Weekly Crypto Roundup: Market Dips, Bitcoin ETFs, and Major Shifts in Crypto Landscape

By: Eva Baxter

• Bitcoin's price dipped below $42,000, witnessing a significant $23.68 million liquidation in the last 24 hours. Read More...
• Crypto exchange Bitfinex successfully thwarted a massive XRP exploit attempt that could have cost billions of dollars. Read More...
• FTX’s native token FTT's market capitalization crossed the $1 billion mark once again, attributed to the approval of a spot Bitcoin exchange-traded fund in the U.S. Read More...
• Crypto-friendly US presidential contender, Vivek Ramaswamy, announced the suspension of his campaign, favoring former President Donald Trump's possible return. Read More...
• Significant $1.18 billion net outflows were recorded from Grayscale Bitcoin Trust (GBTC) while the U.S. spot bitcoin ETFs witnessed a substantial influx of capital worth $2 billion. Read More...
• Tether, the stablecoin issuer, disputed claims made by the United Nations about the involvement of USDT tokens in illegal activities. Read More...
• The recently launched Bitcoin ETFs, known as the 'Newborn Nine', experienced record inflows, surpassing silver ETFs and emerging second only to gold ETFs in the market. Read More...
• European Union has provisionally agreed on stricter anti-money laundering (AML) regulations for cryptocurrency firms, requiring due diligence checks for transaction amounts exceeding 1,000 Euros. Read More...