JP Morgan’s Dimon escalates battle over stablecoin rewards in CLARITY Act debate

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Crypto News

JPMorgan Chase CEO Jamie Dimon on Friday yet again sharply criticized Coinbase CEO Brian Armstrong and warned that the latest version of the Clarity Act could ultimately fail if lawmakers do not address concerns from traditional banks over stablecoin regulation. In an interview with Maria Bartiromo on Fox Business, Dimon appeared frustrated by the direction […]

Bitcoin ETFs suffer record 9-day outflow streak as $2.8 billion exits funds

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Crypto News

U.S. spot bitcoin ETFs have now recorded nine consecutive trading days of net outflows, marking the longest withdrawal streak since the products listed in January 2024. SoSoValue data Over the nine-session run, investors pulled roughly $2.8 billion from the funds, surpassing any previous period of sustained selling pressure. U.S. spot bitcoin ETFs have shed approximately […]