Sunday Top Crypto News
In one short thread…
According to The Daily Telegraph, UK Chancellor Rachel Reeves is considering selling over £5 billion in Bitcoin seized by police to help close a fiscal gap.
The assets include 61,000 BTC confiscated in 2018 from a Chinese Ponzi scheme. The Home Office is developing a “crypto storage and realisation framework” to manage and liquidate the holdings, with a tender offering up to £40 million in commission.
Mastercard's global policy head Jesse McWaters called the GENIUS Act a “turning point” for mainstream stablecoin adoption, citing increased regulatory clarity and institutional confidence…
He noted that regulated entities can now issue USD-backed stablecoins, with major firms like JPMorgan, Citi, BofA, Amazon, and Apple already advancing plans. “Mastercard has been preparing for this,” he added.
The IMF's latest report says El Salvador hasn’t bought Bitcoin since February 2025, citing a letter from top officials.
It notes recent reserve increases came from internal wallet consolidation, not new purchases—contradicting President Bukele’s claims of daily 1 BTC buys.
According to Etherscan, after nearly four months of inactivity, dYdX: Rewards Treasury burned 24.066 million DYDX tokens today at 13:13, worth approximately $15.7 million.
To date, around 123 million DYDX tokens have been burned, with a total burn value of approximately $79.42 million.
In the macro space, according to WSJ, U.S. Treasury Secretary Scott Bessent has privately advised Donald Trump against removing Fed Chair Jerome Powell, citing strong economic performance, the likelihood of Fed rate cuts later this year, and potential legal and political risks….
Bessent also noted that Powell's term ends in May, allowing for a natural transition. Trump described Bessent as “reassuring.”
Crypto majors trade at the following levels
BTC 117,850 (flat over 24 hours)
ETH 3,655 (up 2.3%)
XRP 3.409 (down 0.9%)
SOL 177.20 (up 0.2%)
Have a great day!
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