[Bank of England: Stablecoin Holding Limits Are Transitional Measures]
The Bank of England stated that the limit of 13,000 to 27,000 stablecoins set for holdings is a temporary measure aimed at ensuring financial stability during the transition period. (Cointelegraph)
[Florida Proposes Establishing Bitcoin Reserve]
Florida has submitted Bill No. 183, proposing to allow 10% of public funds to be invested in Bitcoin to establish a strategic Bitcoin reserve. (Bitcoin Archive)
Hedera’s HBAR token saw a dramatic 5% intraday swing as institutional investors drove heavy volatility, with early gains erased by late-session corporate liquidation pressure.
Crypto markets extended their steep losses Thursday as altcoins plunged and bitcoin tested key support, with derivatives data showing cautious sentiment amid fading liquidity.