Tether CEO Paolo Ardoino criticized the EU's MiCA stablecoin licensing rules, calling them dangerous due to the requirement that significant stablecoin issuers hold 60% of reserves in European bank deposits. Ardoino argues this creates systemic risk if banks fail, referencing the 2023 Silicon Valley Bank collapse. As a result, Tether refused to apply for MiCA authorization, leading to USDT being delisted from major EU exchanges like Coinbase and Binance. Meanwhile, Circle's USDC remains authorized and available, potentially shifting European market share in its favor, though Tether maintains dominance globally outside Europe.
Large XRP holders, or whales, are capitalizing on recent price drops by accumulating more tokens, while smaller investors panic sell. On-chain data shows a growing concentration of XRP in whale wallets and increased withdrawals from exchanges to priv...
Binance experienced over $2 billion in net outflows in the past week, signaling weakening retail participation in crypto trading. Data shows daily Bitcoin inflows under 1 BTC on Binance have dropped to an average of 329 BTC, the lowest ever, compared...
BNB Chain has introduced BNB Agent Studio, a new platform that enables developers to deploy autonomous AI agents on its blockchain in about 15 minutes. The Studio simplifies the process by automating wallet setup, agent identity, and payment systems,...
Bitcoin surged back above $60,700 following Federal Reserve Chair Kevin Warsh's comments that inflation risks have eased, boosting market sentiment. Solana outperformed major cryptocurrencies with a 4% gain, while Ether also rose. Meanwhile, semicond...
Bitcoin surged back above $60,000 after Federal Reserve Chair Kevin Warsh indicated that inflation risks have decreased, providing a positive boost to the crypto market. Solana led major cryptocurrencies with a 16% weekly gain, while other tokens sho...
