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#FTXrepayment FTX has unveiled a draft creditor-repayment plan as part of its bankruptcy proceedings, aiming to settle customer claims in cash and wipe out its digital token, FTT.¹ The plan proposes valuing customer claims in US dollars as of the date it went bankrupt and repaying them by selling assets tied to various silos of the business. Here are the key highlights of the repayment plan: - *Repayment Structure*: Three recovery pools will guide creditor repayments, including assets linked to (link unavailable) customers, FTX US customers, and assets not clearly tied to the exchanges. - *FTT Token Holders*: The plan calls for giving no recovery on account of FTT tokens due to their "equity-like characteristics". - *Customer Repayment*: FTX expects to repay customers in cash, with smaller claims (under $50,000) potentially receiving distribution before the end of the year.² - *Plan Amendment*: The plan is still in its infancy and subject to change, with FTX expecting to collaborate with creditors and file an amended plan in the future.
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$BTC - *Current Price*: Unfortunately, I couldn't find the current price of Bitcoin. For the most up-to-date price, I recommend checking a reliable cryptocurrency website or platform. - *Market Trends*: Bitcoin has seen significant growth, with a 74% growth potential before hitting overbought levels.¹ Additionally, Bitcoin ETFs have experienced substantial inflows, with $4.2 billion invested. - *Regulatory Updates*: The U.S. Securities and Exchange Commission (SEC) has enabled banks to custody crypto, and the U.S. has launched a crypto working group.² The European Union's MiCA rules are also nearing implementation. - *Innovations*: Bitcoin's Taproot upgrade has enhanced payment scalability and security.
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Is 2025 still crypto's year? 🚀🤔 $BTC $ETH $XRP
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$SOLV Buy and hold $SOLV big PUMP soon 💪 👀
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