FTX and its related debtors have announced that their Chapter 11 plan of reorganization will officially go into effect on January 3, 2025. This day is also the record date for initial distributions for those holding approved claims in the comfort class.

- Payments for these claims are expected to begin within 60 days of the plan’s effective date. Be sure to complete KYC and other distribution requirements, including filing tax forms. 📄

- The plan has received strong support from creditors, with an average recovery of 119% of the value of their claims. Some have even received up to 140% in cash! 💰

- FTX CEO John J. Ray III cited this as evidence of the success of the recovery efforts. “Our team has been working hard to recover billions of dollars.”

- FTX is partnering with BitGo and Kraken to distribute the funds. So make sure you complete all the steps to avoid any delays!

Let us know in the comments! Is this the right move for FTX?

Ethena Labs is launching a new stablecoin, USDtb, backed by BlackRock’s BUIDL Fund. This stablecoin is similar to USDC and USDT, but with reserves that are 90% BUIDL, making it the most BUIDL-backed stablecoin today. 🎉

USDtb provides an alternative with a different risk profile than Ethena’s USDe. During market turmoil, USDtb can be a lifesaver by serving as a reserve asset. The good news is, USDtb has passed audits by top security firms!

José Maria Macedo from Delphi Labs predicts USDtb will be the largest treasury tokenization product in a month. With USDtb, Ethena can maintain stability even when the market is not friendly.

What do you think about USDtb? Will it change the game in the stablecoin world? Let’s discuss in the comments column!

TRON is making a scene! 🎉 Imagine, in November 2024, TRON successfully processed USDT transfers worth $587.2 billion! This is a new record, you know, up from $424.4 billion in September and $489.3 billion in October.

• Previously, in July 2019, TRON could only transfer $73.8 million. But look now, it's getting even better!

Last October, the number of USDT recipients on TRON reached 10.6 million. The remittances? 9.2 million, almost beating the May record.

Why did it increase? Cheap, fast transaction fees, and efficient remittance services are the keys. TRX, TRON's native token, is also on the rise, soaring more than 160% in the past year!

What do you think? Let's discuss in the comments column!

🐱 Simon’s Cat (CAT) is soaring after Binance, the world’s largest crypto exchange, gave it extra support! 🎉

- Binance added CAT to its HODLer Airdrops program, rewarding BNB holders with free tokens. Who knows, you might be one of the lucky ones to get a share of the 1.143 trillion CAT being given away! 😺

- CAT is also listed under the “seed tag” category on Binance, meaning the project is new and innovative, but be warned, it could be riskier!

- CAT’s price immediately shot up 50%, hitting a new record high. However, like a playful cat, its price dropped slightly afterward.

- Binance previously supported CAT with a 1000CATUSDT futures contract, allowing for up to 75x leverage. But remember, with high potential returns comes high risk!

What do you think about this soaring CAT price? Are you interested in investing? Let’s share in the comments! 🗨️

**Avalanche9000: The Network Update That Shakes the Blockchain World! 🚀**

- The Avalanche Foundation has just launched their biggest network update yet, Avalanche9000, with the Etna upgrade on mainnet. It’s like replacing a car engine with a rocket, guys! 🚗💨

- This upgrade replaces the old, complicated and expensive Subnet model. Now, developers can build Layer 1 blockchains faster and cheaper, with costs down by up to 99.9%! Wow, who wouldn’t want that?

- Other new features include customizable staking mechanisms, gas fees, tokens, and compliance options. So, developers can build networks according to their needs.

- Avalanche9000 also improves interoperability between chains, so communication is smoother. The goal? Attracting more projects to their platform!

- Despite this, the price of AVAX is still calm. Maybe it’s taking it easy before it skyrockets? 🤔

What do you think about this update? Let’s discuss in the comments column!

**Lido Says Goodbye to Polygon: Liquid Staking Ends! 🎉**

- After a long discussion on the DAO forum and a vote, Lido officially announced its retirement from Polygon. LDO token holders agreed to end the operation in the next few months.

- Launched in 2021, Lido on Polygon faced challenges such as low user adoption, low rewards, and high maintenance fees. DeFi's shifting focus to zkEVM solutions also reduced demand.

- The retirement process begins on December 16, 2024, with the termination of new staking. Users must unstake MATIC before June 16, 2025. After that, withdrawals can only be made via blockchain exploration tools.

- Come on, share your thoughts in the comments! Is this the right move for Lido?

🎉 Exciting news from the crypto world! Bitcoin L2 Labs has just launched sBTC on Stacks mainnet, taking Bitcoin to a new level with DeFi features. Imagine, Bitcoin that can move freely across blockchain layers without losing its core security!

- sBTC allows you to access DeFi applications easily, thanks to the Nakamoto update that speeds up transactions and ensures 100% Bitcoin finality.
- Starting December 17, 2024, you can start depositing sBTC on Stacks, with an initial limit of 1,000 BTC to maintain liquidity.
- Withdrawals will only be available in March 2025, so be patient!
- There's an exciting prize for early participants: up to 5% annual rewards in sBTC!

