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The long-defunct Mt. Gox exchange has shifted a massive $1 billion worth of Bitcoin, marking its first major transaction in over a month. On Mar. 6, blockchain analytics firm Arkham Intelligence flagged the movement of 12,000 Bitcoin ( BTC ) from a Mt. Gox-linked wallet (1PuQB). The transaction, which cost just $1.64 in fees, distributed 166.5 BTC (~$15 million) to the exchange’s cold storage (1Jbez), while the remaining 11,834 BTC was sent to an unknown wallet (1Mo1n). ARKHAM ALERT: MT GOX MOVING $1B $BTC pic.twitter.com/VpIkHdJQkl Mt. Gox-affiliated wallets now hold around 36,080 BTC, valued at approximately $3.26 billion, according to Arkham Intelligence data . This is the first activity from these wallets since a minor 4 BTC transfer between cold storage addresses in January. The reason behind the latest transaction remains unclear. In December, Mt. Gox moved 1,620 BTC through unidentified addresses, just weeks after shifting over 24,000 BTC. After losing more than 800,000 Bitcoin, Mt. Gox, once the biggest Bitcoin exchange, went down in 2014. Creditors are still seeking repayments after years of a protracted bankruptcy process. The payback deadline was recently extended from Oct. 31, 2024, to Oct. 31, 2025, by the trustee in charge of Mt. Gox’s funds. Some creditors are still awaiting Bitcoin or Bitcoin Cash ( BCH ) disbursements, while others have already received fiat repayments. While previous Bitcoin movements tied to Mt. Gox have caused market reactions , current transfers have not had a significant immediate effect on BTC prices. Traders, however, are still wary of possible sell-offs if full repayments start. This development comes as U.S. President Donald Trump’s trade tariffs, which went into force on Mar. 4, are causing volatility in the cryptocurrency markets and disturbing risk assets. This week, Bitcoin fluctuated significantly, peaking at $94,769 on Mar. 3 and falling to $82,681 on Mar. 4 amid Trump tariffs concerns. According to crypto.news price tracker , it has again risen above $90,000 and is currently trading at $91,224, up 4% in the last 24 hours.

New Hampshire is the latest U.S. state to advance a Bitcoin reserve bill to the House, with its House committee clearing the proposal on March 5. According to Bitcoin Laws, House Bill 302 passed the House Commerce and Consumer Affairs Committee in a 16-1 vote. The proposal was introduced by Republican Keith Ammon on Jan. 7. NEW HAMPSHIRE Update: Bitcoin Reserve Bill HB302 has passed the House Commerce and Consumer Affairs Committee. The vote was 16 – 1 pic.twitter.com/7DpzFzxgda HB302 proposes allowing New Hampshire’s treasurer to invest up to 5% of the general fund, revenue stabilization fund, or any other legislatively authorized funds into eligible digital assets and precious metals like gold, silver, and platinum. To be included in the reserve, a cryptocurrency must have maintained an average market cap of at least $500 billion over the past calendar year. Bitcoin is currently the only asset that qualifies. Initially, the bill proposed a 10% allocation and included stablecoins and staking options, but an amendment reduced the allocation to 5% and removed these provisions. Further, HB302 requires the assets to be held by a qualified custodian or in an exchange-traded product. With committee approval secured, the bill now moves to a full House vote. If passed, it will proceed to another committee review before heading to the Senate for a final vote. Currently, only seven U.S. state bills, including New Hampshire’s, have advanced to the House level, according to Bitcoin Laws. Other states with Bitcoin-related bills at this stage include North Carolina, Oklahoma, and Texas. Meanwhile, Utah and Arizona are the only two states that have cleared this stage. Utah is leading the way among U.S. states in pushing Bitcoin-related legislation. On Feb. 21, the state’s Senate Revenue and Taxation Committee approved the Blockchain and Digital Innovation Amendments bill (HB230) with a 4-2-1 vote. As previously reported by crypto.news, Trump is set to unveil a Bitcoin reserve strategy at the White House Crypto Summit on March 7. In a recent Truth Social post, the president suggested the reserve could include altcoins like XRP, Solanda and Cardano alongside Bitcoin and Ethereum.

