🤖AI Takeover 🤖 🔻 Bitcoin Feb ETFs: $1B in Red 💰 🟠 Hedera ETF Under Scrutiny 🔎 🌍 OKX Pays $500M to Settle with DOJ ⚖️ ✅ SEC Wrapping Up Probe on Robinhood 📜
Blockchain DXB
Shownotes Transcript
Blockchain DXB Podcast)** - AI Series**🎙️ February 25, 2025 Episode
🚀 Bitcoin ETF Outflows & Market UpdatesBitcoin ETFs have witnessed nearly $929 million in outflows this month, despite record highs in the S&P 500 and gold. Bitcoin has been trading between $94,000 and $98,000, reflecting market volatility.
💰 Bybit Suffers Largest Crypto Hack in HistoryA staggering $1.4 billion hack on Bybit shook the crypto community. However, Bybit has since recovered most of the stolen funds through ETH purchases, loans, and whale deposits. The exchange plans to release an audited proof of reserves report soon to restore trust.
📢 Hedera ETF Under ReviewCanary Capital has submitted a 19b-4 application to the SEC via Nasdaq for a spot Hedera (HBAR) ETF. If approved, investors will gain exposure to HBAR without managing digital wallets. The filing details its structure, custody, and pricing methodology, aligning with SEC regulations.
⚖️ OKX Settles with U.S. DOJAux Cayes FinTech Co. Ltd., an OKX affiliate, has resolved a DOJ investigation, agreeing to a $500 million settlement for operating without a license. No harm to U.S. users was alleged, and OKX has since bolstered its KYC, AML, and financial crime monitoring systems. The company views this as a step toward greater regulatory compliance.
🏛️ SEC Closes Investigation into Robinhood’s Crypto ArmThe U.S. securities regulator has officially closed its investigation into Robinhood’s crypto operations with no action taken. The move is seen as a positive shift towards regulatory clarity rather than enforcement-heavy oversight, boosting investor confidence. Robinhood recently reported strong Q4 profits amid increased trading activity.
🌍 UAE Crypto & AI Developments⚡ Circle's USDC & EURC become the first stablecoins recognized by DIFC.⚡ DataVolt partners to establish an AI-ready data center in Riyadh.
🎙️ About This EpisodeThis episode is part of the **AI Series under the **Blockchain DXB Podcast), created entirely using Notebook LM by Google. Tune in as we break down the latest developments in crypto, blockchain, and regulatory trends!
🔗 Official Links & Sources:📌 OKX Settlement Details: https://shorturl.at/Mk4Jf)📌 Eric Balchunas ETF Insights: https://rb.gy/92hiyp)
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