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Daily News: Paul Atkins of the SEC announced plans to clarify which tokens are considered securities; Circle is exploring its native Arc token; and more.

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Bitcoin briefly rebounded but then fell below $102,000 due to profit taking and uncertainty over Fed policy. Analysts point out that there is a divergence in the market regarding a possible rate cut in December, making $100,000 a key support level. The Chairman of the US Securities and Exchange Commission (SEC), Paul Atkins, announced a “token classification” plan aimed at clarifying encryption securities rules, emphasizing that the plan is a supplement to Congress's work and will not weaken enforcement efforts. Circle is exploring a native token for its Arc Blockchain after reporting third-quarter revenues of $740 million and a 108% surge in USDC supply to $73.7 billion. Visa has launched a pilot program allowing creators to use USDC for payments, while JPMorgan has introduced JPM Coin for institutional settlements on the Base platform. US Bitcoin ETF saw a net inflow of $524 million, marking the best single-day performance in a month, with cumulative volume nearing $1.5 trillion.

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BTC-0.94%
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