In line with market expectations, the decision was notably rare in that it required two rounds of voting by the Monetary Policy Committee (MPC). The rate cut was approved by a narrow 5-4 majority, reflecting the deep uncertainties surrounding the UK’s economic outlook.

A Delicate Balance Between Inflation and Recession

BoE Governor Andrew Bailey stated that the rate cut was a “finely balanced decision,” adding that any future reductions would need to be gradual and carefully assessed.

Ongoing volatility in inflation continues to put pressure on policymakers. Due to sharp increases in food prices, inflation is expected to climb back to 4% by September. However, according to the BoE, it is projected to drop below 3% by the summer of 2026 and only reach the official 2% target by 2027.

The UK economy contracted in both April and May, and the unemployment rate has also been on the rise. While inflation had previously eased following the Russia-Ukraine conflict, renewed upward pressure is creating additional challenges. This suggests that further interest rate decisions will require a more cautious approach.

Although the BoE’s rate cut offers temporary relief by lowering borrowing costs, both global and domestic risks demand a careful and measured monetary policy stance moving forward.

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With this latest acquisition, Smarter Web’s total Bitcoin holdings have reached 773.58 BTC. The company’s average acquisition price now stands at £78,022 ($107,015), bringing its total BTC investment to over $82.6 million.

Smarter Web’s 10-Year Plan: Bitcoin-Focused Corporate Growth

Smarter Web launched its “10-Year Plan” in April, outlining an ambitious Digital Asset Treasury Policy aimed at supporting long-term business value through Bitcoin accumulation. The firm views Bitcoin as a critical component of future corporate growth and financial resilience.

Currently, Smarter Web holds approximately £38 million (about $52.3 million) in cash, which it may use for additional Bitcoin purchases in the near future.

$62 Million Raised in New Funding Round

The company also disclosed that it had raised roughly £45 million ($62 million) through accelerated bookbuilds and subscription offerings. This fundraising diluted existing shareholders by about 9%.

Following the funding round, CEO Andrew Webley and his family now hold an 11.3% stake in the company.

Accepting Bitcoin Payments Since 2023

Smarter Web began accepting Bitcoin payments back in 2023. The firm believes that Bitcoin plays a central role in the future of the global financial system and plans to support its strategy through both organic growth and potential acquisitions.

UK Bitcoin Adoption Accelerates

Smarter Web’s latest move comes amid a growing wave of Bitcoin adoption among UK-listed firms. Several small-cap companies on exchanges like Aquis have recently announced Bitcoin purchases or future intentions to add the asset to their balance sheets.

Notable examples include Tao Alpha, which plans to raise £100 million ($137 million) for its Bitcoin initiative, as well as Panther Metals, Bluebird Mining Ventures, and Vinanz, all of which have revealed funding rounds or purchases aimed at BTC accumulation.

This trend highlights the rising institutional confidence in Bitcoin across the UK’s corporate sector.

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All Crypto Transactions to Be Reported Starting 2026

Beginning January 1, 2026, UK-based crypto companies will be required to report all customer transactions, including trades and transfers. This is part of a broader initiative by the UK government to enhance crypto tax reporting and align with global standards.

The information to be collected and reported includes:

• Full legal name
• Home address
• Tax identification number
• Type of cryptocurrency used and the amount transferred

Additionally, entities like companies, trusts, and charities involved in crypto transactions will also fall under this reporting regime.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Non-compliance or inaccurate reporting may result in penalties of up to £300 ($398.4) per customer.

Transparency Without Compromising Growth

This move is part of the UK’s adoption of the OECD’s Crypto-Asset Reporting Framework, which aims to balance market innovation with regulatory oversight.

UK Chancellor Rachel Reeves emphasized that the country remains open to business but is closing its doors to fraud, abuse, and instability. In April, she also introduced a draft bill that brings crypto exchanges, custodians, and brokers within the regulatory perimeter to better combat scams and financial misconduct.

UK vs EU: Diverging Paths in Crypto Regulation

While the UK is integrating crypto regulation into its existing financial structure, the European Union has opted for a dedicated framework through MiCA (Markets in Crypto-Assets Regulation). One major difference is that the UK will allow foreign stablecoin issuers to operate without registration, and it won’t impose volume caps — unlike the EU, which may restrict large stablecoin operations to mitigate systemic risks.

