Crypto Today: Bitcoin Surges, EU Warns on Stablecoins, and TOKEN2049 Energy
1. Bitcoin Nears 2-Month High
Bitcoin is rallying — it touched ~$119,750, its strongest since mid-August, fueled by expectations of interest rate cuts. Ethereum and other large caps also gained.
2. EU Calls for Safeguards on Stablecoins
The European Systemic Risk Board (ESRB) urged urgent measures to regulate stablecoins issued partly outside the EU (multi-issuer schemes). The worry: inconsistent regulation could cause liquidity stress during market stress.
3. TOKEN2049 Brings Hype & Policy Talk
At Singapore’s TOKEN2049, the scene was full of entertainment (ziplines, DJs) but also serious crypto conversation. Speakers included Donald Trump Jr. and industry figures pushing narratives about stablecoin growth and adoption.
Takeaway
Today’s momentum is a reminder: crypto is still reactive — to policy, regulation, and narrative. Bitcoin’s rise shows that strong macro signals (e.g. rate expectations) can reenergize markets. But the EU’s warnings and the regulatory tension at TOKEN2049 underscore that rules are not lagging far behind.
