Kraken's Europe Banking Push: Why Exchanges Want Deposit Rails, Not Just Trading Fees
MiCA enforcement on July 1, 2026 puts fiat access in focus. Kraken targets a Lithuanian bank licence and leads EU liquidity, per DefiLlama.
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The post AscendEX Exchange Shuts Down With No Guarantee Users Will Get Their Funds Back appeared on BitcoinEthereumNews.com. Key highlights: The exchange stopped operations on July 1 as the new MiCA rules took effect Users were warned that their assets may not be recoverable Automated withdrawals have been suspended, with all now under manual review Thousands of AscendEX users could potentially lose the funds they have in the crypto exchange. The firm has officially shut down operations amid regulatory challenges and financial difficulties. Interestingly, the company also told its customers that it cannot guarantee that they will recover all of the assets held in their accounts. AscendEX closure raises questions for customers In a notice published on July 6, the firm officially confirmed that it ceased operations on July 1. The company then added that the European Union’s MiCA regulation was a major reason behind the closure. The new framework requires crypto firms operating in the EU
Read full articleMiCA enforcement on July 1, 2026 puts fiat access in focus. Kraken targets a Lithuanian bank licence and leads EU liquidity, per DefiLlama.
Circle’s EURC launch on Base is a small but important stablecoin infrastructure move. It brings a native euro-denominated token to one of the most watched Ethereum layer-2 networks at a time when European regulation is b
The post BingX Expands Tradfi Offerings with 1,000,000 USDT Earnings Season Campaign appeared on BitcoinEthereumNews.com. PANAMA CITY, July 9, 2026 –BingX, a leading cryptocurrency exchange and Web3-AI company, today announced a 1,000,000 USDT trading campaign designed to help users participate in one of the year’s most active periods for equity markets, as July earnings season begins with more than 15 major global companies set to report results. Running from July 9 to July 29, 2026, the campaign forms the fourth edition of BingX’s Global Capital Gala series, featuring trading activities designed around the upcoming earnings season. Participants can earn rewards through earnings-stock trading tasks, first-time trades, and trading challenges tied to earnings announcement dates. Eligible users who complete campaign requirements will have the opportunity to share the total reward pool, with additional incentives available throughout the event period. The campaign highlights the continued
Europe’s stablecoin rulebook is becoming much more real. ESMA’s finalized MiCA guidelines add another layer of detail to how stablecoin issuers and service providers are expected to operate inside the bloc, especially wh
The post Binance Perpetual Contracts Launch New US Equities appeared on BitcoinEthereumNews.com. Binance Futures is pushing further into traditional finance territory with seven new Binance perpetual contracts set to go live on July 9, 2026 — and the underlying assets are anything but typical for a crypto exchange. Key takeaways Seven USDⓈ-margined perpetual contracts launch on Binance Futures starting July 9, 2026 at 14:00 UTC, staggered every five minutes. Underlying assets include stocks like Wendy’s and RoboStrategy, plus leveraged ETFs tied to Intel and Sandisk, and the SPDR S&P Biotech ETF. Most contracts offer up to 25x leverage; BNCUSDT and FWDIUSDT are capped at 10x. Funding fees settle every eight hours with rates capped at +2.00% / -2.00%, with no adjustment to hourly intervals under any condition. The minimum notional value to trade is just 5 USDT, with a minimum trade size of 0.01 units per contract. Binance Launches Seven New USDⓈ-Margined Perpetual Contracts Rather than
The post EU Set to Revise MiCA in 2027 to Cover Foreign Stablecoin Issuers appeared on BitcoinEthereumNews.com. In brief The EU is preparing to reopen its Markets in Crypto-Assets (MiCA) rulebook, likely in 2027, to regulate non-EU stablecoin issuers and broaden its scope, EU diplomats told Euronews. The push follows the U.S. GENIUS Act and President Trump’s promotion of dollar-backed stablecoins, which make up 95% of the market. The European Commission is consulting stakeholders until September 30 before deciding whether to formally reopen the law. The European Union is preparing to reopen its flagship crypto rulebook to bring non-EU stablecoin issuers under its supervision, as U.S. President Donald Trump’s embrace of dollar-pegged tokens unsettles European regulators, Euronews reported, citing several EU diplomats. MiCA, the bloc’s landmark crypto framework, only fully came into force on July 1, but officials already see a rewrite as inevitable. “Reopening the file seems unavoidable
The post EU to Reopen MiCA in 2027 to Cover Foreign Crypto Issuers appeared on BitcoinEthereumNews.com. MICA News The European Commission is preparing to reopen the Markets in Crypto-Assets Regulation, the bloc’s landmark crypto framework known as MiCA, barely a week after the rules took full effect. The official consultation signals that the revision would extend supervision to non-EU crypto asset issuers and tokenized means of payment, with a formal proposal expected in 2027. The Commission is gathering stakeholder feedback through September 30 as it weighs whether to formally reopen the file, though lawmakers increasingly view a review as inevitable. The move indicates that Europe intends to close structural gaps before its rulebook hardens into the global compliance benchmark for digital assets circulating across member states. At the center of the review lies a supervisory blind spot: MiCA does not specifically govern non-EU companies that issue crypto assets while operating insid
Trump's embrace of stablecoins is pushing Brussels to expand its crypto law to non-EU issuers and tokenized payments, EU diplomats say.