FTX Creditors Receive 120% Payouts on Small Claims, Partial on Large Claims

FTX’s creditor repayments are progressing almost three years after its collapse. New details have emerged, which reveal that smaller claims are receiving 120% payouts and larger ones are paid 72.5% so far. Additional distributions are planned through 2027, which aim to complete full recoveries for larger creditors. FTX Payout Progress Sunil Kavuri, the FTX creditor activist, revealed that claims under $50,000 received 120% payouts in February and May 2025, allowing smaller creditors to recover beyond their initial claims. In his latest post on X, Kavuri explained that for claims over $50,000, creditors received a 72.5% payout in May. The remaining 27.5% expected in additional distributions planned for October and December 2026, and into 2027, which will bring total recovery on larger claims to 100% of face value. Kavuri added that post-petition interest returns are estimated to range between 40% and 80%. BitGo and Kraken were the two custodians overseeing the distribution process. These payments are being made under a Chapter 11 plan, which was approved by a bankruptcy judge in Delaware last year. FTX, FTX.US, Alameda Research, and more than 100 affiliated companies sought bankruptcy protection in Delaware on November 11, 2022. After the bankruptcy filing, Sam Bankman-Fried resigned as CEO, and corporate restructuring expert John J. Ray III was appointed to lead the company. The latter had previously handled Enron’s collapse. Bankman-Fried received a 25-year sentence for defrauding customers and investors. Meanwhile, former Alameda Research CEO Caroline Ellison was sentenced to two years in federal prison. Beyond the criminal convictions of its top executives, the collapse also sparked lawsuits against celebrities and influencers who had endorsed the platform. Celebrities Largely Cleared in FTX Lawsuits In May, a US court dismissed the bulk of lawsuits brought against several celebrities and YouTubers who endorsed the crypto exchange before its collapse. Among those who benefited from the dismissal are Tom Brady, Gisele Bündchen, Kevin O’Leary, and Stephen Curry. The same cannot be said for Shaquille O’Neal. The NBA legend agreed to pay $1.8 million to settle a class-action lawsuit from investors of FTX, who alleged he misled them through his appearances in exchange advertisements. This payout is more than the $750,000 O’Neal reportedly received for the commercial. O’Neal claimed that he was only a paid actor, and would avoid admitting wrongdoing, and would also be barred from seeking reimbursement from the exchange’s bankruptcy estate if the court approves the settlement. The post FTX Creditors Receive 120% Payouts on Small Claims, Partial on Large Claims appeared first on CryptoPotato .

Read more

Bitcoin Faces Possible Further Declines Amid Soluble ETF Pullback and Market Volatility

The recent sharp decline of the soluble ETF has reignited concerns about the volatility and sustainability of crypto investment products in an unpredictable market. Despite initial enthusiasm surrounding the ETF’s

