Bitcoin fell to a four-month low near $62,000 before rebounding above $65,000. According to Binance founder Changpeng Zhao, the crash was driven by money moving toward Anthropic’s IPO, Bitcoin ETF outflows, security concerns following the Binance hack and expectations of Federal Reserve interest-rate hikes. US spot Bitcoin ETFs recorded $2.35 billion in net outflows over two consecutive weeks, while the major cryptocurrencies posted steep weekly losses. MSCI will also remove Strategy, Metaplanet and Upexi from its equity indexes after they were deemed unsuitable for passive investors. Ethereum Labs presented a roadmap to protect the network from quantum attacks by 2027, while Microsoft restored Microsoft 365 services after a global outage of more than 24 hours caused by a technical issue rather than a cyberattack.
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