Bitcoin prices experienced significant fluctuations in the last 24 hours, dropping to $62,260 and rising to $66,649. ETFs were cited as the main reason for the price movements. The outflow of $11 billion from ETFs in a short time increased the volatility in the market.

Latest Developments of the Crypto Asset Market

The private jets of SBF, the former CEO of the bankrupt FTX exchange in the USA, are planned to be put up for sale and the creditors will be paid. Although the activity in the ETF market seems to have decreased, a serious security vulnerability has been detected for Mac users.

FTX Scandal and Apple's Security Problem

Judicial authorities in the USA plan to sell two of SBF's planes worth $ 28.4 million. SBF is expected to face 40-50 separate charges and receive a sentence of less than 80 months. On the other hand, the vulnerability discovered in Apple's M series chips allows attackers to access encryption keys from MacBooks, and this security vulnerability cannot be fixed with a patch because it is caused by architectural design.

Spot Bitcoin ETF and Market Impacts

According to data from Farside Investors, outflows from Grayscale's Bitcoin ETF have slowed down. There was an outflow of $642 million on Monday. According to the prediction of Bloomberg analyst Eric Balchunas, these outflows may decrease soon, which may cause cryptocurrencies to recover or not decline further over the weekend.

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