Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto, the Monetary Authority of Singapore (MAS) says only fully regulated, reserve-backed stablecoins will qualify as settlement assets as Singapore prepares legislation, US President Donald Trump has signed a hotly debated US funding bill, ending the longest government shutdown in history, and US prosecutors are seeking a retrial for two brothers accused of using MEV bots to exploit $25 million in digital assets.

Singapore’s central bank has signaled a forthcoming shakeout of unregulated stablecoins as the country moves to protect the integrity of assets within its financial ecosystem. 

In a keynote speech at the Singapore FinTech Festival on Thursday, Monetary Authority of Singapore Managing Director Chia Der Jiun warned that “unregulated stablecoins have a patchy record of keeping their peg.”

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