After two consecutive weeks of outflows totaling $1.5 billion, assets under management in crypto ETPs fell to $207.5 billion, the lowest level since mid-July. Cryptocurrency investment products faced heightened selling pressure last week as crypto funds recorded a second consecutive week of outflows amid ongoing negative sentiment in the markets. Crypto exchange-traded products (ETPs) saw $1.17 billion in outflows last week, up around 70% from $360 million recorded the previous week, CoinShares reported Monday. CoinShares’ head of research, James Butterfill, attributed the sell-off to the ongoing negative crypto market trend following the Oct. 10 flash crash, along with uncertainty over a potential US interest rate cut in December. Read more
Interim CFTC chief Caroline Pham confirmed plans to greenlight leveraged spot crypto trading in the US as early as next month following talks with regulated exchanges. Acting Chair of the US Commodity Futures Trading Commission (CFTC) Caroline Pham is in talks with regulated US crypto exchanges to launch leveraged spot crypto products as early as next month. In a Sunday X post, Pham confirmed that she is pushing to allow leveraged spot crypto trading in the US and that she is in talks with regulated US crypto exchanges to launch leveraged crypto spot products next month. Pham also confirmed that she continued meeting with industry representatives despite the government shutdown. The regulator is also currently considering issuing guidance for leveraged spot crypto products. Read more
Polish group LuxVet, one of the largest CEE platforms that integrates vet clinics, is expanding further and reaches the threshold of nine medical entities in Romania by integrating Oncovet, the first clinic exclusively dedicated to veterinary oncology locally, founded by Dr. Cristian Cristea and Dr. Anca Cristea in 2011.