Cross‑party MPs and members of the House of Lords have urged UK Chancellor Rachel Reeves to rein in the Bank of England’s proposed regime for systemic stablecoins. A cross-party group of members of the House of Commons and the House of Lords in the United Kingdom, including former Defense Secretary Sir Gavin Williamson, shadow Science and Tech (AI) Minister Viscount Camrose and the former Prime Minister Rishi Sunak’s chief whip, Lord Hart, have urged Chancellor Rachel Reeves to intervene over the Bank of England’s proposed regime for systemic stablecoins. In a joint open letter to the chancellor on Thursday, they warned that the Bank of England’s proposals for regulating stablecoins could drive innovation and capital offshore. The parliamentarians said the plans risk turning the UK into a “global outlier” by barring most wholesale use of stablecoins outside the Digital Securities Sandbox, prohibiting interest on reserves and imposing what they call “impractical and anti-innovation” holding caps that could pus...
The gap between equities and Bitcoin got wider after Bitcoin’s post-all-time-peak correction in October. The US Federal Reserve announced its third interest rate cut of the year on Wednesday, lifting US equities while Bitcoin (BTC) slipped before bouncing back. That dynamic has defined the second half of 2025. Even as capital flows into Bitcoin are increasingly tied to traditional equity investors, the cryptocurrency has continued to diverge from the stock market. Over the past six months, Bitcoin has fallen almost 18%. Meanwhile, the three major US stock indexes posted strong and consistent gains, with the Nasdaq Composite up 21%, the S&P 500 rising 14.35% and the Dow Jones Industrial Average climbing 12.11%. Read more
The wallet-native feature lets users trade tokenized event contracts across politics, economics and culture without leaving Phantom. Crypto wallet application Phantom has partnered with regulated prediction market Kalshi to bring event-based trading directly into its wallet interface, signaling a deeper convergence between onchain finance and real-world outcome betting. The companies said on Friday that the integration would allow Phantom users to discover trending events, track live odds and place bets without leaving their wallets. A new feature called Phantom Prediction Markets will allow users to trade tokenized positions that reference Kalshi’s event markets across politics, economics, sports and culture. Read more
In comments Thursday, SEC Chair Paul Atkins doubled down on his vision for tokenized US financial markets and onchain settlement. Traditional financial markets are moving rapidly onchain as the US Securities and Exchange Commission chair doubled down on the idea of an “innovation exemption” to accelerate tokenization. “U.S. financial markets are poised to move on-chain,” wrote Paul Atkins, chair of the SEC, in a Friday X post, adding that the agency is “embracing new technologies to enable this onchain future.” His comments come shortly after the SEC issued a “no action” letter to a subsidiary of the Depository Trust and Clearing Corporation (DTCC), enabling it to offer a new securities market tokenization service. Read more
Binance quietly rolled out API endpoints pointing to stock perpetual futures, potentially signaling a renewed push into stock trading after a failed 2021 launch. Crypto exchange Binance has added new features to its application programming interface (API), indicating that the platform is preparing to introduce stock trading capabilities. Binance’s changelog notes that on Thursday, the exchange introduced three new API endpoints, one of which — with a URL including stock/contract — allows users to “sign [a] TradFi-Perps agreement contract.” The two other endpoints introduced on the same day allow users to query “trading session schedules for a one-week period” or “current trading session information.” Together, this suggests that Binance is planning to introduce perpetual futures trading on its platform. The existing trading schedule endpoints also suggest trading will likely occur in sessions, as in traditional finance, rather than following crypto’s 24/7 nature. Read more