Travis Kling, Chief Investment Officer of the cryptocurrency investment firm Ikigai Asset Management, posted on the X platform, stating that the company has sold its $65 million claim in the FTX bankruptcy case. He wrote, "We got a price we're happy with, and one that's significantly higher than our expectations six months ago." Ikigai has adjusted its business to avoid "getting caught in another FTX-like situation." Kling also mentioned that the crypto market seems to be entering another bull market cycle, and despite profound and widespread mistakes made by the industry in the past few years, the world appears to be bringing new breakthroughs to the crypto ecosystem, offering another opportunity for genuine value.