FTX to repay another $2.2 billion this month and Bitcoin dips after the Fed's hawkish stance.

This is CoinDesk Daily. I'm Jen Sanassi.

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Trust says it will distribute about $2.2 billion to creditors by the end of this month. Payments

will be made in U.S. dollars through partners including BitGo, Cracken, and Pioneer, with

recipients able to withdraw cash or convert funds into digital assets. The latest round is boosting

recovery rates across

multiple claim classes. Some U.S. customer claims are now reaching full recovery, while others are

seeing cumulative payouts of up to 120%. Meanwhile, April 30th has been set as the record date

for initial payments to preferred equity holders with those distributions expected on May 29.

The Federal Reserve held interest rate steady on Wednesday, pointing to heightened uncertainty

around inflation and an oil spike tied to the Iran conflict. Following the decision, Bitcoin

fell more than 3% on the day, slipping below $70,000. Risk sentiment is also weakening, with

capital flowing out of altcoins and even

Bitcoin into stable coins. Bitcoin dominance has dropped to 58.7% while the market share of

dollar pegged tokens like USDT and USDC has climbed. The shift suggests investors are seeking

safety and dollar equivalence as the Fed's lack of clarity leaves

markets increasingly sensitive to swings in oil prices.

And in a boost for regulatory optimism, the SEC has approved NASDAQ's proposal to enable

trading of certain tokenized securities. Under the framework, eligible NASDAQ participants

will be able to settle trades on chain rather than through traditional book entry systems. These tokenized shares will trade on the same order book as conventional

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