On November 12, the Bitcoin ETF saw a net outflow of 3,621 BTC, equivalent to approximately $263 million, and a net outflow of 19,453 BTC, equivalent to approximately $1.41 billion, over the past seven days.
On November 12th, the Ethereum ETF saw a net outflow of 66,020 ETH, equivalent to approximately $132 million, following a net outflow of 210,673 ETH, equivalent to approximately $423 million, over the past seven days. (Lookonchain)
[Thailand's Securities and Exchange Commission Proposes Daily Limit of 5 Million Baht for Stablecoin Deposits and Withdrawals] Thailand's Securities and Exchange Commission (SEC) proposes to set limits on stablecoin deposits and withdrawals for regulated crypto operators, capping each customer's daily deposit and withdrawal at each operator at 5 million baht (approximately US$148,000).
The draft bill proposes prohibiting the transfer of stablecoins to or from third-party wallets, requiring operators to verify customer ownership of accounts or wallets, and adhering to travel regulations and using blockchain analytics to identify suspicious wallets.
Furthermore, the draft bill requires crypto exchanges to disclose market makers and the assets they provide liquidity for, and prohibits crypto brokers from using liquidity providers in stablecoin/Thai baht trading pairs.
Miami-Dade County residents can now pay their property taxes online or in-person using Bitcoin.
The third-party payment service provider will automatically convert Bitcoin into US dollars before the funds enter the county government's account. The county government does not hold Bitcoin, and this payment method is optional.
Federal Reserve official Hamak stated that the Fed has fulfilled its employment mandate very well, but has failed in its inflation mandate. The latest inflation data is heading in the wrong direction, and the Fed needs to shift to a more restrictive monetary policy to curb inflation.
Hamak is concerned that the US economy is developing an inflationary mindset. (Source: Jinshi Data)
