Category: crypto

The Bank of England will maintain limits on stablecoin holdings until it deems risks to financial stability are minimized. The plan imposes strict thresholds for individuals and corporations, with potential exemptions for major firms. The BoE and UK Treasury are also working on a resolution regime for potential stablecoin failures.

Hamilton Lane’s SCOPE fund is now on-chain through KAIO and the Sei Network, allowing qualified investors worldwide access to private credit. This move marks a significant step in institutional blockchain adoption and provides broader access to private credit investments for accredited and institutional investors.

Binance has finally completed the acquisition of South Korea’s Gopax exchange after regulatory approval, allowing it to re-enter the Korean market after a four-year absence. The deal will benefit Gopax users affected by a previous crisis and could encourage other international exchanges to seek partnerships in South Korea.

YZi Labs has invested $50 million in Better Payment Network to expand stablecoin payment infrastructure. BPN aims to enable multi-stablecoin minting, swapping, and settlement on BNB Chain, reducing fees and payment times. The investment aligns with YZi Labs’ focus on building blockchain infrastructure and expanding BNB Chain’s payment ecosystem.

Bank of England Deputy Governor Sarah Breeden clarified that proposed restrictions on stablecoins are temporary measures to mitigate financial stability risks. The central bank aims to support stablecoins for retail and wholesale payments in a multi-money system. A consultation on the proposed limits will be launched by the end of 2025.

President Donald Trump and his family have earned over $1 billion from crypto-related ventures in the past year, including investments in digital assets like meme coins, stablecoins, and trading cards. Trump’s businesses, particularly World Liberty Financial and Trump Media & Technology Group, have become major sources of wealth, with significant profits coming from projects like…

BitMine has purchased $417 million worth of Ethereum, adding 104,336 ETH to its treasury and bringing its total holdings to over 3.03 million ETH. Chairman Tom Lee predicts Ethereum could reach $10,000-$12,000 by 2025, citing corporate adoption, tokenization growth, and favorable U.S. regulation as driving factors.

Australia is introducing new regulations to give AUSTRAC authority over crypto ATMs due to concerns about money laundering and illicit activities. Home Minister Tony Burke highlighted the rapid growth of crypto ATMs in Australia and the risks associated with them. AUSTRAC has already imposed stricter rules for operators to combat scams and fraud.

Kraken has acquired Small Exchange in the U.S. for $100 million, expanding its presence and offering regulated crypto derivatives onshore. This move is part of Kraken’s plan to build a fully regulated trading network, connecting spot, futures, and margin trading within one U.S.-based framework to improve efficiency for institutional traders.

BNB price surged to $1,191 after Changpeng Zhao praised Coinbase listing the token, calling it a “no-brainer” due to its liquidity and market position. The price consolidated near $1,181 as traders await further catalysts. BNB is now the third-largest cryptocurrency by market cap, with CZ encouraging more listings of BNB Chain projects.