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HomeCrypto News2-4% Crypto Dip! Sovereign Wealth Funds Buying BTC! CTFC approves U.S. Spot...

2-4% Crypto Dip! Sovereign Wealth Funds Buying BTC! CTFC approves U.S. Spot Crypto!

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“`json
{
“title”: “Sovereign Wealth Funds Accumulate Bitcoin Amid Market Dip as CFTC Approves Spot Trading”,
“content”: “Major cryptocurrencies experienced a broad decline of 2-4% in recent trading. Bitcoin fell 2% to $91,400, Ethereum declined 2% to $3,130, BNB dropped 2% to $893, and Solana saw a 4% decrease to $136. Among the few gainers, Zcash rose 4% and TRON increased 2%. BlackRock CEO Larry Fink revealed that sovereign wealth funds have been consistently purchasing Bitcoin, increasing their acquisitions as prices retreated from $126,000 to the $80,000 range to establish strategic long-term holdings. In regulatory developments, the U.S. Commodity Futures Trading Commission approved spot cryptocurrency trading on registered exchanges, with Bitnomial positioned to launch the first such offering. The International Monetary Fund issued a report cautioning that expanding stablecoin adoption could potentially undermine central bank monetary control and sovereignty. In infrastructure news, a new bridge connecting Solana and Coinbase’s Base network launched, secured through Chainlink and Coinbase’s institutional-grade systems. Separately, analysis indicates that the approximately $4 billion in Bitcoin ETF outflows recorded between October and November primarily resulted from the unwinding of leveraged basis trades by major funds, rather than broad investor capitulation. In political finance, the UK’s Reform UK party received a record $11.4 million donation from a living donor connected to Tether.”,
“tags”: [“Bitcoin”, “Cryptocurrency Regulation”, “Sovereign Wealth Funds”, “CFTC”, “Market Analysis”]
}
“`

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