A recent survey by the UK’s Financial Conduct Authority showed that 12% of UK adults now own crypto, up from 4% in 2021. With growing adoption, a well-regulated ecosystem is becoming essential.

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On April 29, UK Finance Minister Rachel Reeves unveiled new plans that outline a comprehensive regulatory framework for digital assets. According to a statement from the Treasury, under the new rules, crypto exchanges, brokers, and service providers will be supervised similarly to traditional financial institutions in terms of transparency, consumer protection, and operational resilience.

Six New Activities to Fall Under FCA Oversight

With the Financial Services and Markets Act (Cryptoassets Order) set to take effect in 2025, six new types of activity—including crypto trading, custody services, and staking—will be subject to regulation.

Unlike the European Union’s MiCA approach, the UK is adopting a stricter regulatory stance on crypto. This includes capital requirements, governance standards, market abuse rules, and disclosure obligations.

Dante Disparte, Circle’s global policy chief, described the move as a “meaningful step” toward building a rules-based digital asset economy. He emphasized that regulatory clarity offers the predictability needed to grow responsible digital financial infrastructure.

Stablecoins to Be Defined as Securities

Under the new draft, stablecoins will no longer be considered e-money but instead classified as securities. This means fiat-backed tokens issued in the UK must comply with prospectus-like disclosures and redemption procedures. Foreign stablecoins, however, will only be allowed through authorized platforms.

Disparte highlighted the importance of predictability in regulations, stating, “A clear framework without arbitrary enforcement supports responsible growth.”

FCA Approval Required for Foreign Crypto Platforms

Another major shift is the requirement for FCA authorization for foreign firms looking to access the UK retail market. The “overseas persons exemption” will be limited to specific B2B relationships, effectively ring-fencing retail operations.

Staking services will also come under regulatory scope. Liquid and delegated staking models will require FCA registration, while solo stakers and interface-only providers will be exempt.

New custody rules will apply to systems that grant unilateral transfer rights, which may introduce additional burdens for certain DeFi structures.

Zade noted that the broad definition of staking might include decentralized models, and restrictions on credit card purchases—aimed at high-risk use—could discourage retail participation.

Expected to Take Effect in 2026

The final version of the new rules is expected to be announced in 2026. With this, the UK is set to follow a roadmap similar to that of the European Union, aiming to create a clearer regulatory framework for digital assets.

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Bank of America Market Analysis 

In a note dated May 8, Michael Hartnett stated that the rally surged in the second quarter due to tariff optimism. However, this recovery has now ended. Investors are following a “buy the rumor, sell the fact” strategy. Although the S&P 500 rose 14% after Trump’s tariff pause announcement on April 9, it is down 3.7% for the year. 

Hartnett believes U.S. stocks are in a “late-stage structural bear market.” For this reason, he recommends bonds and international markets over stocks. Foreign markets are outperforming the U.S. 

Bank of America Data and Investor Movements 

Bank of America’s data shows that $24.8 billion has flowed out of U.S. stocks over the past four weeks. This figure, sourced from EPFR Global, marks the largest outflow in two years. Investors are uncertain about the market’s future. This aligns with Hartnett’s warning that the rally is over. 

Still, there are some market movements. Trump’s consideration of tariff cuts during weekend talks with China sparked a short-term rise in indices. The Dow Jones rose 0.6%, the S&P 500 gained 0.6%, and the Nasdaq climbed 1.1%. However, futures remained nearly flat on Friday morning. 

Trump announced a trade framework with the UK. This is the first deal under the U.S.’s “reciprocal tariff” policy. The UK faces a 10% base tariff. Chris Zaccarelli of Northlight Asset Management calls this deal a “test run.” Agreements with China and other major trade partners will be more critical. 

Meanwhile, Trump’s optimism about China talks has* sparked market activity. However, investors remain cautious. Large bets are not being placed in futures. The S&P 500 is set to close the week with a 0.4% loss. The Nasdaq is down 0.3%, while the Dow is up 0.1%, marking its third positive week. 

