Recent headlines from the sources AlphaScala monitors. AlphaScala analysis is published in the main market section.
Exchange volumes fell to $4.41 trillion in May, the lowest since September. RWA perpetuals rose 10.4%. The data undercuts the banking lobby's stablecoin deposit-drain argument. The Clarity Act now heads to the Senate floor.
Greek regulators look set to reject Binance's MiCA application, Reuters reports. France could become a fallback as the July 1 EU deadline looms.
ECB's Cipollone says digital euro cost to banks is just 3.4% of IT budgets. Holding limits and reverse waterfall limit deposit flight. Pilot targeted 2027.
With one application pending in Greece and no other EU filings, Binance faces a July 1 MiCA cutoff that could force it to wind down European operations or find a new license route fast.
Senators Warren and four others demand testimony over $500M Abu Dhabi stake in Trump-linked crypto platform, citing Emoluments Clause.
Daya's pre-seed round, led by Hivemind Capital and Aptos Foundation, targets $400B+ Africa-Asia trade flows with stablecoin settlement, virtual accounts, and APIs.
Greece rejected Binance's MiCA license, citing structure and AML history. The exchange now seeks approval from another EU member before the June deadline. Euro volume is small, but 4 million+ users could lose access.
Adrian Boafo won Maryland's 5th District Democratic primary with $5.5M from crypto PAC Protect Progress. The Oracle lobbyist and state delegate now heads to a general election in a safely Democratic seat.
OpenPayd's MiCA approval covers stablecoin services across the EEA. The firm processes over $240B in annual volume. Other crypto firms face a scramble for compliance as the July 1 deadline hits.
OKX CEO Star Xu rejected CZ's $1B wager and questioned Binance's 1,500 compliance staff, arguing headcount means little without effective risk outcomes.
SBI's trust-backed yen stablecoin JPYSC bypasses Japan's one-million-yen cap on fund-transfer tokens, targeting corporate settlements and tokenized asset trades through SBI Shinsei Trust Bank.
DeFi TVL dropped $45B since January, hit by 121 hacks ($942M) and a 50% market cap fall. Only Tron and Hyperliquid grew. Aave lost $12B in deposits.
Payward leads $20M round for Onyx Odds. The sweepstakes-style platform operates in 30+ US states and plans to scale after an exclusive Polymarket partnership.
The Senate needs seven Democratic votes for CLARITY Act passage. July 17 hearing in New York tests whether the math can close before August recess. If not, expect sustained uncertainty on stablecoin rules and exchange jurisdiction.
SBI launched JPYSC, Japan's first trust-bank stablecoin with FSA approval. The yield-bearing model and no remittance caps may reshape the yen stablecoin market.
OpenPayd secured a MiCA license from Lithuania's central bank, clearing the EU's July 1 deadline for crypto-asset service providers operating across all 27 member states.
Binance founder CZ wants to fix the US crypto liquidity gap by tapping global exchange books. Regulatory scrutiny may block the plan. May exchange volumes fell to $4.41T.
Four law enforcement groups warn Section 604 of the Clarity Act could shield facilitators. The exemption for non-custodial developers sparks debate ahead of committee action.
Indonesia's OJK now requires crypto finfluencers to register and disclose fees. The rules, enforced after a grace period, could curb paid promotions for smaller tokens.
The GENIUS Act and NY DFS proposals give stablecoin issuers a clear federal framework. Circle (CRCL) and Coinbase benefit as market cap could hit $1.2T by 2028. Final rules due Q1 2027.
MoonPay buys Entendre's AI platform that automates stablecoin reconciliation and bookkeeping, cutting manual effort by half. The deal gives MoonPay a full-stack infrastructure for crypto finance.
JPYSC avoids Japan's 1M yen transaction caps by using a trust bank structure. The move pressures peers to adopt similar wrappers.
Short positions accounted for 61.8% of $588.8M in crypto liquidations as snapback rallies forced rapid cover. Bitcoin dominance rose to 58.49% as altcoins weakened.
Ledger's new proxy detection simulates transactions on Erigon nodes to spot delegatecall opcodes, showing the real logic contract before signing. The Bybit hack lost $1.4B to hidden logic swaps.
KuCoin Pay connects crypto and stablecoins with bKash, Nagad, SPEI, and MTN/Airtel mobile money in three emerging markets. No volume data yet, but the integration model is a template for further expansion.
Binance Chat now lets users report suspicious accounts and groups directly. The tool arrives as BNB rewards draw engagement and potential scammers to the platform.
Five senior Senate Democrats called for hearings on a $500M UAE investment in Trump's World Liberty Financial, citing arms sales, AI chip exports, and a CFIUS fast-track.
CoinGecko launched Gecko AI on April 22, letting premium subscribers query its dataset of over 17,400 coins using natural language. The tool draws on $2.2 trillion in tracked market cap.
Japan's first trust-based yen stablecoin JPYSC launched June 24. Issued by SBI Shinsei Trust Bank, it qualifies as an electronic payment for institutions.
Binance is pursuing other ways to get a MiCA license after its application in Greece was turned down, Reuters reported. The exchange remains committed to the EU market despite the setback.