In cryptocurrency news, US investment products have seen significant inflows, totaling $2.2 billion last week, marking the largest increase since July. This surge is attributed to optimism surrounding the potential victory of the Republican party in the upcoming US elections, which are perceived to be more favorable to digital assets. The inflow from the US was countered by outflows in Canada and Sweden, while Australia recorded slight positive investments. Additionally, a paper from the Federal Reserve Bank of Minneapolis proposed taxing or banning Bitcoin to manage government deficits, leading to backlash from crypto advocates. In corporate news, analyst Mark Palmer from Benchmark expressed confidence in MicroStrategy’s stock, projecting it could rise to $245 as the company continues to utilize its assets for Bitcoin acquisition, despite the stock currently trading at a premium over its Bitcoin holdings.

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