Pi Network price went parabolic in a high-volume environment, making it one of the top-performing coins. The Pi Network (PI) token jumped by over 45%, reaching a high of $0.75, its highest point since March 31. This surge happened as…

Pi Network price goes parabolic as wedge pattern activates

Nearly 400,000 creditors of the bankrupt cryptocurrency exchange FTX risk 
missing out on $2.5 billion in repayments after failing to begin the mandatory 
Know Your Customer (KYC) verification process.
Roughly 392,000 FTX creditors have failed to complete or at least take the 
first steps of the mandatory Know Your Customer verification, according to an 
April 2 court filing in the US Bankruptcy Court for the District of Delaware.
FTX users originally had until March 3 to begin the verification process to 
collect their claims.
&#8220;If a holder of a claim listed on Schedule 1 attached thereto did not commence 
the KYC submission process with respect to such claim on or prior to March 3, 
2025, at 4:00 pm (ET) (the &#8220;KYC Commencing Deadline&#8221;), 2 such claim shall be 
disallowed and expunged in its entirety,&#8221; the filing states.
_FTX court filing. Source:__Bloomberglaw.com_
The KYC deadline has been extended to June 1, 2025, giving users another 
chance to verify their identity and claim eligibility. Those who fail to meet 
the new deadline may have their claims permanently disqualified.
According to the court documents, claims under $50,000 could account for 
roughly $655 million in disallowed repayments, while claims over $50,000 could 
amount to $1.9 billion &#8212; bringing the total at-risk funds to more than $2.5 
billion.
_FTX court filing, estimated claims. Source:__Sunil_
The next round of FTX creditor repayments is set for May 30, 2025, with over 
$11 billion expected to be repaid to creditors with claims of over $50,000.
Under FTX&#8217;s recovery plan, 98% of creditors are expected to receive at least 
118% of their original claim value in cash.
_**Related:**__**FTX liquidated $1.5B in 3AC assets 2 weeks before hedge fund 
&#8216;s collapse**_
## How FTX users can complete KYC
Many FTX users have reported problems with the KYC process.
However, users who were unable to submit their KYC documentation can resubmit 
their application and restart the verification process, according to an April 
5 X post from Sunil, FTX creditor and Customer Ad-Hoc Committee member.
_FTX KYC portal. Source:__Sunil_
Impacted users should email FTX support (support@ftx.com) to receive a ticket 
number, then log in to the support portal, create an account, and re-upload 
the necessary KYC documents.
_**Related:**__**Crypto trader turns $2K PEPE into $43M, sells for $10M 
profit**_
FTX&#8217;s Bahamian subsidiary, FTX Digital Markets, processed the first round of 
repayments in February, distributing $1.2 billion to creditors.
The crypto industry is still recovering from the collapse of FTX and more than 
130 subsidiaries launched a series of insolvencies that led to the industry&#8217;s 
longest-ever crypto winter, which saw Bitcoin&#8217;s (BTC) price bottom out at 
around $16,000.
While not a &#8220;market-moving catalyst&#8221; in itself, the beginning of the FTX 
repayments is a positive sign for the maturation of the crypto industry, which 
may see a &#8220;significant portion&#8221; reinvested into cryptocurrencies, Alvin Kan, 
chief operating officer at Bitget Wallet, told Cointelegraph.
_**Magazine:**__**XRP win leaves Ripple a &#8216;bad actor&#8217; with no crypto legal 
precedent set**_

Nearly 400,000 FTX users risk losing $2.5 billion in repayments

Kushki, an Ecuador-based fintech company, has revealed that more than half of 
all centennials in Chile use digital means to settle their payments and are 
knowledgeable about crypto and its uses. Centennials in Chile Are Familiar 
With Digital and Crypto Settlements Latam is quickly leaning towards tech- 
based and digital settlement platforms, including fiat and crypto […]

