UK Eases Stablecoin Regulations: Implications for the Crypto Market
The Financial Conduct Authority's proposal follows the Bank of England's backtracking on the limit to the value of stablecoins an individual could hold.
Topic
63 articles found
The Financial Conduct Authority's proposal follows the Bank of England's backtracking on the limit to the value of stablecoins an individual could hold.
Rising demand for put options and persistent ETF outflows highlight Bitcoin's weakness despite lower oil prices.
Strategy announces unprecedented plan to sell BTC to pay for dividends and buy-back MSTR, STRC, and its other stocks. The post Strategy authorizes massive BTC sale after 52-week lows appeared first on Protos.
The bank said bitcoin lending has emerged from the 2022 crypto credit collapse with stronger risk controls, growing institutional participation and a path toward lower borrowing costs.
The Bitcoin treasury firm has approved a framework for "active capital management," its Chair Michael Saylor said in a statement.
The bank said institutional demand for perpetual futures remains muted, with the products better suited to speculative trading than hedging.
Strategy adopted a new capital management framework, authorizing up to $2 billion in buybacks while creating a program that allows future bitcoin sales to support liquidity.
U.S. equity futures rose after reports the U.S. and Iran agreed to halt strikes and resume talks. Bitcoin has barely moved, still down 6.8% on the week.
A Monday filing would mark Strategy's fourth straight week of buying, after a 520 BTC purchase on June 22 that was its smallest recent tranche.
The token is down nearly 7% on the week with the altcoins falling harder. Bitcoin and ether are both ending the second quarter in the red, a back-to-back losing first half that runs against the usual pattern.
Nearly 50,000 BTC shifted to exchanges at a loss while short-term Bitcoin holders' stress level reached 2-year highs. Is BTC headed toward new lows?
Bitcoin has long been lumped in with precious metals as a hedge against a weakening dollar. That trade is unwinding on a hawkish Fed, and bitcoin is falling alongside the metals it was supposed to rival.
Friday's $444.51 million net outflow capped a seventh straight negative week, the longest weekly run on record for the category.
Coinbase and Circle have posted steeper losses than Oracle, Netflix and Salesforce, highlighting the widening gap between crypto equities and the broader market.
Ripple's Brad Garlinghouse called Strategy's preferred-stock funding model "financial engineering" that distracted the market, pointing to STRC's slide to a record low as the evidence. He runs the company behind XRP, a bitcoin rival.
Solana found strength from tokenized stock trading on its network, but a declining TVL and DEX volumes point to fading momentum.
"Financial engineering does not drive long-term value ... long-term value of any digital asset is going to be driven by utility," said Garlinghouse.
Tokenized stock trading fueled fresh momentum across the Solana ecosystem, while Aave founder hinted at token buybacks coming under new framework.
Ether’s technical setup points to a potential drop to $1,375, a move that could lift one whale’s unrealized profit to $2.39 million.
Bitcoin risked turning $60,000 into resistance as BTC price weakness persisted following another tech-driven sell-off in Asian stock markets.