⏱️ Cryptocurrency Weekly Update: 60-Second Summary


• David Sacks called the CFTC and SEC's choices the "dream team" for cryptocurrency regulation after Michael Selig was confirmed as CFTC Chairman, pledging to prioritize digital assets at this "critical" moment.
• Coinbase CEO Brian Armstrong described lobbying by banks to reopen the GENIUS Act as a "red line," predicting that banks will eventually support stablecoin yields once they recognize the opportunity.
• Alex Thorn of Galaxy stated that Bitcoin has "never crossed" the $100,000 mark when adjusted for inflation, with a peak of $126,000 equivalent to $99,848 in 2020 dollars.
• Outflows from cryptocurrency ETF funds indicate institutional retreat, with the 30-day moving average of net flows from Bitcoin and Ether ETFs turning negative since early November, according to Glassnode.
• Brazil approved a live orchestra project that converts Bitcoin price volatility into real-time music using an algorithm that transforms market data into melodies and rhythms.
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