Latest Crypto News & Market Updates

Binance may face EU service limits after missing the MiCA license deadline

Binance is facing a challenge in Europe as the European Unions new crypto regulations take full effect. The exchange is set to implement possible service restrictions after failing to obtain a MICA license by the July 1 deadline.　　The cutoff will end the blocs transition period for crypto asset service providers. If not approved by an EU member state, companies are not allowed to serve users in the EU and should wind down their operations in an orderly manner.　　The Binance license issue has already impacted users in several countries. The FT reported that customers in Poland, Italy, Spain, and France received emails with withdrawal instructions.　　However, the exchange noted that it is not setting a full withdrawal deadline of July 1, but some users may still be affected. In addition, some services may be halted before the deadline, leaving users awaiting further instructions in a state of unease.　　Binance provided assurances to users that their assets remain safe and accessible at all times. The company also added that Europe continues to be an important part of its long-term plans.　　Binance MiCA license path stalls before deadline　　Binance had applied in Greece for a license that could allow it to serve clients across the EU. However,

06-27Exchange

Bitcoin demand has stayed negative for months—Heres what it means for BTC

On June 24, $700 millionworth of long positions were liquidated across the crypto market. A Bitcoin [$BTC] sell-off led to fearful market conditions and hunted down speculative long positions trying to buy the dip.　　The leading crypto was trading below $60konce more, and more losses appeared likely.　　Bitcoin demand has been drying up for months　　Source: Ali Charts on X　　In a post on X, analyst Ali Martinez showed that $BTCs apparent demand has been negative for 208 days. The metric measures if spot demand is strong enough to absorb the supply from new miner production and old supply moving onto exchanges.　　Negative values indicate that selling pressure outweighs demand, creating significant resistance to price bounces.　　AMBCrypto reported that though the Bitcoin OI was down from its 2025 peaks, the volatility remained high.　　The Coinbase Premium Index has been negative for over a month, signaling a lack of demand from investors in the U.S. Sustained spot ETF outflows showed a lack of confidence as the price action continued to weaken.　　Source: Axel Adler Jr.　　Crypto analyst Axel Adler Jr. noted that the net realized P/L has been in negative territory for five months. This metric uses the difference between realized profit and loss, and the 90-day moving average to

06-27Exchange

Securitize expects to raise $400M ahead of public debut

Tokenization platform Securitize says it expects to raise $400 million in its upcoming public debut through a merger with a company backed by Cantor Fitzgerald.　　Securitize said on Friday that its final redemption results showed less than 30% of shareholders in Cantor Equity Partners II (CEPT), the special purpose acquisition company that will take Securitize public, had elected to redeem.　　The company said it expects to receive approximately $400 million in gross proceeds from the merger, including related private investment in public equity, or PIPE, financings and excluding transaction-related expenses.　　Securitize is set to be the latest buzzy crypto-related public debut as Wall Street seeks exposure to tokenization, an area that is seeing heightened investor interest and attention from US regulators.　　Shares in Cantors acquisition vehicle rose on Friday, closing the trading day up 7% to $10.86 and continuing to rise after-hours to $11.　　CEPT shares climbed on Friday as Securitize announced fewer shareholder redemptions than expected. Source: Google Finance　　The merger between Securitize and CEPT is expected to close on Wednesday, July 1, subject to shareholder approval on Monday and other closing conditions, and the company will then trade under the ticker SECZ on the New York Stock Exchange on Thursday, July 2.　　“Reaching the public

06-27Exchange

Binance Co-CEO Yi He Says Europe Remains Key, Crypto Exchanges Will Become Financial Gatekeepers

Binance‘s regulatory headaches in Europe haven’t changed its appetite for the continent. Co-CEO Yi He told the audience at an event in Brussels that Europe is an important market for the exchange and that Binance intends to keep working with national and EU-level authorities, according to the original report. Building trust takes time, she added, and Binance is in a direct dialogue with regulators to advance its compliance profile. The comments come as the company navigates a patchwork of registration requirements, with the EUs Markets in Crypto-Assets (MiCA) framework nearing full application.　　Yis statement arrives after a period of retreat. Binance has pulled back from multiple European jurisdictions, including the Netherlands and Germany, over licensing roadblocks. It also exited Austria and halted derivatives in several markets. Despite that, Yi made clear the firm considers Europe a long-term terrain. “Europe remains an important market for Binance,” she said, pointing to ongoing cooperation with regulators. For a platform that once operated with a jurisdictional-by-jurisdictional whac-a-mole strategy, the language signals a deeper structural shift.　　Europe Remains Central to Binances Strategy　　MiCA, which introduces a single licensing regime across the 27-nation bloc, offers exchanges a clear path if they can meet the standards. Full implementation is expected

