Bitcoin dips as U.S. ETFs see heavy outflows; Treasury drops crypto wallet rules; OKX valued at $25B with new investors.
Bitcoin fell below early October gains amid significant withdrawals from U.S. Bitcoin ETFs, with nearly $729 million pulled in two days. The U.S. Treasury dropped two proposed crypto reporting rules targeting self-custody wallets and foreign mixers, easing regulatory concerns. OKX secured new institutional investors including Circle and Ripple, valuing the exchange at $25 billion pre-money. Ethereum developers advanced the Glamsterdam upgrade on the Sepolia testnet, signaling progress toward network improvements.
Bitcoin fell below early October gains amid significant withdrawals from U.S. Bitcoin ETFs, with nearly $729 million pulled in two days. The U.S. Treasury dropped two proposed crypto reporting rules targeting self-custody wallets and foreign mixers, easing regulatory concerns. OKX secured new institutional investors including Circle and Ripple, valuing the exchange at $25 billion pre-money. Ethereum developers advanced the Glamsterdam upgrade on the Sepolia testnet, signaling progress toward network improvements.
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