Read more

Trump eyes tariff-slashing deal with India, snubs Japan

President Donald Trump announced that the United States will likely strike a trade deal with India, though he also expressed uncertainty about a potential deal with Japan. Trump said the trade deal with India would help US companies compete in South Asia, resulting in much lower tariffs. On Air Force One, the US president anticipated that India would likely open up the markets to US companies. This would delay implementing the 26% he announced on April 2, then suspended until July 9. “Right now, India doesn’t accept anybody in. I think India is going to do that. If they do that, we will have a deal for much fewer tariffs,” he said. Bessent indicates the possibility of the US-India trade talks coming to an end US-India discussions have stalled over differences in import duties for things like auto parts, steel, and farm goods before a deadline when Trump threatens to retaliate with tariffs. In an earlier appearance on Fox News, Treasury Secretary Scott Bessent said the US and India are close to a deal that would reduce tariffs on American imports to the South Asian country and prevent India’s levies from rising sharply next week. In response to a question about progress on trade negotiations, Bessent noted that they are very close with India. In the meantime, Indian officials moved meetings with their US counterparts in Washington last week until Monday to finalize a trade deal between the US President Donald Trump’s administration. They also aimed to tackle ongoing concerns from both sides, two Indian government sources said. The Trump administration will try to secure trade deals with countries, including India, before Japan, in the days before the July 9 deadline, said a White House official familiar with the talks. Notably, India is among over a dozen countries actively discussing with the Trump team to prevent a sharp increase in tariff rates that could come as soon as July 9 after a 90-day tariff pause. India could see its new “reciprocal” tariff rate increase to 27% from 10%. In an event in New York, the Minister of External Affairs of India, Subrahmanyam Jaishankar, mentioned that they were deep into a complex trade negotiation. He expressed optimism about passing the halfway point of the talks. Jaishankar, currently in the US for a meeting with the China-focused Quad group, said he hoped they could reach a successful ending. The minister, however, expressed, “I can’t promise it will happen since there’s another party involved in the talks.” He also mentioned that both sides needed to be willing to compromise and find common ground. Trump expresses a lack of confidence in reaching an agreement with Japan Different countries have different agendas for trade deals, Bessent explained. This included Japan, which the president complained about on two consecutive days . While they were working with Japan, the US president said he was not confident they would agree. Based on his explanation, he had several doubts. He said this while heading back to Washington from a trip to Florida. Trump had said he might levy a 30% or 35% tariff on imports from Japan – far more than the 24% tariff he announced on April 2 and then deferred until July 9. He claimed that Japan was not accepting rice grown in the United States, which he called an “easy” request from Washington, even though Japan sells millions of cars in the US. “I will write them a letter expressing our gratitude. We understand they can’t provide the services we need, so we will ask them to pay 30%, 35%, or whatever percentage we decide,” Trump said. Only Britain has secured a narrow trade agreement with the Trump administration, agreeing to a 10% US tariff on many goods, including autos, in return for access to aircraft engines and British beef. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

Read more

Binance to Retain Hundreds of Remote Employees in Singapore Despite MAS Crypto Crackdown

Despite Singapore’s stringent regulatory measures targeting unlicensed crypto firms, Binance, the leading global digital asset exchange, intends to maintain a significant remote workforce within the city-state. The Monetary Authority of

