The post ‘70% of funds went to unregulated wallets’- Binance CEO warns MiCA amplifies risk appeared on BitcoinEthereumNews.com.
Binance CEO Richard Teng has cast doubt on the effectiveness of the EU’s crypto regulatory regime, MiCA, citing capital flow patterns from the exchange. In an interview with Reuters, Teng highlighted an interesting insight as MiCA went into effect. 70% of those funds go to self-hosted wallets. Only 30% flows to MiCA-regulated entities. He added, Can the MiCA regime then serve its purpose by minimizing risks for the users? Once the funds go to self-hosted wallets, the risk amplifies because you don’t have oversight and AML controls. Binance failed to get MiCA approval and withdrew its initial Greek application. Like the rest of the platforms without approval, they are required to allow users to move their funds and stop any new sign-ups of EU citizens. In fact, Coinbase and OKX launched aggressive bonus wars to attract Binance EU users in late June and earl
The post XRP Faces Bearish Winds as Traders Bet on Further Decline appeared on BitcoinEthereumNews.com.
XRP, developed by Ripple Labs for seamless cross-border transactions, finds itself under intense selling pressure. At Binance, one of the premier global cryptocurrency exchanges, the funding rates for XRP have sharply dropped to highly negative figures, highlighting a bearish outlook among traders anticipating more drops in XRP’s value. Continue Reading:XRP Faces Bearish Winds as Traders Bet on Further Decline Source: https://en.bitcoinhaber.net/xrp-faces-bearish-winds-as-traders-bet-on-further-decline
The UK's participation in the EU's defense loan scheme for Ukraine strengthens post-Brexit ties and boosts UK defense industry prospects.
The post UK joins EU’s €60B defense loan scheme for Ukraine, reshaping European security spending appeared first on Crypto Briefing.
The post The Digital Euro Moves Forward: EU Parliament Clears Path for Key Interinstitutional Negotiations appeared on BitcoinEthereumNews.com.
Key Takeaways EU Parliament advanced the digital euro, moving the CBDC into final negotiations with member states. The asset will provide free basic accounts and holding limits, protecting commercial bank liquidity. The ECB will use the CBDC to counter stablecoins, reducing European dependence on external providers. Digital Euro Advances To Negotiation Phase Europe is a step closer to implementing a unified central bank digital currency ( CBDC), the digital euro, across the eurozone. On Thursday, the European Parliament advanced the creation of a digital euro with 416 votes in favor, 169 votes against, and 22 abstentions, allowing it to proceed into a new legal stage. The currency, first proposed in 2023 as an instrument enabling Europe to maintain its monetary sovereignty and put digital cash in the hands of its citizens, now enters into a new
With 426 votes in favor, the European Parliament has approved moving to the next stage to launch and implement the digital euro in the eurozone. Now, the parliament will have to negotiate with member states and agree on a common proposal for the unified digital currency. Digital Euro Advances To Negotiation Phase Europe is a […]
The post XRP Funding Rates Turn Extremely Bearish as Open Interest and Market Cap Slide appeared on BitcoinEthereumNews.com.
TLDR: XRP funding rates on Binance have turned extremely negative, signaling heavy short positioning. XRP has dropped 70% since July 2025, though it remains above its historical lows. Open interest fell to $350.6 million as leveraged traders exit futures positions broadly. NVT ratio stays elevated at 162.86, showing network activity lags behind valuation levels. XRP funding rates have dropped to extremely negative levels as the token continues to trade under pressure. The broader altcoin market remains weak, with roughly 40% of altcoins sitting close to their all-time lows. XRP has avoided that fate so far, yet it has still lost around 70% of its value since reaching $2.45 in July 2025. Traders on Binance are increasingly positioning for further downside. Funding Rates Signal Extreme Pessimism Derivatives data shows that bearish sentiment toward XRP has intensifi
The post Binance Co-CEO Questions MiCA After EU User Withdrawals appeared on BitcoinEthereumNews.com.
Most European users who withdrew assets from Binance after its EU service suspension chose self-custody instead of regulated exchanges. Binance co-CEO Richard Teng said roughly 70% of withdrawals moved into private wallets, while only 30% reached MiCA-licensed trading platforms. The trend suggests many users prioritized direct control over their digital assets despite the European Union’s push for stronger oversight under its Markets in Crypto-Assets framework. Consequently, the migration has renewed debate about whether tighter regulations can achieve their intended consumer protection goals. Teng Questions MiCA’s Practical Impact Teng argued that funds held in self-custodied wallets no longer remain within regulated compliance systems. Consequently, authorities lose visibility through anti-money laundering and know-your-customer monitoring that licensed exchanges provide. Binance h
The EU's potential trade ban on Israeli settlements could intensify geopolitical tensions and increase compliance burdens for crypto firms.
The post EU to discuss potential trade ban on Israeli settlements, raising fresh sanctions compliance questions for crypto appeared first on Crypto Briefing.
The post EURC On-Chain Activity Hits All-Time High As MiCA Drives Euro Stablecoin Demand appeared on BitcoinEthereumNews.com.
Circle’s EURC stablecoin just printed its busiest day on-chain in the asset’s four-year history. Both daily active addresses and new wallet creation exploded to record levels, according to the on-chain update from Santiment. The sudden burst of usage is not noise. It aligns with a structural shift as European exchanges, apps, and payment teams hunt for compliant alternatives under the continent’s new crypto rulebook. A Sudden Spike in Euro Coin Usage Active addresses and network growth are two of the bluntest tools for measuring real adoption. A simultaneous surge in both suggests fresh capital and new participants—not just existing holders shuffling tokens. EURC’s daily active addresses vaulted to an all-time high, and the number of new wallets entering the network did the same. That dual breakout rarely happens by accident. The timing is critical. For years, d
