SEC Rejects 19th XRP Short ETF While Bitcoin and Ethereum Drop $1.11 Billion: Main Crypto News This Morning
Regulation
The crypto market is showing a fragile relief bounce this morning, attempting to stabilize after a large-scale, two-day outflow of institutional capital. A synchronized shock in the form of an unexpected Federal Reserve rate hike and the Senate's blocking of the CLARITY Act triggered panic selling: in just 48 hours, $1.11 billion flowed out of regulated spot Bitcoin and Ethereum ETFs.
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