🇬🇧 The Bank of England has eased its proposed stablecoin framework. Under the updated rules, issuers will be required to hold at least 30% of their reserves with the central bank, paving the way for regulated UK stablecoins, which are expected to launch from 2027.
🇺🇸 🇺🇸 President Trump says after 4 months of war, "the Hormuz Strait is OPEN, THE OIL IS GUSHING, and the U.S. Stock Market and Jobs are at record HIGHS."
🇺🇸🇮🇷 U.S.- Iran peace talks have officially begun in Switzerland
Reports suggest Iran is expected to push for the release of frozen assets and discuss transit terms related to the Strait of Hormuz
Markets are closely watching the outcome, as any major breakthrough could have a significant impact on global risk assets, oil prices, and investor sentiment.📈
The largest single liquidation was a $12.02M $ETH USDT position on Binance.
The move highlights how aggressively positioned shorts were forced out as price expanded higher, fueling additional upside through liquidation-driven buying pressure.