Summary of key events in January:
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#Finance and Economy
1-3 FTX Compensation
FTX will begin to repay $16 billion in cash, with claims processing starting on January 3, 2025. This compensation is based on the Chapter 11 reorganization plan approved by the court, aimed at providing redress to customers and creditors affected by the FTX collapse.
2-9 Interest Rate Meeting
The Federal Open Market Committee (FOMC) will hold an interest rate meeting to discuss and formulate monetary policy.
3-10 Non-Farm Data
The U.S. Department of Labor will release the non-farm employment data for January, which is an important indicator of the state of the U.S. job market and has a significant impact on the market.
4-15 CPI Data Release
The U.S. Department of Labor will publish the Consumer Price Index (CPI) for January, which is a key data point for measuring inflation levels.
5-30 Interest Rate Decision Release
The Federal Reserve will release an interest rate decision following this meeting, determining whether to adjust the federal funds rate.
Technology and Aerospace
6-11 Seventh Starship Launch
SpaceX plans to conduct the seventh test flight of Starship on January 11, 2025, which will release a payload for the first time, preparing for the launch of the next generation of Starlink.
Politics
7-20 Presidential Inauguration
Donald Trump will be sworn in as President of the United States on January 20, 2025, in Washington.
Fintech
8-25 X Opens DOGE Payment
The X platform plans to enable Dogecoin (DOGE) payment functionality on January 25.
9-26 X Opens BTC Payment
Following that, on January 26, the X platform will also enable Bitcoin (BTC) payment functionality.