Competition is heating up as more exchanges set up operations in Europe, where MiCA provides new “rules of the road.” Crypto exchanges are setting up shop in Europe and securing licenses with EU officials, bringing more competition to the regulated European market. So far this year, OKX, Coinbase, Bybit and Crypto.com have all secured licenses under the EU’s Markets in Crypto-Assets (MiCA) regulation. While it imposes strict requirements on various services in the crypto industry, it now means that crypto exchanges in the European Economic Area (EEA) will all be playing by the same rules. Observers anticipate that this will see Europe pull ahead of other jurisdictions like the United States, which is still in the process of developing a rudimentary framework for stablecoins. Indeed, European regulators are already discussing a second regulatory package, “MiCA 2.0,” that would fill gaps not addressed in its first iteration. Read more
Paxos launched the Global Dollar stablecoin in the EU, claiming MiCA compliance and support from Kraken, Robinhood and Mastercard under the GDN initiative. The Global Dollar (USDG) stablecoin has launched in the European Union, with issuer Paxos claiming compliance with the region’s Markets in Crypto-Assets Regulation (MiCA), as well as oversight from the Finnish Financial Supervisory Authority and Singapore’s central bank. According to a Tuesday announcement, the Paxos-issued USDG is now available in the EU through partners including major crypto exchanges Kraken and Gate. Other platforms that offer the stablecoin include Coinmetro, SwissBorg, Zodia Custody, Orbital, Hercle, CoinsPaid, Bitwyrem, Bitnet and HiFi. Paxos issues USDG in Europe through Paxos Issuance Europe OY, a Finland-based entity overseen by the country’s Financial Supervisory Authority. The stablecoin is structured to align with MiCA regulations, with a portion of its cash reserves held in European banks. Paxos said it guarantees one-to-one ...
Smarter Web boosted its Bitcoin treasury with an additional $24.7 million BTC purchase as part of its 10-year strategy. United Kingdom-based web design and marketing firm The Smarter Web Company expanded its Bitcoin treasury, purchasing an additional 230.05 BTC for 17.97 million British pounds ($24.7 million) at an average price of $107,126 per coin. The London-listed firm now holds 773.58 BTC acquired at an average price of $107,015, bringing its total Bitcoin (BTC) investment to over $82.6 million, according to a filing on Tuesday. The purchase is part of Smarter Web’s “10 Year Plan,” a strategy launched in April to drive transparent growth through a Digital Assets Treasury Policy that focuses on Bitcoin accumulation to support “longer-term business value.” Read more
Deutsche Bank reportedly plans to launch a crypto custody service in 2026 with Bitpanda and Taurus, expanding its digital asset initiatives in Europe. Germany’s biggest bank, Deutsche Bank, is reportedly planning to allow its clients to store cryptocurrencies like Bitcoin next year. Deutsche Bank plans to launch a digital assets custody service in 2026 in collaboration with the technology unit of Austria-based Bitpanda crypto exchange, Bloomberg reported on Tuesday. The crypto custody service’s development will also involve Deutsche Bank-backed Swiss technology provider Taurus, according to Bloomberg, citing sources familiar with the matter. Read more
Bitcoin has never lost more than 10% by the July monthly candle close, while stocks have enjoyed straight gains since 2015; will history repeat? Key points: Bitcoin is tipped to gain as the S&P 500 starts a month that has been green for the past decade. Maximum July losses for BTC/USD are currently under 10%. Read more