Bitcoin holds steady near $64,000 as monero, hyperliquid outperform

[UK APPG Sends Letter to Major Banks Requesting Clarification on Crypto Business Account Restriction Policies] According to a report by (Bitcoin.com), the UK All-Party Parliamentary Group (APPG) on Crypto and Digital Assets co-chairs Gurinder Singh Josan and Lord Vaizey sent a letter on August 11 to the CEOs of major UK banks, requesting clarification on policies regarding account services and transaction restrictions for crypto businesses. They also inquired whether these policies would be adjusted under the new regulatory framework. The MPs highlighted that access to banking services is a barrier to the development of crypto businesses in the UK. Economic Secretary to the Treasury Lucy Rigby stated that FCA-authorized crypto businesses should not face restrictions solely due to the nature of their industry. The deadline for submitting written evidence for the inquiry is August 31, and the APPG will use this to make policy recommendations to the government.

Crypto markets remain in a low volatility holding pattern, trading in a tight range following Wednesday's CPI report.

Deribit has been granted a broker dealer license by the Dubai Virtual Asset Regulatory Authority (VARA). This license enables Deribit to enhance its spot trading services, with Coinbase exchange serving as a liquidity provider, providing Deribit customers with liquidity and hundreds of new assets.

According to Token Terminal data, Binance bStocks has surpassed xStocks to become the second largest tokenized stock issuer with a value of $610.6 million, while Ondo maintains its market leading position with approximately $927 million. （Cointelegraph）

According to a report by Jin10, 83% of economists expect the European Central Bank to raise the deposit facility rate by 25 basis points to 2.50% in September. Nomura Securities pointed out that if the European Central Bank raises interest rates once, it is likely to raise them again. Considering that raising interest rates in June is an obvious choice, the possibility of raising interest rates again is high.