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FTX Recovery Trust may withhold assets from creditors in 49 restricted countries

FTX Recovery Trust wants to put together a team of experts to help it determine if it will be permitted to distribute somewhere in the region of $800 million in assets to creditors in 49 “potentially restricted countries.” Specifically, it wants to employ regional lawyers to assess whether or not the countries in question are legally sound for creditors. If they are, their funds will be returned. This is according to a filing, part of which was shared by FTX creditor activist Sunil Kavuri, which lists countries including Saudi Arabia, China, Egypt, Russia, Ukraine, the Republic of the Congo, and Montenegro .  The claims in the 49 countries represent roughly 5% of FTX’s $16 billion in potential claims, with China alone representing 82% of the claimants in potentially restricted countries. FTX: Restricted countries Disputed claims 49 Jurisdictions -5% allowed claims in restricted countries 82% of value in China Due to local laws that 1) crypto currency trading is not pe...
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Trader Says the Time To Be Bullish on Altcoins Is Here, Updates Outlook on Bonk and One Other Solana-Based Memecoin

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A widely followed cryptocurrency analyst and trader is suddenly turning bullish on altcoins. The analyst, pseudonymously known as Bluntz, tells his 322,200 followers on social media platform X that the Bitcoin dominance (BTC.D) metric is flashing a bearish divergence, setting the stage for alts to outperform the flagship crypto asset. A bearish divergence occurs when the price is recording higher highs and higher lows while an indicator such as the Relative Strength Index (RSI) is recording lower highs. The RSI indicator is a momentum oscillator used to determine oversold or overbought conditions. “The three-day BTC dominance bear divergence ended up rolling into a weekly bear divergence, too. The time to be long alts is here in my opinion.” Source: Bluntz/X BTC.D is a metric that calculates how much of the crypto market cap belongs to Bitcoin. A bearish BTC.D chart indicates that altcoins are printing gains faster than BTC. BTC.D is 65.34% at time ...
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Bitcoin Holds Steady Above $107K As US Senate Clears $4.5T Spending Bill

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...
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Stock Exchange-Listed Firms Bought $26.2 Billion Bitcoin in 2025

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According to Bitcoin Treasuries data, public companies have purchased 237,664 BTC in the first half of 2025. In dollar terms, stock-exchange-listed companies purchased almost $26.2 billion worth of BTC in the first half of 2025. BTC purchases have so far outshone BTC ETFs in inflows. BTC ETF products bought about 117,295 BTC in the first two quarters of this year. Source: CNBC Public Companies Going All-In On Bitcoin? Source: Watcher.Guru BTC seems to be the new obsession among public companies. Many are following Michael Saylor’s Strategy. Strategy is currently the most significant BTC holder among public companies. The firm recently purchased an additional $531 million worth of BTC. According to Nick Marie, head of research at Ecoinometrics, “ the institutional buyer who is getting exposure to bitcoin through the ETFs are not buying for the same reason as those public companies who are basically trying to accumulate bitcoin to increase shareholder value at the end of the d...
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BitMine Stock Soars 700% After $250 Million Raise For Ethereum Treasury

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...
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Kingdom of Bhutan just deposited $15 million Bitcoin on Binance; Time to sell?

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The Kingdom of Bhutan’s Bitcoin (BTC) strategy has taken a notable turn with the transfer of part of its holdings to cryptocurrency exchange Binance, suggesting possible plans to sell. Details of the transaction indicate that the country transferred 137.245 BTC, valued at approximately $14.77 million, to the exchange on June 30, according to the latest on-chain data obtained by Finbold from Arkham Intelligence. Kingdom of Bhutan Bitcoin transaction. Source: Arkham The potential for a sale comes as the Asian nation’s Bitcoin stash has grown significantly. As of press time, Bhutan holds 11,924 BTC, valued at approximately $1.28 billion. Notably, these holdings have been built mainly through state-supported mining operations controlled by Druk Holding and Investments. Currently, there is no official explanation for the Binance deposit; however, historically, moving funds to exchanges often signals plans to sell.  Impact of Bhutan’s possible Bitcoin sale ...
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Crypto Strategist Unveils Bitcoin Path to New All-Time High Next Month, Says Plenty of Liquidity To Trigger Run for Altcoins

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A crypto analyst gaining traction for timely Bitcoin calls is outlining a scenario where BTC breaks free from sideways trading and surges to new all-time highs. Pseudonymous analyst Credible tells his 468,700 followers on the social media platform X that Bitcoin appears to be following an Elliott Wave (EW) pattern where BTC consolidates in the next few weeks before igniting a breakout rally toward the end of July. Elliott Wave theory is an advanced form of technical Analysis that seeks to forecast future price movements by tracking crowd psychology, which often unfolds in recurring wave patterns. Says Credible, “BTC holding up very well over the last few days. As stated in my last update, I think we will test the blue zone sooner or later, whether that be before or after taking our local range highs. From an EW perspective, something like this would be ideal. Although there are, of course, a few different structures that we may see to complete this corre...
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