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Quick Take Elon Musk’s SpaceX moved 2,495 BTC to two unmarked addresses earlier on Tuesday, which is a first transfer since late July. Arkham data reveals this transfer is the first material change to the company’s total bitcoin holdings since June 2022. Meanwhile, one analyst noted that this may simply be wallet reorganization by SpaceX.
Quick Take Spot bitcoin ETFs in the U.S. recorded $40.5 million in net outflows yesterday amid a broad recovery in crypto market prices. Monday’s outflows extended the ETFs’ streak of negative flows to four consecutive days.
Despite short-term selling pressure and sentiment hitting a 9-month low, analysts suggest new highs for XRP amid renewed institutional demand.
Quick Take The Consumer Financial Protection Bureau finalized a rule last year requiring banks, credit unions, and others to make available consumers’ data. In the letter on Tuesday, crypto and fintech groups said the open banking rule is needed to preserve the “fundamental principle that financial data belongs to the American people, not the nation’s largest banks.”
Quick Take Péter Szilágyi, a former lead developer at the Ethereum Foundation, has ignited debate within the crypto community by publishing a letter he sent to Ethereum Foundation leadership last year. In the letter, Szilágyi questioned Ethereum co-founder Vitalik Buterin’s outsized influence over the ecosystem.
