{"content":"💥 $1.9B FTX Payout Incoming — Here’s When It Could Shake the Crypto Market! A $1.9 billion FTX repayment might enter the crypto market, boosting prices. The estate of the defunct exchange announced the settlement of uncontested claims, opening the path for future payouts. Market Awaits $1.9 Billion FTX Payouts FTX said in a news statement that the Bankruptcy Court authorized a $1.9 billion reduction in the disputed claims reserve, allowing for future repayments. The defunct exchange will distribute this cash to eligible claim holders. These holders might invest their funds in crypto assets, which is positive. Another distribution is scheduled on or around September 30 this year, according to the press statement. For accepted claims, the next dividend record date is August 15. The Bankruptcy Estate disbursed $5 billion in May after the initial $1.2 billion FTX payments in February. BitGo, Kraken, and Payoneer will do this next distribution for FTX. The popular FTX creditor Sunil Kavuri reacted on this. Sunil indicated on X that distribution would be paid to FTX claims above $50,000. Repayments will be provided to claims under $50,000 approved since the record date. Class 6 General Unsecured Claims will get part of the $1.9 billion payout. May Payout Comes As Crypto Prices Rise The May FTX refund coincided with the crypto market surge that month, when Bitcoin achieved a new all-time high (ATH) and altcoins reached new local highs. The September FTX payback would also coincide with the Federal Reserve's first rate decrease of the year, another crypto market booster. These trends might cause a Bitcoin and altcoin parabolic surge. Standard Chartered and Bitwise estimate BTC might hit $200,000 by year's end. #FTX #FTT #BTCvsETH $FTT ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/27/d85cabb328c949308aa8c774ae6b41b1.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}