[13/7, 22:03] +1 (314) 489-9682: The governor of the Bank of England (BOE), Andrew Bailey, issued a warning on Sunday against banks issuing stablecoins and stated that the BOE should adopt tokenized deposits instead.

Bailey noted that stablecoins pose a threat to the structure of the financial system and could lead to governments losing control over their fiat currencies.

[13/7, 22:13] +1 (314) 489-9682: Thousands of savers face the grim possibility of losing their investments after managers discovered a deficit of 2 million pounds ($2.7 million) at Ziglu, a British cryptocurrency fintech that collapsed earlier this year.

The company, which suspended withdrawals in May, was placed into special administration last week amid growing concerns about its financial management, according to a Sunday report from The Telegraph.

Ziglu attracted around 20,000 customers with promises of high returns, especially through its “Boost” product, which offered rates of up to 6%. Launched in 2021 during a period of low-interest rates, Boost became popular for its higher yield.

[13/7, 22:16] +1 (314) 489-9682: Bitcoin has reached consecutive all-time highs this week, but according to a cryptocurrency researcher, retail investors seem reluctant to re-enter the market.

Nevertheless, demand for spot Bitcoin exchange-traded funds (ETFs) is soaring, recording daily inflows exceeding one billion dollars on Thursday and Friday, marking the first time this has happened on two consecutive days.