According to Cointelegraph, Bank of England Governor Andrew Bailey has issued a cautionary statement regarding the issuance of stablecoins by banks, emphasizing the potential systemic risks they pose to financial institutions. Bailey suggested that the Bank of England should prioritize the tokenization of deposits instead. He expressed concerns that stablecoins could destabilize the financial system and undermine sovereign governments' control over their currencies. In an interview with The Sunday Times, Bailey also advised against the adoption of a central bank digital currency (CBDC) or the launch of a centrally-managed digital fiat token by the UK’s central bank. Bailey, who recently assumed the role of chairman of the Financial Stability Board (FSB), an international financial regulator, indicated his intention to address the proliferation of stablecoins during his tenure. Stablecoins, a significant sector within the cryptocurrency market, are primarily dominated by US dollar-denominated tokens. They offer the potential to enhance the geographic salability of fiat currencies by enabling on-chain payment rails, which could democratize access to major currencies like the US dollar, euro, and Japanese yen by reducing the need for extensive banking infrastructure for cross-border transactions. In contrast, the United States, under the Trump administration, has shown strong support for stablecoins. U.S. President Donald Trump’s administration has prioritized the establishment of comprehensive stablecoin regulations. At the White House Digital Asset Summit in March, US Treasury Secretary Scott Bessent highlighted that stablecoins could bolster US dollar dominance, ensuring its status as the global reserve currency. Overcollateralized stablecoin issuers back their digital fiat tokens with cash or short-term US Treasury bills, which are highly liquid. This approach allows private companies to tokenize US debt instruments, potentially alleviating inflationary pressures on the dollar by broadening the demand for US debt instruments globally. Federal Reserve Chairman Jerome Powell has also endorsed the development of cohesive stablecoin policies in the United States. However, European officials have expressed concerns about the US's stablecoin initiatives, warning that dollar-denominated stablecoins could threaten the EU financial system and potentially displace the euro. The ongoing debate highlights the differing approaches to stablecoin regulation and the potential implications for global financial stability.

BlockFi and DOJ settle $35M crypto asset case in U. S. court, ending related legal actions. source: https://coincu.com/348476-blockfi-doj-35m-crypto-settlement

Whale activity and bullish market structure hint at a breakout toward the $1. 60 mark. source: https://ambcrypto.com/what-fartcoins-2-mln-whale-movement-means-for-traders-targeting-1-60/

OKX market data shows that SOL fell below 160 USDT and is now at 159.89 USDT, with a 24-hour drop of 0.44%. (This newsletter is generated by AI)

Tokens are a new financial wrapper, akin to the exchange-traded funds (ETFs) that debuted on US exchanges in 1993, Christopher Perkins said. source: https://cointelegraph.com/news/real-world-asset-tokens-new-etfs-coinfund?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Coinbase chief legal officer Paul Grewal has denied the allegations that the exchange contributed to the Bloomberg story about World Liberty Financial and Binance. In a post on X, Grewal described the allegation as misinformation. According to him, Coinbase was not a source for the story as the exchange does not attack competitors. Thus, he […] source: https://www.cryptopolitan.com/coinbase-rejects-claims-it-leaked-bloomberg-story-tying-binance-to-trump-linked-coin/

أكد روبرت كيوساكي، مؤلف كتاب “Rich Dad Poor Dad”، مؤخرًا أنه اشترى المزيد من البيتكوين (BTC) بعد أن تجاوز سعرها 117,000 دولار. وعلى الرغم من تعليقاته السابقة حول انتظار الانخفاض، إلا أنه لا يزال يعتقد أن البيتكوين قد تصل إلى مليون دولار ويقول إنها لا تزال طريقًا واضحًا للثروة. source: https://www.thecoinrepublic.com/ar/2025/07/13/%d8%b1%d9%88%d8%a8%d8%b1%d8%aa-%d9%83%d9%8a%d9%88%d8%b3%d8%a7%d9%83%d9%8a-%d9%8a%d9%83%d8%af%d8%b3-%d8%a7%d9%84%d9%85%d8%b2%d9%8a%d8%af-%d9%85%d9%86-%d8%a7%d9%84%d8%a8%d9%8a%d8%aa%d9%83%d9%88%d9%8a/

XRP’s recent rally toward the $3 mark has been primarily driven by intense trading activity in South Korea. Available data shows that Upbit, the country’s leading exchange, played a central role in this surge. On July 12, crypto analyst Dom highlighted that net buy pressure of 45 million XRP on the spot markets fueled the price movement from $2. 60 to $3 source: https://beincrypto.com/xrp-price-rally-south-korea-upbit-influence/

Analysts voice concerns that MicroStrategy, the largest corporate holder of Bitcoin (BTC), may be sitting on a financial time bomb that could ripple through the entire crypto market. With over 597,000 BTC, equivalent to 3% of Bitcoin’s total supply, the business intelligence company-turned-Bitcoin proxy now poses what some call “crypto’s biggest liquidation risk. ” MicroStrategy’s $71 Billion Bitcoin Bet Raises Systemic Risk Concerns Bitcoin hit another all-time high (ATH) on Sunday, steadily edging towards the $120,000 threshold. This time, however, the surge comes amid institutional interest rather than retail buying momentum source: https://beincrypto.com/microstrategy-bitcoin-risk-liquidation-cascade/

Pump. fun sends 20. 15 billion tokens to exchanges Gate. io, Bybit, and suspected Kraken addresses, stirring market interest. source: https://coincu.com/348467-pump-tokens-exchanges-speculation

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