#Backpack Acquires FTX EU#

Backpack Exchange, founded by former FTX and Alameda Research employees, has acquired FTX EU, the European arm of the exchange that collapsed in late 2022. The acquisition marks Backpack Exchange's entry into the European market and could provide it with a platform to leverage FTX EU's existing customer base and infrastructure. Meanwhile, U.S. spot Bitcoin and Ethereum ETFs attracted over $1.1 billion in net inflows on Monday, helping Bitcoin briefly reclaim the $10,000 level before pulling back on Tuesday. This indicates continued institutional interest in cryptocurrencies and could drive further market gains. Additionally, CFTC Chairman Rostin Behnam is set to step down on January 20, with his last day at the agency scheduled for February 7. During his tenure, the CFTC has stepped up its regulation of the cryptocurrency industry and pushed for the registration of cryptocurrency exchanges. His departure could have an impact on the regulation of the cryptocurrency industry.