50m ago
Cardano Open Interest Falls to $607 Million as ADA Drops and USDCx Deal Is Signed
Cardano's open interest declined to $607 million in the last 24 hours, an 8% drop that coincided with a broader crypto market sell-off and $1.74 billion in liquidations. ADA traded at $0.3274 after falling 5.44%, while long positions made up most of the $1.64 billion in long crypto liquidations. At the Midnight Tour in Japan, Cardano founder Charles Hoskinson announced a signed agreement to integrate the USDCx stablecoin into the Cardano ecosystem, backed by a 70 million ADA budget.
ADA
ADA-5.69%
50m ago
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U.K. Parliament opens stablecoin inquiry, 29 January; BoE’s £20K/£10M caps reviewed
In late 2025, the Bank of England proposed a 60/40 reserve model and holding caps for sterling-backed stablecoins. On 29 January, the U.K. Parliament’s Financial Services Regulation Committee launched an inquiry to assess growth, risks, and these frameworks, with evidence submissions due by 11 March 2026. Critics warn the caps—£20K per individual and £10 million per business—could undermine competitiveness.
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Gold Breakdown Flagged as Trigger for $10 Trillion Global Selloff on 30 January 2026
On 30 January 2026, a synchronized rout spanned gold, silver, equities, and cryptocurrencies, erasing more than $10 trillion within 24 hours, according to market estimates. Gold's drop cleared roughly $4 trillion, silver about $1.1 trillion, while crypto capitalization fell 4.78% to $2.83 trillion, with Bitcoin leading the decline. Analysts cited a gold breakdown and capital rotation as potential drivers.
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