FM Crypto

US Banks Target CLARITY Act Stablecoin Rewards in Fight Over Deposit Flight A coalition of 78 banking groups, led by the American Bankers Association, is urging lawmakers to tighten the CLARITY Act by restricting how payment stablecoin issuers can reward users. https://www.financemagnates.com/cryptocurrency/regulation/us-banks-target-clarity-act-stablecoin-rewards-in-fight-over-deposit-flight/?tg=1784057399

Blockchain.com Taps Polymarket to Capture Event-Trading Demand Inside Its Brokerage App Blockchain.com has partnered with Polymarket, bringing prediction market trading directly into its brokerage app. The integration allows eligible Blockchain. https://www.financemagnates.com/cryptocurrency/blockchaincom-taps-polymarket-to-capture-event-trading-demand-inside-its-brokerage-app/?tg=1784035810

Crypto Exchanges Close the Gap to Wall Street as MEXC Logs 7.1 Billion in SpaceX Futures Crypto exchange MEXC said today (Tuesday) that perpetual futures tied to SpaceX shares drew more than 7.1 billion USDT in trading volume in the weeks after the rocket company listed on June 12. https://www.financemagnates.com/cryptocurrency/crypto-exchanges-close-the-gap-to-wall-street-as-mexc-logs-71-billion-in-spacex-futures/?tg=1784023200

Blockmaze Receives Guinness World Records Title for over 40 Regulatory Licences at Launch Blockmaze has received a Guinness World Records title for "Most Financial Regulatory Licences at a Blockchain Ecosystem Launch." . The award was presented to the Blockmaze Foundation during a cerem... https://www.financemagnates.com/cryptocurrency/blockmaze-receives-guinness-world-records-title-for-over-40-regulatory-licences-at-launch/?tg=1784008800

Europe's Post-MiCA Reshuffle: Two Data Points, One Confused Market Roughly 80% of the more than 1,200 firms previously registered under national crypto rules failed to secure a Crypto-Asset Service Provider licence before the MiCA transitional window closed on Jul... https://www.financemagnates.com/cryptocurrency/exchange/europes-post-mica-reshuffle-two-data-points-one-confused-market/?tg=1783971000

SBI Holdings Taps Solana to Build Japan’s Institutional On-Chain Finance Market SBI Holdings has entered into a strategic partnership with the Solana Foundation to build an on-chain financial market for real-world assets, stablecoins and institutional settlement. https://www.financemagnates.com/cryptocurrency/sbi-holdings-taps-solana-to-build-japans-institutional-on-chain-finance-market/?tg=1783963333

Webull EU Secures MiCA Authorisation as EU Targets Post-Regulation Gaps Webull EU has secured approval under the Markets in Crypto-Assets (MiCA) regulation, granted by the Dutch regulator. . This authorisation represents one of the first major approvals following the c... https://www.financemagnates.com/cryptocurrency/webull-eu-secures-mica-authorisation-as-eu-targets-post-regulation-gaps/?tg=1783929882

Circle Becomes “First Stablecoin Issuer” to Win US National Trust Bank Approval Circle has received final approval from the US Office of the Comptroller of the Currency to establish a national trust bank, allowing the USDC issuer to expand its regulated digital asset custody o... https://www.financemagnates.com/cryptocurrency/circle-becomes-first-stablecoin-issuer-to-win-us-national-trust-bank-approval/?tg=1783703057

Europe's Crypto Bonus Wars Are Back but CFD Brokers Can't Join Them Within ten days in late June, four licensed crypto exchanges rolled out overlapping customer acquisition campaigns targeting users in the European Economic Area. https://www.financemagnates.com/cryptocurrency/regulation/europes-crypto-bonus-wars-are-back-but-cfd-brokers-cant-join-them/?tg=1783695600

Ten Days to the GENIUS Act Deadline: What the Draft Rules Already Reveal Ten days remain before the statutory deadline for federal agencies to publish the implementing rules under the GENIUS Act. As of this week, the rulebook is still missing, leaving stablecoin issuers... https://www.financemagnates.com/cryptocurrency/regulation/ten-days-to-the-genius-act-deadline-what-the-draft-rules-already-reveal/?tg=1783674399

