The Daily: Backpack acquires FTX EU, Bitcoin and Ethereum ETFs clock over $1 billion worth of inflows and more
2025-01-08
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Happy Tuesday! In today's Daily, Backpack acquires FTX EU, U.S. spot Bitcoin and Ethereum ETFs register over $1 billion in daily inflows, CFTC Chair Rostin Behnam plans to step down and more.
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Backpack acquires FTX EU
Backpack Exchange, founded by former FTX and Alameda Research employees, has acquired FTX EU — the European arm of the crypto exchange that infamously collapsed in late 2022.
Bitcoin and Ethereum ETFs attract over $1 billion in combined daily inflows
U.S. spot Bitcoin and Ethereum ETFs attracted more than $1.1 billion in combined net inflows on Monday, helping bitcoin to briefly reclaim the $100,000 level before Tuesday's correction.
CFTC Chair Rostin Behnam plans to step down following calls to regulate crypto
CFTC Chair Rostin Behnam is stepping down from the role on Jan. 20, with his final day at the agency set for Feb. 7.
Czech National Bank weighs bitcoin for potential reserve asset diversification
Czech National Bank Governor Aleš Michl is considering bitcoin as a potential reserve diversification option but confirmed there are no current plans to acquire it in an interview with CNN Prima News.
Arthur Hayes tells risk-takers to go 'degen' mode, predicts crypto peak in March
Former BitMEX CEO Arthur Hayes now predicts the crypto bull market will extend into a March 2025 peak, driven by over $600 billion in potential liquidity injections via U.S. Federal Reserve and Treasury initiatives.
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