The Bank of England has moved forward with controversial plans to cap how many UK stablecoins individuals and businesses can hold, though the central bank partially walked back its initial proposals following pushback from the crypto industry.

Ripple announced on the 5th of November that it has raised $500 million in new funding from a consortium of traditional finance heavyweights and crypto-native investors, valuing the San Francisco-based payments company at $40 billion. The investment marks one of the largest crypto funding rounds of the year and signals growing institutional confidence in the stablecoin sector.

Global markets surged Monday following the US Senate's breakthrough vote Sunday night to end what has become the longest government shutdown in American history. The bipartisan deal sparked a relief rally across equities, with investors anticipating a return to normal government operations and the resumption of critical economic data releases.

US stocks climbed to new record highs on Friday after fresh data showed that inflation rose less than expected in September. The softer inflation figures boosted expectations that the Federal Reserve will announce a quarter-point interest rate cut at its meeting next week, adding momentum to a market rally that has been running for months.

After two days of high-level discussions in Malaysia, US officials say they expect China to delay the introduction of its planned export controls on rare earth minerals, a move that could ease tensions ahead of a much-anticipated meeting between US President Donald Trump and Chinese President Xi Jinping later this week.