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In today’s episode: The UK is selling 61,000 confiscated bitcoins, Tether confirms its US stablecoin plans, Trump signs the first US stablecoin law, Australians get mortgages with bitcoin, and CoinDCX loses $44 million to hackers.
🇬🇧 UK to release a massive batch of confiscated bitcoins
British authorities will auction off 61,000 BTC seized from a major fraud case involving Chinese national Jian Wen. While some politicians, like Nigel Farage, suggested creating a state crypto reserve, the government plans to sell the coins through a £40 million tender. The sale could influence both the UK’s economy and the global crypto market.
🇺🇸 Tether’s US expansion confirmed
Tether CEO Paolo Ardoino announced plans to launch a US version of USDT, fully compliant with the new GENIUS Act signed by President Trump. The company earned $13 billion last year and will restructure reserves to meet the law’s strict backing requirements. The American stablecoin version is expected around 2026.
🗽 Trump signs historic stablecoin law
Donald Trump signed the GENIUS Act — the first federal stablecoin law in the US. It requires 100% backing by liquid assets, annual audits for large issuers, and bans paying interest to holders. The law aims to unlock the potential of dollar stablecoins and clarify market rules.
🏡 Bitcoin-backed mortgages in Australia
Australian firm Block Earner launched a mortgage programme where buyers can use bitcoin as collateral alongside a traditional loan. A recent court ruling lets the company bypass extra licences, opening new ways for crypto holders to buy homes. Experts say this hybrid model could reshape the housing market despite crypto’s risks.
🔒 CoinDCX loses $44 million to hackers
Indian exchange CoinDCX suffered a major breach — hackers drained $44 million through complex transfers. The internal wallet was compromised, but user funds stayed safe. The team is investigating and promises tighter security. The incident highlights ongoing crypto security challenges worldwide.
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#ukbitcoin #tether #geniusact #trump #bitcoinmortgage #coindcx #cryptonews #stablecoins #CryptoSecurity
⏱ Timestamps:
00:00 — Intro
00:17 — Episode overview
00:47 — UK selling confiscated BTC
02:07 — Tether’s US market plans
03:41 — Trump signs stablecoin law
04:55 — CashBanx promo
05:26 — Bitcoin mortgage in Australia
07:09 — CoinDCX hack details
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