đEid Mubarak to everyone! May this blessed day bring peace, joy, and countless blessings to you and your loved ones. đ⨠$MASK $TIA $DOGE #TrumpVsMusk #MarketPullback
Not yet get despite claiming due to exchange jurisdiction, will they give
Reyes Galm oJvc
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#FTXRefunds After a long wait, FTX has begun its repayment process to customers! The first distributions, primarily for "convenience class" creditors (those with claims under $50,000), started around February 2025.
Key details:
Payouts are in USD, based on crypto values from November 2022 (when FTX collapsed).
Big news, FTX users are finally seeing refunds hit their accounts! đđ¸ According to Reddit reports, creditors with claims under $50K are getting their money back via Kraken. $BTC
đ° Whereâs the Money Going?
đš So far, $800M out of a $1.2B payout has been sent â
đš 162,000 accounts paidâbut thatâs just 35% of the 460,000 claims đ¤Ż
đš Split 50/50: Half goes to OG FTX users, half to debt buyers who bought claims at a discount đ¸đ
đł Howâs the Payment Happening?
đš Funds are moving through BitGo & Kraken đź
đš Expect 1-3 business days for transfers âł
đš FTX set aside $7B for this phase, aiming for a $17B total refund đ°đ
đ FTX Recovery Rates
â Claims add up to $11.75B
â 100-142% recovery for secured/customer claims đ
â 123-138% overall recovery ratesâway higher than expected! đĽ
đ Market Impact?
đš Some creditors cashing out ASAP đđ¨
đš Others holding or reinvestingâcould shake up the market! đđ
đš FTT token on watch as funds move đđ
â ď¸ Lesson Learned? Self-custody is king! đđ
Crypto advocate Mr. Purple warns: "Keeping funds on CEXs is a risk. Self-custody is the only real ownership!" đđ
đĽ And what about SBF?
đš Sam Bankman-Fried got 25 years in prison in March 2024 âď¸đ
đš His lawyers are appealing, and his parents want Trump to pardon him đł
đš This comes after Trump already pardoned Silk Roadâs Ross Ulbricht đ¤Ż
đ Crazy times for crypto! Will FTX creditors reinvest or walk away forever? đ¤đ¸
đĽ Can Pi Coin reach $20 when listed on Binance? đĽ
Pi is already available on some major exchanges, but it hasnât been listed on Binance yet. Many Pioneers believe that once Pi is officially listed on Binance, its price will surge! What do you think?
đ A. YES â Pi has a strong community, and a Binance listing could push it to $20!
đ B. NO â The market needs time to determine Piâs true value.
Pi network mainnet will be publicly launched on February 20, 2025. Pi pioneers are most concerned about the price of Pi after the mainnet is launched. The following are various predictions that can be found at present, which I believe can satisfy everyone's curiosity. Here they are, take your pick.
CoinCodex predicts that the price of Pi could rise by 229.53% and reach $140.47 by March 10, 2025. If this trend continues, by the end of 2025, PI might reach $202.45, suggesting a 322.28% ROI. StormGain anticipates that if Pi Network expands its ecosystem, the token might be worth around $73 by the end of 2025. CryptoTimes suggests that Pi Coin could see a surge, potentially reaching $100 if the mainnet launch proceeds as planned. CoinPedia predicts a high of $80 in 2025, though it warns of potential lows at $10 if there's significant bearish pressure or liquidation. CCN, after the announcement of the open mainnet launch date, Pi Coin's price surged by 70%, reaching $92. Analysts suggest it could go beyond $100. Coingape indicates that Pi coin could see a significant increase post-launch, with some analysts predicting it could hit $100 soon after if the market conditions are favorable. Medium estimates for 2025 range from $5 to $10, depending on successful integration and adoption post-mainnet. BitcoinWorld's optimistic forecasts place Pi Coinâs value at $100 to $300 driven by widespread adoption, while conservative estimates suggest $20 to $50. Posts on X and Pi community Some users predict a stabilization around $30 per PI, with increases to $50 or $80 by year's end. Other predictions range from very conservative estimates like $0.05 or $0.5 due to high supply to more optimistic views of $3 to $5 or even $15 to $25. And then we have GCV price of $314,159 and very early price picks of $314, $6700 and $10,000.
These predictions are speculative and based on current market sentiment, the expected utility of Pi Network post-mainnet, and historical precedents with other token launches. However, the actual price will be influenced by numerous factors including user adoption, the success of the mainnet transition, regulatory news, and the broader crypto market conditions. Remember, cryptocurrency investments carry significant risk, and past performance does not guarantee future results.
đ¨ Will the U.S. Go Full Bitcoin? đ¨ Crypto Czar David Sacks has confirmed that Bitcoin reserves are now a top priority for the government task force, signaling a major step forward in the U.S.âs crypto journey. đŞ While things are still in early stages, bipartisan lawmakers are coming together to form a crypto regulatory task force that could shape how BTC is treated at the federal level.
Will Bitcoin be a fixture in the U.S. financial system, or will this just be a passing trend?Â
Create a post with #USBitcoinReserves OR $BTC Coinpair to earn Binance points. (Press the â+â on the homepage and click on Task Center)
Activity period: 2025-02-05 08:00 (UTC) to 2025-02-06 08:00 (UTC)
Remember points rewards are first come first serve so be sure to claim your points daily!Â
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