[Weekly News Briefing] US Bitcoin Spot ETFs See Net Outflows of KRW 254 Billion for 5 Consecutive Trading Days

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1. US Bitcoin spot ETFs see net outflows for five consecutive trading days, totaling KRW 254 billion.

US Bitcoin spot ETFs experienced net outflows for five consecutive trading days, with a total outflow of 254 billion won.

Digital asset investment products experienced net outflows for the first time in four weeks, with a total loss of $952 million.

Bitcoin and Ethereum investment products saw net outflows of $460 million and $555 million, respectively, for a total net outflow of $952 million.

3. JP Morgan Launches Ethereum-Based Tokenized Money Market Fund

JP Morgan is expanding its blockchain financial products by launching a $100 million ETH-based tokenized money market fund.

4. The US Federal Reserve lifts restrictions on banks' cryptocurrency operations.

The US Federal Reserve has withdrawn its guidelines for cryptocurrency businesses, allowing non-FDIC-registered banks to enter the cryptocurrency market.

5. XRP Spot ETF: $1.2 billion in net inflows since launch

An XRP spot ETF launched in the US is attracting market attention by attracting $1.2 billion.

6. Terraform Labs files $4 billion lawsuit against Jump Trading.

Terraform Labs has filed a $4 billion lawsuit against Jump Trading, claiming responsibility for the TerraUSD collapse.

7. BlackRock Makes Massive BTC and ETH Deposits to Coinbase Prime

BlackRock deposited approximately $230 million worth of BTC and ETH into Coinbase Prime.

8. A cryptocurrency trader lost $50 million in USDT in an address poisoning attack.

A trader lost $50 million worth of USDT in a pseudonymous address attack, with the funds transferred to Tornado Cash.

9. A record $23.3 billion worth of BTC options expire today.

At 5 p.m. Korean time, the market's attention was drawn as the largest Bitcoin options contract ever, worth $23.347 billion, expired.

10. The EU will mandate cryptocurrency tax reporting, effective January 1, 2024.

Under the EU's new DAC8 directive, cryptocurrency operators must report user and transaction data to national tax authorities.

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