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 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 Circle Wins OCC Approval to Launch First National Digital Currency Bank appeared on BitcoinEthereumNews.com.
Circle wins OCC approval to launch Circle National Trust, bringing USDC custody and reserve operations under federal oversight. Circle has received final approval from the U.S. Office of the Comptroller of the Currency. The approval allows the company to form First National Digital Currency Bank, N.A. The bank will operate as Circle National Trust once it launches. Circle said the structure will place key digital asset services under federal oversight. The approval comes as USDC remains widely used across crypto trading, payments, and settlement. Circle said the bank will support custody for stablecoins and other tokenized assets. Circle also said the move fits its long-term plan for digital dollars. The company expects the structure to support USDC operations as U.S. rules develop. Circle Gets OCC Approval for National Trust Bank Circle said the OCC approval creates a
The post Circle Wins OCC Approval for Nationwide USDC Reserve Trust Bank appeared on BitcoinEthereumNews.com.
Key Takeaways: The Office of the Comptroller of the Currency (OCC) has issued its final approval of a national trust bank founded by Circle. Circle can hold its stablecoins on the Federal Reserve’s books from now on. In the Federal Charter, the provision is added to the legal regulation of stablecoins, which puts the stablecoin issuer under direct control of national banking regulators. Final pledges by the U.S. Office of the Comptroller of the Currency clear the way for Circle to launch a national trust bank. This is the stablecoin issuer’s lengthy process of evaluation completed. The approval places the firm in the category of a financial institution chartered by the federal government and makes it no longer a state-regulated money transmitter. Circle’s main business systems are going to be deployed in the federal banking system. At the time of writing, USDC is the second (by
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 Circle (CRCL) Wins Final OCC Approval For National Trust Bank appeared on BitcoinEthereumNews.com.
Circle Internet Group secured final approval from the U.S. Office of the Comptroller of the Currency today, to establish a national trust bank, a milestone that sent the stablecoin issuer’s shares higher and deepened its ties to the federal banking system. The regulator cleared Circle to charter First National Digital Currency Bank, N.A., which will operate under the name Circle National Trust. The company, which trades on the New York Stock Exchange under the ticker CRCL, said the charter places the new entity under direct federal oversight by the OCC, the primary supervisor for national banks and national trust banks. Circle National Trust will provide fiduciary custody services for digital assets held by Circle and its affiliates. Under the business plan the OCC approved, the bank could extend custody services to a limited set of institutional customers, with a focus on banks
Circle wins OCC approval to launch Circle National Trust, bringing USDC custody and reserve operations under federal oversight. Circle has received final approval from the U.S. Office of the Comptroller of the Currency. The approval allows the company to form First National Digital Currency Bank, N.A. The bank will operate as Circle National Trust once […]
The post Circle Wins OCC Approval to Launch First National Digital Currency Bank appeared first on Live Bitcoin News.
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
