Bank of England: Proposes a ￡20,000 Limit on Individual Stablecoin Holdings

February 11 – Per monitoring by HyperInsight (via https://t.me/HyperInsight), the address tied to "Brother Ma Ji" (Li-Cheng Huang) ramped up his Ethereum (ETH) long position multiple times in nearly an hour, lifting the current holding to 5,025 ETH. Key details: - **Position**: 5,025 ETH long at 25x leverage - **Entry price**: $2,051.2 - **Liquidation price**: $1,973.4 - **Current unrealized loss**: $265,000 (66.6% drawdown) Over the past week, this "Brother" address has lost $853,400, with total losses topping $25.59 million.

On Feb. 11, SkyBridge Capital founder Anthony Scaramucci told the Consensus Hong Kong conference that his firm continues to buy Bitcoin despite the recent market downturn, revealing it has been gradually building its position at around $84,000, $63,000, and the current lower range. Bitcoin had previously fallen from above $126,000 in October to nearly $60,000 before rebounding to roughly $69,000. Scaramucci described buying Bitcoin during a downtrend as "catching a falling knife" but remains firmly bullish. He also noted former President Trump is "more crypto-friendly than his predecessor," though added Trump’s controversial geopolitical moves (such as comments about Greenland) could deepen partisan divisions and thus impact digital asset legislation. Additionally, Scaramucci stated that Solana—a programmable Layer 1 public blockchain—is poised to capture significant market share amid the competitive landscape for such networks.

As of Feb. 11, HTX market data shows ZRO’s 24-hour price surge has widened to 20.38%, currently trading at $2.259 with a market cap rising to $1.116 billion. Tether Investments announced a strategic investment in LayerZero Labs yesterday. The interoperable infrastructure, paired with Tether’s Wallet Development Kit (WDK), delivers underlying channels for real-world use cases including digital asset payments, settlement, and custody. Notably, LayerZero Labs also secured early-stage investment from FTX previously.

Another smart trader on $Trump bought $WAR. Trader 5MhdpM made $4.5M on $TRUMP and $281K on $DJT. Two hours ago, he spent 100 $SOL($8,230) to buy 220,405 $WAR.

On February 11, the White House hosted its second cryptocurrency summit, bringing together teams from the digital asset industry and traditional banking. The meeting aimed to bridge gaps between the two sides on multiple issues—with stablecoin yields likely the most critical. Crypto journalist Eleanor Terrett noted this gathering was “smaller in scale, more efficient” than the prior meeting. The top agenda item she cited? Banning stablecoins from generating yields, a push banks say would harm their “public” lending business—though the reality tells a different story. Ripple Chief Legal Officer Stuart Alderoty signaled a potential imminent agreement: “Today’s White House meeting was productive—there’s a growing spirit of compromise. Bipartisan momentum for smart crypto market structure legislation remains clear. We need to act now while the window is open to secure a real win for consumers and the U.S.” Coinbase Chief Legal Officer Paul Grewal commented: “The crypto industry is

On February 11, stablecoin infrastructure startup Levl announced it has completed a $7 million seed funding round, per Fortune magazine. The round was led by Galaxy Ventures, with participation from Protagonist, Deus X, Blockchain Builders Fund and other institutional investors. Levl plans to double its team size and prioritize expansion into the Latin America and Africa markets. The firm provides stablecoin payment infrastructure for digital wallets and fintech companies, serving over 20 clients with an annualized transaction volume exceeding $1 billion.