06-27Exchange

Bitcoin ETFs Lose $696 Million as Blackrock and Fidelity Lead Broad Crypto Selloff

Crypto ETF flows deteriorated sharply on Thursday, June 25, as bitcoin ETFs posted a sixth straight day of outflows, with redemptions reaching $696 million. Ether funds also saw heavy exits, while HYPE and solana ETFs joined the selloff.　　Key TakeawaysBitcoin ETFs lost $696.29M on June 25, with Fidelity and Blackrock leading outflows.Ether, HYPE, and solana ETFs also turned negative, signaling broader risk-off sentiment.Morgan Stanleys MSBT added $9.17M, but ETF demand remains weak across crypto markets.　　HYPE ETFs Turn Negative After Weeks of Inflows as Crypto Selloff Widens　　The pressure that had been building all week finally broke into a wider rout.　　Bitcoin ETFs suffered their largest daily outflow of the week, pushing total weekly redemptions to about $1.35 billion. What began as a steady withdrawal from major funds has now become a broader retreat, with selling spread across nearly the entire bitcoin ETF complex.　　Bitcoin ETFs Face Broad-Based Selling　　Bitcoin ETFs recorded $696.29 million in net outflows, marking the categorys sixth consecutive day in negative territory. The exits were spread across eight funds.　　Fidelity‘s FBTC led the losses with a $274.48 million outflow, narrowly ahead of Blackrock’s IBIT, which lost $265.68 million. Ark & 21Shares‘ ARKB saw $82.11 million leave, while Invesco’s BTCO posted a $53.03 million

06-26Industry

Tether stablecoin flips Ether by market cap as ETH routs to $1.5K

Tether stablecoin USDt has become the second-largest cryptocurrency by market capitalization as Ether fell to a yearly low on Friday.　　Ethers market capitalization dropped below $185 billion following a 5.2% price crash over 24 hours, sending the asset tumbling to $1,510 on Coinbase, according to TradingView. This allowed USDt, with a $186 billion market capitalization, to surpass the cryptocurrency.　　“[The] stablecoin overtake really highlights how the market still favors stability over $ETHs volatility right now,” Andri Fauzan Adziima, research lead at Bitrue Research Institute, told Cointelegraph.　　The development reflects accelerating stablecoin growth, which currently represents almost 15% of the entire crypto market capitalization. Stablecoin supply retracted more than 30% in the last bear market, but theyre hitting record highs this time, wrote 21Shares on Thursday, adding:　　“To us, that is the strongest evidence yet that stablecoins are one of cryptos defining use cases – demand that no longer depends on the cycle.”　　USDt flips $ETH in market capitalization. Source: CoinGecko　　Alvin Kan, chief operating officer of Bitget Wallet, told Cointelegraph that the flip is a “notable milestone that highlights the explosive growth and dominance of stablecoins in todays crypto ecosystem.”　　“It demonstrates strong demand for reliable, liquid on- and off-ramps during periods of volatility, while serving as

06-26Exchange

Ark Invest buys Coinbase, Robinhood, Circle and Bullish on market dip

SummaryArk Invest bought more Coinbase, Circle, Bullish, and Robinhood shares after all four stocks closed lower on Thursday.Recent purchases continued Arks strategy of adding to crypto related stocks during periods of market weakness.Cathie Wood said falling unit labour costs and stronger productivity could push inflation lower than many investors expect.　　Ark Invest‘s latest daily trading disclosure showed the firm bought 9,014 Coinbase shares across its ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). Based on Coinbase’s Thursday closing price of $142.52, the purchase was worth about $1.28 million.　　Here is every move Cathie Wood and Ark Invest made in the stock market today 6/25 pic.twitter.com/fqk9sX1J7a　　— Ark Invest Tracker (@ArkkDaily) June 26, 2026　　The investment firm also acquired 9,264 Circle shares valued at approximately $637,455 and 9,136 Bullish shares worth about $199,895. Through ARKK, Ark added another 35,023 Robinhood shares with a market value of roughly $3.27 million.　　Coinbase ended Thursday down 5.06%, Circle lost 3.06%, Robinhood fell 3.83%, and Bullish declined 6.77%. Ark increased its exposure as each stock traded lower.　　Ark manages its exchange-traded funds with a policy that limits any single holding to no more than 10% of a portfolio. The firm periodically adjusts positions

