Last week, crypto exchange BitGo confirmed plans to distribute the final Mt. Gox creditor repayments. Meanwhile, Kamala Harris overtook Donald Trump on Polymarket, and crypto startups secured $130 million in VC funding.
Mt. Gox Final Creditor Repayments
BitGo, one of the five exchanges selected to distribute the Mt. Gox creditor repayments, moved $2 billion in Bitcoin (BTC) on Aug. 13. Notably, crypto exchanges Bitstamp and Kraken carried out similar on-chain movements before their distributions. BitGo is likely the last exchange to distribute repayments to creditors.
Harris vs. Trump
Vice President Kamala Harris’s chances of winning the 2024 presidential election on Polymarket soared to 52%, surpassing former President Donald Trump, whose odds fell from a high of 72% to 46%. The trend continued throughout the week, with Harris’s odds climbing to 54%, while Trump’s chances dropped to 44% on Aug. 16. At last check Sunday, the two candidates were tied at 49%.
Startups Secure $130M in VC Funding
Crypto startups collectively raised $130 million from venture capitalists last week. Chaos Labs, a risk management firm, secured the single largest funding worth $55 million. Meanwhile, AI protocol Sahara AI followed closely with a $43 million funding round led by Binance Labs. Sling Money’s Series A funding raised $15 million, while blockchain firm Essential secured $11 million.
Last week was significant for the crypto world: final Mt. Gox creditor payments were made, shifts occurred in political betting odds, and crypto startups successfully secured funding.
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