Circle Shares Fall After Open USD Stablecoin Targets USDC
Circle shares dropped nearly 15% after Open Standard unveiled Open USD, a consortium-backed stablecoin targeting USDC’s enterprise user base and reserve revenue model.
Circle shares dropped nearly 15% after Open Standard unveiled Open USD, a consortium-backed stablecoin targeting USDC’s enterprise user base and reserve revenue model.
Binance is winding down its EU services under the Markets in Crypto-Assets regulation. The move tests the exchange’s market dominance and compliance framework.
AI agents are being integrated into crypto wallets and exchanges with transaction signing authority. Industry participants call for tiered permissions and strict spending limits to manage new risks.
Binance will halt crypto services in multiple EU countries from July 1, 2026, due to the MiCA licensing deadline. The exchange withdrew its Greek application and is seeking approval elsewhere.
South Korea imposed a 210 million won fine on Bithumb for unauthorized overseas data transfers. Regulators cited consent violations and ordered corrective measures.
Rosen Law Firm has opened an investigation into Strategy, formerly MicroStrategy, over potential misleading statements on its Bitcoin strategy and related securities. No lawsuit or regulatory action has been filed.
Pump.fun is hiring a Chief Legal Officer with a base salary of up to $5 million while facing a class action lawsuit in New York that includes RICO claims.
Ripple has launched its RLUSD stablecoin in Japan through SBI VC Trade following new rules for foreign-issued stablecoins. The token is classified as an electronic payment instrument under the Payment Services Act.
Binance has pulled its MiCA application in Greece days before the EU deadline. The exchange says it will seek authorization in another member state.
The Vault has integrated Hinkal’s privacy layer to enable private stablecoin transactions for institutional clients. The move addresses transparency concerns in a market exceeding $315 billion.