Binance USDC holdings drop 22% to $4.6B as $1B in stablecoin liquidity exits

The post CryptoRank Research: How the CEX Listings Landscape Shifted in 2026  appeared on BitcoinEthereumNews.com. Centralized exchanges are moving away from speculative narratives and toward tokens with demonstrated utility. An analysis of over 10,000 listings across the 10 major exchanges, Binance, Bybit, OKX, Bitget, Gate, MEXC, KuCoin, HTX, Kraken, and Crypto.com, shows blockchain infrastructure, DeFi, and tokenized real-world assets displacing meme and GameFi tokens at the top of exchange listing activity in the first half of 2026. The shift marks a break from the two prior cycles, in which listing pipelines were dominated by crypto-native, hype-driven categories. In Q2 2026, exchanges shifted listings toward blockchain infrastructure (64 listings) and DeFi (46 listings)  tokens over speculative assets, reflecting a broader move toward projects with demonstrated utility. Tokenized assets, covering equities, commodities, and real-world assets, ranked third with 42 listings as excha

The post Stablecoin Cross-Border Remittance Enables Hyundai Card’s Efficient PoC appeared on BitcoinEthereumNews.com. Hyundai Card has pulled off something that most corporate finance teams have only theorized about: a real, live stablecoin cross-border remittance between two overseas subsidiaries of one of South Korea’s biggest conglomerates — and it took just seven minutes. Key takeaways Hyundai Card and Hyundai Motor completed a stablecoin cross-border remittance proof of concept that goes beyond technical testing, reaching operational readiness for real-world deployment. The first PoC converted USD 20,000 from Hyundai Motor America into USDT, transferred it to Hyundai Motor Mexico, and converted it back to dollars — the entire process averaging seven minutes. Participants included Hyundai Card, Hyundai Motor America, Hyundai Motor Mexico, Tether, Avalanche, and Axiym. A second PoC targeting Hyundai Motor’s European entities will bring in Circle and Visa, testing local currencies be

Revolut said USDT support remains unchanged outside EEA and Switzerland as it winds down the stablecoin offering in selected European markets.

The post Ethereum Indecision Deepens: Some Holders Panic Sell, While Others Buy the Dip appeared on BitcoinEthereumNews.com. Ethereum (ETH) traders have splintered into two camps as the price slide deepens. Roughly 100,000 addresses deposited to Binance during a panic move, while withdrawals climbed at the same time. The divided response now stretches beyond on-chain flows. On Polymarket, bettors price both a recovery and a deeper decline as likely outcomes, showing how sharply the market disagrees on Ethereum’s next move. Binance Deposits Spike as ETH Tests Panic Lows Ethereum trades near $1,730, down about 1.57% over the past day yet up roughly 7% across the week, according to BeInCrypto Markets.  Follow us on X to get the latest news as it happens Ethereum (ETH) Price Performance. Source: BeInCrypto Markets The latest drop coincided with escalating US-Iran tensions. The conflict has been a key factor impacting risk assets since March. Analyst Darkfost flagged that the crypto market

The post Kazakhstan’s new crypto adoption push: Stablecoin rules, tax exemptions explained! appeared on BitcoinEthereumNews.com. Kazakhstan is betting big on crypto and has laid the groundwork to develop the sector into a regulated market. On the 7th of July, Kazakhstan President Kassym-Jomart Tokayev signed a decree for the same.  The document was prepared by the Ministry of Artificial Intelligence and Digital Development, the National Bank (central bank), other government agencies, and the Astana International Financial Center.  According to the ministry’s statement, the signed document aims to create a ‘modern regulated’ crypto market to boost investment and adoption.  It lays the foundation for the systematic development of a regulated digital assets market, broader adoption of innovative financial technologies, and increased investment attractiveness of the sector. Will mining and tax relief fuel crypto adoption in Kazakhstan? The move came following President Tokayev’s intensifie

The post Sony Bank Stablecoin Approval Marks Key Regulatory Milestone appeared on BitcoinEthereumNews.com. Sony Bank’s conditional OCC approval to establish a US dollar-backed stablecoin trust bank marks one of the more consequential moves a major Japanese financial institution has made into American digital asset infrastructure. On July 6, Sony Bank confirmed it had received conditional approval from the U.S. Office of the Comptroller of the Currency to charter a wholly owned national trust bank called Connectia Trust, with the explicit goal of issuing a stablecoin pegged 1:1 to the U.S. dollar. Key takeaways Sony Bank received conditional OCC approval on July 6 to establish Connectia Trust, a national trust bank subsidiary in the U.S. Connectia Trust plans to issue a US dollar-backed stablecoin for payments across Sony’s digital ecosystem, including video games, anime, and subscriptions. Sony Bank will capitalize Connectia Trust with $40 million; operations are targeted to begin in 2

Hyperliquid's no-KYC model raises regulatory risks, potentially impacting its future operations and investor confidence in decentralized finance. The post CZ discusses Hyperliquid’s no-KYC model, reflects on Binance’s past appeared first on Crypto Briefing.

The post AscendEX Shuts Down as User Balance Payouts Remain Uncertain appeared on BitcoinEthereumNews.com. AscendEX shut down after MiCA pressure, weak liquidity, and failed funding left operations unsustainable. Users face delayed manual withdrawals, with the exchange unable to guarantee full balance recovery. ZachXBT had flagged nearly empty hot wallets before the shutdown, including ETH, USDT, USDC, and SOL. The closure revives custody concerns after AscendEX’s 2021 breach, which caused about $78M in losses. AscendEX has shut down after regulatory, financial, and operational pressures pushed the crypto exchange into a controlled offboarding process. The platform ceased operations on July 1, then published a notice on July 6 explaining the decision. JUST IN: ASCENDEX SHUTS DOWN AND USERS MAY NOT GET FULL BALANCES BACK Crypto exchange AscendEX has ceased operations on July 1, citing MiCA, regulatory, financial and operational pressure. The company’s statement indicated that current li