Bitcoin surged to $74,300 as cryptocurrency ETFs experienced significant outflows totaling $1.26 billion. The market also saw nearly $1 billion in liquidations, highlighting increased volatility. Meanwhile, Ethereum co-founder Vitalik Buterin announced a strategic shift for the Ethereum Foundation, focusing on reduced ETH sales and a return to foundational principles. In regulatory news, the SEC unexpectedly withdrew its exemption for tokenized stocks, impacting market participants. Additionally, Congress has initiated investigations into Polymarket and Kalshi over potential insider trading activities, signaling heightened scrutiny in the crypto derivatives space.