Friday Forecasts: 01/08/25

Your weekly pulse on markets, narratives, protocols, and policy.

Market Pulse

Bitcoin grabs $115K liquidity as whale bets on $200K BTC price by year-end

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD slicing through nearby resistance to hit $114,960.

As Cointelegraph reported, the move sparked massive long liquidations across Bitcoin markets, totaling $130 million in the past 24 hours.

Related: Bitcoin consolidation expected to end with impulse move to $135K: Data

Monitoring resource CoinGlass showed liquidity being replenished lower down on exchange order books.

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BlackRock’s ETHA Ethereum fund becomes third-ever ETF to hit $10 billion in assets within one year

BlackRock’s Ethereum exchange-traded fund, ETHA, is the third-ever ETF to hit $10 billion in assets under management in one year or less, according to Bloomberg ETF Senior Analyst Eric Balchunas. In an X post on Thursday, Balchunas noted that the only other two funds to reach this milestone in a similar timeframe have been BlackRock and Fidelity’s Bitcoin funds.

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Narratives to Watch

Ripple co-founder under fire for $175M XRP transfers amid dumping accusation

Since July 17, Ripple co-founder Chris Larsen has moved 50 million XRP, worth approximately $175 million, to exchanges, according to Blockchain security sleuth ZachXBT. Netizens are bashing the 65-year-old Silicon Valley business executive, who is being accused of insider trading with Ripple.

Blockchain ZachXBT, in an X post on Thursday, revealed that the large volume of XRP was distributed to four separate wallet addresses. Roughly $140 million of the total amount appears to have ended up at exchanges or services.

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Tom Lee’s BitMine Now Largest Corporate Ethereum Treasury With $2.1 Billion in ETH

BitMine Immersion Technologies’ Ethereum token holdings have reached $2.1 billion, according to a Thursday statement from the company. It is the largest corporate Ethereum treasury.

The cryptocurrency mining firm holds 566,776 ETH, the most of any treasury company, according to data available from Ethereum treasury firms.

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Protocol Watch

Sui is Now Available on Fireblocks, Advancing Institutional Access to DeFi and Staking

Sui, a L1 chain specialized for rapid and low-cost transactions, is now available on Fireblocks, one of the major platforms for virtual currency infrastructure.

This alliance is a huge milestone in SUI’s adoption, making it easier than before for institutions to develop, manage, and use real-world payment solutions backed by the virtual currency.

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Solana Targets Major Performance Boost With New Upgrade

Solana developers have proposed a network upgrade that would raise the blockchain’s compute power by 66%, enabling faster throughput and greater capacity for resource-intensive applications.

The plan, known as SIMD-0286, would increase the compute unit (CU) limit per block from 60 million to 100 million.

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REX-Osprey’s Solana staking ETF to pass on 100% of rewards to shareholders as it integrates JitoSOL

REX-Osprey’s Solana staking exchange-traded fund has integrated staking rewards through a partnership with JitoSOL, the leading liquid staking token on Solana. This makes it the first and only crypto ETF to offer staking rewards to U.S. investors, according to an announcement on Thursday.

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Regulatory Radar

FTX to Resume Creditor Payouts on Sept 30, 2025, With $1.9B Approved Following $4.3B Disputed Claims Reduction

FTX is set to resume creditor payouts on September 30, 2025, with $1.9 billion approved for the next distribution round, following a reduction in disputed claims reserves from $6.5 billion to $4.3 billion. This marks the third phase of the exchange’s broader repayment plan, which aims to return between $14.7 billion and $16.5 billion to creditors. To date, FTX has already disbursed $6.2 billion in two prior rounds—$1.2 billion in February and $5 billion in May—bringing total recoveries to $8.1 billion [1]. The court-approved funds will be distributed to verified claimants in Classes 5 (Customer Entitlement Claims), 6 (General Unsecured Claims), and certain Convenience Claims, with a record date of August 15, 2025, for eligibility [2].

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‘Largest’ volume skew for ETH confirms pivot to altcoins: Glassnode

Ether’s open interest dominance has also climbed to nearly 40%, the highest level since April 2023. Historically, only around 5% of days have seen a higher reading, suggesting that traders are increasingly positioning around ETH rather than BTC. This increases the probability of a growing appetite for risk and continued capital rotation into altcoin markets.

Moonrig Perspective

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