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 […]

European Banking Authority headquarters in Paris, symbolizing new crypto penalty framework under MiCA
Bitcoin News

EU Watchdog EBA Details Framework for Crypto Fines as MiCA Enforcement Intensifies

The European Banking Authority (EBA) published a consultation paper on June 26 outlining a standardized framework for penalizing issuers of significant digital tokens that violate the European Union’s Markets in Crypto-Assets (MiCA) regulation. The proposed penalties include fines of up to 12.5% of annual turnover for issuers of significant asset-referenced tokens and up to 10% […]

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 […]

Bitcoin price charts and options data displayed on trading monitors in a dimly lit financial trading desk environment.
Bitcoin News

Bitcoin Options Traders Hedge Downside as Uncertainty Lingers, Anchorage Digital Reports

Bitcoin options traders are increasingly hedging against downside risk as macroeconomic and regulatory uncertainty continues to weigh on the cryptocurrency market, according to a new report from Anchorage Digital, a federally chartered digital asset bank. Options Market Signals Caution Anchorage Digital’s analysis of Bitcoin options data reveals a notable shift in trader behavior toward protective […]