Bitcoin retreats, Treasury drops rules, OKX draws investment | Weekly recap

In this week’s edition of the weekly recap, Bitcoin lost its early-October gains as U.S. exchange-traded funds recorded heavy withdrawals, while the Treasury abandoned two proposed crypto reporting rules. OKX added institutional investors at a $25 billion valuation, and Ethereum developers advanced the network’s next upgrade. Bitcoin recovered above $82,000 after falling toward $80,300, but remained lower over seven days. FinCEN withdrew proposed reporting rules covering self-custody wallets and foreign cryptocurrency mixing. OKX added Circle, Ripple, QRT and SC Ventures at a $25 billion pre-money valuation. Bitmine bought 15,112 ETH, raising its Ethereum treasury to more than 6 million tokens.

Source: crypto.news