
Bank of England Sets a ยฃ40B Cap per Systemic Stablecoin
The Bank of England capped any systemic sterling stablecoin at ยฃ40 billion in issue, dropping its proposed per-holder limits. Feedback closes 22 September.
Altcoins, ETH & general crypto

The Bank of England capped any systemic sterling stablecoin at ยฃ40 billion in issue, dropping its proposed per-holder limits. Feedback closes 22 September.

The Fed held its benchmark rate at 3.50%-3.75% in Kevin Warsh's first meeting as chair, but nine of eighteen officials now project at least one hike by year-end, against none in March. Bitcoin fell to $64,800 before steadying near $65,300.

Japan's House of Representatives passed a bill on June 11 moving crypto from the Payment Services Act to the Financial Instruments and Exchange Act. Tokens gain equity-style insider-trading rules and 10-year penalties, paired with a move to a flat 20% tax.

An attacker drained Humanity Protocol on June 9 using multisig keys that had been backed up to a single compromised laptop. CoinDesk put the loss at $36 million and PeckShield at $31 million, and the H token fell from $0.67 to as low as $0.05.

Ether traded about 70% below its August 2025 record of $4,953.73 on Monday, roughly 20 points worse than bitcoin, as more than $1 billion of positions were liquidated.

Bitcoin traded as low as $59,743 on Friday, its first move under $60,000 this cycle, after a five-session fall of about $14,000. A $1.57 billion liquidation wave marked the fourth billion-dollar day in five sessions, and total crypto market value dropped to $2.23 trillion.

About $3 billion of leveraged positions was liquidated over two days as bitcoin fell 4.90% to $63,682.64. Open interest dropped 8.5% to $111.4 billion, and Solana hit its lowest price since December 2023 with 94% of its liquidations long.

US spot crypto ETFs recorded a 13th consecutive session of net outflows on Wednesday, taking the total to $4.37 billion since mid-May. Bitcoin fund assets have fallen from $104.29 billion to $82.83 billion, and the ETF share of bitcoin's market capitalization has slipped to 6.36%.

Stellar's XLM rose 40.4% on the first trading day of June, lifting its market capitalization above $9.6 billion on $2.3 billion of spot turnover, after an integration with the DTCC's tokenization work. The broader market opened the month lower, with US spot bitcoin ETFs shedding $483.8 million.

The XRP Ledger officially activated the fixCleanup3_1_3 amendment on May 27, 2026. While core developers describe the release as a vital infrastructure cleanup, the strict rollout schedule triggeredโฆ

The Ethereum Foundation (EF) is currently changing its operational setup after several high-profile departures. Between February and May 2026, at least eight senior contributors and researchers left orโฆ

The Anza development team recently launched a major network update on the testnet. This new Solana Alpenglow upgrade radically overhauls core network protocols. Consequently, it slashes block finalityโฆ