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What happened in crypto this week

  • Tether's CEO announced they are not launching a blockchain and emphasized their interest in neutrality.
  • The State of Michigan pension fund disclosed holdings of over $10 million in spot Ethereum ETFs.
  • The Global Dollar stablecoin has been launched, aiming to boost global stablecoin adoption.
  • Bitcoin reached a new all-time high of over $77,000, following Donald Trump's presidential win.
  • BlackRock's IBIT saw a record daily inflow of $1.12 billion, surpassing its previous high.

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