In the week leading up to Christmas, Bitcoin Exchange Traded Funds (ETFs) experienced significant outflows totaling over $1 billion. This trend starkly contrasts with Ethereum, which saw a surge in inflows during the same period. Meanwhile, Elon Musk’s SpaceX has been using stablecoins to mitigate foreign exchange risks, showcasing a practical application of cryptocurrencies in corporate finance. In regulatory news, the SEC has charged a Jump Crypto subsidiary with a hefty $123 million fine for manipulating the Terra Luna UST peg. Additionally, Israeli firms are preparing to launch Bitcoin mutual funds, aligning with the global trend towards crypto investment vehicles. These statistics highlight the volatile nature of crypto markets and the increasing integration of digital currencies into traditional financial systems.
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