Episode Details

14th Oct: Blockchain DXB Podcast

🟠MT.GOX Exchange delays repayment 🔻US Share of World Economy 🟢"BRICS Cuts Dollar/Euro Use Below 30%" 🔥Binance BNB DApp volumes 🚀Dogecoin Active addresses  

🟠Originally scheduled to kick off from 31st Oct Mt. Gox, a defunct cryptocurrency exchange, has postponed its repayment deadline to creditors by one year, moving it to October 31, 2025. This delay may help ease concerns about potential selling pressure on Bitcoin, as a large influx of BTC from creditor repayments won't happen in the near term. Analysts at Coinbase believe this extension could reduce fears of a significant Bitcoin supply increase, which might have otherwise impacted the market negatively. Info here https://shorturl.at/9MW59

👀Crypto wallets linked to the defunct exchanges still hold $2.8 billion of bitcoin after having distributed about $6 billion worth of assets to creditors earlier this year. This should indicate bullish sentiment. Check out the Blockchain DXB episode for today we share our commentary on this

🚨 US Share of World Economy Projected to Reach Historic Low: The U.S. share of the global economy has fallen below 15% under President Joe Biden’s administration, according to analysis from Sputnik, based on World Bank and IMF data. The U.S. once held over 21% of the global economy in 1999, but this share has steadily declined over recent decades, with China now commanding a larger portion at 18.76%. By the end of Biden’s term, the U.S. share is projected to hit a historic low of 14.76%. Article here https://tinyurl.com/3a4w69e9 

🟢 With BRICS Slashin US Dollar and Euro Transactions to Below 30%! https://shorturl.at/zDjd9  What role will Bitcoin play? 

🔥 BNB Chain's activity dropped 37% in the past week, raising concerns about BNB’s price sustainability. DApp volumes fell 25%, including significant declines in PancakeSwap and Uniswap. While BNB saw a 4.1% price increase, the drop in network activity and fees contrasts with stronger performance from Ethereum and Solana. Binance Launchpad's recent token launches have also faced criticism, adding pressure to BNB's outlook. Info here https://shorturl.at/nO3YG

- Binance Launchpad?

According to Arthur Hayes, co-founder and former CEO of BitMEX, token issuers are reportedly required to buy and hold ~$5 million worth of BNB and give away up to 16% of the token supply.

🚀New data from Santiment AG here https://tinyurl.com/4yvzcmdcshows a spike in active addresses on the Dogecoin network, reaching their hi