In the crypto landscape, traditional finance (TradFi) giants have made 345 blockchain investments from 2020 to 2024, with G-SIBs leading over 100 deals in areas like tokenization and custody. A report by Ripple and CB Insights highlights Citigroup, JPMorgan Chase, Goldman Sachs, and Japan’s SBI Group as key players in this space. Citigroup and Goldman Sachs each led with 18 deals, while JP Morgan and Mitsubishi UFJ followed with 15. Notably, banks participated in 33 mega-rounds, investing heavily in trading infrastructure and payment solutions. Meanwhile, Arkham Intelligence claims to have uncovered a $3.5 billion hack of a Chinese Bitcoin mining pool from 2020, where 127,426 Bitcoin were stolen. In ETF news, Bitcoin ETFs experienced $812 million in outflows, marking a significant loss, while Ether ETFs ended their inflow streak with $152 million in outflows. Total assets under management for Bitcoin ETFs have now dropped to $146.48 billion, reflecting a 6.46% share of Bitcoin's market cap. Read more AI-generated news on: https://app.chaingpt.org/news

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