The market is awaiting the outcome of Trump’s China talks. Reuters reports that tariff negotiations with China are at a critical stage this weekend. If a deal is reached, it could spark new market activity. According to The Wall Street Journal, investors are avoiding risks due to long-term uncertainties. 

In conclusion, Bank of America’s warning and investors’ cash withdrawals indicate that the stock market rally has stalled. Hartnett’s recommendation to shift to bonds and international markets may offer investors a new roadmap. 

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Trump Calls It the “First Major Deal”

President Trump hinted at a trade deal in a post on the social media platform Truth Social. On Thursday morning, he clarified that the first announced country was the United Kingdom.
Trump stated:

“This agreement with the United Kingdom will further solidify the historic friendship between the US and the UK. It reflects our long-standing alliance. This is the first deal we are announcing, but many more are on the way.“

Details Still Unclear, Likely a Framework Agreement

No official details have been released about the scope of the deal yet. While British officials have confirmed the agreement, they have not provided specifics. US international trade expert Timothy C. Brightbill noted that the announcement is likely “a framework to begin negotiations” rather than a finalized agreement.

Likely topics under discussion include:

• Reduction of British tariffs on US cars and agricultural products

• Removal of digital taxes on US tech firms

• Mutual tariff and digital trade regulations

Tariffs and Negotiation Timeline

The Trump administration recently imposed high tariffs on many trading partners but paused most of them for 90 days in response to market backlash, aiming to finalize trade agreements within that window. Compared to other countries, the UK faced milder penalties, as it imports more from the US than it exports.

However, the UK still remains subject to Trump’s 25% tariffs on steel, aluminum, and automobiles — key issues British officials are prioritizing in negotiations with the US.

Bank of England Cuts Interest Rates Following U.S.-U.K. Trade Agreement!

The Bank of England has taken a significant step in monetary policy following the announcement of a new trade deal between the United States and the United Kingdom. The central bank lowered its key interest rate by 25 basis points to 4.25%, aiming to support economic growth and balance the potential impacts of the agreement.

The move is intended to reinforce the positive market sentiment created by the deal and to stimulate domestic demand. Officials stated that the rate cut is expected to ease credit conditions for both businesses and consumers, thereby boosting overall economic activity.

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Scammers’ Scheme: Fake Police Investigations and Lie about Wallet Security

Using personal information obtained from the data leak, the fraudsters created fake reports, claiming to be issued on behalf of Action Fraud, the UK’s official fraud reporting center.

Victims received a phone call from the scammers, who identified themselves as police officers, informing them that they had been implicated in an investigation into their crypto assets. In this first call, victims were told they would receive a security call from their “crypto wallet provider” shortly.

In the second phase, the scammers called again posing as a “security official” and told the victims that their crypto wallets were at risk of being compromised. Panicked victims were convinced to share their seed phrases (private access keys) to keep their wallets safe.

With this information in hand, the scammers created the wallets from scratch and transferred all the assets in them to other addresses.

Warning from Authorities: Don’t Fall for Emergency Pressure!

Kent Police have urged citizens to be wary of emergency scenarios driven by false authority figures. Detective Sergeant Darryll Paulson said fraudsters are using psychological manipulation techniques to panic their victims:

“Scammers force their victims to act quickly, preventing them from thinking. Scenarios like ‘your money will be stolen if you don’t take immediate action’ are one of the most common scam tactics.”

Authorities emphasized that victims of fraud should report cases to the police without embarrassment. “A moment of carelessness can happen to anyone. But reporting such incidents to the authorities can prevent others from being harmed,” Paulson said.

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Bitcoin is facing a tough battle for support, as the bull market has paused due to macroeconomic concerns.

The price of Bitcoin has lost over $12,000 in just two days, and now cryptocurrency investors and analysts are starting to target lower levels.

BTC Price Analysis: $90,000 is Not the “Bottom” Point

Bitcoin dropped to $96,000 on December 19, causing panic among both individual and institutional investors.

According to CoinGlass data, as of December 20, total crypto liquidations in the last 24 hours reached nearly $900 million.

