On November 27, news reported that Chainalysis pointed out in a blog post that as the United States approved spot Bitcoin and Ethereum ETFs and the Financial Accounting Standards Board (FASB) revised fair accounting rules, cryptocurrencies continue to gain mainstream recognition in many ways. Chainalysis also mentioned that the funds flowing into 'legitimate' services this year are at their 'highest level' since 2021 (the last bull market peak). It noted that funds from illegal activities have decreased by '19.6%, from $20.9 billion to $16.7 billion, indicating that the growth rate of legitimate activities is faster than that of on-chain illegal activities.'