Crypto Entrepreneur. 10 years TA FA. Founder of CryptoPatel. Alpha Hunter. SMC and ICT Trader. Sharing 10x Gems, X: CryptoPatel, Pro Setups, Market Trends 🚀
FTX will begin its fifth creditor payout on July 31, 2026, returning approximately $900M to eligible creditors under its Chapter 11 bankruptcy plan.
Key details: ▪️ Record date was June 16, creditors who completed KYC, tax forms & onboarding qualify ▪️ Funds arrive via BitGo, Kraken, or Payoneer within 1–3 business days ▪️ Dotcom & US customer claims reach 105% cumulative recovery ▪️ Convenience claims hit 120%, more than full principal back ▪️ Separate $18M payment to preferred shareholders (total now $95M)
With this round, FTX has now returned nearly $10 billion to creditors since payouts began in 2025.
Stay safe: FTX will NEVER ask you to connect your crypto wallet to receive funds. Beware of fake claim sites and phishing emails circulating around every distribution.
U.S. BITCOIN ETFs BOUGHT ~2,065 BTC Worth $132.30M 🇺🇸 Fidelity ETF Has SOLD 65 BTC for $4.18M And BOUGHT 2,740 ETH for $5.05M 🇺🇸 BlackRock ETF Has BOUGHT ~2,130 BTC for $136.48M And 17,200 ETH for $31.68M
Fact: U.S. Spot Bitcoin ETFs BOUGHT Nearly 4.5 Days Mined BITCOIN Supply Yesterday.
🇺🇸 DigiByte Has Activated Its Native Stablecoin, DigiDollar, On Mainnet, Allowing Users To Mint Decentralized $1-Pegged Tokens By Locking $DGB As Collateral.
Meanwhile, #DGB Is Still Down ~99% From Its All-Time High, Trading Around $0.003 Vs $0.184 ATH (April 2021) More Than 5 Years Later.
A Rotterdam court ruled Knaken bankrupt after prosecutors found ~€7M ($8.1M) in customer money missing. Around 30,000 users are locked out, with too few assets left to repay them.
The scary part? 👇 Knaken used a separate foundation to protect client funds and it collapsed anyway. The safeguard meant to shield your money failed.
Key facts: ✅ Went offline early June amid EU MiCA transition ✅ FIOD raided company, seized devices + assets ✅ Criminal investigation ongoing ✅ No recovery figures disclosed yet
The lesson: "Not your keys, not your coins" isn't a meme, it's survival. Exchanges can freeze or vanish overnight. Keep long-term holdings in self-custody.
I Warned About This $HYPE Dump Before It Happened: Down 24% Exactly As Expected
On June 2, I highlighted the $750-$90 zone as a major resistance for $HYPE and warned that a rejection there could lead to a pullback.
Since then, #HYPE has dropped to around $58, a decline of roughly 24% from that resistance zone. If you followed the setup for a scalp or short swing trade, this was a good area to consider taking profits.
I'm still watching the $44-$38 zone as the next major accumulation area, but only if the overall market conditions remain supportive. Until then, patience is key.
I'll share an update if price reaches that region.