XYO layer 1 blockchain launches alongside XL1 utility token

A large on-chain transfer linked to Pump.fun has put fresh focus on how the memecoin launchpad is handling the proceeds of its token sale. A wallet associated with

The post UK Looks to US to Adopt More Crypto-Friendly Approach appeared on BitcoinEthereumNews.com. The UK and US are reportedly preparing to deepen cooperation on digital assets, with Britain looking to copy the Trump administration’s crypto-friendly stance in a bid to boost innovation.  UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discussed on Tuesday how the two nations could strengthen their coordination on crypto, the Financial Times reported on Tuesday, citing people familiar with the matter.  The discussions also involved representatives from crypto companies, including Coinbase, Circle Internet Group and Ripple, with executives from the Bank of America, Barclays and Citi also attending, according to the report. The agreement was made “last-minute” after crypto advocacy groups urged the UK government on Thursday to adopt a more open stance toward the industry, claiming its cautious approach to the sector has left the country lagging in innovation and policy.  Source: Rachel Reeves Deal to include stablecoins, look to unlock adoption Any deal between the countries is likely to include stablecoins, the Financial Times reported, an area of crypto that US President Donald Trump made a policy priority and in which his family has significant business interests. The Financial Times reported on Monday that UK crypto advocacy groups also slammed the Bank of England’s proposal to limit individual stablecoin holdings to between 10,000 British pounds ($13,650) and 20,000 pounds ($27,300), claiming it would be difficult and expensive to implement. UK banks appear to have slowed adoption too, with around 40% of 2,000 recently surveyed crypto investors saying that their banks had either blocked or delayed a payment to a crypto provider.  Many of these actions have been linked to concerns over volatility, fraud and scams. The UK has made some progress on crypto regulation recently, proposing a framework in May that would see crypto exchanges, dealers, and agents treated similarly to traditional finance firms, with…

The post Mono Protocol Raises $2M in Private Round and Opens Whitelist: Here’s How Its Unified Balances and Universal Accounts Will Reshape Web3 appeared on BitcoinEthereumNews.com. The way people use blockchain today often feels complicated. Balances are scattered across different networks, bridging takes time and money, and users constantly switch wallets and chains to complete simple actions. Mono Protocol is building a new foundation for Web3 that unifies these experiences. With unified balances, instant settlement, and universal accounts, it aims to make blockchain interactions feel seamless.  The project has raised $2M in a Private Round and is now running whitelist registration ahead of the presale. Mono Protocol: Solving Web3’s Biggest Problem With a Unified Design Today’s blockchain space struggles with fragmentation. Users maintain balances across several chains, bridges are slow and expensive, and front-running risks cause value loss. Developers face the added challenge of building infrastructure for multiple networks, making the experience complex on both sides. Mono Protocol addresses these issues with chain abstraction technology. By unifying per-token balances, it allows users to hold and use assets from any supported blockchain in one place. Transactions are protected with MEV-resistant routing, ensuring value is preserved during execution.  Liquidity Lock technology guarantees that transactions cannot fail, which is a major step forward compared to traditional cross-chain systems. This combination creates a new standard for blockchain interaction. Developers gain access to simple APIs to build cross-chain applications without handling infrastructure overhead, while users enjoy one-click transactions across multiple ecosystems. It marks a shift from fragmented networks to a cohesive Web3 environment where complexity is invisible. One Balance, One Account, One Experience Mono Protocol introduces unified balances, instant settlement, and universal accounts that work across blockchains. This approach makes transactions simpler, faster, and free of the friction users often face today. Instead of managing assets on multiple networks, users interact with a single account and one balance. Liquidity Locks ensure transactions are guaranteed and completed instantly, while universal accounts remove…