Read more

Bitcoin Price Target: Bitwise Unveils Bold $200K Outlook, Cautious on ETH & SOL

BitcoinWorld Bitcoin Price Target: Bitwise Unveils Bold $200K Outlook, Cautious on ETH & SOL The cryptocurrency world is always buzzing with predictions, but when a major player like Bitwise speaks, the market listens. Recently, Bitwise Chief Investment Officer (CIO) Matt Hougan made waves by reaffirming the firm’s audacious $200,000 Bitcoin price target for 2025. This isn’t just a hopeful guess; it’s a projection rooted in what they see as undeniable market forces. But while Bitcoin enjoys this bullish spotlight, Bitwise expresses a more tempered view on the prospects of other major altcoins like Ethereum (ETH) and Solana (SOL). What drives this divergence in confidence? Let’s dive into the fascinating details of Bitwise’s latest crypto outlook. Unpacking Bitwise’s Bold Bitcoin Price Target: Is $200K Achievable? Imagine Bitcoin, the pioneering cryptocurrency, soaring to a staggering $200,000. For many, it sounds like a dream, but for Bitwise, it’s a tangible goal by 2025. Matt Hougan’s confidence stems from several powerful factors converging in the market. He points to a significant shift: the increasing legitimization of Bitcoin as a mainstream asset class. This isn’t just retail enthusiasm; it’s a structural change driven by institutional adoption. Scarcity and Demand: Bitcoin’s fixed supply of 21 million coins, coupled with rising demand, creates a classic supply-demand imbalance that favors price appreciation. Halving Impact: The recent Bitcoin halving event further reduces the supply of new Bitcoin entering the market, historically leading to upward price pressure in the months following. Macroeconomic Tailwinds: While global economic conditions remain complex, Bitcoin is increasingly viewed as a hedge against inflation and a store of value, attracting traditional investors. This long-term optimism for the Bitcoin price target stands out, especially given the market’s recent volatility. Bitwise’s conviction suggests they view current price fluctuations as temporary noise, rather than a derailment of Bitcoin’s long-term trajectory. The Surge of Institutional Bitcoin Demand: A Game Changer? The narrative around Bitcoin has dramatically shifted from a niche digital curiosity to a recognized asset class, largely thanks to the influx of institutional capital. This growing institutional Bitcoin demand is arguably the most significant catalyst underpinning Bitwise’s bullish outlook. What does this look like in practice? Spot Bitcoin ETFs: The approval and subsequent success of spot Bitcoin Exchange-Traded Funds (ETFs) in the U.S. have opened the floodgates for traditional investors to gain exposure to Bitcoin without directly holding the asset. These ETFs have seen unprecedented inflows, signaling a strong appetite from large funds, wealth managers, and even pension funds. Corporate Adoption: More corporations are exploring or already holding Bitcoin on their balance sheets, viewing it as a treasury reserve asset. Financial Product Development: Major financial institutions are building out infrastructure and offering crypto-related services, from custody solutions to derivatives, further integrating Bitcoin into the traditional financial system. This institutional embrace provides deeper liquidity, greater stability, and a stamp of legitimacy that was previously missing. It transforms Bitcoin from a speculative asset into a more mature investment vehicle, attracting capital that previously remained on the sidelines. Bitwise Crypto Outlook: A Nuanced Perspective on the Market’s Future While Bitwise’s enthusiasm for Bitcoin is clear, their broader Bitwise Crypto Outlook offers a more nuanced view of the wider altcoin market. The firm remains optimistic about the second half of 2025, driven by several overarching themes that benefit the entire crypto ecosystem, not just Bitcoin: Progressive Crypto Legislation: Clearer regulatory frameworks are emerging globally, which can provide certainty and foster innovation, attracting more mainstream participation. Growing Stablecoin Adoption: The increasing use of stablecoins for payments, remittances, and decentralized finance (DeFi) transactions signifies real-world utility and broader acceptance of digital assets. Technological Advancements: Continuous innovation in blockchain technology, scaling solutions, and new decentralized applications (dApps) continues to expand the utility and potential of the crypto space. However, within this optimistic general outlook, Bitwise draws a distinction, expressing less confidence in Ethereum and Solana reaching new all-time highs compared to Bitcoin’s projected surge. This differentiation is crucial for understanding their investment philosophy. Why a Cautious Ethereum (ETH) Forecast? Understanding the Challenges Ethereum, the second-largest cryptocurrency by market cap, is the backbone of decentralized finance (DeFi) and NFTs. Yet, Bitwise’s Ethereum (ETH) Forecast suggests a more conservative trajectory compared to Bitcoin. Why the caution? Scalability Concerns: Despite significant upgrades like the Merge, Ethereum still faces challenges with network congestion and high