In today's crypto news, a class-action lawsuit against Elon Musk and Tesla regarding alleged Dogecoin price manipulation is moving towards dismissal, with plaintiffs seeking to withdraw after initially pursuing $258 billion in damages. On another front, South Korea's Financial Intelligence Unit has identified 500,000 to 600,000 potential KYC violations by the Upbit crypto exchange, raising concerns about customer verification practices and possible fines. Upbit, one of the largest exchanges in South Korea, may face penalties due to alleged failures in adhering to stringent KYC regulations. Furthermore, U.S. spot Bitcoin and Ether ETFs saw significant outflows for the first time since the election of Donald Trump, totaling around $400 million in Bitcoin ETFs and $3.2 million in Ether ETFs, following a period of substantial inflows. The financial landscape appears to be shifting, as these developments may influence investor confidence in the crypto market.

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