[News Brief] Apr 22, morning | Bank of England Releases Final Draft Policy for Systemic Stablecoins, Scraps Holding Cap

Bank of England Releases Final Draft Policy for Systemic Stablecoins, Scraps Holding Cap

The Bank of England has published its final policy statement and draft rules for systemically important stablecoins, easing some parts of its earlier regulatory proposal.

According to Odaily, the Bank of England has withdrawn the individual holding cap it had previously considered and set a temporary issuance limit of £40 billion per stablecoin.

It also said issuers may hold up to 70% of reserve assets in short-term UK government bonds, up from the previously proposed 60%. The remainder must be kept as non-interest-bearing deposits at the Bank of England.

Public consultation will run through September 22. The rules are expected to be finalized by the end of 2026, and regulated stablecoins are likely to begin operating in the UK in 2027.

US Crypto Industry to Meet Senators, Urge Passage of Bill Clarifying Bitcoin Regulation

More than 50 representatives from the US cryptocurrency industry are expected to meet with senators to push for passage of legislation that would clarify bitcoin-related regulations, according to Bitcoin Historian on X.

He claimed that the crypto regulatory clarification bill could soon head to the White House for President Trump’s signature. The bill is said to establish clearer regulatory standards for digital assets in the United States.

Bithumb Lists CC Token on KRW Market

Bithumb announced that it will list CC token on its KRW market.

According to the notice, trading for CC will begin at 14:00 local time. A KRW market listing could improve accessibility for domestic investors.

Upbit Lists Arcium (ARX) on KRW Market

According to Odaily, Upbit has announced the listing of Arcium (ARX) on its KRW market.

With this listing, domestic investors will be able to trade ARX directly in Korean won.

ONDO Team Multisig Address Transfers 150 Million ONDO

According to PANews, on-chain analyst Ai Yi Mo said that an ONDO team multisig address transferred 150 million ONDO to address 0xEA5…675e1.

The transfer was worth approximately $49.56 million. Since April 22, the address has cumulatively received 425 million ONDO, valued at around $147 million. Tokens received in the previous two transfers were split and later deposited to Coinbase, while the purpose of this latest transfer remains unclear.

Whale Opens 1,100 BTC Long Position With 40x Leverage

According to Lookonchain monitoring, a whale opened a 1,100 BTC long position using 40x leverage.

The position is valued at approximately $70.54 million, with a liquidation price of $61,724.22.

Whale Opens $24.34 Million SOL and ETH Long Positions

According to Onchain Lens monitoring, a whale opened long positions in Solana (SOL) and Ethereum (ETH) worth a combined $24.34 million.

The positions consist of a 20x leveraged long on 225,000 SOL and a 25x leveraged long on 4,723 ETH. While whale positions can serve as an indicator of short-term market sentiment, individual trades alone do not determine price direction.

999 BTC Moved From Coinbase to Anonymous Wallet

According to Whale Alert, 999 BTC was transferred from Coinbase to an anonymous wallet.

The transfer was worth approximately $64.68 million, marking a large bitcoin outflow from an exchange.

135.49 Million USDC Transferred From Anonymous Whale Wallet to Aave

According to Whale Alert, 135,494,330 USDC, worth about $135.54 million, was transferred from an anonymous whale wallet to Aave.

The transaction was confirmed on the Ethereum network. Large stablecoin transfers of this kind may be related to DeFi deposits or lending activity, though the specific purpose has not been disclosed.

Hong Kong SFC Adds Aurum/Aurum Foundation to Suspicious Virtual Asset Trading Platform Alert List

Hong Kong’s Securities and Futures Commission (SFC) has added Aurum/Aurum Foundation to its list of suspicious virtual asset trading platforms, according to PANews.

The SFC said the entity claimed to be a Hong Kong-registered company and offered virtual asset, futures contract, and derivatives trading services through its website, despite allegedly operating without an SFC license.

The alert list is intended to warn investors about the risks of using unlicensed or suspicious platforms.