Crypto investment products market reaches YTD net inflow
Crypto investment products recorded a $57 million inflow last week, which brought the market to a net inflow position year-to-date.
Bitcoin's rally past $30,000 put it in the top 10 assets by market capitalization — briefly surpassing Tesla's $584.7 billion value.
Only 17% of American adults said they have invested in or used cryptocurrencies — versus 16% in August 2022.
New York Times identified 34 Bitcoin mining facilities in the US and estimated they use more than 3,900 megawatts of electricity combined.
FTX's storing of private keys for its crypto wallets on AWS has brought attention to the potential risks of disorganized storage of billions of dollars worth of cryptocurrency assets.
The U.S. state is at least the third to advance crypto mining protections.
The exchange is restricting its availability to comply with regulations.