The Daily: Kraken gets bitcoin from Mt. Gox Trustee, Worldcoin spikes, Mira raises $9 million and more

Quick Take

  • Kraken receives bitcoin from Mt. Gox Trustee, payouts anticipated in 7-14 days
  • Worldcoin token jumps over 20% with unlock for early contributors starting next week, period extended
  • Crypto-AI startup Mira raises $9 million in seed funding
  • The following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
     
Happy Tuesday! In today's Daily, Mt. Gox funds are on the move again, Worldcoin jumps 20% amid changes to its early contributor token unlock schedule, a crypto-AI startup raises $9 million and more.
 
Let's get started.

Kraken receives bitcoin from Mt. Gox Trustee, payouts anticipated in 7-14 days

Crypto exchange Kraken, one of five firms selected to manage Mt. Gox creditor repayments, received a pair of bitcoin and bitcoin cash transfers from the Rehabilitation Trustee on Tuesday.
  • In an email to clients confirmed by The Block, Kraken said that it would work to distribute funds as soon as possible despite having up to 90 days to do so. It anticipated that they would hit creditors' accounts in 7 to 14 days.
  • "The amount you will receive has been determined by the Trustee, and we will distribute according to their instructions,” Kraken stated in the email.
  • Earlier Tuesday, a Mt. Gox wallet transferred around 48,641 BTC ($3.1 billion) to an unlabeled address, "3JQie," according to blockchain analytics platform Arkham.
  • Following Kraken's notice, Arkham said the "3JQie" address was most likely associated with the crypto exchange, and the funds currently remain unspent.
  • In a separate notice on Tuesday, Mt. Gox Rehabilitation Trustee Nobuaki Kobayashi said over 13,000 creditors have now been paid in bitcoin and bitcoin cash, adding, “We ask [remaining] eligible rehabilitation creditors to wait for a while.”
  • Two Japanese exchanges, Bitbank and SBI VC Trade, previously received and seemingly distributed their allocated funds, while BitGo and Bitstamp have yet to receive their Mt. Gox payments.

Worldcoin token jumps over 20% as unlock schedule for early contributors is extended

Worldcoin's token unlock for early contributors, including investors and team members, starts on July 24.
  • However, the unlock schedule for 80% of tokens held by lead developer Tools for Humanity's team has been extended from three to five years.
  • The WLD token jumped more than 22% to $2.44 immediately following the announcement, subsequently rising to $2.69, gaining around 30% in the past 24 hours, according to The Block's price page.
  • More than 211 million WLD tokens have been claimed by verified World ID holders, accounting for over 77% of the 275 million WLD in circulation, according to the eyeball-scanning crypto project.

Crypto-AI startup Mira raises $9 million in seed funding

Crypto-AI startup Mira has emerged from stealth, raising $9 million in a seed funding round co-led by Bitkraft Ventures and Framework Ventures.
  • Mira is building a "decentralized AI infrastructure platform" to help developers quickly build AI-native apps.
  • Over a dozen projects are using Mira's infrastructure, according to co-founder Karan Sirdesai, with others set to launch soon, including Mira's first ecosystem product, Klok, a crypto chatbot.
  • Mira also plans to launch a blockchain to record its platform transactions. However, it's undecided whether it will be a Layer 1 or Layer 2, Sirdesai said, declining to comment on whether Mira would issue a token.

Polygon Labs says its ZK proving system Plonky3 is production-ready

Polygon Labs announced that Plonky3, the latest version of its ZK proving system, is now "production-ready" for developers.
  • Plonky3 will be used in Polygon's upcoming AggLayer, an interoperability layer designed to facilitate unified liquidity and security across the Polygon 2.0 network of Layer 2 chains.
  • Plonky3 is an advancement of Plonky2, reducing proof generation time and computational costs, and has already been adopted by projects like Valida and Succinct Labs’ SP1.
  • With Plonky3, Polygon aims to enable developers to build their own zero-knowledge virtual machines (zkVMs) or zero-knowledge Ethereum virtual machines (zkEVMs).

Jack Dorsey’s hardware wallet Bitkey to integrate MoonPay for bitcoin purchases

Jack Dorsey's Block is partnering with MoonPay to allow its Bitkey hardware wallet users to purchase bitcoin via major payment methods, including debit and credit cards, bank transfers, Apple Pay, Google Pay and PayPal.
  • MoonPay's integration simplifies Bitkey's bitcoin purchase experience, which is managed entirely within the Bitkey app. The firm is also planning to enable crypto-to-fiat off-ramps soon.
  • Launched in March, Bitkey is a self-custody wallet with a 2-of-3 multi-signature setup that enhances security and reduces reliance on single points of failure, such as passwords or seed phrases.

In the next 24 hours

UK CPI inflation figures are due at 2 a.m. ET on Wednesday. Eurozone CPI data follow at 5 a.m.
 
U.S. FOMC member Thomas Barkin will speak at 9 a.m.
 
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© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

James Hunt is a reporter at The Block and writer of The Daily newsletter, keeping you up to speed on the latest crypto news every weekday. Prior to joining The Block in 2022, James spent four years as a freelance writer in the industry, contributing to both publications and crypto project content. James’ coverage spans everything from Bitcoin and Ethereum to Layer 2 scaling solutions, avant-garde DeFi protocols, evolving DAO governance structures, trending NFTs and memecoins, regulatory landscapes, crypto company deals and the latest market updates. You can get in touch with James on Telegram or 𝕏 via @humanjets or email him at [email protected].

Editor

To contact the editor of this story:
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