It’s been a big year for the crypto market, and we’re only halfway through 2024. Bitcoin's price significantly outpaced the S&P 500, surging over 46% in the first six months while the S&P 500 rose 15%.

Most importantly, the U.S. Securities and Exchange Commission approved spot Bitcoin exchange-traded funds – the first of their kind – significantly increasing institutional investment in cryptocurrencies. Meanwhile, Bitcoin experienced its fourth halving, which occurs after every 210,000 blocks are mined – or roughly every four years.

But as the second half of the year gets rolling, Mt Gox is again disrupting the market. Last month, the defunct bitcoin exchange announced it would begin distributing over $9 billion worth of funds to its creditors in early July. Those payments — to …