Binance CEO Richard Teng says 70% of EU withdrawals went to self-hosted wallets, not regulated platforms

The post Binance CEO Says MiCA Is Backfiring as EU Users Move Beyond Regulators’ Reach appeared on BitcoinEthereumNews.com. Binance co-CEO Richard Teng says the EU’s Markets in Crypto-Assets (MiCA) rules are backfiring, with most departing users moving funds into self-custody rather than to licensed rivals. Speaking at the Reuters NEXT Asia summit in Singapore, Teng said 70% of funds withdrawn by affected EU users went to self-hosted wallets. Only 30% moved to platforms licensed under the new regime. Binance Withdrew its MiCA Bid Before the July Deadline Binance stopped serving new EU customers on July 1 after pulling its MiCA license application in Greece in late June. Teng said the approval was repeatedly delayed without explanation, so the company withdrew to avoid a rushed transition for users. The exit forced existing customers to decide where to move their balances, and it coincided with its heaviest weekly outflows in more than three years. Binance’s own data on those flows now

The post XRP Futures Open Interest on Binance Falls to Three-Month Low at 397M appeared on BitcoinEthereumNews.com. XRP News XRP futures open interest on Binance has fallen to roughly 397 million XRP, its lowest reading in more than three months, as the token changes hands near $1.09. Derivatives open-interest data shows the contraction reflects deleveraging, with traders trimming or closing leveraged positions rather than adding fresh exposure. Falling open interest alongside soft prices typically signals a cooling appetite for leveraged bets on the altcoin. Analysts frame the move as a slowdown in derivatives activity rather than an outright bearish verdict, describing the phase as repositioning while participants wait for a clearer directional signal across the XRP market. While the derivatives picture cools, spot metrics tell a contrasting story. On-chain data shows the XRP Binance scarcity index has climbed to 0.77, its highest level in more than two years. The gauge measures how

The post Binance Ethereum Bets Vanish While OKX Traders Pile Back In appeared on BitcoinEthereumNews.com. Ethereum open interest cooled hard on Binance in July 2026 as OKX spot volume jumped to its strongest level in months. Something in Ethereum’s order books on Binance thinned out hard on July 6, and it took most of the market a full day to notice. The exchange’s derivatives desk had just logged one of its quietest positioning readings in nearly two years. Nobody framed it as a crash, because it wasn’t one in the usual sense. It just showed up buried inside a 30-day rolling gauge, the kind of chart traders glance at and scroll past without much thought. Leverage had been building for months on the exchange. Something eventually had to give. A Number Nobody Rang a Bell For Binance’s Ethereum 30-day open interest change fell to negative 594,000 ETH on July 6, according to a CryptoQuant quicktake credited to on-chain analyst Amr Taha. That reading marked the steepest contraction on the

The post CZ Compares Binance KYC With Hyperliquid Model appeared on BitcoinEthereumNews.com. CZ says Binance’s weak KYC led to prison while Hyperliquid runs no-KYC smart contracts under a different trading model. Binance founder Changpeng Zhao, known as CZ, discussed Hyperliquid in a June 29 interview with The Block.  He praised its market design but noted clear differences from centralized exchanges. CZ said Hyperliquid uses smart contracts without standard identity checks for users. He compared that model with Binance’s past compliance problems. He said he went to prison over Binance’s weak KYC controls. Meanwhile, he noted that Hyperliquid operates without KYC. His comments have renewed debate around exchange rules, user freedom, and decentralized trading. The discussion also places Hyperliquid’s control structure under market attention. CZ Compares Binance and Hyperliquid CZ said Hyperliquid has introduced useful ideas for on-chain trading. However, he said its model differs from B

Ethereum open interest cooled hard on Binance in July 2026 as OKX spot volume jumped to its strongest level in months. Something in Ethereum’s order books on Binance thinned out hard on July 6, and it took most of the market a full day to notice. The exchange’s derivatives desk had just logged one of […] The post Binance Ethereum Bets Vanish While OKX Traders Pile Back In appeared first on Live Bitcoin News.

Lagarde's call for a European safe asset could enhance EU financial stability, reduce reliance on US Treasuries, and boost euro's global role. The post ECB’s Lagarde calls for a European safe asset to rival US Treasuries appeared first on Crypto Briefing.

The post Privy Launches Global Fiat Onramps With Stripe in US, EU appeared on BitcoinEthereumNews.com. Privy pairs Stripe’s Crypto Onramp for the US and EU with its own aggregator covering more than 100 other countries, all funneling into a single wallet. Privy, the crypto wallet infrastructure provider Stripe acquired in 2025, launched global fiat onramps that let developers add card-based crypto purchases to their apps in a single integration, the company said in a post on its official X account Tuesday. In the US and EU, Stripe’s own Crypto Onramp product handles payment processing, card, Apple Pay, Google Pay and ACH transactions, identity verification and compliance, according to Privy’s announcement. Outside those two regions, Privy’s own aggregator routes users through “the best available provider” across more than 100 additional countries, with funds landing in the same destination wallet regardless of which rail processed the purchase. Stripe corroborated the integration on it

Privy pairs Stripe's Crypto Onramp for the US and EU with its own aggregator covering more than 100 other countries, all funneling into a single wallet.