💥 Gate Square Event: #PostToWinCGN 💥
Post original content on Gate Square related to CGN, Launchpool, or CandyDrop, and get a chance to share 1,333 CGN rewards!
📅 Event Period: Oct 24, 2025, 10:00 – Nov 4, 2025, 16:00 UTC
📌 Related Campaigns:
Launchpool 👉 https://www.gate.com/announcements/article/47771
CandyDrop 👉 https://www.gate.com/announcements/article/47763
📌 How to Participate:
1️⃣ Post original content related to CGN or one of the above campaigns (Launchpool / CandyDrop).
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostToWinCGN
4️⃣ Include a screenshot s
Another Year, Another Delay: Mt. Gox Extends $4 Billion Bitcoin Repayments to 2026
Mt. Gox’s trustee has postponed the final Bitcoin repayments by another year to October 31, 2026, keeping 34,689 BTC ($4 billion) locked and delaying potential market pressure.
Repayment Extension: Easing Sell-Off Fears
The extension, approved by the court, addresses verification issues for remaining creditors, ensuring “reliable” distributions. Over 19,500 creditors have received $9 billion in BTC and BCH since July 2024, but 34,689 BTC remains, per Arkham data. This delay, the third since 2023, removes near-term supply overhang, as past sales via Kraken and Bitstamp caused minor volatility. Trustee Nobuaki Kobayashi stated the change prioritizes “reliable repayments” without altering legal eligibility.
Market Reaction: BTC Jumps 4% to $115,559
Bitcoin rallied 4% to $115,559 on the news, with analysts viewing the delay as bullish, reducing FUD from a sudden flood. Coinbase noted it “assuages near-term concerns around supply overhangs.” Trading volume hit $50 billion+, with RSI at 55 signaling momentum.
2025 Outlook: $130K-$200K Consensus
Forecasts see BTC at $130K-$200K by year-end. Changelly projects $123,849; CoinDCX $131,500. VanEck targets $180K-$200K on ETF inflows ($50B YTD).
For investors, how to buy Bitcoin via compliant platforms ensures entry. How to sell Bitcoin and how to cash out Bitcoin offer liquidity. Sell Bitcoin for cash and convert Bitcoin to cash enable fiat conversions.
Trading Strategy: Longs with Caution
Short-term: Long above $115,000 targeting $120,000, stops at $112,000 (2% risk). Swing: Accumulate dips, staking for 5% APY. Watch $115,559 breakout; below $112,000, exit.
In summary, Mt. Gox’s 2026 delay eases BTC pressure, bolstering 2025’s bullish outlook.