Today in crypto, the US Commodity Futures Trading Commission (CFTC) announced a new framework allowing offshore crypto exchanges to legally serve American clients, potentially increasing liquidity in the markets. In other news, Kanye West's YZY token launched recently but plummeted over 80%, resulting in losses of $74 million for 51,000 traders, while only 11 wallets managed to profit significantly. The token, launched on August 21, briefly surged before its drastic decline, raising concerns over possible insider trading. Furthermore, spot Ether ETFs are outperforming Bitcoin funds, attracting $1.83 billion in inflows over five days compared to Bitcoin's $171 million. This trend marks a significant shift in investor interest, with BlackRock’s iShares Ethereum Trust leading the way. Overall, these developments highlight the ongoing volatility and rapid changes in the cryptocurrency market.

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