[Citigroup Research: Bitcoin ETF Redemptions Intensify Downward Price Pressure] Bitcoin ETFs listed in the U.S. saw outflows totaling $3.5 billion this month, nearing the record monthly outflow of $3.6 billion set in February 2024. Among them, BlackRock's IBIT fund experienced redemptions of $2.2 billion, accounting for approximately 60% of the total, potentially marking its worst monthly performance since the fund's inception. Bitcoin's price, impacted by the capital outflows, briefly dropped to $80,553. Citigroup Research estimates that every $1 billion in redemptions leads to a spot price decline of approximately 3.4%.

[U.S. Senators Urge FTC and SEC to Investigate Meta Platform Scam Ads] U.S. Senators are calling on the Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC) to launch an investigation into scam advertisements on the Meta platform.

[Hong Kong InvestHK Director-General: Tokenized Funds May Be as Popular as ETFs in 10 Years] Hong Kong InvestHK's Global Head of Financial Services and Technology, Sustainable Development, King Leung, stated that recently, banks have received tokenized deposits from brokers and successfully subscribed to tokenized money market funds issued by fund companies. He believes the emergence of tokenized funds marks the asset management industry's transition from '2.0' to '3.0,' and predicts that in 10 years, the popularity of tokenized funds will be comparable to that of current ETFs.

[Hyperscale Data Increases Holdings by 115 BTC, Total Holdings Reach 382 BTC] NYSE American-listed company Hyperscale Data disclosed that it has increased its holdings by 115 BTC, bringing its total Bitcoin holdings to 382 BTC, ranking among the top 75 publicly traded companies globally with Bitcoin treasuries.

Digital asset funds experienced a $1.9 billion outflow last week, with a cumulative outflow of $4.9 billion over the past four weeks, making it the third largest outflow since 2018. （Cointelegraph）