Total Liquidations Chart

According to data from UK-based investment firm Farside Investors, US spot Bitcoin exchange-traded funds (ETFs) experienced their largest net outflow to date, totaling $679 million.

US Spot Bitcoin ETF Netflows

While this drop has, in a way, relieved some excessive speculation, long-term market participants are worried that worse may be ahead.

Among them is X commentator BitQuant, known for his long-term optimistic outlook on Bitcoin, who frequently predicted that Bitcoin would reach $95,000 before breaking its previous all-time high set in March of this year.

In his recent posts, BitQuant stated that it is likely for BTC/USD to make a deeper bottom, and the drop to $90,000 earlier this month was not the bottom.

“Sorry, but no, $90,000 was not the bottom,” he replied to another user who asked about the potential turning point for the market.

In a chart published on December 10, using Elliott Wave Theory, the price of BTC was projected to drop to the mid-$80,000s in the next downturn.

“For those not planning to buy in the next dip, I advise you to step away from the charts and enjoy life until the rocket refuels for the next moon trip,” he added in the accompanying comment to this forecast.

BTC/USD 4 Hour Chart

Lower targets are coming from the on-chain data platform Whalemap.

After the recent drop, the Whalemap team analyzed large accumulation areas by major investors and identified an area of interest that is about 30% below the current spot prices.

“The Onchain Volume Profile shows significant Bitcoin accumulation between $60,000 and $67,000. And a new accumulation range is forming at the current price levels,” they wrote on X.

“For long-term HODLers – the risk-reward ratio is well-defined on a macro scale – a drop below $60,000 is not expected in the near future.”

BTC/USD 4 Hour Chart

Bitcoin and Cryptocurrencies Rank Among “Extremely Vulnerable” Assets

Changes in US macro policies have put a halt to the widespread rally in risk assets, which observers are increasingly finding irrational.

The Federal Reserve triggered this reversal by lowering its rate-cut expectations for 2025, due to rising inflation indicators.

QCP Capital:

“While it is easy to link the wave of selling to the Fed’s hawkish rate cut stance, the fundamental reason for this morning’s crash is the market’s overly optimistic positioning.”

“Since the election, risk assets have experienced a one-sided, impressive rally, which has left the market extremely vulnerable to any shocks.”

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The FCA issued a warning regarding the Solana-based “Retardio” project, citing unauthorized financial promotions and activities targeting UK consumers.

In a statement on December 16, the FCA warned that the token might be providing or promoting financial services without the regulator’s approval.

The regulator reminded consumers to transact only with FCA-approved firms to ensure adequate protection. According to CryptoSlam, the Retardio project features a Solana-based NFT collection that has achieved $31 million in total sales.

The associated memecoin, as reported by Dexscreener, is currently trading at around $0.08 with a market capitalization of approximately $87 million.

The Retardio Project Responded To The FCA

According to the FCA, UK-based users dealing with the Retardio project will not have access to the Financial Ombudsman Service, which resolves complaints between consumers and financial services firms. The regulator also stated that consumers would not be covered by the Financial Services Compensation Scheme (FSCS), which protects consumers if financial firms go bankrupt.

The FCA added, “This means it’s unlikely you’d get your money back if the firm goes out of business.”

The FCA urged citizens to deal with authorized firms. The regulator emphasized that authorized firms provide greater protection to consumers when things go wrong and suggested users check their registry to ensure the firm they are dealing with is authorized in the UK.

The government agency also encouraged reporting unauthorized firms through official channels. In a humorous response, the memecoin and NFT project said, “We’ve issued a warning about the UK’s financial regulator.”

Memecoins Represent The Value of Attention

Yat Siu, Chairman of Animoca Brands, stated that memecoins capture the value of user attention, which is different from traditional metrics on social platforms.

Siu mentioned that attention on social platforms does not transparently reflect the value of user-generated content (UGC), but memecoins work differently.

He explained that in the Web3 world, UGC culture is integrated into memecoins, with their market capitalization reflecting the value of the attention they receive.

“If attention were a token, that’s exactly what memecoins represent. So I see it as correlated between the two,” he said.

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