In today's crypto news, Tether announced plans to relocate its operations from the British Virgin Islands to El Salvador after securing a digital asset service provider license. The company highlighted El Salvador's favorable regulatory environment and forward-thinking policies as key reasons for the move. Meanwhile, the enthusiasm surrounding crypto post-US elections appears to be waning as crypto exchange-traded products (ETPs) recorded a modest $47 million in inflows last week, which was overshadowed by $940 million in outflows. This was attributed to recent macroeconomic data suggesting a stronger US economy and a more hawkish Federal Reserve. Bitcoin investment products still saw a total inflow of $213 million for the week but faced significant outflows later. Additionally, SlowMist reported that over seven million OpenSea user emails, leaked in a 2022 incident, are now publicly accessible, posing a risk of phishing and scamming activities. The data leak, which originated from OpenSea's email vendor, has recently come to light, raising security concerns for users of the popular NFT marketplace.

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