According to news on November 27, Chainalysis pointed out in a blog post that with the approval of spot Bitcoin and Ethereum ETFs in the United States and the revision of fair accounting rules by the US Financial Accounting Standards Board (FASB), cryptocurrencies continue to gain mainstream recognition in many aspects. Chainalysis also mentioned that the flow of funds into “legitimate” services so far this year is the “highest level” since 2021, the peak of the last bull market. It noted that funding for illicit activities year-to-date is down “19.6%, from $20.9 billion to $16.7 billion, indicating that legal activity is growing faster than illicit activity on the chain.”