transaction fees during peak demand. While Layer 2 solutions exist, the base layer’s scalability remains a hurdle for mass adoption. Competition from Alt-L1s: Ethereum faces fierce competition from other Layer 1 blockchains (like Solana, Avalanche, Binance Smart Chain) that offer faster transactions and lower fees, attracting developers and users away from the Ethereum ecosystem. Regulatory Scrutiny: The regulatory status of ETH, particularly whether it could be classified as a security, remains a point of debate and potential risk, unlike Bitcoin which is largely accepted as a commodity. Dilution of Focus: While Ethereum’s ecosystem is vast, its very breadth can lead to a dilution of focus for investors who might prefer the singular, clear value proposition of Bitcoin as digital gold. This isn’t to say Ethereum won’t grow, but rather that its path to new highs might be more challenging and less direct than Bitcoin’s, facing more headwinds from competition and inherent technical limitations. The Road Ahead for Solana (SOL) Future: Navigating Volatility and Competition Solana has emerged as a formidable contender in the blockchain space, known for its high throughput and low transaction costs. However, Bitwise’s assessment of Solana (SOL) Future also carries a note of caution, similar to Ethereum, regarding its potential to reach new highs. Network Stability Issues: Solana has experienced several network outages and periods of instability in the past, which can erode user and developer confidence, despite efforts to improve resilience. Centralization Concerns: Critics often point to Solana’s relatively higher centralization compared to Bitcoin or Ethereum, particularly concerning its validator set and initial token distribution. This raises questions about long-term decentralization and security. Intense Competition: Like Ethereum, Solana is in a highly competitive race with numerous other Layer 1 and Layer 2 blockchains vying for market share in the dApp and DeFi sectors. Standing out and maintaining dominance is a continuous challenge. Tokenomics and Inflation: While SOL has a strong community, its tokenomics and inflationary schedule can also influence its price trajectory, potentially creating selling pressure. For Solana, overcoming these challenges and consistently demonstrating reliability and true decentralization will be key to unlocking its full potential and sustaining long-term growth. Beyond the Forecasts: Navigating Crypto Market Dynamics It’s essential for investors to understand that while expert forecasts like Bitwise’s provide valuable insights, the cryptocurrency market remains inherently volatile and subject to rapid shifts. The optimism for H2 2025, driven by factors like legislation and stablecoin adoption, paints a promising picture for the broader market. However, the distinction between Bitcoin and altcoins highlights a critical aspect of crypto investing: not all digital assets move in lockstep, and their individual fundamentals and market narratives play a significant role in their performance. Actionable Insights for Your Crypto Portfolio Given Bitwise’s insights, what does this mean for you as an investor? Here are some actionable takeaways: Consider Bitcoin as a Core Holding: Bitwise’s strong conviction in Bitcoin, backed by institutional demand, suggests it could be a foundational asset in a diversified crypto portfolio. Evaluate Altcoins with Caution: While Ethereum and Solana offer immense technological potential, their paths to new highs might be more complex. Thorough research into their specific challenges, competitive landscape, and regulatory risks is paramount. Diversification is Key: Don’t put all your eggs in one basket. A balanced portfolio across different asset classes and crypto categories can mitigate risk. Stay Informed on Legislation: Regulatory clarity is a significant tailwind. Keep an eye on developments in crypto legislation as it can profoundly impact market sentiment and adoption. Long-Term Perspective: The $200,000 Bitcoin target is for 2025. Crypto investing often rewards a long-term view, weathering short-term volatility for potential long-term gains. Conclusion: Bitwise’s Vision for a Transformative Crypto Future Bitwise’s latest outlook provides a compelling roadmap for the coming years in the crypto space. Their unwavering confidence in a $200,000 Bitcoin price target , fueled by surging institutional Bitcoin demand, paints a powerfully optimistic picture for the original cryptocurrency. Simultaneously, their more cautious stance on the immediate prospects for Ethereum (ETH) and Solana (SOL) reaching new highs serves as a reminder that the crypto market is not a monolith; each asset has its unique set of opportunities and challenges. As the industry matures, driven by clearer legislation and stablecoin adoption, understanding these nuanced perspectives from experts like Bitwise will be crucial for navigating the transformative journey ahead. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin and Ethereum institutional adoption. This post Bitcoin Price Target: Bitwise Unveils Bold $200K Outlook, Cautious on ETH & SOL first appeared on BitcoinWorld and is written by Editorial Team

