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Bitcoin climbed to $81,500 following a stronger-than-expected US GDP print, as risk assets reacted to signs of domestic economic resilience. The rally occurred alongside a notable shift in institutional demand, with Bitcoin ETFs recording their first 30-day net outflow since July—a $292 million drawdown—suggesting caution among fund investors despite spot price gains.
Regulatory enforcement and policy disputes dominated the week. The SEC charged BG Wealth and DSJ Exchange in connection with an alleged $130 million crypto fraud, while Utah brought criminal charges against Kalshi and its founders over sports betting operations. Separately, Circle urged the SEC to eliminate a costly Wall Street rule it says is impeding stablecoin development, underscoring continued tension between digital asset issuers and existing securities frameworks.
Market infrastructure faced mixed developments. Polymarket suspended trading while investigating a security incident, highlighting operational vulnerabilities in prediction markets. In contrast, Ripple’s USD stablecoin, RLUSD ($1.00 · Live), secured a Coinbase listing and expanded across three blockchains, reflecting ongoing efforts to broaden stablecoin accessibility amid regulatory scrutiny.
Market Context:
bitcoin, exchange, cardano, trading, ethereum
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