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Figma, the design software giant, has revealed its substantial investment in Bitcoin ETFs, totaling nearly $70 million, with plans for an additional $30 million purchase. This move aligns with the current market dynamics, where Bitcoin remains steady near its all-time high of $111K, with long-term holders showing resilience. Recent data indicates that 14.7 million BTC are held by long-term investors, reflecting a cautious market sentiment amidst geopolitical tensions. Meanwhile, the Financial Action Task Force (FATF) has raised concerns about rising stablecoin-related crimes, urging for enhanced regulations rather than stifling innovation. In Malaysia, the Securities Commission is proposing new rules to streamline the listing process for cryptocurrency exchanges, aiming to enhance accountability and expand digital asset offerings. Additionally, the Australian Monochrome Bitcoin ETF has increased its holdings to 931 BTC, showcasing growing institutional interest. These developments highlight a transformative period in the cryptocurrency landscape, balancing regulatory scrutiny with increasing institutional adoption.
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