23j yang lalu
Bank of England Proposes Regulatory Framework for Systemic Sterling Stablecoins
The Bank of England has published a consultation paper proposing oversight rules for systemic sterling-denominated stablecoins used in payments and settlements. The framework requires issuers to hold at least 40% of reserves at the central bank and up to 60% in short-term UK government debt. Temporary holding limits are set at £20,000 for individuals and £10 million for businesses during the implementation phase.
23j yang lalu
23j yang lalu
Bitcoin Whales Transfer Holdings to ETFs as Distribution Phase Emerges
Large Bitcoin holders are selling direct cryptocurrency positions to gain exposure through exchange-traded funds, according to Dr. Martin Hiesboeck of Uphold on November 9. The shift offers tax advantages under U.S. regulations and provides a mechanism to legitimize previously undisclosed holdings. Long-dormant wallets have transferred billions in recent months as institutional inflows into spot Bitcoin ETFs accelerate market distribution.
23j yang lalu
1h yang lalu
Bank of England Proposes £20,000 Individual Cap on Systemic Stablecoin Holdings
The Bank of England has released a consultation paper proposing temporary holding limits of £20,000 for individuals and £10 million for businesses on sterling-denominated systemic stablecoins. Deputy Governor Sarah Breeden said the caps aim to prevent rapid deposit outflows from commercial banks that could threaten credit availability. Industry leaders have criticized the restrictions as overly cautious compared to the U.S. GENIUS Act framework, which imposes no ownership limits.
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1h yang lalu
1h yang lalu
UNI Jumps 15% as Fee-Sharing Speculation Follows Uniswap's Record $275M October Revenue
Uniswap's native token UNI rose more than 15% to $6.81, rebounding from $5 lows as traders speculated on potential fee-sharing mechanisms. The rally came after Uniswap recorded $275M in fees during October, its highest monthly total on record. A Polymarket prediction market now assigns a 33% probability to fee switch activation by December 2025, rising to 73% by mid-2026.
1h yang lalu