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The UK May Partially Ease Stablecoin Holding Limits

3 hours ago

On October 8th, the Bank of England intends to waive its proposed limit on holding stablecoins, enabling cryptocurrency exchanges and other specific businesses to hold a greater amount of stablecoins. It is expected that the Bank of England will announce these stablecoin restriction measures by the end of this year. Meanwhile, the Bank will also permit businesses to utilize stablecoins as settlement assets within its "digital securities sandbox" so that they can observe the practical operation of stablecoins while assessing the potential application of this technology. Earlier reports indicated that several crypto companies are lobbying the Bank of England to reexamine its stablecoin holding limits. These companies argue that such limits place the UK at a disadvantage as its regulation of the stablecoin industry is more stringent compared to that of the US or the EU. The Bank of England had previously planned to set the limit for individual stablecoin holdings at £10,000 to £20,000 and the limit for business holdings at £10 million. (Jinse Finance)
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Ark Invest Sells Another 17,828 Shares of SOL Treasury Company Brera Holdings

On October 8th, according to the data of Ark Invest Tracker, Ark Invest announced that on October 7th, it once again sold 17,828 shares of the SOL treasury company Brera Holdings through its ARKK fund, with a value of approximately $335,000. It is reported that the ARKK fund sold about 54,400 shares of Brera Holdings yesterday. In the past two days, its holdings of the company's stock have been reduced by a total of 72,228 shares.

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Crypto Fear & Greed Index currently at 60, market sentiment still in a "Greed" state

On October 8th, according to Alternative Data, the Fear and Greed Index of cryptocurrencies today is 60 (yesterday it was 70), suggesting that the market sentiment still remains in a "Greed" state. Note: The Fear and Greed Index has a threshold ranging from 0 to 100 and incorporates the following indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin's Dominance in the Market (10%) + Google Trends Analysis (10%).

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ECB Governing Council Member: Current Inflation Close to 2% Target and Manageable, Downside Risks Evident in the Coming Years

October 8th. A board member of the European Central Bank (ECB), Lane, cautioned that there exists a risk of the growth of consumer prices slowing down beneath the 2% target. Lane mentioned that we are currently generally around this target level, thus the current situation is acceptable. However, in the coming years, risks of inflation trending downward have emerged. These encompass factors like the strength of the euro, the stabilization of wage growth, and service inflation. The ECB is "closely observing medium-term inflation trends." Lane pointed out that there are currently numerous uncertainties, both from geopolitical tensions and from the uncertainty brought about by trade wars. Consequently, we will make decisions at subsequent meetings based on the latest data and analyses, and take actions based on a comprehensive assessment. (FXStreet)

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Grvt: The Season 1 airdrop query is now live, with the TGE expected to launch in Q1 2026

On October 8th, the decentralized perpetual contract trading platform Grvt announced on social media that the query for the first season airdrop is now available, and users can check the airdrop allocation ratio. Early users and active contributors of the first season have received significant rewards. The second season airdrop event is still in progress, and the TGE is expected to be launched in the first quarter of 2026.

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Three Traders Achieve Over $17 Million in Unrealized Gains by Trading Meme Coins in the BSC Ecosystem

On October 8th, according to the monitoring of LookOnChain, three traders are currently holding a floating profit of more than $17 million from trading meme coins in the BSC ecosystem. These traders include: · Stay Cool Stay Cool Stay Cool (@hexiecs): Making a profit of $5.5 million on "Binance Life"; making a profit of $361,700 on "4"; making a profit of $219,500 on GIGGLE. · Wang Xiao Er (@brc20niubi): Earning $5.4 million on "Binance Life"; earning $736,000 on "4"; earning $228,300 on GIGGLE. · Shen Da Gao Cai Sheng.eth (@GCsheng): Making a profit of $4.8 million on "Binance Life"; making a profit of $26,800 on "Customer Service Xiaohe".

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A whale has deposited 5.8 million USDC into Hyperliquid to short MON with 3x leverage.

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