Pump rebounds, crypto edges lower, China testing stablecoins

The Bitcoin ETF outflows persist amid a volatile market, with BTC holders selling a substantial $18 billion. Meanwhile, Ethereum (ETH) demonstrates positive price movement.

China’s exploration of Yuan stablecoins indicates a growing interest in regulated digital assets. Additionally, Brazil is contemplating BTC as a reserve asset, while Michigan’s pension fund significantly raised its BTC ETF investments.

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