
EU Watchdog EBA Details Crypto Fines Up to 12.5% of Revenue Under MiCA
The European Banking Authority (EBA) proposed a penalty framework allowing fines up to 12.5% of annual revenue for non-compliant significant token issuers.

◆ Top story // Markets
Bitcoin is at a critical juncture, with historical July gains and heavy short bets suggesting a rally to $75,000, while a break below key support could trigger a drop to $55,000.

The European Banking Authority (EBA) proposed a penalty framework allowing fines up to 12.5% of annual revenue for non-compliant significant token issuers.

Bitcoin advocate Samson Mow has declared that Bitcoin's price bottom has been reached, attributing it to a change in the traditional four-year halving cycle.

MicroStrategy Chairman Michael Saylor has teased additional Bitcoin purchases, even as the company's stock, MSTR, experiences a continued downturn.

SBI Holdings has acquired Japanese crypto exchange Bitbank for $289 million, a move highlighting the push for regulated scale in Japan's evolving digital asset market.

Framework Ventures cofounder Michael Anderson states blockchain's next frontier is financing AI and robotics, moving beyond crypto speculation.

Binance saw over $400 million in net outflows this past week as the EU's MiCA regulation deadline approaches, though not signaling a mass exodus.

Grayscale's Zach Pandl suggests MicroStrategy sell $3 billion in Bitcoin to cover cash obligations, but CryptoQuant offers alternative support for STRC.

Bitcoin has dipped below $60,000 and is on track for a rare back-to-back quarterly loss, down nearly 7% this week.

A post-mortem report revealed a "race condition" after a system reset caused Base's second recent outage, preventing sequencers from catching up.

CryptoQuant analyst Darkfost states that Bitcoin's unspent transaction outputs (UTXOs) signal an ongoing market capitulation, historically profitable for long-term investors.

Asset manager Fidelity has firmly rejected claims that Bitcoin's network security is undermined by its fixed supply schedule and halving events.

Approximately 50,000 BTC were moved to exchanges at a loss, pushing short-term Bitcoin holders' stress to two-year highs.

Bitcoin is experiencing a downturn, mirroring sell-offs in gold and silver, as a hawkish Federal Reserve unwinds its role as a dollar hedge.

DCG-backed Yuma launched a new fund providing institutional investors with exposure to Bittensor (TAO) amid rising decentralized AI interest.

Robinhood's recent layoffs and broader crypto industry cuts are seen as a sign of a late bear market, though Altcoin Pro experts advise against panic.

Crypto firms Coinbase and Circle have posted steeper losses than Oracle, Netflix, and Salesforce, highlighting a widening gap between crypto equities and the broader market.

Tether now allows XAUT holders to borrow against their $23 billion gold stockpile, mirroring Bitcoin-backed lending for liquidity.

Polymarket's frontend exploit cost has risen to $3.1 million, days after the platform pledged full refunds, as it faces a regulatory investigation.

Coinbase and OKX are offering up to 8% bonuses to attract Binance's EU users after the exchange failed to secure a MiCA license.

Binance founder CZ attributes the crypto market's 50% decline in 2026 to AI, global tensions, and the traditional 4-year cycle.

MicroStrategy's market valuation has fallen below its Bitcoin holdings, a reversal from its historical premium for its unique crypto strategy.

SecondFi aims for a two-week recovery, having completed forensic investigations and taken a balance snapshot after a Cardano wallet exploit.

EU lawmakers urge assessing DeFi, staking, and NFT regulation in a new report, cautioning against national MiCA rule deviations.

Bitcoin advocate Samson Mow has declared that Bitcoin's price bottom has been reached, attributing it to a change in the traditional four-year halving cycle.

Asset manager Fidelity has firmly rejected claims that Bitcoin's network security is undermined by its fixed supply schedule and halving events.

US Bitcoin ETFs saw their largest single-day outflows in June, totaling $696.3 million, as Bitcoin fell below $60,000, pushing year-to-date losses to $4.6 billion.

Old Ether wallets transferred 37,806 ETH as long-term whale profitability turned negative for the first time since 2019, signaling mixed sentiment.

A former Ethereum Foundation member warns the network must quickly build new funding institutions as the Foundation steps back.

An influential Ethereum whale, who previously profited from the October 2025 crash, has initiated a new $19.7 million short position on ETH, betting on a drop to $1,375.

A post-mortem report revealed a "race condition" after a system reset caused Base's second recent outage, preventing sequencers from catching up.

DCG-backed Yuma launched a new fund providing institutional investors with exposure to Bittensor (TAO) amid rising decentralized AI interest.

SecondFi aims for a two-week recovery, having completed forensic investigations and taken a balance snapshot after a Cardano wallet exploit.

Kraken is reportedly in talks to acquire a 15% stake in DeFi lender Aave, valuing the protocol at $385 million.

Kraken and Maple Finance launched an onchain warehouse facility to expand institutional crypto lending using blockchain-based structured credit.

Kraken and Maple Finance have launched an onchain warehouse facility to expand institutional crypto lending using blockchain-based structured credit.

NFT brand Pudgy Penguins is launching its new Vibes Series 3 trading cards in Target stores nationwide, marking a significant expansion into mainstream retail.

The popular NFT project Pudgy Penguins has announced the closure of its mobile battle royale game, Pudgy Party, shifting focus to its immersive Pudgy World experience.

Pudgy Penguins is halting development of its mobile game, Pudgy Party, to concentrate resources on its immersive virtual world, Pudgy World.

The European Banking Authority (EBA) proposed a penalty framework allowing fines up to 12.5% of annual revenue for non-compliant significant token issuers.

Binance saw over $400 million in net outflows this past week as the EU's MiCA regulation deadline approaches, though not signaling a mass exodus.

Coinbase and OKX are offering up to 8% bonuses to attract Binance's EU users after the exchange failed to secure a MiCA license.

Bitcoin is at a critical juncture, with historical July gains and heavy short bets suggesting a rally to $75,000, while a break below key support could trigger a drop to $55,000.

MicroStrategy Chairman Michael Saylor has teased additional Bitcoin purchases, even as the company's stock, MSTR, experiences a continued downturn.

SBI Holdings has acquired Japanese crypto exchange Bitbank for $289 million, a move highlighting the push for regulated scale in Japan's evolving digital asset market.