Important Developments

1. Net Outflow from Bitcoin ETFs:

This week, Bitcoin ETFs saw a significant net outflow of $900 million.

2. Standard Chartered's New Initiative:

Standard Chartered is preparing to launch a spot trading desk for Bitcoin and Ethereum, marking a major step into the cryptocurrency market.

3. BEVM's New Network:

BEVM announced the launch of a new network that uses WBTC as gas and is built on the OP Stack. This innovation could potentially enhance transaction efficiency and security.

4. US Stock Exchanges Opening Performance:

- **S&P 500**: Down by 0.15%

- **Nasdaq**: Down by 0.16%

- **Dow Jones**: Up by 0.06%

Stay informed with these key market movements and developments!