U.Today rounds up the top three news stories from the past day.

Mt. Gox makes major Bitcoin transfer amid market crash

Yesterday, a report from Lookonchain X highlighted a significant transfer of 11,834 Bitcoins by Mt. Gox, valued at approximately $931.19 million. Most of these funds were moved to a brand new wallet, while the rest were sent to a warm wallet. Earlier in March, on March 6, the exchange also made an even larger transfer of $1.07 billion to yet another new wallet, followed by a smaller $15 million transaction. This flurry of activity on the Mt. Gox front comes as the crypto market experiences a significant downturn, with Bitcoin briefly falling as low as $76,000 and Ethereum dipping below $1,800, hitting lows not seen since October 2023. Remember, Mt. Gox famously went bankrupt back in 2014 and only just started repaying its users last July. The final deadline for repayments is now set for Oct. 31, 2025, which had previously calmed some fears of an impending market dump. Regardless, these ongoing transfers from Mt. Gox are still grabbing headlines and sparking discussions throughout the crypto space.

XRP ETF proposal filed by $1.53 trillion investment giant

Just yesterday, news broke that investment giant Franklin Templeton, managing an impressive $1.53 trillion in assets, has become the latest big name to join the race for an XRP ETF with their recent filing. This puts them in competition with other hopeful applicants such as Bitwise, Canary Capital, 21Shares, Grayscale, and WisdomTree. As we at U.Today have reported, the SEC has already formally acknowledged receiving these applications from all of these firms. Although many market watchers are seeing this increased interest as a positive sign for XRP ETFs, it’s crucial to remember that SEC approval is still by no means certain. In fact, the SEC’s decision on Grayscale’s application isn’t expected until October 18th. Adding an intriguing twist, has also filed proposals for some unique XRP ETF products, including one that would allow investors to actually bet *against* the price of the token. As of writing, XRP is trading at $2.16, up a solid 4.13% in the last 24 hours according to CoinMarketCap data.

$2 billion Cardano (ADA) in 24 hours: What’s happening?

Fresh data from CoinMarketCap is showing a huge surge in Cardano (ADA) trading volume over the last 24 hours, clocking in at an impressive $2 billion within that period. This massive jump in trading activity signals renewed interest in ADA, possibly as traders are taking advantage of the recent price dip to re-enter the market. After a five-day slide in price, Cardano managed a slight recovery on Tuesday, finding support near $0.647. As of now, ADA is trading at $0.7240, up by a modest 1.01% in the last 24 hours according to CoinMarketCap data. Despite this slight positive movement, technical indicators are still flashing bearish signs, as ADA had previously broken below key moving averages during the recent sell-off. The next few days will be crucial in determining whether this recent bounce back is the start of a genuine recovery or just a brief respite before further price drops.