US spot Bitcoin exchange-traded funds saw another sharp reversal on Thursday, erasing a brief moment of relief earlier in the week. After breaking a five-day outflow streak with $75.4 million in inflows on Wednesday, the funds were hit with fresh redemptions of $903 million Thursday — the biggest outflow day in November and one of…
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United States-listed spot Bitcoin exchange-traded funds (ETFs) broke a five-day outflow streak on Wednesday, recording $75.4 million in net inflows as Bitcoin reclaimed the $92,000 price point. Farside Investors data showed inflows led by BlackRock’s iShares Bitcoin Trust (IBIT), which pulled in $60.6 million on Wednesday — still a far cry from offsetting its $523…
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Bitcoin ATMs were spotted across major shopping malls in Nairobi days after Kenya implemented its first comprehensive cryptocurrency law, creating an immediate stress test for regulators who claim that no crypto provider is yet authorized to operate. Local media outlet Capital News reported that several major malls across Nairobi had new machines branded “Bankless Bitcoin”…
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Global bank regulators are preparing to revisit their most stringent crypto rules after the United States and the United Kingdom refused to implement them, a move that threatens to unravel the long-standing consensus of the Basel Committee. In an interview with the Financial Times, Erik Thedéen, the governor of the Swedish central bank and chair…
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Crypto investment products logged their largest weekly outflows since February, shedding $2 billion as global risk appetite declined. Crypto exchange-traded products (ETPs) saw $2 billion in outflows last week, up by nearly 71% from $1.17 billion recorded the previous week, CoinShares reported on Monday. This marks the third consecutive week of outflows, extending the cumulative…
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The multibillion-dollar scam known as “pig-butchering,” once treated as a consumer-fraud issue, has crossed a new threshold and is prompting concerns over national security. In a podcast, Chainalysis head of national security intelligence, Andrew Fierman, and former prosecutor Erin West, founder of cross-sector anti-scam nonprofit Operation Shamrock, discussed how pig butchering is becoming a threat…
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Aave Labs became one of the first major decentralized finance (DeFi) projects to secure authorization under Europe’s new Markets in Crypto-Assets (MiCA) regulation, allowing the company to offer regulated stablecoin ramps across the European Economic Area (EEA). The approval enables “Push,” Aave Labs’ fiat-to-crypto service, to let users convert between euros and crypto assets, including…
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Singapore’s central bank has signaled an upcoming shakeout of unregulated stablecoins as the country moves to protect the integrity of assets within its financial ecosystem. In a keynote speech at the Singapore FinTech Festival on Thursday, Monetary Authority of Singapore (MAS) managing director Chia Der Jiun warned that “unregulated stablecoins have a patchy record of…
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Japan’s largest stock-exchange operator weighs new restrictions on publicly listed companies that pivot their core business into buying and holding crypto, signaling a potential shift in one of the most active markets for digital-asset treasury (DAT) firms. Citing anonymous sources familiar with internal deliberations, Bloomberg reported that Japan Exchange Group (JPX) is exploring stricter scrutiny…
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Japan’s first domestic stablecoin issuer said digital asset companies may soon become significant players in the country’s sovereign debt market, potentially reshaping monetary policy. JPYC, the Tokyo-based company behind Japan’s first yen-pegged stablecoin, said issuers may evolve into major buyers of Japanese government bonds (JGBs) as their reserves increase. In comments reported by Reuters, JPYC…
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