What happened last night? 🌝 📉 U.S. spot Bitcoin ETFs recorded approximately $636 million in net outflows on Thursday—the largest outflow of the month. BlackRock (IBIT) and Fidelity (FBTC) accounted for the majority of the redemptions. Ether ETFs also saw net outflows of around $111 million. October has turned negative for Bitcoin net flows. ⚠️ The #Initia network was temporarily halted following a security incident. An attacker allegedly minted tokens. Deployments are suspended pending analysis. 📋 #Ripple filed a comment on the SEC’s proposed Regulation Crypto Assets framework. The company supports the proposed framework but requests adjustments regarding the treatment of digital assets and secondary markets. It noted having spent over $150 million in its legal dispute with the regulator. 🔗 The activation of updates to the #XRP Ledger remains delayed until around November 4, following the reset of the countdown timer. Have a great morning, everyone!