Report: Gen Z in Chile Is Mostly Digital and Crypto-Native

Despite a widespread weekly gain in the crypto market, Chainlink (LINK) 
remains under significant bearish pressure printing losses across multiple 
time frames. Since hitting a local price peak of $29.28 in December, the 
altcoin has slipped into a downtrend losing over 56% since then. Amid this 
negative performance, top crypto analyst Ali Martinez postulates LINK could 
soon experience some short-term price gain. Related Reading: Massive Chainlink 
Demand Wall At $6.26 As 90K Investors Buy 376M LINK LINK Recovery Depends On 
Critical Trendline Support In a recent post on X, Martinez shares a positive 
technical outlook on LINK hinting the altcoin is likely to experience an 
upswing. This price forecast is based on a crucial ascending trendline that 
has acted as price support since mid-2023, ensuring a consistent formation of 
higher lows and higher highs. Based on the trading chart by Martinez, 
Chainlink is currently heading for a retest with the identified trendline near 
the 0.5 Fibonacci retracement level at $12.00. If LINK bulls can induce a 
sufficient surge in demand at this level, the following price bounce could 
ignite a bullish reversal. Looking at historical price patterns, such a price 
rally could drive Chainlink’s price to around $19, which represents the next 
resistance zone. In the presence of robust buying pressure, the altcoin could 
even rise as high as $30 suggesting a potential 147% price increase on current 
market prices. On the other hand, a failure to stay above $12.00 would cause 
an initial price decline to around $10.00, with the potential to trade as low 
as $5.00. Related Reading: Bitcoin Taker Buy Volume Witnesses Notable Spike — 
Is BTC Price Next? Chainlink Integrated Into PayPal’s Ecosystem In other news, 
prominent American payment platform PayPal Holdings has announced the 
inclusion of Chainlink in its crypto offerings. In a statement released on 
April 4, PayPal stated that users will now be able to buy, hold, send, and 
receive Chainlink and Solana (SOL) on both their PayPal and Venmo wallets. 
This development marks a significant step in the mainstream integration of 
LINK which is crucial to driving token demand in the future. In addition to 
both tokens, PayPal also offers users access to Bitcoin (BTC), Ethereum (ETH), 
Litecoin (LTC), and Bitcoin Cash (BCH). At press time, LINK continues to trade 
at $12.91 reflecting a 0.62% decline in the past 24 hours. On larger time 
frames, the token maintains a bearish form with losses of 5.03% and 21.81% in 
the past seven and thirty days respectively. According to data from Coincodex, 
investor sentiments in the LINK market remain highly bearish with a Fear &amp; 
Greed Index of 26 signaling near-extreme fear. However, the analysts at this 
firm foresee a price rebound similar to Martinez&#8217;s with a forecast of $15.32 
in five days and $17.46 in a month. Featured image from Virtune, chart from 
Tradingview

Chainlink (LINK) Targets Rebound To $19 — But Only If This Key Support Holds

In an announcement on social media, MMA star Conor McGregor declared his 
intention to enter the cryptocurrency scene, stating, &#8220;I changed the FIGHT 
game. I changed the WHISKEY game. I changed the STOUT game. Now it’s time to 
change the CRYPTO game.&#8221; McGregor, known for his bombastic presence in and out 
of the fighting arena, […]

MMA Star Conor McGregor is Latest Celebrity to Launch Memecoin

Renowned market analyst Egrag Crypto has shared another puzzling XRP price 
prediction stating the altcoin is at a major technical crossroads. This 
development follows a resilient price performance in the past week during 
which XRP gained by 2.07% as the broader crypto market stands bullish despite 
the announcement of new US trade tariffs. Related Reading: Cardano (ADA) At A 
Crossroads As Fibonacci Level Indicates Potential Fall To $0.42 Ascending 
Wedge Signals Incoming Volatility — Which Way Will XRP Break? In an X post on 
April 5, Egrag Crypto issued a dual price forecast on the XRP market based on 
the potential implications of a forming Ascending Broadening Wedge pattern. 
Also known as the megaphone pattern, the chart formation signals increasing 
volatility and investor indecisions. It looks like a widening triangle with 
two diverging trendlines, as seen in the chart below. The Ascending Broadening 
Wedge presents high unpredictability and offers a 70% chance of a downside 
breakout and a 30% probability of an upside breakout. However, despite this 
statistical bias, the analyst postulates the chances of an upside remain valid 
if certain conditions are met. According to the analyst, XRP must first close 
above $3.50 for a bullish scenario to start taking shape. In doing so, the 
altcoin would surpass the local peak of the current bull cycle and confirm 
intentions of an upward momentum. Following this move, XRP bulls should then 
aim for the $5 range—another key resistance level that could determine the 
asset&#8217;s next major move. Interestingly, Egrag explains that a failure to 
convincingly close above $5 would only be a critical development that 
completes the formation of the Ascending Wedge Pattern and increases the 
likelihood of a breakout. If this rejection occurs, XRP is expected to retest 
the $1.90 area and make a second push toward the $5, this time breaking 
through and closing above $6. Egrag states the breakout above $6 would 
validate the bullish run and likely spark a surge toward double-digit 
territory with a potential target at $17.50 based on the Ascending Wedge 
Pattern. However, should XRP bulls fail to meet these conditions or follow 
this sequence, the historical 70% chance of a breakdown points to a downside 
target of around $0.65. Related Reading: Ethereum, Solana And Cardano Trend 
After Crypto Crash – Here’s What You Should Know XRP Price Overview At the 
time of writing, XRP trades at $2.14 reflecting a price gain of 0.60% in the 
past day. Meanwhile, the token’s trading volume is down by 62.92% in the past 
day indicating a fall in market engagement and a declining buying pressure 
following the recent market gain. In making any significant uptrend, XRP bulls 
must first reclaim the following resistances at $2.47 and $2.61 while avoiding 
any slip below the $2 support zone. Featured image from Outlook Business, 
chart from Tradingview