Read more

SEC’s New Guidelines May Accelerate Bitcoin ETF Listings and Institutional Access Opportunities

The U.S. Securities and Exchange Commission (SEC) has introduced comprehensive guidelines for cryptocurrency ETF issuers, marking a significant regulatory advancement in the digital asset space. These new directives streamline the

Read more

Deutsche Bank Takes Bold Step into the Crypto Market

Deutsche Bank to launch crypto custody service by 2026 in collaboration with Bitpanda. This move anticipates boosting competition in Europe’s crypto management sector. Continue Reading: Deutsche Bank Takes Bold Step into the Crypto Market The post Deutsche Bank Takes Bold Step into the Crypto Market appeared first on COINTURK NEWS .

Read more

R0AR’s $1R0R Token Roars onto MEXC Exchange, Expanding DeFi Accessibility

July 2nd, 2025 – Sheridan, Sheridan R0AR , a decentralized finance (DeFi) platform, has announced the listing of its native token, $1R0R, on the cryptocurrency exchange MEXC . This milestone marks a significant step in making $1R0R more accessible to traders worldwide, following its successful debut on BitMart just weeks ago. The $1R0R token, built on the Ethereum ERC-20 network, powers R0AR’s unified ecosystem, which includes the R0AR Wallet, R0ARchain (a high-speed, low-cost Ethereum Layer 2), and the upcoming AI-driven R0ARacle. This listing on MEXC, known for its high liquidity and user-friendly platform, enables both new and seasoned investors to trade $1R0R with ease, unlocking opportunities for staking, farming, and advanced trading insights. Key Highlights of the MEXC Listing: Trading Pair: $1R0R/USDT, offering seamless trading with high liquidity. https://www.mexc.com/exchange/1R0R_USDT?_from=search Availability: Trading is live as of June 27, 2025, with deposits and withdrawals fully supported. Accessibility: MEXC’s global reach, serving over 40 million users across 170+ countries, ensures $1R0R is available to a diverse audience. Community Focus: R0AR’s community-driven approach empowers users with institutional-grade tools without complexity, delivering privacy and control. “This listing on MEXC is a game-changer for R0AR and our community,” said Dustin Hedrick, Co-Founder & CTO for R0AR. “By partnering with one of the world’s leading exchanges, we’re making DeFi smarter, safer, and more inclusive. We invite everyone to join the R0AR movement and trade $1R0R on MEXC today.” MEXC’s reputation for rapid token listings and deep liquidity makes it an ideal platform for $1R0R’s global expansion. According to recent reports, MEXC leads the industry with over 461 spot listings and a trading volume exceeding $2 billion daily, ensuring robust market access for $1R0R. Users Can Get Started: Signing up on MEXC, completing KYC, and starting trading $1R0R today at https://www.mexc.com/exchange/1R0R_USDT?_from=search . What’s Next for R0AR The MEXC & BitMart CEX listings are just the start. R0AR’s roadmap includes the following: Full Platform Launch: An all-in-one dashboard for staking, farming, and liquidity management. r0arplatform.io R0ARacle Activation: Real-time AI-powered market insights to rival institutional tools. Expanded Listings: More CEX & DEX partnerships to broaden access from current CEXs-MEXC, BitMart DEXs-Uniswap, Pancake, sushi, & balancer Innovations: NFT integrations and tokenized real-world assets (RWAs). “We’re building the future of DeFi with our community,” Dustin Hedrick, Co-Founder & CTO. “This is your platform, your token, your moment.” R0AR Platform: https://www.r0ar.io/platform . How to use the r0ar Platform : https://www.youtube.com/playlist?list=PL9NGvnQ0OI2FM2VTtZrjqnxxgdKvz62F- R0AR Homepage: https://www.r0ar.io/ Telegram: https://t.me/r0ar_community X: https://x.com/th3r0ar About R0AR R0AR is a trailblazing DeFi platform designed to make decentralized finance intuitive, secure, and powerful. With a unified ecosystem featuring the R0AR Wallet, R0ARchain, and the forthcoming R0ARacle, R0AR empowers users with seamless access to staking, farming, and advanced trading tools. Users can join the movement at r0ar.io . About MEXC Founded in 2018, MEXC is a global cryptocurrency exchange serving over 40 million users in 170+ countries. Known for its low fees, high liquidity, and frequent token listings, MEXC is committed to being “Your Easiest Way to Crypto.” Contacts Chief Technology Officer Dustin Hedrick r0ar contact-us@r0ar.io Chief Development Officer Brandon Billings r0ar contact-us@r0ar.io This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on X Facebook Telegram Check out the Latest Industry Announcements The post R0AR’s $1R0R Token Roars onto MEXC Exchange, Expanding DeFi Accessibility appeared first on The Daily Hodl .

