Some Major Crypto News 

US spot Bitcoin ETFs recorded a $494M inflow, hitting a two-month high of $61.21B in value after a seven-day streak, led by Ark’s ARKB.

 FTX creditors could receive only 10-25% of their crypto, reimbursed at petition date prices when Bitcoin was around $16K, sparking outrage

Former Chinese finance minister Lou Jiwei urged China to study crypto developments after the US approved spot Bitcoin ETFs, citing financial risks.

Billionaire Christian Angermayer left the UK for Bitcoin friendly Lugano, citing new tax policies, calling them a bigger mistake than Brexit.

Blockchain project Initia raised $2.5 million in under 2 hours via Echo at a $250 million valuation, 28% lower than its $350M Series A.