Bank of England ready to water down ‘overly conservative’ stablecoin proposals: FT

The Bank of England (BOE) will relax proposed restrictions on stablecoin holdings, amid pressure from digital asset industry players, the Financial Times reported on Thursday. Deputy Governor for Financial Stability Sarah Breeden said the central bank’s initial plan to limit individual holdings to a maximum of 20,000 pounds ($27,000) per coin may have been “too…

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Oilers reportedly fire Kris Knoblauch after seeking permission from Golden Knights to interview Bruce Cassidy

Edmonton Oilers head coach Kris Knoblauch is leaving, TSN’s Ryan Rishaug reports. The news comes after Frank Seravalli reported earlier this week that the Oilers had sought permission from the Vegas Golden Knights to interview Bruce Cassidy. Knoblauch, 47, succeeded Jay Woodcroft in November 2024 and immediately turned things around, leading Edmonton to back-to-back Stanley…

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US agents arrest tourist after video shows a rock hurled at endangered Hawaii monk seal’s head

A tourist was widely condemned in Hawaii after a witness recorded him throwing a coconut-sized rock at Lani, a beloved endangered Hawaiian monk seal on a Maui beach, after being arrested by federal agents on Wednesday. Igor Mykhaylovych Lytvynchuk, 38, of Covington, Washington, was charged with molesting a protected animal, the U.S. Attorney’s Office in…

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Taiwan considers resubmitting request for rejected defence budget items

TAIPEI, May 14 (Reuters) – Taiwan’s government said on Thursday it was considering resubmitting its request to Congress given the importance to Taiwan’s security of items that lawmakers cut from the special defense budget. Taiwan’s opposition-controlled parliament last week approved only two-thirds of the $40 billion special defense budget requested by President Lai Ching-te to…

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Coinbase (COIN) backs Hyperliquid (HYPE) stablecoin push as DeFi trading volumes climb

Coinbase (COIN) is expanding its presence on Hyperliquid (HYPE), one of the fastest-growing exchange networks for cryptocurrencies, by becoming the official vault deployer of USDC on the blockchain, the company announced Thursday. The move gives Coinbase a central role in managing USDC liquidity on Hyperliquid through the network’s Aligned Quoted Assets (AQA) framework. The system…

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Why bitcoin’s recent climb to $80,000 might just be a temporary liquidity squeeze

Bitcoin’s on-chain indicators are flashing their most constructive signals since early February, but underlying seller behavior and derivatives positioning suggest the path to new highs won’t be easy, Bitfinex said in an analyst note to CoinDesk on Thursday. Long-term holders have increased their Bitcoin holdings by 300% to nearly 4 million tokens since late 2025,…

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