Bitcoin touched its highest level since January on Monday, briefly crossing the $85,000 mark and closing above its 50-week moving average for the first time in 45 weeks. On Thursday, the Fed and the CFTC each published separate proposals on stablecoins and tokenized assets, with the Fed opening a public consultation on mandatory short-term Treasury backing for stablecoins. That same evening, Bitget suffered a hack worth $351.6 million, the largest of the year, with early signs pointing toward North Korean involvement. Separately, the NYSE signed a non-binding agreement with Blockchain.com to manufacture and distribute tokenized securities to 44 million accounts, and the ECB signaled its intent to revisit MiCA’s 60% banking reserve requirement for major stablecoin issuers.
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