Category: crypto

The European Banking Authority has proposed fines of up to 12.5% of annual turnover for major crypto token issuers that breach MiCA rules. Crypto firms must secure licenses by July 1 or face penalties. Binance has limited services in the EU, while licensed rivals like Coinbase and OKX are competing for affected users.

The Bank for International Settlements warns that the rapid increase in AI spending could pose a risk to the broader market. AI capex is outpacing cash flow, raising concerns about debt and credit. Major AI firms are investing heavily in capital plans, potentially risking financial consequences if investor sentiment changes.

Kiwoom Securities is in talks to acquire a stake in Bithumb through the purchase of newly issued shares. Bithumb is preparing for an IPO in 2028 as South Korea discusses new digital asset ownership rules. The investment negotiations come after regulatory actions against Bithumb for data transfers and anti-money laundering compliance.

SharpLink has resumed buying Ether, acquiring $62.4 million worth over three days after an eight-month pause. The company joined Ethlabs to support Ethereum’s institutional development. Ether prices remain low, with SharpLink holding 876,285 ETH at an average price of $3,609. Institutional demand for Ether has been weak due to market challenges.

David “JoelKatz” Schwartz proposed a transaction reservation plan for the XRP Ledger to address concerns about front-running and sandwich attacks on payments, offer crossing, DEX trades, and AMM swaps. The plan involves reserving transaction slots to ensure fair execution and prevent manipulation of transaction order.

BitMEX has replaced its chief executive and two other senior executives as they continue to reorganize their business and seek potential buyers. The management overhaul follows years of changes in leadership, with the exchange facing criminal charges in the past. This restructuring is part of a larger trend in the crypto sector, with other companies…

Ethereum co-founder Vitalik Buterin believes obfuscation is a powerful idea in cryptography, but it is not yet practical. Obfuscation could enable private trustless applications on blockchains, but current runtimes are too slow. Buterin suggests that blockchains can fill the gap and support private, secure systems. Further research is needed to optimize obfuscation for real-world use.

Grayscale believes Bitcoin may be near its low if three key risks ease: passing the CLARITY Act, Strategy improving its balance sheet, and the Federal Reserve avoiding rate hikes. Failure in these areas could lead to further moderate downside for Bitcoin. The market is currently affected by regulatory uncertainty, Fed policy, and Strategy’s financial position.

Loopring has closed its decentralized exchange due to limited adoption, business challenges, and competition. Users will receive remaining balances directly to Ethereum wallets. More than 60 crypto projects have closed in 2026. Loopring’s closure was due to weak user adoption, limited business development, and competition from newer Ethereum scaling networks.

Galaxy Digital CEO Mike Novogratz attributes Bitcoin’s recent price drop to concerns surrounding Strategy, formerly known as MicroStrategy. Novogratz highlights Strategy’s funding model, weak crypto sentiment, and macroeconomic stress as factors influencing Bitcoin’s confidence shock. Strategy’s financial reports, including STRC pressure and cash reserves, continue to worry the market.