Ireland's government has launched a new action plan to combat financial crime, specifically naming crypto-assets as an evolving threat. Measures include enhanced safeguards for digital finance and establishing industry standards for verifying crypto funds.
Crypto funds experienced over $1 billion in outflows as geopolitical tensions between the US and Iran led to a risk-off sentiment. Meanwhile, Tether expanded its influence by acquiring SoftBank's stake in Twenty One Capital, and Bernstein highlighted Bitcoin miners' strategic role in AI infrastructure.
SBI Group plans to launch Bitcoin and Ethereum ETFs in Japan, pending regulatory reforms on crypto funds and taxation. The asset manager aims for a $31.5 billion AUM target within three years, leveraging Japan's large household savings and existing investment infrastructure.
Crypto ETPs drew $858 million in inflows last week, led by Bitcoin with $706 million, as sentiment improved and short-BTC funds saw $14 million of outflows.
Digital asset inflows peak at a six-week high as a Senate stablecoin deal stokes institutional appetite across Bitcoin and altcoins.
