This Is What Happened Cryptocurrency World Today:

Co-founder and former CEO of cryptocurrency exchange BitMEX, Arthur Hayes, warns on institutional Bitcoin control. The Bank of England will regulate “systemic stablecoins” that are in wide enough circulation to potentially disturb financial stability, while the Financial Conduct Authority (FCA) will oversee the wider crypto sector according to discussion papers published by the two regulators Monday. Bankrupt crypto exchange FTX has requested the bankruptcy court in Delaware allow it to sell certain key trust fund assets, including from crypto asset manager Grayscale Investments and custody service provider Bitwise, valued at around $744 million. A recent attack compromised Monero’s community crowdfunding wallet, wiping out its entire balance of 2,675.73 Monero worth nearly $460,000. Arbitrum DAO has approved a proposal for ARB token holders to stake tokens in return for a yield. Magic Eden has announced it’s partnering with Yuga Labs in order to launch a marketplace for Ethereum NFTs that is contractually obligated to enforce creator royalties.

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