What do you think about this big step for Bitcoin? Let's discuss in the comments! 🚀

**Ethereum: Big Whales Are Getting Greedier! 🐋**

- This week, Ethereum has been making a scene with big whales getting greedier! They now control 57.35% of the total ETH supply, worth around $333.1 billion. Wow, these big wallets seem to be getting more confident despite the market being shaky.

- Meanwhile, mid- and small-cap wallets have shrunk to their lowest point. Wallets with 100-100K ETH fell to 33.46%, and those under 100 ETH were at an almost four-year low of 9.19%. But don't worry, this is a long-term bullish sign, says Santiment.

- The price of ETH briefly touched $4,106 before dropping slightly to $4,020. Although still 22% below its record high, analysts say there is still room to rise!

- Let's discuss in the comments column! Is it time to buy ETH or wait?

🚀 Ripple is making a scene again! XRP price continues to skyrocket, ready to set a new record in the near future.

- On the USDT chart, XRP has shot up sharply since breaking through the 200-day moving average in early November. Although it was stuck below $3, the $2 support zone became a hero, preventing a deeper correction. The RSI is also starting to cool down, ready to fly again!

- On the BTC chart, XRP is also showing off. After breaking out of the long-term bearish trend, XRP failed to break through 2800 SAT on the first try. But don't worry, as long as the 2000 SAT support is safe, higher prices can be expected.

Curious about when XRP will break the record? Let's discuss in the comments column!

Aurora Labs has just launched TurboChain and TurboSwap, a decentralized blockchain and trading platform for the AI ​​meme coin Turbo (TURBO). What makes this interesting? TurboChain is the first AI meme coin blockchain that offers incredible speed and scalability, while TurboSwap enables trading with cross-chain liquidity. 🚀

With Aurora’s Virtual Chain technology, TurboChain allows developers to build decentralized applications that are compatible with Ethereum, Near, and more. Aurora Labs CEO Alex Shevchenko said that this is a big step towards seamless blockchain innovation.

TURBO, which was originally created from a ChatGPT prompt with a budget of $69, is now the native token on the network. Its price recently peaked at $0.014, and is currently sitting at $0.010. What do you think about the future of this AI meme coin? Let’s discuss in the comments section!

🐶 Good news for Shiba Inu lovers! A new project called Shifu has arrived in the Shiba Inu ecosystem with a total supply of 100 billion tokens. 30% of these tokens will be distributed via airdrop to the SHIB community. Who wants to be a Shifu billionaire? 😄

- To get the airdrop, make sure you have at least 100,000 SHIB and 100 BUBBLE. LEASH and BONE owners also have the opportunity to get Shifu tokens.
- Although SHIB has not skyrocketed, the large transaction volume has increased by 240% in one day! Is this a sign that the price of SHIB will soar?
- Shibarium, a layer-2 solution, continues to achieve achievements with millions of transactions. Who knows, this could be a driving factor for the price of SHIB in the future.

What do you think? Let's discuss in the comments column!

**Bitcoin: Still on the Bull Path, But Not Yet at the Peak of Euphoria! 🚀**

- Bitcoin is currently soaring above IDR 107 million, but according to Bitfinex analysts, we are still far from the peak of euphoria. Based on historical data, the crypto market is in a bull phase and could peak in Q3 or Q4 2025, about 450 days after the April 2024 halving.

- In its weekly report, Bitfinex predicts that the price of Bitcoin could reach IDR 339 million or IDR 145 million, with more moderate gains compared to the previous cycle.

- Since November 2022, Bitcoin has risen 573% from its low. Institutional demand and Bitcoin ETFs are the main drivers of this increase.

- Spot ETFs are now the dominant force in the Bitcoin market, with more than 1.13 million BTC and a cumulative inflow of more than IDR 750 trillion!

- Analysts predict that the correction in this bull cycle will remain small. In the past, the biggest correction was only 33.2% in 2017 and 27.1% in 2020.

- Although optimistic for 2025, analysts warn that the increase may not be as high as the previous cycle. Approximately, Bitcoin could reach IDR 160 million or IDR 200 million by mid-2025.

Write your opinion in the comments column! Do you agree with this prediction?

Crypto.com CEO Meets Trump, Token Price Soars!

- Crypto.com CEO Kris just posted a photo of himself with President-elect Donald Trump at X. Immediately, the price of Crypto.com's native token shot up to double digits to a ten-day peak! 🚀

- In his statement, Kris expressed his pride in being able to discuss crypto regulation with Trump. "We look forward to working with the new administration to develop clear regulations," he said.

- The token price reached $0.205 before finally stabilizing at $0.19, still up 7% in a day.

- Other rumors suggest that other crypto executives are also approaching Trump. Is this a good sign for the future of crypto in the US? Let's discuss in the comments column!

🚀 Bitcoin is making a splash again! After struggling at $94,400 last week, BTC has now shot up to new heights, hitting a peak of $107,800. Despite a slight pullback, BTC is still holding above $107,000 with a market cap of over $2.1 trillion. BTC's dominance over altcoins has also increased by almost 54%.

