Labour Landslide Sets Up Starmer as UK Prime Minister With Unstated Crypto Plans

While the industry was not mentioned in the party’s manifesto or on the campaign trail, Labour has said it will support tokenization and a central bank digital currency.Source

Crypto Bulls Rack up $580M Liquidations as Bitcoin Drops 8%, Ether, Solana, Dogecoin Plunge

Traders previously warned of the bearish market reaction to Mt. Gox’s bitcoin repayments.Source

Bitcoin Slumps Below $54K as Mt. Gox Moves $2.6B in BTC

BTC slides to lowest since late February, breaching key price support.Source

Bitcoin Nosedives Under $58K Amid Mt. Gox, German Government Wallet Movements

A wallet belonging to a German official entity moved its largest stash of BTC to exchanges earlier today, while Mt. Gox wallets showed activity for the first time in a month.Source

Bitcoin Drops Below 200-Day Average, Brings Bull Market Trendline Into Focus

Markets that consistently trade below the 200-day SMA are said to be in a downtrend.Source

Decoding The $7B Decline in Bitcoin’s Notional Open Interest

The decline in notional open interest masks bullish undercurrents.Source

Mt. Gox Doomsday Scenario Involves Bitcoin Cash, Not Bitcoin: Analyst

Selling pressure from Bitcoin Cash (BCH) and lack of liquidity is the story to watch once Mt. Gox begins redemptions, writes Presto Research.Source

Bitcoin Plunges Under $59K as Crypto Bulls See $230M Liquidations

Solana’s SOL and dogecoin (DOGE) lead losses among major tokens, with the CoinDesk 20 index down 4.8%.Source

The Protocol: ‘Private Jet Brandization’ Is One Way Polkadot Burnt Cash

Crypto twitterati showed no mercy as Polkadot published a transparency report detailing spending on $87 million of DOT tokens – a lot of it on marketing. PLUS blockchain tech news and project highlights from the past week.Source

Global Banking Standard Setter Approves Disclosure Framework for Crypto Exposures

The Basel Committee’s framework, based on responses to a December 2022 discussion paper, must be implemented by 2026.Source