There are some big-picture stories to catch you up on today, starting with a U.S. Treasury report that put crypto “far below” cash usage in money laundering, despite what some senators would have you believe. As spot Bitcoin ETFs continue to haul in “big volume,” one expert believes they are far superior to gold ETFs. And what are ERC-404 tokens?

Further reading:

• Crypto use in money laundering ‘far below’ cash — US Treasury — Gareth Jenkinson
• ERC-404 hybrid NFT tokens in ‘good spot’ for EIP push, says dev — Jesse Coghlan
• ‘Big volume day’ for BlackRock as Bitcoin ETFs notch $1B volume — Martin Young
• Spot Bitcoin ETF ‘superior’ to gold ETF — Helen Partz

References:

• Fractional NFTs and what they mean for investing in real-world assets — Anthony Clarke

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