- Bitcoin holds steady near $77K-$79K as traders await Fed decision - Ethereum stability above $2,400 signals cautious optimism - Total crypto market cap stays around $2.7T with mixed altcoin action - Fear & Greed Index at 69 shows continued risk-on sentiment
The UK Financial Conduct Authority has confirmed it will open a formal application window this month for crypto firms seeking authorization
UK crypto firms must reapply under new Financial Services and Markets Act rules Existing AML registrations will NOT automatically convert Firms that miss the window can only serve existing users and cannot onboard new customers Full regulatory regime starts October 2027 FCA will prioritize stablecoin payments and market integrity
Major exchanges like Binance and Bybit operating in UK will need fresh approval Non compliant firms may be forced to exit UK market in an orderly manner
Regulation is moving from gray zone to full licensing Crypto firms must now meet stricter standards to operate in UK
Breaking: Red Sea Tensions Escalate After Houthi Attacks
Iran-backed Houthis have struck Saudi airbase in Khamis Mushait and oil infrastructure in nearby cities wounding 73 people This marks one of the biggest attacks on Saudi Arabia since February
Pakistan has delivered a warning to Iran to rein in Houthi allies amid rising fears of regional escalation Defence Minister Khawaja Asif stated any aggression spilling into Saudi Arabia will trigger joint security arrangements with Riyadh and Ankara
Houthis also announced capture of strategic port city Mocha on Red Sea raising concerns for global shipping routes
Market impact to watch Oil prices climbed following the attacks Shipping risks in Red Sea and Gulf region have increased Safe-haven assets like USDT and USDC typically see higher demand during geopolitical uncertainty
Stay alert for updates on energy markets and regional stability