Day: November 5, 2025

UK’s Top Bank Says Stablecoin Rules Will Roll Out as Quickly as US

admin

Bank of England Deputy Governor Sarah Breeden expects the government to keep pace with the US in stablecoin regulation, stating that it is “really important” for the allies to be synchronized on rules governing the $310 billion industry. Speaking at the SALT conference in London on Wednesday, Breeden reportedly said the UK will implement a stablecoin regulatory framework “just as quickly as the US” — rebuffing fears that it is falling behind, particularly after the US passed the landmark GENIUS Act in July. Source: Bloomberg Breeden confirmed that UK regulators…

Franklin Templeton Launches Tokenized US Government Fund in Hong Kong

admin

Franklin Templeton has launched a tokenized US dollar money market fund for professional investors in Hong Kong, expanding its crypto offerings in Asia. According to a statement shared with Cointelegraph on Wednesday, the Franklin OnChain U.S. Government Money Fund is the first end-to-end tokenized structure by an asset manager to integrate issuance, distribution and servicing directly onchain in Hong Kong. The tokenized fund will be initially available only to institutional and professional investors. It is registered in Luxembourg under a regulated framework that allows investment funds to be sold across the…

This Cryptocurrency Explodes by 160% After Backing From Binance: Details Here

admin

The asset’s price skyrocketed above $4 before quickly retracing to nearly $1. The cryptocurrency market is a sea of red today (November 5), with most leading digital assets posting substantial losses after yet another market collapse. However, one lesser-known altcoin has soared by triple digits following support from the biggest crypto exchange. The Impressive Pump Binance added Momentum (MMT) to various programs, including Binance Simple Earn, “Buy Crypto,” Binance Convert, Binance Margin, and Binance Futures. The announcement triggered a major rally for the digital asset, whose valuation briefly skyrocketed…

Franklin Templeton Launches Tokenized US Government Fund in Hong Kong

admin

Franklin Templeton has launched a tokenized US dollar money market fund for professional investors in Hong Kong, expanding its crypto offerings in Asia. According to a statement shared with Cointelegraph on Wednesday, the Franklin OnChain U.S. Government Money Fund is the first end-to-end tokenized structure by an asset manager to integrate issuance, distribution and servicing directly onchain in Hong Kong. The tokenized fund will be initially available only to institutional and professional investors. It is registered in Luxembourg under a regulated framework that allows investment funds to be sold across the…

XRP DEX Hits 954K Transactions as Price Faces Selling Pressure

admin

The price of XRP has dropped to $2.21 despite record usage of XRPL’s native DEX, revealing a worrying market divergence. The XRP Ledger’s native decentralized exchange (DEX) just hit an all-time high of 954,000 daily transactions on November 4, according to on-chain data. While this activity marked one of the busiest days in recent months for the network, the market performance of its associated XRP token presents a different picture. Record XRP DEX Activity Fails to Lift Price At first glance, the increase in the number of transactions appeared…

UK High Court Issues Mixed Ruling in AI Intellectual Property Case

admin

The United Kingdom’s High Court of Justice issued a mixed ruling on Tuesday in the Getty Images v. Stability AI intellectual property case filed in 2023, which mostly favored Stability AI but left key questions unanswered about AI’s use of copyrighted material. Getty owns a library of copyrighted online stock images — which it licenses to users for a fee — and alleged that Stability’s Stable Diffusion AI model, which is trained using online material, infringed upon its trademark and copyrighted material. Stability’s Stable Diffusion AI model infringed on Getty’s…

US Lawmakers to Meet with Trump’s Crypto Czar, Discuss Bill: Report

admin

Discussions over the digital asset market structure bill currently being considered in the US Senate are reportedly still happening amid the longest government shutdown in the country’s history. According to a Tuesday Politico report, Republican Senator John Boozman with the Senate Agriculture Committee — one of the committees that will need to approve the bill before consideration in the full chamber — will discuss the market structure legislation with White House crypto and AI czar David Sacks and Democratic Senator Cory Booker. The reported call will come as lawmakers prepare…

Crypto Set to Soar as QT Ends and Global Stimulus Returns

admin

Pal says $10 trillion in U.S. debt rollover will trigger fresh Treasury spending, weaken the dollar, and strengthen risk markets. A significant tightening of U.S. dollar liquidity is pressuring crypto markets, with Bitcoin (BTC) temporarily falling to a five-month low near $99,000. Despite the current downturn, prominent macro analyst Raoul Pal is telling investors that a massive wave of global fiscal and monetary stimulus is on the horizon, setting the stage for a powerful crypto recovery. Pal and Hayes Point to Liquidity as Crypto’s Next Big Catalyst Pal’s optimism…

CMT Digital Closes $136M Fund to Back Next Wave of Blockchain Startups

admin

CMT Digital, a Chicago-based venture capital firm specializing in digital assets, has closed its fourth fund, raising $136 million to back blockchain startups. The fund will target founders developing the next wave of crypto infrastructure and applications, as regulatory clarity improves and institutional adoption accelerates, according to an announcement on Wednesday. Investment partner Sam Hallene told Fortune that the fund drew backing from a mix of wealthy individuals, family offices, and institutional investors, though he declined to name participants in the round. CMT Digital has already committed about a quarter…

Circle Changes Policy, Allows Users to Buy Certain Weapons with USDC

admin

Stablecoin issuer Circle updated its policy for one of its tokens to clarify rules around prohibited transactions, explicitly addressing the use of legally obtained firearms and weapons. Crypto sleuths and reports from this week noted that Circle had updated its terms for its USDC (USDC) stablecoin. The terms specifically stated that the platform had the “right to monitor and, if appropriate, block or otherwise prevent transactions” related to the purchase of firearms, ammunition, explosives and other weapons. However, users noted that Circle had updated the terms to include weapons “in…