What Happened in Crypto Today: 13 January Latest Crypto News Highlight
FTX to Distribute $1.2B to Creditors by January 20
FTX plans to distribute $1.2 billion in repayments to creditors, starting after Jan. 20, the deadline for users owed up to $50,000 to meet pre-distribution requirements. This date aligns with Donald Trump’s inauguration, sparking hopes for regulatory clarity and potential acceptance of the Bitcoin Act. Industry watchers predict FTX repayments and regulatory shifts could drive Bitcoin to $200,000 in 2025, boosting the crypto market. The process follows years of restricted access for former FTX users.
Pi Network Mainnet Migration & Scam Prevention Tips
Pi Network urges its 15M users to complete KYC, liveness checks, and token acknowledgments by January 31, 2025, to migrate to the mainnet. With over 9M migrations done, users must use the official Pi Browser for wallet access and avoid scams by relying on verified Pi channels. Popular in Asia, Pi Network warns against fake wallets and emphasizes securing accounts. The project highlights its progress and milestones while maintaining vigilance against fraud amidst its growing popularity.
Bitcoin ETFs Surge While Ethereum ETFs Struggle
Bitcoin spot ETFs saw a strong net inflow of $307M from January 6-10, with BlackRock’s IBIT leading at $498M, despite ARKB’s $202M outflow. Ethereum ETFs faced a $186M net outflow, though ETHA gained $124M. Bitcoin ETFs had a cumulative inflow of $36.22B, while Ethereum ETFs recorded $2.45B. Bitcoin’s price reached $93,414.69, and Ethereum’s dropped to $3,189.99. Bitcoin ETFs outperformed Ethereum ETFs, highlighting volatility in Ethereum investments and stronger confidence in Bitcoin.
Shiba Inu TREAT Airdrop: Steps and Rewards Detailed
Shiba Inu’s TREAT airdrop runs from January 10-14, 2025, for KYC-verified users on KuCoin, Gate.io, and Bitget. Participants must submit their exchange user ID and TREAT deposit address on Shiba Inu’s official airdrop platform to claim tokens. U.S. residents are excluded. A special Bitget promo offers $5-$100 in TREAT for early claimants, with a $200K reward pool on a first-come, first-served basis. Users should avoid unauthorized links to prevent scams. Trading begins January 14 at 11:00 AM UTC.
Bitcoin Bullish Outlook Amid Macro Setbacks: Grayscale
Bitcoin’s price dipped below $92,000 on Jan. 13 due to a strong U.S. dollar and delayed rate-cut expectations. Grayscale maintains a bullish outlook, expecting regulatory reforms under Trump’s presidency to favor the crypto industry. Analysts predict institutional adoption, fueled by Bitcoin ETFs surpassing $100 billion, will drive prices higher. Sygnum Bank and Steno Research anticipate unprecedented demand and favorable regulations to push Bitcoin to new highs, despite temporary macroeconomic pressures.
Also read:
Zoo Riddle of the Day 14 January 2025: Boost Your Earning
