Mt. Gox delays Bitcoin repayments again as creditors await full settlement

  • Mt. Gox extends Bitcoin repayment deadline to Oct 2026 amid ongoing administrative hurdles.
  • Once the top Bitcoin exchange, Mt. Gox’s collapse in 2014 led to the loss of 850,000 BTC.
  • Arkham data shows holdings now down 75% to 34,690 BTC.

Mt. Gox, once the world’s largest Bitcoin exchange, has delayed repayments to its creditors until October 2026 — extending a saga that began more than a decade ago.

The announcement, made just days before its previous deadline of October 31, 2025, reflects ongoing administrative and technical challenges in finalising payments.

While many creditors who submitted paperwork have received partial repayments, a significant number are still waiting for their funds.

The Tokyo District Court approved the extension after the trustee cited the need for additional time to process remaining claims and complete settlements efficiently.

Delayed Bitcoin repayments extended to 2026

According to the latest notice, the Mt. Gox rehabilitation trustee confirmed that most base, early lump-sum, and intermediate repayments have been processed for creditors who completed the required steps.

However, repayments for others remain pending.

The trustee explained that it was “desirable to make the repayments to such rehabilitation creditors to the extent reasonably practicable,” leading the court to approve a new deadline of October 31, 2026.

This marks another chapter in one of the cryptocurrency industry’s longest-running recovery efforts.

Mt. Gox, which once handled over 70% of the world’s Bitcoin trading volume, collapsed in 2014 after a massive hack led to the loss of approximately 850,000 BTC.

The company subsequently filed for bankruptcy in Japan.

How the Mt. Gox collapse reshaped Bitcoin history

When Mt. Gox failed, the exchange’s bankruptcy shook investor confidence in digital assets and exposed vulnerabilities in early crypto infrastructure.

About 200,000 BTC were later recovered, but 650,000 BTC remain missing.

The recovery process transitioned into a court-supervised civil rehabilitation in Japan, during which a trustee began redistributing recovered Bitcoin and Bitcoin Cash (BCH) in 2024.

At the time of its collapse, Mt. Gox’s influence was unmatched.

The incident not only caused a sharp decline in Bitcoin prices but also prompted tighter regulatory oversight in key markets.

In the years since, it has become a landmark case in crypto regulation, bankruptcy law, and investor protection — shaping how global exchanges handle custody and insurance.

Market impact and sell-off concerns

With repayments scheduled to continue into 2026, traders and analysts have debated whether the eventual release of thousands of Bitcoin could trigger selling pressure.

Historically, such fears have surfaced each time Mt. Gox announced repayment progress.

However, recent on-chain data suggests that these effects may be limited.

According to Arkham Intelligence, Mt. Gox currently holds 34,690 BTC worth nearly $4 billion, down from about 142,000 BTC in mid-2024 — a decline of more than 75%.

Analysts tracking these wallets have noted that even large movements from the exchange have had only short-term effects on Bitcoin’s market price, indicating that most creditors are choosing to hold rather than sell immediately.

What’s next for creditors and the crypto market

The trustee’s revised timeline means that full repayments could now take another year, extending the wait for thousands of claimants worldwide.

For many early Bitcoin investors, the repayments represent not only financial recovery but also closure on one of crypto’s most notorious events.

Still, the Mt. Gox story continues to serve as a cautionary tale for digital asset investors.

It underscores the importance of secure custody, transparent operations, and regulatory compliance — principles that have since become standard practice across global crypto exchanges.

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BNB price retests $1,160 as bulls eye $1,300 rebound amid CZ pardon boost; check forecast

  • BNB price retested highs above $1,160 as the altcoin looks for third green daily candle.
  • Changpeng Zhao’s pardon helped buoy bulls and has driven part of the BNB gains.
  • A macro lift has Bitcoin above $115,000 and BNB eyeing a potential rebound to $1,300.

The uptick across the crypto market has seen the BNB price retest a critical price level around $1,160. Gains signal the potential for significant upward movement, particularly as analysts point to a big week ahead for risk assets. 

With price hovering at $1,153 as of the time of writing, bulls’ flirtation with the pivotal supply zone remains critical.  

BNB price retests key supply zone

BNB’s price action over the past week has seen the token approach and briefly test the area above the $1,160 level.

This retest, occurring amid a broader market rebound, demonstrates robust buyer conviction. Binance coin has recorded two consecutive green daily closes and eyes a third.

Indeed, the 3% uptick in the past 24 hours has the exchange token holding onto a nearly 20% tick up over the past month.

