AscendEX Shuts Down as User Balance Payouts Remain Uncertain

OUSD's struggle to surpass USDT and USDC highlights the challenges new stablecoins face in gaining trust and market dominance amidst fierce competition. The post Cathie Wood says OUSD unlikely to displace USDT and USDC appeared first on Crypto Briefing.

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.

The post Ethereum (ETH) Rises 8% Weekly: Is a Bigger Pump Coming Next? appeared on BitcoinEthereumNews.com. “ETH to $2,500 before September,” one analyst predicted. The second-largest cryptocurrency has rebounded from the local bottoms witnessed last month, and now multiple analysts believe the price is ready to jump even higher. Growing institutional interest supports the bullish thesis and could indeed pave the way for a more substantial upward move. $2K Comes Next? As of press time, ETH trades at around $1,750, representing an 8% increase over the past week and a 17% rise from its June low. X user Ted noted that the asset recently tapped the $1,820-$1,850 resistance zone but got rejected. At the same time, he highlighted ETH’s ability to hold the $1,750 support and predicted that a decisive breakout could open the door for a rally toward $2,000. Earlier this week, Poseidon claimed that ETH has formed a double bottom under $1,800 and wondered why some people expect a decline given

The post Wisconsin Prosecutors Charge Circle Over Refusal to Seize Stolen USDC appeared on BitcoinEthereumNews.com. Circle faces Wisconsin legal pressure over a warrant tied to a stolen USDC recovery case.  Wisconsin prosecutors say crypto scams are straining law enforcement recovery tools.  Singapore police used exchanges and blockchain tools to stop over $2.9M in scam losses. Circle is facing legal pressure in Wisconsin after prosecutors accused the crypto firm of refusing to follow a warrant tied to stolen USDC. The dispute comes as authorities report rising difficulty recovering funds moved through cryptocurrency scams. According to a report, authorities in two states said Circle had not followed court orders aimed at returning stolen assets. The Wisconsin case has drawn attention because prosecutors filed a criminal complaint against the company. The complaint includes one misdemeanor count. Karen Greenway, a former FBI agent and financial crime expert, said such a charge against

"ETH to $2,500 before September," one analyst predicted.

The post Brazil’s B3 exchange introduces options on BTC, ETH, SOL futures appeared on BitcoinEthereumNews.com. Brazil’s B3 stock exchange has unveiled options on bitcoin BTC$62,673.42, ether (ETH) and solana (SOL) futures, expanding its regulated crypto derivatives offerings. The contracts bec+ame available for trading on July 6, according to a B3 circular. They include call and put options on bitcoin futures denominated in Brazilian reais, while ether and solana futures are denominated in U.S. dollars. The options settle into the underlying futures contracts, not the tokens themselves. B3 said the products do not involve custody, transfer or administration of spot cryptoassets. The contracts trade independently from 9 a.m. to 6:30 p.m. local time, according to B3’s derivatives trading schedule. Exercise is automatic at expiration when the option finishes in the money, unless the holder blocks exercise. The offering gives traders and asset managers a local venue to hedge crypto exposur