EU Lawmakers Look Beyond MiCA, Targeting DeFi and Staking Just days after the Markets in Crypto-Assets regulation became fully applicable on July 1, the European Parliament called on the European Commission to identify gaps in the current crypto rulebook ... https://www.financemagnates.com/cryptocurrency/regulation/eu-lawmakers-look-beyond-mica-targeting-defi-and-staking/?tg=1783511700

bitFlyer USA expands to West Virginia, nears full US coverage bitFlyer USA has launched trading services in West Virginia, bringing the Japanese-owned crypto exchange closer to full coverage of the US market. https://www.financemagnates.com/cryptocurrency/exchange/bitflyer-usa-expands-to-west-virginia-nears-full-us-coverage/?tg=1783416458

Binance Re-Enters Philippines as Regulator Clears BlockShoals Sandbox Binance is set to enter the Philippine market through a regulatory sandbox after the country's Securities and Exchange Commission granted final approval to BlockShoals Technologies Inc. https://www.financemagnates.com/cryptocurrency/binance-re-enters-philippines-as-regulator-clears-blockshoals-sandbox/?tg=1782987728

MiCA Day One: We Tested How Europe's Unlicensed Exchanges Treat New Users Europe's MiCA transition period ended on July 1, cutting off unlicensed crypto exchanges from serving new EU clients. . Finance Magnates tested what users with an EU IP address encounter when attem... https://www.financemagnates.com/cryptocurrency/regulation/mica-day-one-we-tested-how-europes-unlicensed-exchanges-treat-new-users/?tg=1782923040

Binance Faces £150M UK Lawsuit From 1,692 Retail Derivatives Traders Nearly 1,700 British investors allege Binance sold leveraged derivatives it was not authorised to offer under UK law, in a claim filed as the exchange continues to navigate regulatory challenges ac... https://www.financemagnates.com/cryptocurrency/exchange/binance-faces-150m-uk-lawsuit-from-1692-retail-derivatives-traders/?tg=1782914946

Kraken Plugs Institutional Liquidity into Europe’s Banking Rails via Trever Integration Kraken has integrated Kraken Prime into Trever, giving European banks and brokers a way to execute and settle institutional crypto trades inside their existing operating environment. https://www.financemagnates.com/cryptocurrency/exchange/kraken-plugs-institutional-liquidity-into-europes-banking-rails-via-trever-integration/?tg=1782815102

The UK's FCA Eases Stablecoin Rules Following Industry Backlash The UK’s Financial Conduct Authority (FCA) has now performed a significant about-turn on its stablecoin proposals, halving its planned capital requirements from 2% to 1%. https://www.financemagnates.com/cryptocurrency/the-uks-fca-eases-stablecoin-rules-following-industry-backlash/?tg=1782801274

Two Days Before MiCA Transition Ends, FalconX Secures EU Crypto License FalconX has received authorization under the European Union's Markets in Crypto-Assets Regulation from the Malta Financial Services Authority, allowing the institutional digital asset prime broker ... https://www.financemagnates.com/cryptocurrency/two-days-before-mica-transition-ends-falconx-secures-eu-crypto-license/?tg=1782754445

Europe's Crypto Market After July 1: Who Stays, Who Leaves, and What Changes Under MiCA Binance, the world's largest exchange by volume, enters July without EU authorisation. Tether's USDT has already been delisted across major regulated venues. https://www.financemagnates.com/cryptocurrency/regulation/europes-crypto-market-after-july-1-who-stays-who-leaves-and-what-changes-under-mica/?tg=1782392910

Binance Maintains EU Ambitions Despite Licensing Hurdles Binance is searching for alternative ways to remain in the European Union after its attempt to secure a licence in Greece failed, putting its regional operations at risk ahead of a key regulatory d... https://www.financemagnates.com/cryptocurrency/binance-maintains-eu-ambitions-despite-licensing-hurdles/?tg=1782314329