JPMorgan Admits to Wrongdoing, agrees to pay $100M Fine to CFTC! ETFs Surge over $1B in a Week!

• JPMorgan Chase admitted to failing to monitor billions of orders, agreeing to a $100 million fine from the CFTC and has paid a total of $39.68 billion in fines for various violations.
• El Salvador's President Nayib Bukele and ARK Invest's CEO Cathie Wood are collaborating to leverage Bitcoin to enhance El Salvador's capital markets and economic growth.
• CoinShares’ Digital Asset Fund Flows Weekly Report says digital asset investments surged to $1.05 billion, with the US leading in inflows, driven mainly by Bitcoin and Ethereum products.
• BlackRock’s iShares Bitcoin Trust (IBIT) became the world's largest Bitcoin ETF, surpassing Grayscale Bitcoin Trust (GBTC) due to lower fees and growing institutional interest.
• A federal judge ordered the SEC to pay $1.75 million in legal fees over its failed fraud claims against Debt Box, harshly criticizing the SEC's conduct.
• Ripple donated an additional $25 million to the federal crypto super PAC Fairshake, aiming to support crypto-friendly Congressional candidates and promote favorable financial innovation policies.
• The Bank for International Settlements (BIS) outlined its 2024-25 program prioritizing tokenization and central bank digital currencies (CBDCs), focusing on enhancing financial market risk management and cross-border payments.

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