FTX to Send $1.2B Back to Creditors by January 20
FTX announced that it will disburse $1.2 billion in repayments to creditors, starting after January 20, 2025. Users owed up to $50,000 must complete pre-distribution requirements by this deadline. The repayments are expected to create a positive trend in the crypto market, especially as they coincide with potential regulatory changes under the Bitcoin Act. Industry experts predict that these changes may propel Bitcoin to new heights, with some even forecasting a $200,000 price by 2025, which could continue fueling market growth.
Pi Network Mainnet Migration & Scam Prevention Tips
The Pi Network is urging its 15 million users to complete KYC (Know Your Customer), liveness checks, and token acknowledgments before January 31, 2025, in order to successfully migrate to its mainnet. Over 9 million migrations have already been completed. The network also warns users to only access the wallet through the official Pi Browser to avoid scams. As the migration process accelerates, particularly in Asia, the network emphasizes the importance of using verified channels to prevent fraud during this crucial stage.
Bitcoin ETF Surges, Ethereum ETF Struggles
In the week of January 2025, Bitcoin ETFs saw a massive net inflow of $307 million, with BlackRock’s IBIT ETF leading at $498 million. In contrast, Ethereum ETFs experienced a net outflow of $186 million, despite ETHA adding $124 million. This trendz highlights a growing belief in Bitcoin, especially as its price rose to $93,414.69, while Ethereum’s price dropped to $3,189.99, solidifying Bitcoin’s dominance in the ETF market.
Shiba Inu TREAT Airdrop: Steps and Rewards Detailed
The Shiba Inu TREAT Airdrop is live for KYC-verified users on exchanges like KuCoin, Gate.io, and Bitget from January 10-14, 2025. Participants must submit their exchange user ID and TREAT deposit address on the official airdrop platform to claim their tokens. A $200K reward pool is available, with bonuses ranging from $5 to $100 for early claimants. However, U.S. residents are excluded. Trading for TREAT tokens begins on January 14 at 11:00 AM UTC. Users are reminded to be cautious of unauthorized links to avoid scams.
Bitcoin Bullish Outlook Amid Macro Setbacks: Grayscale
Despite Bitcoin falling below $92,000 on January 13, largely due to a strong U.S. dollar and delayed expectations for rate cuts, Grayscale remains bullish on Bitcoin. The company anticipates favorable regulations under a potential Trump presidency, which could benefit the crypto space. Analysts from Sygnum Bank and Steno Research also believe that there will be unprecedented demand and favorable regulations, predicting that Bitcoin could exceed $100 billion in ETF investments and potentially reach all-time highs, overcoming short-term macroeconomic challenges.
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