- Hodl Topic
- Posts
- The 80% Loss No One Saw Coming: FTX’s Worrying Repayment Plan
The 80% Loss No One Saw Coming: FTX’s Worrying Repayment Plan
Hodl Topic
March 30, 2025
🔥Heat Map:
🌍 Daily Crypto Market Overview
Global Stats:
Cryptocurrencies: 13.24M
Exchanges: 817
Market Cap: $2.69T (-1.62%)
24h Volume: $59.78B (-34.11%)
Bitcoin Dominance: 61.3%
Ethereum Dominance: 8.2%
ETH Gas Price: 0.5 Gwei
Fear & Greed Index: 24 (Fear)
🪙Top 5 Cryptocurrencies by Market Cap:
Name | Price | 24h Change | Market Cap | 24h Volume |
|---|---|---|---|---|
Bitcoin (BTC) | $83,082.95 | +1.25% | $1.65T | $17.14B |
Ethereum (ETH) | $1,836.03 | +3.58% | $221.53B | $12.24B |
Tether (USDT) | $0.9996 | +0.01% | $144.14B | $45.95B |
BNB (BNB) | $608.78 | +1.35% | $86.74B | $1.37B |
Solana (SOL) | $125.61 | +2.67% | $64.35B | $2.27B |
FROM OUR FRIENDS @ BYBIT
Sign up for a Bybit account and claim exclusive rewards from the Bybit referral program! Plus, claim up to $6,045 USDT bonus at https://partner.bybit.com/b/hodltopic or click the image below.
🚀 Trending on DexScan:
Bert/WBNB – $0.001845 (+2421%)
Kris/WCRO – $0.000217 (+2.35%)
TALK/WETH – $0.9263 (+2.25%)
mubarak/WBNB – $0.06914 (+17.54%)
TUT/WBNB – $0.04022 (+1.24%)
💹 Market Highlights:
Total DeFi Volume: $4.83B
Stablecoins Volume: $57.6B
Coin with highest % change: FUN (+147.62%)
📈 Preview On Today’s News:
- The 80% Loss No One Saw Coming: FTX’s Worrying Repayment Plan
- Behind Bars, But Not Out: Tiger King Launches Meme Coin from Prison
- Bitcoin vs. Control: Ted Cruz Slams Warren and China Over Crypto Freedom
Keep reading below for more!
Today’s News:
1)
The 80% Loss No One Saw Coming: FTX’s Worrying Repayment Plan
FTX has announced it will begin major creditor repayments starting May 30, 2025, as part of its ongoing bankruptcy proceedings. However, Bitcoin claimants will only receive about 20% of the current market value of their holdings, prompting concern across the crypto community. With Bitcoin currently trading over $82,000, this sharp discount raises questions around trust, market stability, and the broader implications for investor confidence. Drawing comparisons to the Mt. Gox collapse, analysts warn that mishandled exchange failures can have lasting effects on regulatory sentiment and market dynamics. FTX's Recovery Trust, led by John J. Ray III, emphasized ongoing efforts to recover more funds and settle additional claims.
FTX will begin creditor repayments on May 30, but Bitcoin claims are valued at just 20% of market price—stirring fears about recovery fairness and investor confidence.
The situation draws parallels to Mt. Gox, underlining risks in centralized exchanges and raising potential for increased regulatory scrutiny.
2)
Behind Bars, But Not Out: Tiger King Launches Meme Coin from Prison
Joe Exotic, the infamous “Tiger King” from the viral Netflix series, has launched a Solana-based meme coin called EXOTIC—all while serving a 21-year prison sentence. Though he didn’t create the coin himself, the 62-year-old enlisted his legal team to help launch the token to fund legal fees and support charitable causes like Operation Smile. Despite the lack of reference to the charity on the project’s website, a $1,000 donation has been confirmed. The coin debuted on the launchpad pumpkin.fun, briefly hitting a $900K market cap before settling above $100K, with around 900 holders. Exotic has called on Donald Trump for a pardon and hopes his token avoids the fate of past celebrity meme coins that tanked after viral hype faded. He also emphasized transparency by publicly sharing wallet addresses and claimed he’s learning crypto from fellow inmates while keeping in touch via podcasts and X Spaces.
Joe Exotic’s EXOTIC meme coin, launched via lawyers from prison, reached a market cap of $900K and aims to support both legal fees and charities like Operation Smile.
Despite no website reference to donations, a $1,000 charitable contribution was made, and Exotic is pushing for legitimacy, transparency, and even a pardon from Donald Trump.
3)
Bitcoin vs. Control: Ted Cruz Slams Warren and China Over Crypto Freedom
U.S. Senator Ted Cruz has publicly criticized Senator Elizabeth Warren and the Chinese government for opposing Bitcoin, claiming their resistance stems from an inability to control it. Speaking at a Texas Bitcoin event on November 24, 2024, Cruz positioned Bitcoin as a tool of financial freedom, free from centralized oversight, and praised Texas as a leader in crypto innovation. His remarks highlight the ongoing global tug-of-war between regulatory control and decentralized technology, underscoring the political battle over the future of financial sovereignty.
Ted Cruz argues that both Elizabeth Warren and China oppose Bitcoin due to its decentralized nature, which threatens traditional control structures.
He advocates for Texas to be a pro-crypto stronghold, challenging federal regulation and promoting innovation in the space.
📢 We Need Your Feedback!
At Hodl Topic, we're all about delivering the best daily crypto insights. But we want to make it even better—and that’s where you come in!
What do you love about the newsletter? What could we improve? Got any topics you'd like us to cover? Your feedback helps shape the future of Hodl Topic.
📩 Let us know your thoughts! Just hit reply to this email.
Your input means the world to us, let’s build something great together!
That’s all for today folks, see you tomorrow. 👋
Disclaimer
This newsletter (Hodl Topic, hodltopic.com) is based on our data and opinions, provided solely for informational purposes. It does not constitute financial advice. Cryptocurrency investments involve significant risks, so it’s essential to conduct thorough research and consult a qualified financial advisor before making any investment decisions. We are not liable for any financial gains or losses resulting from the use of this information.