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Bitcoin Slips on White Paper Anniversary, Weekly ETF Outflows Hit $600M

Bitcoin experienced a slight decline of 0.3%, trading around $110,000 on the 17th anniversary of its white paper publication, as macroeconomic concerns affected the crypto market. This week saw approximately $600 million in outflows from spot crypto exchange-traded funds (ETFs), indicating investor caution. Ethereum also saw a drop of 1.3% to about $3,840. Market analysts link these movements to a sell-off in equities, where key tech firms raised AI investment forecasts spurring concerns about overspending. The European Central Bank has paused its rate cuts while the U.S. Federal Reserve's prospective rate cut in December is no longer a certainty, which has heightened market anxiety. Despite the challenges, analysts believe structural factors such as the upcoming Bitcoin halving in 2028 may contribute to future price rallies.

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China Accuses U.S. of Stealing 127K BTC in High-Profile Crypto Hack

China’s National Computer Virus Emergency Response Center (CVERC) has accused the U.S. government of seizing 127,000 stolen bitcoins, valued at approximately $13 billion, from a hack that originated in 2020 targeting a Chinese mining pool. The report alleges the hack was executed by a state-level hacking organization

China Accuses U.S. of Stealing 127K BTC in High-Profile Crypto Hack

China's National Computer Virus Emergency Response Center (CVERC) has accused the U.S. government of seizing 127,000 bitcoin (approximately $13 billion) that were originally stolen in a 2020 hack from a Chinese mining pool. CVERC claimed the hack was carried out by a 'state-level hacking organization&

China Accuses U.S. of Stealing 127K BTC in High-Profile Crypto Hack

China’s National Computer Virus Emergency Response Center (CVERC) has accused the U.S. government of seizing 127,000 stolen bitcoins, currently worth about $13 billion. This bitcoin was allegedly hacked from the LuBian mining pool in 2020, with the hack attributed to a state-level hacking organization. CVERC suggests that