According to data from CoinShares, after a record-breaking 7-week inflow totaling $12.3 billion, cryptocurrency financial products saw net outflows for the first time last week, setting a record for outflows at nearly $1 billion. Among them, the outflows from GBTC significantly increased last week, with the fund seeing a total outflow of $1.83 billion in just four days, pushing the net outflows from Bitcoin spot ETF to $836 million. In such a market environment, the price of Bitcoin briefly dropped to $61,000.
Are Stablecoins Primarily Used for Money Laundering? Blockchain Analysis Firm Reports 99% of Stablecoin Transactions Will Be for Legitimate Purposes in 2024.
Table of Contents Toggle Stablecoin Usage Becomes Increasingly Compliant TRM …