FTX is seeking court approval for a new claims process that could affect creditors from 49 jurisdictions where crypto is banned or restricted.

Why FTX creditors in 49 countries may be cut from payouts

The price of Bitcoin (BTC) has not been particularly impressive over the 
weekend, which has been a somewhat consistent theme of the cryptocurrency 
market so far in the year 2025. The premier cryptocurrency continues to hover 
around the $108,000 mark, showing signs of indecision amongst the investors. 
With the coin’s indecisive price action, the conversation has been about when 
the Bitcoin price will return to its all-time high. Interestingly, the latest 
on-chain data shows that investors are becoming increasingly confident in the 
long-term promise of the flagship cryptocurrency. Bitcoin Exchange 
Inflow/Outflow Ratio Below 1: On-Chain Analyst In a July 5 post on the X 
platform, an on-chain analyst with the pseudonym Darkfost revealed that 
Bitcoin has continued to flow out of centralized exchanges over the past few 
months. The online crypto pundit mentioned that this trend reflects the 
growing confidence of investors in the long term. Related Reading: Analyst 
Shares Bitcoin Cheat Sheet Showing When The Bull Run Begins This on-chain 
observation is based on the Bitcoin Exchange Inflow/Outflow Ratio 30DMA, a 
metric that measures the volume of BTC flowing in and out of centralized 
exchanges over a period of 30 days. A high ratio (&gt;1) indicates more inflows 
than outflows into exchanges, signaling increased selling pressure for the 
premier cryptocurrency. On the other hand, a low ratio (&lt;1) implies that more 
coins are flowing out of rather than into centralized exchanges. When the 
Exchange Inflow/Outflow Ratio has a low value, it suggests that investors are 
accumulating and holding their coins in the long term. According to Darkfost, 
the Bitcoin monthly outflow/inflow ratio recently fell to around 0.9, its 
lowest level since the bear market of 2023. With the metric now beneath the 1 
threshold, it means that Bitcoin exchange outflows are dominant, reflecting a 
strong and sustained demand on the spot market. The on-chain analyst said: As 
of today, demand remains present as outflows continue to dominate, with a 
growing number of long-term holders stepping in. Ultimately, Darkfost believes 
that the confidence being shown in Bitcoin’s long-term promise is expected, 
considering the growing adoption by major corporations and governments, most 
notably in the United States. “BTC is gradually evolving into a store of 
value, increasingly used to strengthen treasury strategies,” the crypto 
analyst added. Bitcoin Price At A Glance As of this writing, the price of BTC 
stands at around $108,103, reflecting a mere 0.3% increase in the past 24 
hours. Related Reading: DOGE Bulls Hold The Line At $0.15 — Is The Rally Still 
Alive? Featured image from iStock, chart from TradingView

Bitcoin Exchange Outflows Continue To Rise: Investor Confidence At An All-Time High?

Bitcoin and most altcoins remained in a tight range last week, despite rising 
exchange-traded fund (ETF) inflows and top US indices, such as the Nasdaq 100 
and S&amp;P 500, reaching a record high. Bitcoin (BTC) rose above $110,000 for 
the…

Top 3 catalysts for Bitcoin and altcoins this week

Britain’s crypto traders may soon face more than just market 
volatility—starting in January, failure to share personal details with trading 
platforms could cost them £300 each. The UK government is tightening its grip 
on the crypto economy with new tax…

UK crypto crackdown: Harsher fines incoming for non-compliant traders

With the crypto economy cruising at $3.33 trillion and bitcoin hovering just 
under 5% from its record high, plenty of other digital assets are still 
playing catch-up on the road to fresh all-time highs. Altcoins Flatline as 
Bitcoin Hovers Below Record Territory It’s been 44 days since bitcoin (BTC) 
blasted to its weighted all-time high […]

The Great Altcoin Stall—Big Names Struggle to Regain Momentum

Grammy‑winning artist Drake has just put out a new track called What Did I 
Miss? that makes a clear link between his rocky love life and Bitcoin’s wild 
swings. According to reports, he raps, “I look at this shit like a BTC, could 
be down this week, then I’m up next week.” Related Reading: XRP’s Time Is Now, 
Says Pundit—Don’t Snooze On The ‘Biggest Transfer Of Wealth’ That line isn’t 
just catchy—it&#8217;s another sign of how Bitcoin references are moving past 
finance blogs into hit songs. Adoption Numbers And Hype Based on reports from 
River, nearly 5% of the world’s population has used or owns Bitcoin so far. 
That’s a long way from Blockware’s forecast that 10% could be on board by 
2030. Those numbers show that while the buzz is loud, real wallets holding 
Bitcoin remain few. For many, Bitcoin is still a headline rather than a habit. 
State Level Moves Shift Policy Last month, Texas became the first US state to 
set up a public Bitcoin stockpile. Governor Greg Abbott signed Senate Bill 21, 
creating a standalone fund run by state&#8217;s comptroller. That setup keeps the 
reserve out of the normal state treasury, so it can’t be raided for other 
expenses. A follow‑up bill, HB 4488, cements its legal protection, making sure 
the fund stays intact no matter what. Not every state has pushed ahead. In 
May, Florida dropped its crypto legislation, joining Wyoming, South Dakota, 
North Dakota, Pennsylvania, Montana and Oklahoma in pulling back. Arizona’s 
House Bill 1025, despite getting farther than any similar measure, was vetoed 
by US President Donald Trump on May 3. Bitcoin Lyrics Hit Home Drake’s new 
verse isn’t his first high‑stakes play with crypto. Back in 2022, he put $1 
million worth of Bitcoin bet on the Super Bowl. That bold wager grabbed 
headlines and showed he takes crypto chances seriously. Related Reading: The 
Silent Bitcoin Accumulation: Public Companies’ Surprising H1 2025 Lead Now, by 
weaving Bitcoin into his music, he’s giving millions of listeners a taste of 
what traders already know: prices can swing hard, fast, and without warning. 
Looking ahead, Drake’s new song and Texas’s reserve show two sides of crypto’s 
rise. The pop‑culture nods pull attention, while real‑world policies test 
whether Bitcoin can move from hype into everyday use. If both trends keep 
climbing, Bitcoin could win more hearts—and wallets—in the years to come. 
Featured image from Chris Delmas/AFP/Getty, chart from TradingView