Bank of England Deputy Governor Breeden outlined the vision for tokenization and stablecoins, revealing plans to release a draft of systemic stablecoin regulations next month.
May 20 — Sarah Breeden, the Bank of England’s executive director for financial stability, told attendees at London’s 2026 City Week conference that the central bank’s upcoming strategy will center on tokenization to modernize the U.K.’s financial system. She noted that tomorrow’s retail payment infrastructure should support multiple interchangeable currency types: tokenized deposits, stablecoins, and other options, with distributed ledger technology (DLT) projected to cut payment costs, speed up transactions, and eliminate unnecessary intermediaries.
Breeden outlined her vision for an optimal multi-currency framework that fosters competition and consumer choice: beyond traditional bank deposits, the public should be able to use tokenized deposits, regulated stablecoins, and a potential retail central bank digital currency (CBDC) for payments.
On the concrete action front, the Bank of England plans to publish a draft rulebook for systemically important stablecoins next month, with fin
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The HYPE briefly surged above $49.5, becoming the top liquidated asset in the past hour.
May 20: According to data from Coinglass, HYPE briefly surged above $49.5, becoming the most heavily liquidated short position in the past hour, with total liquidations amounting to $1.6812 million.
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BiyaPay Launches Second Phase of "New User Welcome Offer," New Users Can Unlock up to $4,165 USDT Transaction Bonus
May 20 – According to official sources, BiyaPay has kicked off the second phase of its "New User Welcome Gift" promotion, with the participation deadline set at 23:59 (UTC+8) on June 3rd. The top reward for this campaign is a $4,165 USDT trading package, exclusive to new users who register for BiyaPay during the event period.
The promotion includes three core components: KYC verification rewards, new user basic tasks, and advanced trading tasks. New users who finish KYC verification and open a contract trading account will receive a $1,000 USDT contract experience position. Once they make a minimum deposit of $50 USDT and execute a single trade worth at least $500 USDT in either spot or contract trading, they qualify for an additional $2,000 USDT contract experience position. After completing designated contract trading volume tasks, users can unlock more contract experience positions plus cash rewards. For full terms and details, please refer to BiyaPay’s official announcement.
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Bitcoin Extends Losses for Fifth Day, Approaching Key Support Area, Bitfinex Long Leveraged Positions Reach Two-and-a-Half-Year High
**May 20 Crypto Update: Bitcoin’s Five-Day Slump & Bitfinex Whale Contrarian Signals**
Bitcoin has logged five consecutive down trading days spanning May 15–19, marking the second-longest daily downtrend of the year. Amid broader market weakness, the leading cryptocurrency has pulled back from above $80,000 to roughly $76,000, gunning for its first bullish candlestick in six sessions.
A key divergence here: leveraged traders on Bitfinex have steadily added to their long positions during this slump. TradingView data shows Bitfinex’s long leverage positions now sit at 80,636 BTC—up ~1.5% in recent days, hitting their highest level in two and a half years. The last time long positions hit this peak was in December 2023, when BTC traded near $43,000. Year-to-date, Bitfinex’s long leverage holdings have climbed ~10%, even as Bitcoin’s price has dropped 13% over the same window. This gap signals that, despite being 35% below last October’s all-time high of $126,000, large traders are s
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Trump-Owned Truth Social Withdraws Bitcoin ETF Application
WASHINGTON, May 20 (Reuters) – Trump Media & Technology Group (TMTG) has officially withdrawn two S-1 registration statements for a Bitcoin exchange-traded fund (ETF) and a combined Bitcoin-Ethereum ETF from the U.S. Securities and Exchange Commission (SEC), regulatory documents obtained by Decrypt show.
The withdrawal was filed on May 19 Eastern Time. In the filings, TMTG cited an evaluation of the current market competitive landscape and adjustments to the company’s strategic priorities as the basis for the move, though the firm did not specify whether it will refile the applications in the future.
TMTG originally submitted the two ETF proposals in March, with plans to launch the products under its Truth Social brand. If approved, the ETFs were set to be custodied by Custodia Bank, per the initial filings.
James Seyffart, an ETF analyst at Bloomberg Intelligence, expressed surprise at the decision in a social media post, noting the stated reasons lack sufficient clarity. He specul
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Bitunix Zero-Fee Campaign Now Live—Trading Fees on Selected Tokens Drop to0%
Starting May 20th, users can log in, pick any of the designated trading pairs, and take advantage of a true zero Maker and zero Taker fee offer across spot trading, futures, and copy trading. This campaign features 10 high-demand tokens: SOL, XRP, SUI, LAB, B, TON, SKYAI, DOGS, DOGE, and TST.
As demand for low-cost trading continues to grow, Bitunix is moving forward with its fee optimization strategy to build a more competitive trading environment for users around the world.
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