Read more

SEC Clears Grayscale Digital Large Cap Fund for NYSE Arca ETF Listing

The SEC has approved NYSE Arca’s listing of a Grayscale large-cap fund holding bitcoin, ether, solana, XRP, and cardano, expanding regulated access to leading digital assets. SEC Approves Rule Change for Grayscale Crypto Fund Listing on NYSE Arca The U.S. Securities and Exchange Commission (SEC) on July 1 approved a rule change enabling the conversion

Read more

R0AR’s $1R0R Token Roars onto MEXC Exchange, Expanding DeFi Accessibility

Sheridan, Sheridan, July 2nd, 2025, Chainwire R0AR , a decentralized finance (DeFi) platform, has announced the listing of its native token, $1R0R, on the cryptocurrency exchange MEXC . This milestone marks a significant step in making $1R0R more accessible to traders worldwide, following its successful debut on BitMart just weeks ago. The $1R0R token, built on the Ethereum ERC-20 network, powers R0AR’s unified ecosystem, which includes the R0AR Wallet, R0ARchain (a high-speed, low-cost Ethereum Layer 2), and the upcoming AI-driven R0ARacle. This listing on MEXC, known for its high liquidity and user-friendly platform, enables both new and seasoned investors to trade $1R0R with ease, unlocking opportunities for staking, farming, and advanced trading insights. Key Highlights of the MEXC Listing: Trading Pair: $1R0R/USDT, offering seamless trading with high liquidity. https://www.mexc.com/exchange/1R0R_USDT?_from=search Availability: Trading is live as of June 27, 2025, with deposits and withdrawals fully supported. Accessibility: MEXC’s global reach, serving over 40 million users across 170+ countries, ensures $1R0R is available to a diverse audience. Community Focus: R0AR’s community-driven approach empowers users with institutional-grade tools without complexity, delivering privacy and control. “This listing on MEXC is a game-changer for R0AR and our community,” said Dustin Hedrick, Co-Founder & CTO for R0AR. “By partnering with one of the world’s leading exchanges, we’re making DeFi smarter, safer, and more inclusive. We invite everyone to join the R0AR movement and trade $1R0R on MEXC today.” MEXC’s reputation for rapid token listings and deep liquidity makes it an ideal platform for $1R0R’s global expansion. According to recent reports, MEXC leads the industry with over 461 spot listings and a trading volume exceeding $2 billion daily, ensuring robust market access for $1R0R. Users Can Get Started: Signing up on MEXC, completing KYC, and starting trading $1R0R today at https://www.mexc.com/exchange/1R0R_USDT?_from=search . What’s Next for R0AR The MEXC & BitMart CEX listings are just the start. R0AR’s roadmap includes the following: Full Platform Launch: An all-in-one dashboard for staking, farming, and liquidity management. r0arplatform.io R0ARacle Activation: Real-time AI-powered market insights to rival institutional tools. Expanded Listings: More CEX & DEX partnerships to broaden access from current CEXs-MEXC, BitMart DEXs-Uniswap, Pancake, sushi, & balancer Innovations: NFT integrations and tokenized real-world assets (RWAs). “We’re building the future of DeFi with our community,” Dustin Hedrick, Co-Founder & CTO. “This is your platform, your token, your moment.” R0AR Platform: https://www.r0ar.io/platform . How to use the r0ar Platform : https://www.youtube.com/playlist?list=PL9NGvnQ0OI2FM2VTtZrjqnxxgdKvz62F- R0AR Homepage: https://www.r0ar.io/ Telegram: https://t.me/r0ar_community X: https://x.com/th3r0ar About R0AR R0AR is a trailblazing DeFi platform designed to make decentralized finance intuitive, secure, and powerful. With a unified ecosystem featuring the R0AR Wallet, R0ARchain, and the forthcoming R0ARacle, R0AR empowers users with seamless access to staking, farming, and advanced trading tools. Users can join the movement at r0ar.io . About MEXC Founded in 2018, MEXC is a global cryptocurrency exchange serving over 40 million users in 170+ countries. Known for its low fees, high liquidity, and frequent token listings, MEXC is committed to being “Your Easiest Way to Crypto.” Contacts Chief Technology Officer Dustin Hedrick r0ar contact-us@r0ar.io Chief Development Officer Brandon Billings r0ar contact-us@r0ar.io

Read more