unfolded.

Yesterday, US spot Bitcoin ETFs report $130 million in net inflows, largest influx in three weeks — link

While some similar macro factors may influence both Bitcoin and equities, their correlation remains low, despite a slight increase from zero to 0.26 (90-day rolling). The US dollar index, likely driven by other macro factors (inflation, interest rate differentials, etc.), has been more important for correlations to BTC than equities — link

SEC sues Silvergate Bank for securities fraud in Federal Court

Circle snags first stablecoin license under EU's new MiCA crypto rules — link

German government moves additional $94 million worth of Bitcoin to exchanges — link | tl;dr

Digital asset investment products saw a third consecutive week of outflows totalling $30m, with last week indicating a significant stemming of the outflows. In contrast to prior weeks, most providers saw minor inflows, although this was offset by incumbent Grayscale seeing $153m outflows — link

Sony gets ready to launch crypto exchange in Japan with acquired Amber platform — link | tl;dr

IRS finalizes controversial tax reporting rule for brokers, punts decision on DeFi — link | tl;dr

Currently, the BTC weekend trading volume stands at an all-time low of 16% in 2024, marking a 12 percentage point decrease from its peak of 28% in 2019 — link

SEC sues Consensys — link