The post Binance Co-CEO Questions MiCA After EU User Withdrawals appeared on BitcoinEthereumNews.com.
Most European users who withdrew assets from Binance after its EU service suspension chose self-custody instead of regulated exchanges. Binance co-CEO Richard Teng said roughly 70% of withdrawals moved into private wallets, while only 30% reached MiCA-licensed trading platforms. The trend suggests many users prioritized direct control over their digital assets despite the European Union’s push for stronger oversight under its Markets in Crypto-Assets framework. Consequently, the migration has renewed debate about whether tighter regulations can achieve their intended consumer protection goals. Teng Questions MiCA’s Practical Impact Teng argued that funds held in self-custodied wallets no longer remain within regulated compliance systems. Consequently, authorities lose visibility through anti-money laundering and know-your-customer monitoring that licensed exchanges provide. Binance h
The post XRP Funding Rates Turn Extremely Bearish as Open Interest and Market Cap Slide appeared on BitcoinEthereumNews.com.
TLDR: XRP funding rates on Binance have turned extremely negative, signaling heavy short positioning. XRP has dropped 70% since July 2025, though it remains above its historical lows. Open interest fell to $350.6 million as leveraged traders exit futures positions broadly. NVT ratio stays elevated at 162.86, showing network activity lags behind valuation levels. XRP funding rates have dropped to extremely negative levels as the token continues to trade under pressure. The broader altcoin market remains weak, with roughly 40% of altcoins sitting close to their all-time lows. XRP has avoided that fate so far, yet it has still lost around 70% of its value since reaching $2.45 in July 2025. Traders on Binance are increasingly positioning for further downside. Funding Rates Signal Extreme Pessimism Derivatives data shows that bearish sentiment toward XRP has intensifi
The EU's stance on Meta's design practices signals a broader regulatory shift that could impact tech and crypto platforms' user engagement strategies.
The post European Union finds Instagram, Facebook features breach regulations appeared first on Crypto Briefing.
The EU's potential trade ban on Israeli settlements could intensify geopolitical tensions and increase compliance burdens for crypto firms.
The post EU to discuss potential trade ban on Israeli settlements, raising fresh sanctions compliance questions for crypto appeared first on Crypto Briefing.
The post EURC On-Chain Activity Hits All-Time High As MiCA Drives Euro Stablecoin Demand appeared on BitcoinEthereumNews.com.
Circle’s EURC stablecoin just printed its busiest day on-chain in the asset’s four-year history. Both daily active addresses and new wallet creation exploded to record levels, according to the on-chain update from Santiment. The sudden burst of usage is not noise. It aligns with a structural shift as European exchanges, apps, and payment teams hunt for compliant alternatives under the continent’s new crypto rulebook. A Sudden Spike in Euro Coin Usage Active addresses and network growth are two of the bluntest tools for measuring real adoption. A simultaneous surge in both suggests fresh capital and new participants—not just existing holders shuffling tokens. EURC’s daily active addresses vaulted to an all-time high, and the number of new wallets entering the network did the same. That dual breakout rarely happens by accident. The timing is critical. For years, d
The post AscendEX shuts down after MiCA miss and warns some withdrawals may not be processed appeared on BitcoinEthereumNews.com.
AscendEX shut down on July 1, leaving some customers unsure whether they will recover their funds. The exchange said in a July 6 notice that it does not hold authorization under the European Union’s Markets in Crypto-Assets framework. It also cited financial and operational pressures, including a failed strategic transaction expected to provide liquidity. Customers can no longer use AscendEX to open accounts, deposit funds, trade, swap, stake or lend. They should retain access only to withdraw assets and complete other exit steps, provided the platform remains available, and no legal or insolvency restrictions intervene. Related Reading Millions of EU crypto users face exchange cutoff as MiCA deadline hits in days Around three in four of the crypto companies registered across Europe are expected to lose their license this summer in the most aggressive thinni
The post European Blockchain Convention Returns to Barcelona for Europe’s First Post-MiCA Gathering appeared on BitcoinEthereumNews.com.
Barcelona, Spain, July, 2026 — Eleven weeks after the European Union’s MiCA deadline, the 12th edition of the European Blockchain Convention (EBC12) returns to Barcelona at a pivotal moment for the industry. It is the region’s first major institutional gathering since the world’s first comprehensive cross-border digital asset regulation became fully law, and the event where European deal flow happens. MiCA is now fully in force. For European markets, the focus shifts to what comes next: CASP licensing, stablecoin issuance, and the role of CBDCs in cross-border settlement. EBC12 is where that conversation takes place. Rather than chasing mandates city by city across London, Paris, Frankfurt, Zurich, and Barcelona, EBC12 compresses the European digital asset market into a single two-day commercial arena. It takes place on 16–17 September 2026 at the P
The post Crypto Biz: USDT vs USDC Roles Diverge as Euro Stablecoins Grow Under MiCA appeared on BitcoinEthereumNews.com.
Crypto’s infrastructure is starting to look a lot more like traditional finance. New data from Dune shows that the world’s stablecoin leaders — Tether’s USDT and Circle’s USDC — are no longer competing for the same users, with each now dominating a different corner of the market. Meanwhile, demand for MiCA-compliant euro stablecoins is accelerating, hinting that the stablecoin economy is slowly expanding beyond the US dollar. Elsewhere in Crypto Biz, Strategy reignited debate over its “never sell” philosophy after offloading more than $200 million in Bitcoin (BTC) to fund shareholder dividends, while Vanguard signaled that even Wall Street’s biggest crypto skeptics are embracing tokenization. USDT, USDC use cases diverge as stablecoins become chain-specific USDT has become crypto’s dominant payments stablecoin while USDC has cemented itself as DeFi’s preferred settle
