed with everything you need for a balanced market diet.

💰 Mt. Gox making moves.

🍋 News drops: investigation into Argentine president’s memecoin scandal, AI in warfare + more

🍍 Market flavor today

Being in crypto rn feels like dealing with a baby that finally stopped crying after five hours – you hold your breath, don’t make any sudden moves, and pray you don’t set it off again.

We’ve upgraded from extreme fear to just regular fear, Bitcoin’s back above $90K, Ethereum… well, it’s still very disappointing, but just a tiny bit less embarrassing today.

Things almost feel normal again.

But it’s not just about feeling normal – there are reasons to believe BTC could be ready for another push.

1/ Weakening dollar

Andre Dragosch, head of research at Bitwise, pointed out that the US dollar index (DXY) is slipping – and historically, when the dollar goes down, Bitcoin tends to do the opposite.

If this trend continues, BTC could be in for a nice boost.

2/ Looser financial conditions

Real Vision CEO Raoul Pal is also watching the dollar and says it’s not just that – interest rates and oil prices are trending lower, too.

When this happens, financial markets tend to loosen up, meaning more money might flow into investments like crypto.

According to Pal, crypto usually takes a couple of months to react, so if the trend holds, BTC could have a strong Q2 and maybe the second half of 2025.

3/ China’s fiscal and monetary stimulus

Oh, and let’s not forget China.

They’re cranking up the stimulus machine – issuing 300B yuan in bonds, cutting interest rates, and making it easier for banks to lend money.

Why does this matter? When major economies inject liquidity, global markets tend to rise, and some of that capital often finds its way into Bitcoin and other risk assets.

(Last time China pulled this kind of stimulus in September 2024, Bitcoin jumped 12% – one of its best September runs ever.)

But let’s not get ahead of ourselves – stay calm, don’t wake the baby, and hope for the best.

🧃 Sip of gains

Never thought I’d say this, but… Drizzy Drake is right 👆

The BitDegree Season 7 $30K Airdrop (plus BYDFi’s extra $1K USDC) is still up for grabs.

So, you could either:

❌ Sit back, do nothing, and let someone else take your share.

✅ Do some fun Missions, invite some friends, earn some Bits, and secure some gains.

You and I both know which option actually makes sense.

Don’t fumble it – the BYDFi stage ends on March 10.

🥝 Memecoin harvest

“This is the future of finance,” I whisper as I ape into the stupidest coin anyone’s ever heard of.

Data as of 06:20 AM EST.

Check out these memecoins and plenty more here.

Alright, about not making the baby cry again – Mt. Gox is basically standing over the crib making weird faces just to see what happens.

Quick backstory for those who are new to crypto: Mt. Gox was the biggest crypto exchange back in the early days, but in 2014, it got hacked, lost 950K BTC, and collapsed.

Last year, a repayment plan with a deadline of October 31, 2025, was finally put together. So far, about 17K creditors have gotten their payouts in BTC, BCH, and fiat, with more still waiting.

And today, Arkham Intelligence reported that 12K BTC (worth over $1B) was moved from a Mt. Gox wallet to an unknown address:

That’s one of the biggest transactions linked to the exchange since its collapse. No one knows for sure what it’s for, but it’s most likely part of the repayment process.

And this is why the crypto community is a bit on edge – once creditors get their BTC, they can do whatever they want with it (duh). If too many people decide to cash out, we could see some selling pressure.

But should you really go panic mode? Probably not.

Bitcoin’s daily trading volume is around $50B. A sudden $1B sell-off would be about 2% of that.

Would it cause short-term price volatility? Likely yes. Would it crash Bitcoin overnight? No – the market has handled bigger shocks before.

Basically, it’s something to watch, but nothing to lose sleep over. It’s crypto, after all…

🍋 News drops

🕵️ The prosecutor investigating Argentine President Javier Milei’s LIBRA crypto scandal wants to freeze $110M in assets. He’s also after deleted posts where Milei promoted the memecoin and transaction records from its busiest trading days.

🪖 The US Department of Defense is gonna be using AI to plan battles and outsmart rivals. They’ve hired Scale AI to build Thunderforge, an AI tool for military strategy.

🚫 Behrouz Parsarad, the creator of the darknet marketplace Nemesis, landed on the US sanctions list. Nemesis was a one-stop shop for drugs, fake IDs, and hacking tools.

🧊 Tether froze $27M in USDT linked to the sanctioned Russian exchange Garantex. Since then, Garantex has hit the pause button on everything – withdrawals are blocked, and their website’s basically in timeout mode.

🗳 New Hampshire’s House committee passed the state’s Bitcoin reserve bill with a 16-1 vote. It’s now heading to the full House for a final showdown.