UK stablecoin shift sharpens global digital finance race
The Bank of England has eased parts of its proposed stablecoin framework as the UK tries to protect financial stability while keeping digital asset firms within its market.
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The Bank of England has eased parts of its proposed stablecoin framework as the UK tries to protect financial stability while keeping digital asset firms within its market.
Daman Virtual co-founder Ahmed Ismail said institutional adoption of digital assets in the UAE remains constrained by banking friction, custody concerns and operational readiness despite Dubai’s growing reputation as a regulated crypto hub.
XRP became the most-traded cryptocurrency on South Korea’s largest exchange, Upbit, after the XRP/KRW pair generated approximately $110.9 million in 24-hour trading volume, surpassing Bitcoin and Ethereum.
Investors withdrew approximately $635 million from US-listed spot Bitcoin exchange-traded funds on Wednesday, marking the largest single-day net outflow since January 29 and signalling weakening momentum in one of the market’s most closely watched institutional demand indicators.
United Arab Emirates reportedly conducted covert military strikes against Iran earlier this year, including an attack on an oil refinery located on Lavan Island, according to a report by The Wall Street Journal citing sources familiar with the matter.
A New York judge postponed a decision on Aave’s emergency request to unlock $71 million worth of Ethereum connected to victims of the $293 million Kelp DAO exploit.
Nakamoto reported a $238.8 million net loss in the first quarter despite recording a 500% quarter-on-quarter increase in revenue following the acquisitions of BTC Inc. and UTXO Management in February.
U.S. Securities and Exchange Commission officials discussed modernising decades-old securities frameworks during the agency’s “Material Matters” podcast as digital assets remain a central part of the regulator’s broader policy agenda.
Goldman Sachs said a baseline forecast for artificial intelligence infrastructure spending could reach $7.6 trillion, although the final cost will depend heavily on factors including how quickly AI chips become obsolete and whether older hardware can be reused for simpler inference tasks.
Bitcoin dropped below the key $80,000 level during Asian trading hours as stronger-than-expected US inflation data and geopolitical tensions surrounding Taiwan pressured risk assets globally.
Moody's Ratings said major US banks and financial market intermediaries expect the shift toward digitised finance and tokenised assets to begin gradually before accelerating rapidly once adoption reaches a tipping point.
MARA Holdings shares fell after the Bitcoin miner disclosed a $1.26 billion first-quarter net loss and confirmed it sold nearly $1.5 billion worth of Bitcoin during the period.
Bitcoin failed to break above its 200-day moving average near $82,430, with analysts at CryptoQuant warning the rejection could signal growing downside risks for the broader crypto market.
Donald Trump is reportedly considering a large package of roughly 250 presidential pardons tied to America’s 250th Independence Day celebrations, according to reporting from the Wall Street Journal.
Hyperliquid fell roughly 4% to around $38 after failing twice to break above the key $45 resistance level despite renewed attention following the launch of the first US-based Hyperliquid ETF product.
Just 4% of surveyed Americans said a political candidate’s stance on cryptocurrency policy would significantly influence how they vote, according to a poll released by POLITICO and conducted by polling firm Public First.
Vietnam could launch the first official activity within its regulated crypto asset market as early as the third quarter of 2026, according to Deputy Finance Minister Nguyen Duc Chi.
Metaplanet reported first-quarter operating income of 2.27 billion yen ($14.38 million) as revenue from Bitcoin options and derivatives more than tripled from a year earlier.
Nigel Farage is reportedly facing a parliamentary standards inquiry over whether he failed to declare a £5 million ($6.7 million) gift received from crypto billionaire Christopher Harborne before entering the UK Parliament in 2024.
Paybis received both a MiCA crypto-asset service provider licence and a PSD2 payment institution licence from Latvijas Banka as the company expands regulated crypto infrastructure services across the European Union.
Fidelity International launched a tokenised liquidity fund on blockchain infrastructure linked to Chainlink and Sygnum Bank as institutional tokenised finance activity continued expanding.
Former Celsius Network chief revenue officer Roni Cohen-Pavon agreed to forfeit more than $1 million to US authorities ahead of his sentencing hearing tied to fraud and market manipulation charges.
Societe Generale said its digital assets subsidiary Societe Generale-FORGE will deploy its EURCV and USDCV stablecoins on the Canton Network to support tokenised collateral and repo financing activity.
Polymarket recorded its first monthly decline in trading activity since August after trading volume fell about 8.9% in April amid growing competition from rival prediction market operators.
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