U.Today – Arkham Intelligence on-chain data aggregator spreads the word about the recent Bitcoin transfers involving former cryptocurrency exchange Mt. Gox.

Recent Mt. Gox development

A recent tweet revealed that last night, Mt. Gox received $370,000 worth of Bitcoin from U.S.-based cryptocurrency exchange Kraken. Arkham noted that “Mt. Gox emptied 4 of their wallets last night.”

The data agency suspects that further Bitcoin repayments from the troubled crypto platform may soon be made to its creditors.

This year, Mt. Gox aimed to finally commence compensation repayments to its customers. A total of 142,000 Bitcoin, 143,000 Bitcoin Cash, and $69 billion yen in fiat were expected to be paid out.

In July, the platform transferred 140,000 Bitcoin, valued at approximately $9 billion at the time, to various centralized exchanges — Bitstamp, Kraken, BitGo — as it began preparations for the aforementioned payouts.

Previously reported by U.Today, on August 21, Mt. Gox sent $709 million worth of Bitcoin to the Bitstamp exchange. On August 14, it transferred 33,141 Bitcoin (around $2 billion) to a new blockchain address in preparation for the payouts. Additionally, 117 BTC (about $7 million) was sent to the OKX exchange.

Bitcoiner Anthony Pompliano sells ETH for SOL

Financial entrepreneur, Bitcoin supporter, and founder of Pomp Investments, Anthony Pompliano, appeared on the CNBC Squawk Box show today. He discussed the developments surrounding Bitcoin in light of the recent Fed Reserve rate cut and a similar announcement in China.

Known widely in the cryptocurrency community as Pomp, he told CNBC host Andrew Sorkin that he considers Bitcoin the best-performing asset this year, followed by gold and oil futures.

Pompliano revealed that last year, he sold all his Ethereum to acquire Solana, believing that Solana’s technology is superior to that of the second-largest crypto platform.

Regarding Bitcoin’s price, Pompliano opined that the recent Fed rate cut and a similar move by China’s Central Bank (PBOC) would draw a significant amount of cheap capital into the market, positioning Bitcoin as a potential big winner.

This article was originally published on U.Today.