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The SEC has proposed a framework letting registered advisers and funds use state trust companies as custodians and allow self-custody under specific conditions. This directly removes the legal barrier that has kept many advisory firms from offering Bitcoin to clients, opening a significant new pool of potential buyers.

Spot Bitcoin ETFs pulled in $2.39 billion last week, flipping year-to-date flows positive and marking the strongest single week in a year. That kind of sustained buying shows real institutional appetite even as price pulled back from $87,000.

Blockchain forensics firm Chainalysis has attributed the Bitget theft to North Korean government-linked actors, adding it to a growing tally of DPRK crypto heists. This raises the headline risk for the broader exchange sector and keeps confidence in centralised platforms under pressure.
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