Bitcoin ETFs See Huge Inflows
Bitcoin exchange-traded funds (ETFs) have seen significant inflows, surpassing $1 billion. This influx of investments comes as Bitcoin's value continues to climb, nearing the $100,000 mark. Major financial institutions like BlackRock and Fidelity are leading these investments, indicating strong confidence in the cryptocurrency's future.
### Bitcoin Reaches New Highs
Bitcoin has recently hit record highs, getting closer to the $100,000 mark. This surge is attributed to various factors, including strong institutional interest and former President Donald Trump's supportive stance on cryptocurrencies.
### XRP Price Surge
Following the resignation of SEC Chair Gary Gensler, XRP has experienced a 25% increase in value. The crypto community hopes this change will lead to a more favorable regulatory environment.
### South Korea's Crypto Tax Proposal
South Korea's largest political party has proposed increasing the tax threshold for cryptocurrency earnings, aiming to make the market more investor-friendly and boost the overall crypto economy.
### Smithsonian Acquires Historic Laptop
The Smithsonian's National Numismatic Collection has acquired a laptop used by former IRS agent Chris Janczewski. This laptop was instrumental in seizing $8.6 billion worth of Bitcoin from a hacker, marking one of the largest financial seizures in U.S. history.