Bitcoin Dips Below Ninety-One Thousand, Paxful Pleads Guilty, and Ethereum ETFs See Record Inflows

Today on Chain Reaction by Capital Copilot, we cover the major crypto market moves following the Federal Reserve's rate cut, with Bitcoin trading around ninety thousand two hundred seventy-three dollars after volatile swings. We examine Paxful's guilty plea for facilitating illegal activity and violating anti-money laundering laws, resulting in a four million dollar fine. The Office of the Comptroller of the Currency issues a warning to major banks about debanking practices targeting the crypto industry. Consumer groups and unions mobilize against the Senate's crypto market structure bill. We look at institutional moves including Gemini receiving CFTC approval for prediction markets, State Street and Galaxy launching a tokenized fund on Solana, and Stripe's acquisition of crypto payments startup Valora. Plus, Ethereum ETFs hit a six-week high with one hundred seventy-seven million dollars in single-day inflows as institutional investors rotate within crypto.