The last time it traded above $1,160 was in mid-October, which is when prices crashed from all-time highs above $1,370. BNB has broken higher amid an ascending channel pattern.

Binance Coin BNB
BNB price chart by TradingView

The Relative Strength Index has climbed from oversold territory below 40 to a neutral 54 on the daily chart. The RSI is around 65 on the 4-hour chart.

A divergence suggests diminishing selling pressure. This could give bulls more room to wiggle upwards before overbought conditions come into view.

In this case, a decisive close above $1,160 could validate a breakout.

Bulls will target the next resistance at $1,185 and $1,215, and success will bring the ATH above $1,300 into play. However, failure to hold off bears at $1,150 might see a pullback to $1,100 and then $1,080.

What next for BNB amid CZ pardon

The horizon for BNB is considerably brighter with a recent development in mind.

In particular, President Donald Trump’s pardon of Binance founder Changpeng “CZ” Zhao not only invigorated BNB but the broader crypto market.  

Zhao served a four-month sentence in 2024, having stepped down as Binance CEO and convicted of violations of anti-money-laundering guidelines as tied to Binance’s operations. 

BNB surged immediately after Trump’s pardon. But the bigger question is whether Zhao’s pardon means he could return to the exchange behemoth.

Speculation is rife, but CZ is said to be more focused on YZi Labs and other initiatives.

The native token of the high-throughput BNB Chain has also benefited from fresh listings on platforms like Coinbase and Robinhood.

The retest of $1,160 could thus mark a key zone for both bulls and bears.

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Pi Network price rebounds: 2.7M migrate as bulls target $0.30 breakout

  • 7M users have migrated to Pi mainnet, boosting market confidence.
  • PI Network price is nearing a $0.30 breakout amid tight exchange supply and strong demand.
  • ISO 20022 integration could link Pi to SWIFT and global banking systems.

The Pi Network price has staged a strong rebound, with the PI coin surging above key resistance levels amid renewed market optimism.

This rally comes on the heels of a major mainnet migration involving 2.7 million users and growing anticipation ahead of the network’s ISO 20022 financial integration scheduled for November 22, 2025.

Bulls regain control as Pi Network adoption surges

Pi Network’s market momentum has accelerated in recent days, with the token’s price climbing more than 25% in 24 hours and over 30% over the week.

The price currently hovers near the $0.28 mark, just shy of the psychological $0.30 breakout target eyed by bullish traders.

The price surge follows the completion of mass Know Your Customer (KYC) verification that enabled 2.69 million “Pioneers” to migrate their tokens to the mainnet.

The migration marks one of the largest transitions in Pi’s history and signals growing confidence in the network’s long-term viability.

This migration has triggered a surge in market demand, particularly as millions of tokens were moved into circulation while exchange supplies tightened.

According to PiScan data, centralised exchanges (CEXs) recorded an inflow of more than 2.422 million PI tokens in the past 24 hours, but this was offset by strong accumulation activity.

Pi Coin balances on CEXs
Source: PiScan

In October alone, over eight million tokens exited exchanges, reducing available supply by roughly 2.4%.

This supply squeeze has been a key catalyst in Pi’s latest rally, easing sell pressure and fueling upward momentum.

Technical setup supports Pi Network price recovery

Technically, the Pi Network price is displaying a clear attempt to break out of a bullish pattern.

The token recently exceeded the 50-day Exponential Moving Average (EMA) at $0.2627, a level that previously acted as a strong resistance zone.

A sustained movement above $0.28 could be a confirmation of a breakout that could target $0.36 in the short term.

Momentum indicators, however, paint a mixed picture, with the Relative Strength Index (RSI) currently sitting above 58, suggesting the asset is approaching overbought territory.

At the same time, the Money Flow Index (MFI) hints at slowing inflows, creating the possibility of short-term consolidation before another push higher.

A failure to reclaim $0.28 could trigger a pullback toward $0.20, where strong support has held since mid-October.

Pi Network price analysis
Source: CoinMarketCap

Despite potential volatility, market sentiment remains upbeat.

The network’s strong fundamentals and reduced exchange supply continue to draw traders and long-term holders.

Pi’s recovery from its October low of $0.172 to recent highs around $0.29 underscores the renewed optimism surrounding the project.

ISO 20022 integration boosts real-world confidence

Beyond market charts, Pi Network’s ecosystem continues to mature rapidly.

