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In brief The Bank of England may exempt crypto-exchanges and other big firms from its proposed £10 million ($13.3 million) limit on stablecoin holdings. The central bank would retain the cap for individuals, who would be limited to holding a maximum of between £10,000 and £20,000 ($13,300 and $26,600). Industry figures believe that the caps should be lifted altogether, since they are impractical and could undermine the growth of the UK’s crypto sector. News that the Bank of England could allow certain exemptions for its planned stablecoin holding cap has been greeted with muted enthusiasm from within the UK crypto…

Financial institutions are quickly waking up to the “debasement trade,” according to commentators, which could be a boon for assets such as gold and Bitcoin. Institutions have a new concept to cling to called the “debasement trade,” which will be the thing that protects them, said entrepreneur Anthony Pompliano in a podcast on Thursday.  It’s the same thing that goldbugs and Bitcoiners have been talking about for years, and now institutions have just realized that “no one is ever going to stop printing money,” he added.“This now feels like there is no longer a debate about this. People realize the dollar and…

HashKey Group, the owner of Hong Kong’s top licensed crypto exchange, has reportedly filed for an initial public offering (IPO) in the city.According to a Friday Bloomberg report citing anonymous sources with knowledge of the matter, HashKey Group could be aiming for a listing in Hong Kong this year. The IPO could raise up to $500 million, according to the sources cited in the report.HashKey is Hong Kong’s top crypto exchange with a 24-hour volume of nearly $117 million at the time of writing, according to CoinGecko data. The exchange’s popularity has also made it a target for scammers.According to…

Bitcoin BTC$121,431.56 miners are extending gains in pre-market trading as the artificial intelligence and high-performance computing (AI/HPC) boom accelerates, particularly benefiting those pivoting their operations toward AI infrastructure. IREN (IREN) is up 4% at $66 after a 6% rise on Thursday, now up more than 520% year-to-date. TerraWulf (WULF) is 5% higher pre-market after a 10% surge on Thursday, bringing its YTD gain to 150%. Other notable movers include Cipher Mining (CIFR) CleanSpark (CLSK) and Bitfarms (BITF), which all trade 2%-4% higher in pre-market.The total market capitalization of the miners is nearing $90 billion, according to Farside data, and on…

Key takeaways:XRP’s (XRP) drop toward $2.80 was preceded by a significant amount of transfers from large holders, which some analysts said may fuel a deeper price correction. Whales are offloading their XRPXRP whales, or entities holding large amounts of tokens, have intensified their sell-side activity as the price dropped below $3. Related: Ripple to bring RLUSD stablecoin to Bahrain via new partnershipAnalyzing XRP Whale Flow data, using a 30-day moving average, CryptoQuant analyst Maartunn said that $50 million worth of XRP is leaving whale wallets daily.He added:“Selling pressure persists.”XRP: Whale Flow 30DMA change. Source: CryptoQuantThis aligns with a surge in XRP supply…

South Korea’s National Tax Service (NTS) is expanding its crackdown on tax evasion, warning that even crypto assets stored in cold wallets will be subject to seizure.According to a report from local news outlet Hankook Ilbo, an NTS official said the agency is prepared to conduct home searches and confiscate hard drives and cold wallet devices if it suspects that tax delinquents are hiding their crypto assets offline. “We analyze tax delinquents’ coin transaction history through crypto-tracking programs, and if there is suspicion of offline concealment, we will conduct home searches and seizures,” the NTS spokesperson reportedly said. Under the country’s National…

A privacy coalition has urged the Irish government to abandon work on a pre-draft bill that would grant law enforcement access to encrypted messages.Ryan Polk, an author at the Global Encryption Coalition (GEC), which advocates for and defends encryption worldwide, penned an open letter on Thursday, arguing that legislation proposed by Minister for Justice Jim O’Callaghan could lead to increased cybercrime and deter businesses from the country.“Any country that undermines encryption risks threatening the privacy and security of people far beyond its borders. But Ireland, as host to the EU headquarters of major tech companies including Apple and Meta, bears…

Bitcoin’s BTC$121,792.92 implied volatility (IV) gauge has climbed to a 2.5-month high, consistent with the seasonal trends. Volmex’s bitcoin implied volatility index, BVIV, which represents the annualized expected price turbulence over four weeks, has topped 42%, the highest since late August, according to data source TradingView. IV measures the market’s expectations for future price swings based on options pricing. Higher IV suggests traders are anticipating larger price movements ahead.The BVIV rose early this month alongside an upswing in BTC’s price and has continued to climb despite the latest pullback from the record high of over $126,000 to around $120,000.Bullish seasonalityBVIV’s…

Traders are flocking to the ZK-powered perpetuals trading platform amid the ongoing airdrop craze, and its OTC points market is going parabolic.As traders flock to tokenless perpetuals exchanges in pursuit of “the next Hyperliquid airdrop,” trading volumes hit a record $1 trillion in September, and as the sector heats up, the Lighter exchange’s activity-based points have hit an all-time high on over-the-counter (OTC) markets.The Lighter points system has been live since its closed beta launched in February, but valuations have skyrocketed over the last month.The leading Lighter OTC market, SOTC, cleared its first seven-figure transaction on Oct. 7, which also…

Canary Capital’s Trump Coin ETF (ticker: TRPC) has appeared on the Depository Trust & Clearing Corporation (DTCC) platform, a key milestone that typically indicates operational readiness for clearing and settlement. Related Reading While that energized traders, it’s not a green light to trade as the SEC must still approve the fund, and analysts broadly expect a decision no earlier than early 2026. Even so, the listing places TRPC alongside a growing wave of crypto-themed products, most notably 21Shares’ DOGE ETF, that signal rising institutional appetite for meme-coin exposure via regulated wrappers. TRUMP’s price trends to the downside on the daily…