06-26Exchange

Gomining Mines First Live Stratum V2 Bitcoin Block, Shifting Control to Miners

Digital mining firm Gomining said it mined the first live Bitcoin block using the Stratum V2 protocol via the DMND mining pool.　　Key TakeawaysGomining mined the first live Bitcoin block via DMND pool, letting miners pick transactions.Gomining bypassed centralized pool operators for over a decade of tradition by constructing its own template.Advocates expect this production milestone to drive global adoption of Stratum V2 across mining networks.　　A Milestone for Miner Autonomy　　Digital mining firm Gomining revealed Thursday, June 25, that it successfully mined the first known live Bitcoin block utilizing the Stratum V2 protocol. The block was produced in a live production environment using the DMND bitcoin mining pool. The achievement demonstrates a functional blueprint for miner-controlled block creation, a structural shift away from the centralized transaction selection models that have long dominated the cryptocurrency mining sector.　　For more than a decade, mining pools have held primary control over which transactions are included in Bitcoin blocks. Gomining bypassed this dynamic by leveraging Stratum V2s job declaration functionality via the DMND pool, according to a media statement. This allowed the company to locally construct and declare its own block template rather than relying on a pool operator to select transactions.　　“This block demonstrates that miners can

06-26Industry

Ethereum Layer-2 Base Stalls Nearly Two Hours After Invalid Block Freezes Sequencer

Crypto News　　Ethereums largest layer-2 network, Base, halted block production for nearly two hours on Thursday after an invalid block triggered a consensus failure, marking what appears to be its most severe disruption in 90 days. The Coinbase-incubated network first flagged abnormal block production at 16:03 UTC, and within minutes its engineering team publicly acknowledged the fault. Base confirmed in an official statement that all user funds remained safe throughout the stall. As an altcoin ecosystem anchored to Ethereum, Base settles a large share of low-cost transactions, so the freeze rippled across deposits, withdrawals and on-chain activity until sequencing resumed.　　The recovery followed a tightly documented sequence. By 16:52 UTC — roughly 50 minutes after the first alert — engineers identified the root cause. The consensus problem was isolated at 17:21 UTC, when internal sequencer and node components showed early signs of recovery. Block sequencing was restored at 17:51 UTC, and the network confirmed normal block production at 17:58 UTC before entering a monitoring phase. Our reading of the published timeline puts the full stall at roughly 115 minutes. Base stated that any remaining stuck nodes would recover after a restart and resync, and pledged a detailed post-mortem once its internal review

06-26Exchange

BitGo Cuts Nearly 15% of Workforce to Prioritize AI and Stablecoin Infrastructure

BitGo is reducing nearly 15% of its workforceas part of a strategic restructuring.The company will prioritize security, trading, stablecoins, settlement, and AI-powered infrastructure.CEO Mike Belshe said the layoffs are a one-time action, with no additional workforce reductions currently expected.　　BitGo has announced a workforce reduction affecting nearly 15% of its employees as the digital asset infrastructure company narrows its strategic focus on artificial intelligence and stablecoin-related services. The announcement was made by CEO Mike Belshe in a public statement on June 25 and was simultaneously furnished to the U.S. Securities and Exchange Commission (SEC) through an 8-K filing, making the restructuring part of the companys official investor disclosures.　　BitGo Refocuses Resources on Core Growth Areas　　According to Belshe, the restructuring reflects changes across the financial services and digital asset industries, prompting BitGo to become “sharper and more deliberate” in allocating talent and capital. Going forward, the company will concentrate its efforts on security, trading, stablecoins, settlement, and AI-powered infrastructure.　　Today Im sharing a hard decision: we are reducing our workforce by nearly 15%.　　I want to be straight with you about why. The ecosystem has evolved, and the way we build financial services has changed dramatically. To keep winning for our clients, we need to

06-26Exchange

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