BlackRock Bitcoin ETF outflows $463 million in a single week
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The BlackRock Bitcoin ETF experienced its worst week for cryptocurrency funds since February this year, with a weekly outflow of $463 million (Decrypt).
Republic raises $100 million to accumulate ETH and expand its validator network, with no interest costs, aimed at reducing shareholder dilution. （Cointelegraph）
The Trump administration supports joining the Global Tax Reporting Facility (CARF) to help the Internal Revenue Service better identify the overseas cryptocurrency holdings of American citizens. （Decrypt）
[The Federal Reserve's Overnight Reverse Repo Usage Reaches $3.172 Billion on Monday]
On November 17 (Monday), the Federal Reserve's overnight reverse repo usage amounted to $3.172 billion, an increase from the previous trading day's $1.559 billion.
Short term holders panicked and sold 148000 bitcoins, resulting in losses. Currently, there are still 93000 bitcoins active in the market, and some analysts believe that if this level is breached, the price may fall below $90000. （Cointelegraph）