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Crypto News Key Highlights: Google Cloud expands into Web3 , launching a portal with testnet tools, blockchain datasets, and tutorials. It aims to support developers in building decentralized applications (dApps) and implementing Web3 solutions. However, mixed responses from the crypto industry emerge, with some criticizing Google's focus on Web3 over Bitcoin.
Cryptocurrency investment products saw three weeks of consecutive outflows totaling $435 million, primarily due to US spot Bitcoin ETFs. Grayscale led the outflows, totaling $440 million, while new issuer inflows slowed. Altcoins and multi-coin products attracted $7 million in inflows, while Bitcoin faces resistance at $65,600, potentially influenced by the upcoming FOMC meeting.
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