The post Binance Traders Poured $133 Million Into Memory Stocks — Into a Selloff appeared on BitcoinEthereumNews.com.
Binance users doubled their flows to artificial intelligence (AI) memory stocks to $133 million last week, concentrating capital into a key theme even as the sector sold off. The move ran against the tape. Memory names were selling off, yet SanDisk (SNDK) and Micron (MU) together accounted for 79% of net equity inflows on the platform. Buyers Concentrate as Chips Fall The figures come from Binance Research, whose weekly fund flow report covers the week ending July 8. Total net flow reached $169.2 million, down 12% from the prior week. The decline reflects the July 4 holiday, which left only four US trading sessions. On a per-session basis, demand actually rose. Technology attracted $191 million in inflows, accounting for 113% of the week’s $169 million net total. AI memory doubled to $133 million, making it the largest theme. SanDisk took $67 million, and Micron Technol
The post Binance EU withdrawals reveal MiCA regulation impact appeared on BitcoinEthereumNews.com.
When Binance pulled its MiCA license application in Greece and suspended EU services ahead of the July 1 regulatory deadline, European regulators may have expected users to migrate toward licensed, compliant crypto platforms. The data on Binance EU withdrawals tells a different story — and it raises uncomfortable questions about what MiCA is actually achieving on the ground. Key takeaways 70% of EU user funds withdrawn from Binance after the service suspension moved to self-custodied wallets, outside any regulatory oversight. Only 30% of withdrawn funds transferred to licensed, MiCA-regulated crypto platforms. Binance co-CEO Richard Teng argued this pattern raises serious questions about whether MiCA reduces user risk or inadvertently amplifies it. Binance withdrew its MiCA application in Greece due to approval delays, with founder Changpeng Zhao citing “political forces” as a factor. Des
The post Federal Reserve Taps A16z Co-Founder for Monetary Policy Task Force appeared on BitcoinEthereumNews.com.
The US Federal Reserve named Andreessen Horowitz (a16z) co-founder Marc Andreessen to help lead a task force studying how artificial intelligence and other new technologies could affect productivity and jobs. Andreessen will serve on the Fed’s Productivity and Jobs task force alongside Charles I. Jones, a Stanford University economics professor currently on leave at Anthropic, and Asha Sharma, Microsoft’s executive vice president and Xbox CEO. The new task force will assess how general-purpose technologies such as AI will affect employment and productivity to better inform the central bank’s policymaking, the Fed said in a Thursday press release. The group is one of five task forces launched under new Fed Chair Kevin Warsh, each responsible for examining important areas of monetary policy conduct. The other task forces will focus on the Fed’s policy communication, balance s
The post Europe’s Crypto Law Is Driving Users Away From Regulation, Not Toward It appeared on BitcoinEthereumNews.com.
70% of EU users who left Binance after MiCA opted for self-custody, not a rival. Teng warned self-hosted wallets amplify risk as AML and KYC controls are absent. Binance pulled its Greek MiCA licence and paused EU deposits on 1 July 2026. Europe’s landmark crypto regulation is producing an outcome its architects did not intend. Rather than driving users toward regulated platforms, MiCA appears to be pushing them in the opposite direction. Binance CEO Richard Teng revealed that of the users who withdrew funds from Binance after MiCA came into effect, 70% moved their assets into self-hosted wallets, while only 30% shifted to other regulated platforms. The data suggests the regulation is consolidating crypto activity outside the supervised financial system rather than within it. “Once it goes into a self-hosted wallet, the risks actually amplify,” Teng said. “You don’t ha
The post Binance CEO: 70% Of EU User Withdrawals Moved To Self-Custodied Wallets After MiCA Exit appeared on BitcoinEthereumNews.com.
When a titan of centralized exchanges fully exits a major market, regulators expect an orderly flow into supervised platforms. The European Unionu2019s Markets in Crypto-Assets framework was designed precisely for this u2014 to channel crypto activity into licensed, compliant venues. The actual data from Binanceu2019s EU shutdown suggests reality runs hard in the opposite direction. According to a report citing Binance CEO Richard Teng, approximately 70% of the funds that EU users withdrew after the exchange suspended services moved into self-custodied wallets. Only 30% ended up on MiCA-compliant platforms. For a regulatory regime built on the premise that licensing leads to consumer protection, that number is a quiet indictment of how detached the official playbook is from user behavior. The 70% That Went Outside the Tent Teng did not mince words. He ar
Insider Brief PRESS RELEASE — Neural networks, a fascinating technology inspired by the human brain, form the basis of artificial intelligence. These networks consist of layers of interconnected nodes, or artificial neurons, that learn patterns from data and make predictions. For example, large language models generate text by predicting the next word or phrase based […]
The post Strategy or Binance: Who’s Sitting on More Unrealized Bitcoin Losses? CryptoQuant Weighs In appeared on BitcoinEthereumNews.com.
Strategy has more BTC holdings than Binance, so the firm has a significantly larger unrealized loss margin than the exchange. As the business intelligence and Bitcoin treasury company Strategy just carried out its largest BTC sale this week, analysts are comparing just how deeply the firm is underwater. CryptoQuant analyst Darkfost reviewed Strategy’s Bitcoin unrealized losses compared to those of the world’s largest crypto exchange, Binance, in their latest report. This is because both entities are major BTC holders, with hundreds of thousands of digital assets sitting in their reserves. Underwater Comparisons Between Strategy and Binance According to Darkfost’s report, crypto exchanges collectively hold about 8 million BTC, with roughly 30% concentrated on Binance alone. Bitfinex, Gemini, Kraken, and OKX follow suit with more than 5% of the holdi
The post The Rise of Utility-Driven Crypto: How Africa Is Redefining What Digital Assets Are For appeared on BitcoinEthereumNews.com.
JOHANNESBURG, South Africa, July 10, 2026/ – Across Africa, cryptocurrency is shedding its reputation as a speculative asset and becoming an everyday tool for moving money, running businesses and bridging gaps left by traditional finance. Binance (www.Binance.com), the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, says this shift toward utility-driven adoption is positioning the continent as a global blueprint for how digital assets create real economic value. Unlike markets driven largely by investment appetite, African adoption is anchored in practical need. With roughly 1.3 billion adults globally still unbanked (https://apo-opa.co/4aKV78i) and a young, mobile-first population coming online at speed, digital assets are solving tangible problems. Stablecoins help freelancers receive cross-border payments, allow sm
