CFTC Chairman Selig: Proposed crypto regulatory framework aims to prevent FTX-style risks

PANews October 9 news: CFTC Chairman Mike Selig posted that the CFTC's proposed crypto asset regulatory framework is intended to protect exchange customers from risks such as fraud, market manipulation, and misappropriation of customer funds, and to avoid a repeat of the FTX incident. He criticized voices opposing market-based regulation and advocating maintaining the status quo, arguing that this could leave room for similar risks. The framework is still a proposed plan at present.

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SOL spot ETFs saw a net outflow of $71.4748 million last week, a record high.

Ethereum spot ETFs saw a net outflow of $432 million last week, marking five consecutive weeks of net outflows.

Spot Bitcoin ETFs saw a net outflow of $203 million last week, with Fidelity's FBTC leading with a net outflow of $166 million.

Yi He: Binance community reward campaigns need to wait for regulatory approval before launching; there are currently no cash voucher campaigns.

Glassnode: U.S. spot Ethereum ETFs recorded 23 consecutive trading days of net outflows, the longest net outflow streak on record.