Cryptocurrency

• Bitcoin and other cryptocurrencies experienced significant price fluctuations as geopolitical tensions surrounding the Iran conflict escalated, with investors reassessing risk exposure.

Government review also recommends donations from Britons abroad be capped potentially at £300,000 a yearUK politics live – latest updatesPolitical funding from British citizens living abroad should be capped at between £100,000 and £300,000 a year and donations in cryptocurrency temporarily banned, a government review has recommended.The findings by Philip Rycroft, a former permanent secretary at the Home Office, will be a blow to Reform UK, which has received about £12m in the last year from the Thai-based investor Christopher Harborne and other donations from a number of donors based in Monaco. Continue reading...

• Senators Thom Tillis (R-N.C.) and Angela Alsobrooks (D-Md.) announced a tentative agreement with White House officials Friday on cryptocurrency legislation addressing the clash between banks and digital asset firms over stablecoin yield payments. • The agreement aims to bar yield payments 'on a passive balance' to prevent deposit flight from traditional bank accounts to cryptocurrency platforms, addressing Wall Street concerns about customer capital migration. • The breakthrough could unblock landmark crypto regulatory legislation stalled in Senate Banking Committee since January and represents potential progress toward comprehensive digital asset framework.