👻FTX Is Paying You Back (With Interest?)

GM. Welcome to Proof of Ghost—the newsletter that tracks crypto’s power plays, even the ones no one wants you to see.

IN TODAY’S EDITION

Today’s edition isn’t about hype—it’s about the real power plays happening beneath the surface. From Larry Fink’s capital market challenge to FTX’s surprise repayment plan, there’s more movement than you think.

Let’s break it down.

→ BlackRock’s CEO calls for the democratization of confidence in investing
→ DOGE dips hard after Elon debunks adoption rumors
→ FTX creditors may get back more than they lost
→ 10 major hires signal a power reshuffle in crypto
→ Whale moved $1.2B to Tron, and $229M ETH is close to liquidation

Let’s break it all down.

“Of all the systems we’ve created… capital markets are among the most powerful—and uniquely suited to moments like ours.”

— Larry Fink, 2025 Letter to Investors

This year's BlackRock letter hits different.

It’s not about ESG this time.
Not about the climate debate either.
It’s about something far more urgent: trust, access, and prosperity.

Fink calls it “the democratization of investing.”
And here’s why it matters:

→ Capital markets were once only for the wealthy
→ Now, they’re becoming tools for everyday prosperity
→ Access, awareness, and ownership are spreading like never before

But here’s the catch:
While more people can invest, not everyone feels safe or informed enough to do so.

Markets are meant to solve for growth.
But in times like these—volatility, inflation, war, layoffs—people need clarity more than returns.

This isn’t just a letter to investors.
It’s a challenge to creators, educators, founders, and policy-makers:

How do we make investing truly inclusive?

Not just accessible, but empowering.

It’s no longer just about democratizing tools.
It’s about democratizing confidence.

What’s your take on this shift?

Where are we in this market cycle?

Are we in disbelief? Or back in euphoria?

Or are we standing on the cliff of complacency, whispering “this time it’s different”?

This chart is almost 20 years old… Yet it nails human psychology every single time.

→ People FOMO at the peak

→ People sell at the bottom

→ And everyone calls it a scam right before it 10x-es again

Look at your feed right now— Some are shouting “bull market confirmed”

Others are calling for 80% crashes

Here’s the truth no one likes:

You never know where you are in the cycle until it’s already over.

But what you can do is:

→ Stay emotionally aware

→ Zoom out

→ And stick to your own plan

The market’s job is to make you emotional.

Your job is to not take the bait.

DOGE is down. Again. And here’s why.

Elon Musk just confirmed that Dogecoin will not be used by the U.S. Government.
At a rally in Wisconsin, he said:

So much for the rumor that D.O.G.E. (Department Of Government Efficiency) would adopt Dogecoin.

Here’s what happened next 👇

→ DOGE dropped to $0.1608 right after the clip went live.
→ It’s now trading at $0.1669 – down 9.34% this week.
→ Over $26 billion wiped from XRP and DOGE combined this week.
→ Volume is up 50% in 24 hours. Panic selling? Probably.

📉 Market Cap: $24.81B
📈 24h Volume: $1.31B
♾️ Max Supply: Infinite
🐶 Total DOGE in circulation: 148.65B

Back in 2021, DOGE soared 23,740% just from Elon’s memes.
But this time, words weren’t enough.

DOGE is still a cult coin.
It lives in memes, on X, and in Elon’s heart.
But it’s not going to Washington.

Let’s not forget:

Speculation moves markets.

Not facts. Until they do.

FTX is finally paying up.

After months of chaos, a light at the end of the tunnel:
→ Repayments begin May 30.
→ $11.4B in cash reserves locked and loaded.
→ Creditors could recover up to 138% of their claims.

Here's what you need to know:
→ US Customers: Up to 142% recovery
→ Dotcom Customers: Up to 138%
→ Total claims: $11.7B
→ Total recovery: Between $14.4B – $16.2B

Yep, some folks might get more than they lost.

This could inject serious liquidity into the market.

Just as hype builds around ETFs, AI, and memecoins.

Crypto's comeback arc?
It’s already in motion.

Big moves in crypto hiring this week—across finance, legal, compliance, and capital markets.

Here are 10 of the most strategic talent shifts you should know:

→ Dan Chen joins Gemini as CFO (ex-Affirm)
→ Hailey Lennon becomes General Counsel at Fold (ex-Coinbase, Anderson Kill)
→ Jane He joins YZi Labs (formerly Binance Labs) as General Partner (ex-Apeiron Capital)
→ Simon McWilliams is now CFO at Tether—a step closer to full audit transparency (ex-Wizz Financial)
→ Tammy Weinrib becomes US Chief Compliance Officer at Copper (ex-Binance.US)
→ Georgia Quinn joins Securitize as Chief Legal Officer (ex-Anchorage)
→ Amanda Tuminelli appointed Executive Director at DeFi Education Fund (ex-Kobre & Kim)
→ Matt Russ joins CoinFund to lead BizDev & Strategy (ex-Menai Financial Group)
→ Kristen Hecht joins 1Money Network as Chief Compliance Officer (ex-Binance)
→ Stefán Þórarinsson becomes Head of Economy at CCP Games (ex-Central Bank of Iceland)

Top projects are locking in serious firepower before the next market phase.

Need help announcing new hires or building a stronger founder/investor brand?
DM’s open.

Whale Alert Recap | March 28

Here’s what’s really going down in the last 24 hours:

→ $1.21B USDT & USDC moved into Tron
→ $438M in stablecoins exited Arbitrum
→ 1B USDT freshly minted on Tron
→ CZ burns $4M+ worth of $TUT and $Broccoli
→ Whale dumped 438B $PEPE ($3M) at a $434K loss
→ Another whale deposited 6,131 ETH ($10.9M) to Binance
→ 125,603 ETH ($229M) on Maker is close to liquidation

Big moves. Bigger signals.
Liquidity is shifting.
Pressure is building.

Stay sharp. Whales are already playing the next hand.

Tickle Your Tokens

That’s a wrap for today.

While the headlines scream for attention, the real game is being played behind the charts—through quiet liquidity moves, talent shifts, and unexpected reversals.

Nitesh

P.S. If you liked this, share Proof of Ghost with someone who wants to stay ahead of the crypto market. We break down everything that matters—every morning, no fluff, just signal.

Quick heads-up—Proof of Ghost is all about delivering insights, not investment advice. We break down market moves, trends, and data so you stay informed, but what you do with that info is 100% your call.

Crypto is wild, unpredictable, and sometimes downright spooky, so always DYOR (Do Your Own Research) before making any financial moves. We’re just the friendly ghost in your inbox—not your financial advisor. 👻