Ripple also made a surprise! XRP rose sharply after the announcement of the new stablecoin, surpassing USDT and returning to third place in market cap. XRP's price jumped from $2.37 to almost $2.6.

Other altcoins such as XLM and CRO also skyrocketed, rising 9% and 7% respectively. Meanwhile, ETH is back above $4,000.

What do you think about this increase? Let's discuss in the comments column!

🚀 *Bitcoin and Ripple Are Making a Scene!*

- Bitcoin (BTC) has just hit an all-time high of nearly $108,000! Analysts are optimistic that BTC could soar to $250,000 or even $500,000. Who's ready to become a sudden sultan? 😄

- Ripple's XRP is also not to be outdone, soaring more than 130% in the past month, now trading above $2.50. Some market observers are targeting a price between $5.85 and $8.76. Get ready, XRP could surprise you!

- Pi Network reminds users to only rely on official channels and use a verified Pi Wallet. The open network launch is still waiting for about a million more verifications.

What do you think? Will BTC and XRP continue to soar? Let's discuss in the comments column!

Ripple is making a splash! 🎉 Stablecoin RLUSD is set to launch today. After much speculation and attempted scams, CryptoQuant data shows that the newly minted tokens reached almost $66 million.

Interestingly, the majority of RLUSD is on the Ethereum network – $52.9 million, while only $13.3 million is on Ripple’s XRPL. Even though the stablecoin has not officially launched yet!

After getting the green light from NYDFS, Ripple announced that RLUSD will go live tomorrow. Its advisory team is also getting cooler with the presence of Raghuram Rajan and Kenneth Montgomery.

RLUSD is being touted as the “future of finance,” fully backed by US dollar deposits, government bonds, and monthly third-party audits. It is perfect for cross-border payments and DeFi integrations.

What do you think? Let’s discuss in the comments section!

Bitcoin price surged this Monday with crypto exchange volumes increasing, showing a daily green candle of +3% and a weekly spike of +10%. 🤑

BTC whale wallets are gathering more and more after Donald Trump announced plans to build a strategic Bitcoin reserve. "We're going to do something great with crypto because we want to be leaders," he said.

But could Google's super-fast quantum computing advancements shake up the blockchain paradigm?

Google just introduced the Willow quantum chip that can solve problems in 5 minutes that normally take 10 septillion years!

Is Bitcoin safe? According to the math, you don't have to worry. Even with enormous computing power, the chances of guessing a Bitcoin password are still very small.

What do you think? Is quantum computing a real threat to crypto? Discuss in the comments!

**Kraken Gets Fine, But Stays Cool! 🦑**

- The Australian Federal Court has fined Bit Trade, the Australian operator of Kraken, $8 million for offering a margin lending product without approval. Oops!

- ASIC accused Bit Trade of breaking the rules by failing to assess the suitability of the product for customers. Turns out, over 1,100 Aussie clients were affected!

- The product allowed users to invest with borrowed funds, but unfortunately without a Target Market Determination (TMD).

- ASIC stressed the importance of TMDs to protect consumers. ASIC Chairman Joe Longo called the decision an important reminder for digital asset companies.

- Kraken is disappointed, hoping for clearer crypto regulations. Let's discuss your thoughts in the comments column!

**VanEck Prediction: Crypto Skyrockets in 2025! 🚀**

- The crypto market is on the rise, apparently because of Trump's victory in the US election. Who would have thought?

- VanEck, a US investment firm, has 10 exciting predictions for next year. Get ready, BTC could reach $180K, ETH $6K, SOL $500, and SUI $10!

- Trump's pro-crypto stance means the US might make Bitcoin a strategic reserve. Wow, Bitcoin a national hero?

- Another prediction is that crypto ETP applications will be approved, including Ethereum ETP with staking. Bye-bye strict rules in the Biden era!

- Bitcoin's layer-2 network is predicted to reach 100,000 BTC in TVL. Get ready, this could be a 600% spike!

- The stablecoin market is also not far behind, predicted to skyrocket to $300 billion. Get ready, the world is becoming increasingly cashless!

- DeFi and NFT are also forecasted. DEX volume could reach $4 trillion, and NFT is back on top with $30 billion.

- What do you think? Let's share your opinions in the comments column!

Good news for crypto lovers! Starting December 17, Binance will increase the collateralization ratio for six altcoins, including Peanut the Squirrel (PNUT). 🐿️

- PNUT, the squirrel-themed meme coin that caused a stir after it entered Binance, will now have a collateralization ratio of 45%, up from 35%. Other altcoins such as 1MBABYDOGE and EIGEN will also see their ratios increase from 10% to 20%.

- This collateralization ratio is important to avoid liquidation. So, make sure you monitor the uniMMR ratio so you don't get surprised later!

- The story of PNUT begins with a pet squirrel that went viral after an incident with an officer. Even Elon Musk commented!

Curious about how this story continues? Let's discuss it in the comments column!