--- title: "Weekly Media Recap #50" date: 2024-07-08 author: BTCP Staff tags: ["Perception Research"] url: https://perception.to/bitcoin-media-research/weekly-media-recap-50 description: "Bitcoin, as covered in the mainstream media." image: https://cms.perception.to/content/images/2024/07/Blue-White-Gradient-Instagram--1-.png --- # Weekly Media Recap #50 * * * **EOW closing BTC price:** $55,854 **Date range:**  July 1 - July 7, 2024 > ****Let’s dive into the three major themes that were covered by mainstream media journalists:**** > > 1\. Mt. Gox Repayments > > 2\. Trump and Biden’s Roles in the Discourse > > 3\. Security and Fraud Issues * * * ## Weekly Snapshot ![](https://cms.perception.to/content/images/2024/07/Pika-Screenshot-Editor--7-.png) *The amount of mainstream media mentions last week. Source: https://bitcoinperception.com/data/* ![](https://cms.perception.to/content/images/2024/07/Pika-Screenshot-Editor--8-.png) *Sentiment analysis across all outlets. Source: https://bitcoinperception.com/data/* ![](https://cms.perception.to/content/images/2024/07/Pika-Screenshot-Editor--9-.png) *Leaderboard of the most published reporters/contributors last week. Source: https://bitcoinperception.com/data/* * * * ## Mt. Gox Repayments ![](https://cms.perception.to/content/images/2024/07/Screenshot-2024-07-07-at-7.57.47-PM.png) The long-standing issue of Mt. Gox came to a head as the process of repaying creditors begun. Media coverage highlighted the potential unloading of $9 billion in coins and the fear instilled in the market that led to a sharp decline in price. **Forbes** and **CNBC** had the most volume of coverage for this topic. **Key Points:** - **Ryan Browne** and **MacKenzie Sigalos** from **CNBC** [highlighted](https://www.cnbc.com/2024/07/01/mt-gox-about-to-unload-9-billion-of-bitcoin-what-it-means-for-btc.html?ref=cms.perception.to) the potential market impact. The sentiment was negative as the coverage focused on how the market reacted with fear and uncertainty. - **Ryan Browne** also [covered](https://www.cnbc.com/2024/07/05/crypto-market-bloodbath-as-mt-gox-bitcoin-btc-payout-approaches.html?ref=cms.perception.to) the $170 billion wiped off as the market tanked on Mt. Gox bitcoin payout fears, further emphasizing the negative sentiment surrounding these events. - **CNBC Crypto World** [noted](https://www.cnbc.com/video/2024/07/05/bitcoin-tanks-as-mt-gox-begins-repaying-creditors-cnbc-crypto-world.html?ref=cms.perception.to) that negative market sentiment as Mt. Gox began repaying creditors, echoing the negative sentiment prevalent in the coverage. - **Siladitya Ray** from **Forbes** [reported](https://www.forbes.com/sites/siladityaray/2024/07/05/bitcoin-slumps-to-54000-as-defunct-exchange-mt-gox-starts-paying-back-creditors/?ref=cms.perception.to) on Bitcoin slumping to $54,000 as the defunct exchange started paying back creditors, contributing to the overall negative sentiment. * * * ## Trump and Biden’s Roles in the Discourse ![](https://cms.perception.to/content/images/2024/07/Screenshot-2024-07-07-at-7.59.22-PM.png) As we have covered for several weeks, political figures like Donald Trump and Joe Biden are increasingly becoming central to the Bitcoin conversation. Last week's coverage reveal Biden's potential replacement candidates and their stances on crypto, indicating the significant influence of political leadership on the sector. **Key Points:** - **Derek Saul** from **Forbes** [reported](https://www.forbes.com/sites/dereksaul/2024/07/05/more-billionaires-urge-biden-to-drop-out-walmarts-christy-walton-crypto-titan-novogratz/?ref=cms.perception.to) that more billionaires, including Walmart’s Christy Walton and Mike Novogratz, are urging Biden to drop out, with a negative sentiment toward Biden's political stance. - **Billy Bambrough** from **Forbes** [highlighted](https://www.forbes.com/sites/digital-assets/2024/07/06/odds-of-biden-dropping-out-suddenly-soar-on-230-million-trump-bet/?ref=cms.perception.to) the odds of Biden dropping out suddenly soaring on a $230 million Trump bet, maintaining a neutral sentiment in his coverage. - **Sam Lyman,** in an opinion piece for **Forbes,** [covered](https://www.forbes.com/sites/digital-assets/2024/07/03/trump-sparks-talks-of-bitcoin-as-a-strategic-reserve-asset/?ref=cms.perception.to) Trump sparking talks of Bitcoin as a strategic reserve asset, offering a neutral perspective on the implications of such discussions. - **Veronica Irwin** from **Forbes** [examined](https://www.forbes.com/sites/veronicairwin/2024/07/03/where-the-top-six-potential-biden-replacements-land-on-crypto/?ref=cms.perception.to) where the top six potential Biden replacements stand on crypto, providing a neutral viewpoint on the political landscape. - **Eleanor Terrett** from **Fox News** [reported](https://www.foxbusiness.com/markets/ro-khanna-crypto-roundtable-seeks-industry-inroads-white-house-democrats?ref=cms.perception.to) on Ro Khanna's crypto roundtable seeking industry inroads for the White House and Democrats, presenting a neutral sentiment toward the event. * * * ## Security and Fraud Issues ![](https://cms.perception.to/content/images/2024/07/Screenshot-2024-07-07-at-8.01.29-PM.png) The week was full of media reports of elaborate scams, with allegations of fraud within major crypto companies, like Tether-backed Northern Data, and the recovery of stolen bitcoin mining equipment. The sentiment across this coverage is predominantly negative, of course, but what's notable is how certain media outlets who almost never cover Bitcoin stories are making their voices heard when it comes to highlighting the security and fraud issues in the cryptocurrency space. These outlets are **Daily Mail, Global News**, and **Los Angeles Times**. **Key Points:** - **Claire Elliot** from **Daily Mail** [reported](https://www.dailymail.co.uk/news/article-13597447/Parents-conned-large-sums-cyber-attack-prestigious-Scots-private-school.html?ref=cms.perception.to) on parents being conned out of large sums in a cyber attack on a prestigious Scots private school, - **Bryce Elder** from **Financial Times** [highlighted](https://www.ft.com/content/18cf9179-b7e1-49cd-badf-da7848147244?ref=cms.perception.to) allegations of fraud at Tether-backed crypto group Northern Data, - **Doyle Potenteau** from **Global News** [covered](https://globalnews.ca/news/10607580/kelowna-scam-fake-police-phone-call/?ref=cms.perception.to) an Okanagan resident falling prey to an elaborate scam involving a fake police phone call. - **Sandra McDonald** from **Los Angeles Times** [reported](https://www.latimes.com/california/story/2024-07-01/police-recover-579000-in-stolen-bitcoin-mining-computers?ref=cms.perception.to) on the recovery of stolen bitcoin mining computers worth $579,000. * * *