Shiba Inu's Billion-Dollar Surge: Binance Sees Massive SHIB Trading Spike

379.27 Billion Shiba Inu Stuns World's Largest Crypto Exchange

A remarkable volume of 379.27 billion Shiba Inu (SHIB) tokens was recorded on Binance, the world's largest cryptocurrency exchange by trading volume. This surge in activity coincided with a notable price increase for SHIB, which saw its value rise by over 5% to $0.0000244 within just 24 hours. The cumulative trading volume also soared significantly to reach $761.8 million.

The heightened trade activities have sparked optimism among investors and analysts alike who view this as an impressive rebound from previous lows around $0.00002319. Despite still being below last month's peak at $0.00003215, experts suggest that if SHIB breaches the key resistance level of $0.000025, it could gain further bullish momentum fueled by increased trading activity such as seen on Binance (U.Today).

FTX Resumes Customer Repayment for Convenience Class

The defunct cryptocurrency exchange FTX has resumed customer repayments targeting those classified under 'convenience class'. As part of their reorganization plan initiated on January 3rd following bankruptcy proceedings since November 2022, creditors holding claims less than $50k are prioritized initially during distribution phases starting Friday onwards.

This marks significant progress amidst ongoing legal processes where claimants must fulfill KYC requirements alongside submitting tax forms before choosing preferred service providers like Kraken or BitGo available exclusively now until the January 20th deadline approaches, ensuring timely reimbursements totaling up to $1 billion, plus incentives included. Interestingly enough, these convenience-class members will receive approximately 119% repayment based on asset values calculated back when initial filings occurred according to court rulings made earlier last year (The Crypto Basic).

Binance Granted Broker-Dealer License in Brazil After Acquisition

The Central Bank of Brazil has granted Binance a broker-dealer license following its acquisition of Sim;paul Financial Services Firm — marking another milestone achievement as the globally renowned crypto platform continues expanding its regulatory compliance footprint across multiple jurisdictions worldwide, including Argentina, India, Kazakhstan, Indonesia, Dubai, France, Japan, El Salvador, etc. Recently announced strategic senior hires are bolstering an already robust team dedicated to driving growth responsibly while maintaining the highest standards possible industry-wide today!

This development comes months after former CEO Changpeng Zhao stepped down amid US Justice Department charges related to anti-money laundering violations. However, subsequent releases by both him and executive Tigran Gambaryan in Nigeria indicate a positive direction forward, despite lingering regional challenges. Overall, the outlook remains optimistic given recent successes achieved in various markets served presently (The Daily Hodl).

Crypto-Focused ETFs ‘The Hot Thing’ in 2025

Crypto-focused Exchange Traded Funds (ETFs) continue gaining traction heading into the new year, with more than a dozen proposals submitted to the Securities & Exchange Commission seeking approval to launch innovative products designed to incorporate digital assets into portfolios effectively and efficiently. The scale of potential impact on the broader investment community is eagerly anticipated as upcoming developments unfold on the near future horizon.

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