Markets2m read
Citi Slashes Bitcoin and Ether Price Targets Amid Stalled Legislation and Weak Demand
Citi slashes its 12-month Bitcoin and Ether price targets, scrapping ETF inflow forecasts due to stalled US crypto legislation and weak demand.
◆ #regulation
Regulation2m read
Carl Rinsch Sentenced to 30 Months for Misusing Netflix Funds on Dogecoin and Stocks
Director Carl Rinsch received a **30-month** prison sentence for diverting **Netflix** production funds to buy **Dogecoin**, **stocks**, and luxury goods.
Regulation2m read
Coinbase, Kraken, and OKX Poach EU Users Amidst MiCA Regulatory Crackdown
Coinbase, Kraken, and OKX are offering incentives to attract EU users impacted by MiCA restrictions, capitalizing on their authorized status.
Regulation2m read
Chainalysis Unveils New Blockchain Tracing Standards for Investigators
Blockchain analytics firm Chainalysis has proposed a new ontology to standardize how investigators identify and link clusters of cryptocurrency addresses.
Markets3m read
Bernstein: Prediction Market Consolidation Could Trigger M&A Wave, Regulatory Risks
Bernstein analysts indicate that prediction market platforms consolidating core operations could lead to M&A and increased antitrust and regulatory scrutiny.
Regulation2m read
BIS Warns Stablecoins Are "More Like ETFs Than Actual Money," Citing FX Risk
The **Bank for International Settlements (BIS)** warns in its **latest annual report** that **stablecoins** are **"more like ETFs than actual money"** and create **"FX risk"**.
Regulation2m read
BitMEX Replaces CEO, CFO, and Head of Growth in Executive Shake-Up
Crypto exchange BitMEX has removed its CEO, CFO, and head of growth, appointing Peter Wilkinson, former general counsel, as the new CEO.
Regulation2m read
Binance Exits European Markets Amid Licensing Failures, While EthLabs Launches to Propel Ethereum Adoption
Binance ceased operations in parts of Europe due to regulatory licensing failures, while EthLabs, backed by Joe Lubin, launched to boost Ethereum adoption.
Regulation3m read
Binance Founder CZ Envisions US as the 'Capital of Crypto'
Binance founder Changpeng "CZ" Zhao stated in a recent CoinDesk interview that he believes the United States should be the "capital of crypto."
Regulation2m read
BIS Warns Stablecoins Risk Fragmenting Global Financial System
The Bank for International Settlements warns stablecoins could fragment the global financial system, advocating for official digital currencies.
Regulation2m read
Binance Records Over $400M Net Outflows as EU MiCA Deadline Nears
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.
Regulation2m read
17 Democratic Senators Accuse CFTC of 'Assault' on State Oversight of Prediction Markets
A group of 17 Democratic senators has criticized the CFTC's funding for lawsuits against prediction markets, calling it an "assault" on state authorities.
Regulation3m read
Australian Regulator ASIC Extends Crypto Licensing Enforcement Relief to September 30
Australia's financial regulator, ASIC, has extended temporary enforcement relief for digital asset businesses until September 30 to facilitate licensing transitions.
Regulation2m read
Binance to Suspend EU Services After Failing to Secure MiCA License
Binance is set to suspend some services for its European Union users after failing to obtain a crucial MiCA license, impacting its regional operations.
Regulation2m read
Binance to Limit EU Services and Onboarding from July 1 Due to MiCA Regulations
Binance will limit EU onboarding and services from July 1 due to a lack of MiCA authorization, though withdrawals remain available for users.
Regulation2m read
CoinEx Denies Allegations of £3.8 Billion in Transactions with Sanctioned Iranian Crypto Firms
Blockchain analytics firm TRM Labs claims CoinEx facilitated over £3.8 billion in transactions with sanctioned Iranian crypto entities, a claim CoinEx disputes.
Regulation2m read
Crypto-Aligned Fairshake PAC Secures Wins in Three US State Primaries with $8 Million Media Spend
The crypto-aligned Fairshake PAC and its affiliates successfully supported candidates in Maryland, New York, and Utah primaries with $8 million in media spending.
Regulation2m read
Catholic Leaders and US Authorities Challenge CLARITY Act Over Illicit Activity Concerns
Catholic leaders and US law enforcement associations are challenging the CLARITY Act, arguing regulatory certainty must not compromise accountability or public safety.
