Bitcoin Rebounds Amid ETF Inflows; Aave Chan Initiative to Exit DAO

Bitcoin experienced a rebound this week, climbing from $63,245 to a brief high of $73,000. According to NS3.AI, this surge was supported by $1.1 billion in net inflows into U.S. spot Bitcoin ETFs. In the decentralized finance (DeFi) sector, the Aave Chan Initiative announced its decision to exit the Aave DAO within four months. This decision follows a dispute over governance and funding within the organization.