Binance CEO Richard Teng said about 70% of European user withdrawals following the exchange’s MiCA-related exit moved to self-custodied wallets rather than regulated rival platforms, adding a new dimension to the debate over Europe’s landmark crypto framework. The figure, reported by Wu Blockchain and crypto-market outlets citing Teng, suggests that most affected users chose to
JPMorgan analysts say Bitcoin’s biggest long-term risk may not be Strategy’s massive holdings or near-term selling pressure, but the possibility that traditional finance builds its own private blockchains and captures the benefits of the technology without relying on public networks. In a July report, JPMorgan analysts led by Nikolaos Panigirtzoglou said the deeper structural threat
Hyperliquid Policy Center and Phantom have urged the Commodity Futures Trading Commission to clarify that publishing onchain protocol software should not, by itself, trigger registration as a derivatives exchange, clearinghouse, broker or swap dealer. In a joint comment letter filed July 9, the two organizations said the CFTC should draw a clearer line between neutral
Anthropic has appointed former Federal Reserve Chair Ben Bernanke to its Long-Term Benefit Trust, adding one of the world’s best-known economists to the independent oversight body that helps hold the AI company to its public-benefit mission. The company announced the appointment on July 9, saying Bernanke will join the trust as its newest member. The
Crypto ETF flows weakened further on Thursday, July 9, as U.S.-listed Bitcoin and Ether funds recorded combined outflows of $147.5 million, extending the uneven post-holiday trend in institutional digital asset demand. According to Farside Investors, spot Bitcoin ETFs posted $95.3 million in net outflows on July 9, while Ether ETFs lost $52.2 million. Solana ETFs
The European Parliament’s Committee on Economic and Monetary Affairs has approved its negotiating position on legislation creating a digital euro, moving the European Union one step closer to launching a central bank digital currency designed to strengthen Europe’s payments sovereignty while preserving privacy and financial stability. MEPs voted 43-14 in favour of the proposal, which
Why Does TRON’s $90 Billion USDT Milestone Matter? The circulating supply of USDT on the TRON blockchain has exceeded $90 billion, reinforcing the network’s role as one of the largest settlement layers for stablecoin activity. The milestone comes as stablecoins continue to serve as a core part of crypto market infrastructure, used for transfers, exchange
Why Are Police Investigating Reform UK Donations? British police are investigating at least £500,000 in donations to Nigel Farage’s Reform UK party, placing the populist party’s funding under renewed scrutiny after weeks of questions over its financial affairs. The investigation centers on donations reportedly made before the 2024 UK general election by the mother of
The U.S. Department of Justice reportedly warned prosecutors to expect less cooperation from Binance in crypto-related investigations, raising new questions about law-enforcement access to records and account freezes at the world’s largest cryptocurrency exchange. According to reporting by The Information, a recent DOJ memo told staff that Binance would reduce voluntary cooperation on crypto cases
Russia’s Alfa-Bank plans to expand into cryptocurrency services, including digital asset custody and blockchain-based investment products, as the country’s largest private bank moves to position itself inside Moscow’s evolving crypto regulatory framework. The bank aims to obtain a regulated digital-asset custody license and offer crypto-related services to both retail and corporate clients, according to reports