In the latest cryptocurrency news, significant developments include the SEC raising concerns regarding REX-Osprey staking ETFs, the IMF expressing worries over Pakistan allocating 2,000 megawatts of electricity for Bitcoin mining, and BlackRock experiencing its largest outflow from its spot Bitcoin ETF. The SEC indicated that the business structure of the REX-Osprey funds may not meet the criteria to be considered ETFs under U.S. law, potentially creating complications for their registration. On another front, the IMF sought clarification from Pakistan's Finance Ministry regarding the legality of crypto mining amid fears of exacerbating the country's energy shortages. Meanwhile, BlackRock's spot Bitcoin ETF saw a notable outflow of $430.8 million, marking the end of a 31-day inflow streak, as it faces growing scrutiny and challenges in managing substantial Bitcoin holdings.

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