Here’s what happened in crypto today
Cryptocurrency investment products have reversed their 15-week streak of inflows, ending last week with a $223 million net outflow, as investor sentiment dipped following hawkish remarks from the US Federal Open Market Committee (FOMC) meeting. Despite a strong start to the week with $883 million in inflows, market dynamics shifted due to positive US economic reports and outlooks on interest rates. The US Commodity Futures Trading Commission (CFTC) is initiating a 'crypto sprint' to implement recommendations from a recent White House report, indicating a collaborative effort with the SEC to enhance regulation. Additionally, a stolen statue of Satoshi Nakamoto was recovered in Lugano, Switzerland, after it was found damaged in Lake Lugano. This statue is emblematic of the Bitcoin community's aspirations for an independent monetary system free from government control.
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