The White House Crypto Summit on March 7 will bring together crypto industry leaders and regulators for a night that many believe could shed more light on President Trump’s plans for crypto in the U.S. Here’s what you need to know. According to FOX Business journalist, Eleanor Terrett , the summit will be a gathering of around 20 to 25 people at a roundtable setting hosted at the White House. The White House Crypto Summit guest list, according to insiders, will be smaller than expected, but includes major crypto industry leaders and regulators from relevant government bodies. Sources claim attendees will receive official invites from the White House via email. President Trump will host the first White House Crypto Summit on Friday March 7. Attendees will include prominent founders, CEOs, and investors from the crypto industry. Look forward to seeing everyone there! pic.twitter.com/PEynzDuAOt Earlier this month, AI and crypto czar David Sacks shared the news on his X account, saying that the White House is gearing up to host the first crypto-focused summit on March 7. “Attendees will include prominent founders, CEOs, and investors from the crypto industry. Look forward to seeing everyone there!” said Sacks in his post . Due to the limited list of attendees, Terret said that a “larger, invite-only reception” will be held following the meeting for those not invited to the smaller round-table meeting but still considered relevant for the development of the crypto space in the U.S . “This is all happening in real time with plans not 100% finalized so things could change but that’s what I’m hearing at this hour,” said Terret in her post. A number of White House officials have also confirmed their attendance, including Executive Director of Presidential Council on Digital Assets Bo Hines, AI and crypto czar David Sacks, SEC Chair Mark Uyeda, and CFTC Chair Caroline Pham. Meanwhile Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Attorney General Pam Bondi have yet to confirm their attendance at the White House Crypto Summit. So far, around 15 crypto industry leaders from major firms like Strategy , Gemini, Coinbase, Robinhood, Ripple ( XRP ) and Crypto.com have confirmed that they will be attending the White House Crypto Summit. On the other hand, crypto journalist Laura Shin claimed that sources say Cardano ( ADA ) Founder Charles Hoskinson has not been invited to attend the summit. Not only that, Solana ( SOL ) founder Anatoly Yakovenko also has not confirmed his attendance. Here’s what we know so far about the upcoming White House Crypto Summit. According to Eleanor Terrett, the list of attendees will include prominent figures from the crypto industry, which includes Strategy Chair Michael Saylor, Paradigm co-founder Matt Huang, CEO of Exodus J.P Richardson, Robinhood CEO Vlad Tenev and Gemini co-founders Tyler Winklevoss and Cameron Winklevoss. The White House Crypto Summit will also reportedly host major industry players such as Coinbase ( BASE ) CEO Brian Armstrong, Kraken CEO Arjun Sethi, Bitcoin Magazine David Bailey, Chainlink co-founder Sergey Nazarov, Crypto.com CEO Kris Marszalek, Managing partner at Multicoin Capital Kyle Samani and World Liberty Financial co-founder Zach Witkoff. Ripple CEO Brad Garlinghouse had been one of the first figures to confirm his attendance, not long after Sacks’ post about the summit. “I will certainly continue to champion this while in Washington at the end of this week,” Garlinghouse had written in his March 2 post. According to an Unchained report , inside sources claimed that Garlinghouse had been the one to convince President Trump to include Solana in the crypto reserve in order to make the inclusion of XRP in the reserve “seem more legitimate.” When asked about the rumor, a Ripple spokesperson did not confirm nor deny it. Instead, he referred to Garlinghouse’s earlier post praising Trump’s crypto vision and emphasizing the importance of cooperation between crypto firms in reaching the industry’s goals. However at press time, Solana founder Anatoly Yakovenko has not officially confirmed his attendance at the summit. Other crypto figureheads whose attendance status is still unclear include ARK Invest CEO Cathie Wood, Ethereum ( ETH ) co-founder Vitalik Buterin and Andreessen Horowitz co-founder Marc Andreessen. Stablecoin firm leaders Tether ( USDT ) CEO Paolo Ardoino and Circle ( USDC ) CEO Jeremy Allaire have also stayed quiet about the White House Crypto Summit, despite stablecoin being a major element in U.S. crypto-related policy in recent months. Moreover, according to Unchained, a White House source claimed Cardano founder Charles Hoskinson will not be invited to the White House Crypto Summit. Many traders found this odd considering ADA is among the tokens Trump listed in his plans for the U.S. Crypto Reserve. In a video posted on his account , Hoskinson said that he was initially unaware of ADA’s inclusion in Trump’s crypto reserve until the announcement came out. The upcoming White House Crypto Summit is set to be a discussion forum where policymakers and industry experts come together to talk about the future of crypto regulations and the U.S. crypto reserve. However, while the event is symbolically important, it may not deliver instant policy changes or a major market turnaround. As previously reported by crypto.news, Commerce Secretary Howard Lutnick hinted that Trump will talk more about how the Bitcoin strategic reserve will be executed at the White House Crypto Summit on March. 7. Moreover, the highly-anticipated White House Crypto Summit is expected to provide clarity on the Trump administration’s regulatory plans regarding the advancement of cryptocurrency in the U.S., which could further influence the wider global landscape.

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Traders observe Pudgy Penguins (PENGU) after a marked price decline and sustained bearish movement. The token’s chart analysis reveals key technical signals that may prompt a rebound if buyers re-enter the market. A recent tweet by crypto veteran Ali Charts stated that Pudgy Penguins could be primed for a rebound as the TD Sequential indicator flashed a buy signal on the 4-hour chart. #PudgyPenguins $PENGU could be primed for a rebound as the TD Sequential indicator flashes a buy signal on the 4-hour chart! pic.twitter.com/SaEyypZNZx The chart displays several consecutive downward candlesticks leading to a lower price region. A prominent “9” label appears above the second-to-last candle with an adjacent upward arrow. The technical signal aligns with earlier observations of a declining trend. The latest candle shows reduced volatility, suggesting a brief stabilization phase. Market data shows PENGU trading at $0.006652 with a 24-hour volume of $55,818,384. The token experienced a 1.96% decline on the last day and a 19.16% drop over the past week. Consecutive black candles indicate that each new candle opens near or below the previous closing level. These patterns show persistent selling pressure and continuous bearish momentum. The descending channel formed by recent lows offers a benchmark for market participants. This structure provides a clear boundary for assessing price stability. The TD Sequential indicator’s count reaching “9” signals that the current downtrend may be nearing exhaustion. A candle closing above the marked high could confirm short-term buying interest. Additional indicators suggest that if support holds, the price may bounce upward. Traders watch for a confirmed MACD crossover to reinforce the potential recovery. Traders rely on these signals for immediate market entries and exits. Combined technical indicators offer a practical basis for short-term strategy adjustments. Market participants monitor these technical signals closely. The combined analysis offers a coherent view of short-term price trends for Pudgy Penguins. Observers note that price action, volume, and indicator readings create a comprehensive technical framework. Traders remain alert as market data continues to evolve. Price stability is crucial for potential recovery. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.