The project’s upcoming ISO 20022 integration, aligned with the global financial messaging standard, is seen as a gateway to real-world adoption.

The move will allow Pi to connect more efficiently with banking systems, potentially enabling SWIFT compatibility for faster and cheaper cross-border transactions.

Built on the Stellar Consensus Protocol (SCP), Pi Network’s blockchain prioritises scalability, security, and energy efficiency.

This technical framework supports regulatory compliance while minimising environmental impact, positioning Pi alongside ISO 20022-compliant assets like XRP and XLM.

Community confidence has also strengthened as Pi’s automated KYC system verified over 3.36 million users, resolving one of the project’s major bottlenecks.

The growing mainnet base now stands at 2.69 million active users, reflecting sustained ecosystem expansion ahead of the November 22 milestone.

Outlook: Can Pi coin sustain its momentum?

The Pi Network price rebound reflects both technical recovery and growing ecosystem confidence.

While short-term traders eye the $0.30 resistance for signs of continuation, long-term observers point to Pi’s steady progress toward financial standardisation and global interoperability.

As the project approaches its ISO 20022 rollout, Pi Network is steadily bridging the gap between blockchain and traditional finance.

But whether the current bullish run holds or pauses for consolidation, the network’s growing user base, tighter token supply, and upcoming integrations suggest that the Pi Network price may be entering a defining phase in its evolution toward real-world adoption.

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Magic Eden’s ME token soars 35%, reclaims $0.60 amid ‘big week ahead’ hype

  • Magic Eden price soared more than 35% amid a breakout above the key resistance of $0.50.
  • Trading volume jumped 1,280% to over $129 million to signal buying pressure.
  • “A big week” ahead and other potential catalysts could boost ME bulls.

Magic Eden’s native token, ME, has experienced a significant price surge in the past 24 hours.

Prices rose to intraday highs above $0.60 for the first time since the October 11 crash, with bulls’ gains coming amid a retest of a key technical barrier.

As the altcoins rank among the top gainers in the 500 largest cryptocurrencies by market cap, buyers are likely to hold the crucial level and target a new leg up.

But what could help ME price in the short term?

Magic Eden among top gainers as price pumps 35%

Per CoinMarketCap data, Magic Eden’s ME token is one of the standout performers in the cryptocurrency arena today.

The token’s 35% uptick in the past 24 hours has come amid a robust trading volume of $129 million – the metric is up 1,280% in the past 24 hours.

This performance has not only outpaced the broader market but also dwarfed top performers such as Pi Network, Virtuals Protocol and Zcash.

ZEC hovered around $270 on October 24, but was near $350 at the time of writing.

On the technical front, ME broke above the critical hurdle at $0.50, reaching intraday highs of $0.60.

While the altcoin is well off its all-time peak above $13.24, bulls have bounced off the all-time low of $0.23.

ME could retest $0.55 or $0.50 before seizing on an uptick across the market to target the psychological $1 mark.

RSI at 60 suggests bulls have more room to aim for gains.

Magic Eden price chart by TradingView

What could help Magic Eden price higher?

Several factors appear to have converged to ignite this pump.

Notably, the official Magic Eden X account issued a cryptic yet bullish proclamation early this morning: “Big week ahead.”

This post, which garnered over 300 likes and widespread speculation within the community, hinted at impending announcements or developments that could further bolster the platform’s growth.

Such communications from project leads often serve as potent catalysts, drawing in retail traders and amplifying social sentiment.

ME gains also follow the community cheering of the recent acquisition of Dynamic by Fireblocks, which the platforms announced on October 23.

As a key user of Dynamic’s developer platform, Magic Eden could benefit significantly from this integration.

Dynamic powers over 50 million on-chain accounts for industry leaders, including Kraken, Ondo Finance, Magic Eden and zerohash.

Magic Eden’s seamless user onboarding and embedded wallet functionalities for NFT trading across chains.

The deal merges Fireblocks’ institutional-grade custody with Dynamic’s agile tools, creating what executives describe as the “first complete custody-to-consumer stack” for on-chain finance.

Overlaying these platform-specific tailwinds is a broader crypto market rebound.

While gains in October 2025 remain muted as the macroeconomic environment hit risk-on sentiment, Bitcoin’s climb to $116,000 and Ethereum’s break to $4,200 has bulls excited.

The big week for crypto includes a potential rally ahead of a Federal Reserve rate cut, the impact of the US-China trade deal and SEC approval for exchange-traded funds.

The macroeconomic lift could spill over to altcoins like Magic Eden.

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