Bank of England eases stablecoin rules sets £40B cap
The Bank of England has revised its proposed framework for systemic sterling stablecoins, scrapping individual holding limits in favour of an aggregate issuance cap per systemic issuer.
The Bank of England has revised its proposed framework for systemic sterling stablecoins, scrapping individual holding limits in favour of an aggregate issuance cap per systemic issuer.
Humanity Protocol (CRYPTO:H) declined 10.41% over the past 24 hours to US$0.1962, reducing its market capitalisation to approximately US$55.75 million as sellers continued to dominate trading.
Thai authorities seized 315 cryptocurrency mining devices after conducting raids at 14 locations across five northeastern provinces as part of an investigation into electricity theft linked to crypto mining operations.
Cryptocurrency and other digital assets have become a focus of UK national security discussions following allegations that cryptocurrency payments were used to facilitate attacks on properties linked to Prime Minister Keir Starmer.
LAB (CRYPTO:LAB) climbed 27.96% to US$15.48 over the past 24 hours, outperforming Bitcoin (CRYPTO:BTC), which gained 0.97%, as buyers defended a key support zone near US$12.
Bitcoin (CRYPTO:BTC) developers are proposing the removal of explicit replace-by-fee signalling from wallet software after full replace-by-fee became standard network policy, making the original opt-in feature unnecessary.
XRP (CRYPTO:XRP) briefly broke below the closely watched US$1.14 support level on Sunday before buyers stepped in, driving the token from a low near US$1.12 back toward US$1.15.
Taiko (CRYPTO:TAIKO) has advised users to withdraw assets from all bridges deployed on its network after an exploit targeting its chain state verification mechanism resulted in losses estimated at up to US$1.7 million.
Morgan Stanley has amended its filings for proposed Ethereum (CRYPTO:ETH) and Solana (CRYPTO:SOL) exchange-traded funds, revealing plans to charge management fees of 0.14% for both products.
Franklin Templeton has filed plans with the US Securities and Exchange Commission for two exchange-traded funds that combine US equities with Bitcoin (CRYPTO:BTC) exposure through dividend reinvestment.
Polygon (CRYPTO:POL) processed US$309 million in Latin American stablecoin volume during May, with co-founder Sandeep Nailwal stating the network led the region in stablecoin activity.
Senator Cynthia Lummis said the Digital Asset Market Clarity Act would protect crypto developers from prosecution for writing code if they do not custody or control customer funds.
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