Regulation2m read
CFTC Files Lawsuit Against Kentucky Over Prediction Markets, Ninth State Targeted
The Commodity Futures Trading Commission (CFTC) has sued Kentucky, marking it the ninth state to face legal action from the regulator over prediction markets.
Regulation2m read
Andy Burnham's Pro-Blockchain Stance Gains Attention Following Keir Starmer's Departure
Following Keir Starmer's departure, Andy Burnham's past support for blockchain as Manchester Mayor signals potential optimism for UK crypto.
Regulation2m read
CFTC Chair Michael Selig Questions Suitability of Crypto Perpetual Futures Regulation for Traditional Commodities
CFTC Chair Michael Selig stated that the agency's regulatory approach to crypto perpetual futures might not be a "natural fit for traditional commodity markets, like agriculture," to US cotton producers.
Markets2m read
CBOE Considers Converting Bitcoin and Ethereum Futures to Perpetual Contracts Amid Regulatory Shifts
CBOE is reportedly considering converting its Bitcoin and Ethereum continuous futures into perpetual futures amid accelerating US regulatory changes.
Regulation2m read
Binance's EUR Spot Trading Volume at 1% Ahead of MiCA Deadline
Euro-denominated trading accounts for only about 1% of Binance's spot volume, according to CryptoQuant, as MiCA's July 1 deadline approaches.
Regulation3m read
Bank of England Eases Stablecoin Rules, Introduces Temporary £40 Billion Issuance Cap
The Bank of England has eased stablecoin reserve requirements and introduced a temporary £40 billion issuance cap for systemic stablecoins.
Regulation2m read
CME Group Sues CFTC Over Kalshi's Perpetual Futures Product Approval
CME Group has sued the CFTC, alleging the agency improperly approved Kalshi's first U.S. perpetual futures product, sparking regulatory debate.
Regulation3m read
Binance's MiCA Licensing Faces ECB Scrutiny
Binance's pursuit of MiCA licenses in Europe is encountering friction, raising questions about the European Central Bank's influence on national regulators.
Altcoins2m read
AllUnity Launches SEKAU, a Swedish Krona-Backed Stablecoin Under MiCA Regulation
AllUnity has introduced SEKAU, a new stablecoin pegged to the Swedish Krona, operating under the EU's MiCA framework with multi-chain compatibility.
Regulation3m read
Celsius Founder Alex Mashinsky Receives Permanent CFTC Trading Ban
Celsius founder Alex Mashinsky has received a permanent trading ban from the CFTC, marking a significant regulatory action against a crypto lending platform.
Regulation3m read
CME Group Initiates Lawsuit Against CFTC Over Crypto Derivatives Classification
CME Group has filed a lawsuit against the CFTC, alleging misclassification of crypto derivatives that could destabilize traditional markets.
Regulation2m read
Crypto-Backed Candidate Secures Alabama Senate Runoff Victory
A Republican candidate supported by a significant crypto PAC has won a key Alabama primary, signaling growing digital asset industry influence.
Regulation3m read
Bybit Added to Singapore's MAS Investor Alert List
Crypto exchange Bybit has been flagged by Singapore's financial regulator for potentially misleading investors about its licensed status within the city-state.
Regulation2m read
China's Central Bank Eyes Stronger Stablecoin Regulation Amid Global Payment Growth
China's central bank is intensifying its focus on stablecoins, acknowledging their expanding role in cross-border payments and calling for stronger global regulation.
Regulation3m read
BitGo Offers MiCA Compliance Solution for European Crypto Firms
BitGo introduces a new Crypto-as-a-Service platform to help European digital asset companies navigate the upcoming MiCA regulatory requirements.
Regulation3m read
Binance Affirms EU License Compliance Amidst Rejection Reports
Binance has publicly addressed recent reports suggesting potential rejection of its EU operational licenses, firmly stating its applications are fully compliant.
Regulation2m read
Binance Denies Greek Regulatory Rejection, Affirms EU Application Compliance
Amid reports of a potential rejection from Greece's financial watchdog, global crypto exchange Binance asserts its European application remains fully compliant.
Regulation2m read
CFTC Strengthens Crypto Oversight with Key SEC Task Force Appointment
The Commodity Futures Trading Commission has bolstered its digital asset expertise by hiring a former SEC crypto enforcement adviser, signaling intensifying regulatory focus.