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Morgan Stanley bought $13.2M of Bitcoin this week

The company has not sold any Bitcoin since May and it is unclear if further purchases will continue this month.

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The US and UK said they plan to adopt stablecoins for cross-border financial transactions

Both governments stated: "well-regulated stablecoins have the potential to promote efficiency and competition in our financial systems, modernise financial market infrastructure, and improve cross-border payments and transactions."

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