Weekly recap: Bitcoin retreats, FinCEN drops rules, OKX draws investors
- —U.S. spot Bitcoin ETFs lost $484.9 million on Oct. 7, the largest daily outflow since June
- —FinCEN withdrew its 2020 wallet rule and 2023 foreign-mixing proposal
- —OKX added Circle, Ripple, QRT and SC Ventures at a $25 billion pre-money valuation
- —Bitmine raised its Ethereum treasury to 6.02 million ETH, worth about $16.4 billion
Why it matters: FinCEN's withdrawal eases privacy-related compliance burdens, while OKX's new backers signal growing institutional interest in exchanges.
Source: crypto.news
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