Bank of England: releases new stablecoin proposal

[Belarusian President Lukashenko Supports Cryptocurrency Mining] Belarusian President Lukashenko expressed support for cryptocurrency mining in Belarus and believes that cryptocurrency could become an alternative to the US dollar.

The current total market value of cryptocurrencies is $340 trillion, with a 24-hour evaporation of $70.216 billion, a decrease of 2.02%. Among them, Bitcoin accounts for 56.15% of the market value, while Ethereum accounts for 11.44% of the market value.

Square announced the launch of Bitcoin payment services to 4 million American merchants through the Lightning Network, providing instant settlement and waiving processing fees by 2027. （Cointelegraph）

U.S. authorities secured several criminal convictions and gathered another $15 million in proceeds from North Korean crypto heists, the Justice Department said.

[Barclays Expects the Federal Reserve to Start Purchasing Treasury Bills in February Next Year] Barclays strategists anticipate that the Federal Reserve will begin purchasing Treasury bills in February next year. Barclays strategist Samuel Earl stated that, given the market's focus on repo rates, the Federal Reserve is currently in risk management mode, making it more likely to initiate asset purchases ahead of schedule.