📍 📰 Crypto update:
🔺1. UK to regulate crypto like traditional finance (TradFi) next year, focusing first on stablecoins.
🔺2. Crypto funds received an influx of $326M last week.
🔺3. Thailand's Kasikorn Bank acquires a crypto exchange.
🔺4 Crypto winter's end is near! Bitcoin and TradFi are becoming best buds.
📍📊 Market Insights:
🔺Crypto funds saw the biggest weekly inflow since July 2022.
🔺Bitcoin soared 27% this month, hinting at a potential spot ETF approval and macro uncertainties.
🔺Chicago Mercantile Exchange's BTC futures market stake hits an all-time high at 25%.
📍Security Alert:
🔺$4.4M in crypto stolen from LastPass users! Keep your seed phrases safe.
📍Investment News:
🔺Animoca Brands seeks $50M from Saudi Arabia's NEOM Fund for Web3 tech.
🔺Thailand’s Kasikorn Bank buys a Satang crypto exchange for about $102.8M.
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