Backpack EU secures MiCA and Payment Institution licenses from Latvia, adding to MiFID II coverage across all 27 EU states. Backpack EU has secured MiCA and Payment Institution licenses from the Bank of Latvia. The approvals allow regulated expansion across all 27 European Union member states. The company said the...
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Europe’s Third-Largest Bank Crédit Agricole Debuts Euro-Backed Stablecoin
Crédit Agricole launches EURXT, a MiCA-compliant euro-backed stablecoin on Ethereum, expanding tokenized finance for institutional and corporate clients. Crédit Agricole, Europe’s third-largest bank by assets, has launched its euro-backed stablecoin called EURXT. The stablecoin is launched by the bank’s asset servicing arm, CACEIS, on the Ethereum blockchain. Initially, EURXT is...
UAE Private Bank Buys €120M in Bitcoin, Calls It a Strategic Asset
Goldman Lampe invested €120M in Bitcoin, reinforcing its long-term digital asset strategy. The UAE bank views Bitcoin as a resilient store of value despite recent market volatility. Institutional Bitcoin adoption continues growing as firms capitalize on market corrections. UAE-based Goldman Lampe Private Bank has purchased €120 million worth of Bitcoin,...
Taiwan Passes Crypto and Stablecoin Bill in Major Regulatory Shift
Taiwan mandates licenses for crypto firms under the new Virtual Asset Service Act. Stablecoin issuers need central bank and FSC approval with full reserve backing. New law imposes tougher penalties for fraud, manipulation, and unlicensed operations. Taiwan has passed the Virtual Asset Service Act, establishing its first comprehensive legal framework...
SEC Seeks Public Input on New Crypto ETF Regulatory Framework
SEC opens a 60-day consultation on proposed rules for crypto and novel ETF products. Review examines whether current ETF regulations fit evolving digital asset investments. Public feedback could shape future approvals and oversight of crypto investment funds. The U.S. Securities and Exchange Commission (SEC) has launched a public consultation on...
Bitcoin Could Still Explode Higher, Says CryptoQuant CEO: Here’s Why
CryptoQuant CEO says Bitcoin needs trillions in capital inflows for a new parabolic bull run, not retail ETF trading. Bitcoin trades at $58,527.88, down 1.02% over the past 24 hours and 6.30% for the week, according to CoinGecko data. Trading volume sits at $33.87 billion. CryptoQuant CEO Ki Young Ju...
Binance and CZ Face $200M Lawsuit From Nearly 1,700 UK Investors
Nearly 1,700 UK investors sue Binance and CZ for $200M over unauthorized derivatives sold since 2019. Full case details here. Nearly 1,700 British investors have taken Binance and its founder, Changpeng Zhao, to court. They are seeking at least £150 million, roughly $200 million, in damages. The claimants say Binance...
Edel Finance Exploit Exposes Oracle Weakness, Leaves $403K Hole
Edel Finance loses $403K to a flash-loan oracle exploit. V1 remains paused as Edel pledges full 1:1 depositor restoration. Edel Finance lost roughly $403,000 after an attacker manipulated an on-chain price oracle. Blockchain security firm Blockaid flagged the exploit as it unfolded. The attacker used a flash loan to distort...
Utorg Obtains MiCA License as July 1 Deadline Forces Much of the Industry Out of Europe
Dubai, UAE, July 1st, 2026, Chainwire Utorg, a crypto wallet and card platform built on institutional-grade infrastructure, today announced it has received full authorization under the EU’s Markets in Crypto-Assets (MiCA) regulation, effective July 1, 2026 – the date on which the industry’s transitional period ends and unauthorized providers can...
Ethereum Whales Move Millions to Exchanges as Stablecoin Activity Surges
Ethereum and stablecoin whale deposits rose as Santiment tracked major CEX inflows in USDe, USDG, ETH, and stETH. Ethereum and stablecoin whale deposits rose over the past 24 hours, according to Santiment’s centralized exchange data. The largest tracked deposits included Ripple USD, Ethena USDe, Global Dollar USDG, Ethereum, and staked...