Lagarde's call for a European safe asset could enhance EU financial stability, reduce reliance on US Treasuries, and boost euro's global role.
The post ECB’s Lagarde calls for a European safe asset to rival US Treasuries appeared first on Crypto Briefing.
The post Binance CEO Says MiCA Is Backfiring as EU Users Move Beyond Regulators’ Reach appeared on BitcoinEthereumNews.com.
Binance co-CEO Richard Teng says the EU’s Markets in Crypto-Assets (MiCA) rules are backfiring, with most departing users moving funds into self-custody rather than to licensed rivals. Speaking at the Reuters NEXT Asia summit in Singapore, Teng said 70% of funds withdrawn by affected EU users went to self-hosted wallets. Only 30% moved to platforms licensed under the new regime. Binance Withdrew its MiCA Bid Before the July Deadline Binance stopped serving new EU customers on July 1 after pulling its MiCA license application in Greece in late June. Teng said the approval was repeatedly delayed without explanation, so the company withdrew to avoid a rushed transition for users. The exit forced existing customers to decide where to move their balances, and it coincided with its heaviest weekly outflows in more than three years. Binance’s own data on those flows now
The post Eurozone: Energy shock keeps pressure on ECB – Nordea appeared on BitcoinEthereumNews.com.
Jan von Gerich highlights that Eurozone inflation risks remain skewed to the upside due to a persistent energy shock linked to Middle East tensions. Even under milder energy scenarios, he stresses that supply chain disruptions, higher production costs and firm-level price adjustments are already embedded, leaving the ECB unconvinced that inflation will quickly return to target. Persistent energy shock sustains risks “All members viewed the risks surrounding the inflation outlook as being to the upside relative to the staff baseline projections, with the evolution of the conflict in the Middle East being the key source of risk.” “With the energy shock proving more persistent than had been envisaged at the time of the March and April meetings, and indirect effects starting to become increasingly visible and broad-based, the inflation outlook had deteriorated further.” “Looking ahead, it wa
The digital euro aims to enhance monetary sovereignty and reduce reliance on foreign payment networks, impacting Europe's financial landscape.
The post ECB’s Lagarde says digital euro complements cash, not a replacement appeared first on Crypto Briefing.
The post Privy Launches Global Fiat Onramps With Stripe in US, EU appeared on BitcoinEthereumNews.com.
Privy pairs Stripe’s Crypto Onramp for the US and EU with its own aggregator covering more than 100 other countries, all funneling into a single wallet. Privy, the crypto wallet infrastructure provider Stripe acquired in 2025, launched global fiat onramps that let developers add card-based crypto purchases to their apps in a single integration, the company said in a post on its official X account Tuesday. In the US and EU, Stripe’s own Crypto Onramp product handles payment processing, card, Apple Pay, Google Pay and ACH transactions, identity verification and compliance, according to Privy’s announcement. Outside those two regions, Privy’s own aggregator routes users through “the best available provider” across more than 100 additional countries, with funds landing in the same destination wallet regardless of which rail processed the purchase. Stripe corroborated the integration on it
Privy pairs Stripe's Crypto Onramp for the US and EU with its own aggregator covering more than 100 other countries, all funneling into a single wallet.
The shift to self-hosted wallets highlights potential gaps in regulatory frameworks, challenging the effectiveness of consumer protection efforts.
The post Binance CEO Richard Teng says 70% of EU withdrawals went to self-hosted wallets, not regulated platforms appeared first on Crypto Briefing.
The post Euro: Support from ECB repricing and yields – Scotiabank appeared on BitcoinEthereumNews.com.
Scotiabank strategists Shaun Osborne and Eric Theoret notes the Euro (EUR) is slightly higher versus the US Dollar (USD), supported by a repricing of the European Central Bank (ECB) outlook toward renewed hawkishness and recovering yield spreads. They highlight markets now price about 35 bps of tightening by December, lifting fair value estimates for EUR/USD toward the mid to upper 1.14s despite only modest recent gains. Euro aided by hawkish ECB repricing “The EUR is entering Thursday’s NA session with a fractional 0.1% gain vs. the USD as it performs in line with most of the G10 currencies in quiet overall trade.” “The outlook for relative central bank policy is offering the EUR support as market participants reprice the ECB outlook in light of renewed hawkishness and a resurgence in geopolitically-driven oil price gains.” “Markets are currently pricing in about 35bpts of tightening
