Bank building exterior representing BNY Mellon institutional custody platform expansion for USDC stablecoin
Bitcoin News

BNY Mellon expands institutional custody platform to support USDC minting and redemption

BNY Mellon has expanded its Digital Asset Custody platform to allow institutional clients to store, transfer, mint, and redeem Circle’s USD Coin (USDC), marking the first stablecoin supported on the platform. The move deepens the bank’s existing relationship with Circle, where it already serves as the primary custodian of the reserves backing USDC. New stablecoin […]

European Banking Authority headquarters in Paris on a clear day
Bitcoin News

EU watchdog EBA unveils tough crypto penalty framework as MiCA enforcement begins

The European Banking Authority (EBA) published a proposed penalty framework on Friday that could strip non-compliant issuers of significant crypto tokens of up to 12.5% of their annual revenue, marking a decisive shift toward enforcement as the European Union’s landmark Markets in Crypto-Assets (MiCA) regulation takes full effect. EBA’s two-step penalty process for significant token […]

Financial analyst reviewing TAO token chart in modern office with Bittensor network visualization
Bitcoin News

DCG-backed Yuma launches institutional fund targeting Bittensor ecosystem

Yuma, an investment company backed by Digital Currency Group (DCG), has launched a fund designed to give institutional investors diversified exposure to the Bittensor ecosystem. The move comes as asset managers expand products tied to decentralized AI, following recent US government restrictions on Anthropic’s AI models. Yuma Total Market Fund offers basket exposure to Bittensor […]

Ancient digital vault with blue ethereal light spilling out, representing dormant Ethereum wallets reactivating
Bitcoin News

Dormant Ethereum wallets move 37,806 ETH as long-term whale profitability turns negative for first time since 2019

Long-dormant Ethereum wallets that had not moved funds since 2017 have suddenly become active, transferring 37,806 ETH into the market as Ether trades near the psychologically important $1,500 level. The activity comes as onchain data reveals that long-term whale profitability has turned negative for the first time since 2019, signaling a rare moment of conviction […]

Exterior of the Spanish CNMV headquarters in Madrid, a modern glass building under overcast skies.
Bitcoin News

Spain’s CNMV Chair Rules Out MiCA Deadline Extension for Crypto Firms, Impacting Binance

Carlos San Basilio, chair of Spain’s National Securities Market Commission (CNMV), has confirmed that no extensions or exceptions will be granted to cryptocurrency companies that fail to secure licensing under the European Union’s Markets in Crypto-Assets (MiCA) framework by the July 1 deadline. The statement, reported by Reuters on Friday, directly affects major exchanges like […]

A weathered Bitcoin coin on a cracked desert floor, symbolizing the challenges facing Bitcoin DeFi.
Bitcoin News

Botanix shutdown: Does Bitcoin DeFi have a demand problem?

The recent closure of Bitcoin layer-2 scaling platform Botanix has reignited a long-standing debate within the cryptocurrency industry: do Bitcoin holders actually want decentralized finance on Bitcoin? After nearly four years of development and a year of live mainnet operation, Botanix announced it was winding down, citing insufficient user demand and fee generation to sustain […]

Andy Burnham speaking at a press conference with digital blockchain background
Bitcoin News

What Andy Burnham as UK Prime Minister Could Mean for Crypto Regulation

Following Prime Minister Keir Starmer’s resignation amid declining poll numbers and internal Labour Party pressure, attention has turned to his potential successor. Andy Burnham, the MP for Makerfield and former Mayor of Greater Manchester, has emerged as a frontrunner. For the UK’s cryptocurrency and blockchain industry, Burnham’s candidacy brings a degree of optimism, rooted in […]