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Congressman Nick Begich proposes the BITCOIN Act to diversify the U.S. balance sheet by acquiring one million bitcoins over five years. He emphasizes the need for the U.S. to lead in the digital economy and views bitcoin as a strategic reserve asset alongside gold.
Crypto investment products achieved a record $4.39 billion in inflows last week, bringing year-to-date totals to $27 billion and assets under management to $220 billion. Bitcoin and Ethereum led the surge, with Ethereum attracting $2.12 billion alone, marking a strong risk appetite in the market.
Crypto investment products saw unprecedented net inflows of nearly $6 billion last week, driven by positive market sentiment following a U.S. interest rate cut and weak employment data. Bitcoin and Ethereum experienced significant gains, pushing assets under management to an all-time high of $254 billion.