๐ต Circle earns license to issue #USDC and #EURC under Europe's MiCA regulatory framework
Circle has become licensed and approved to issue stablecoins under the Markets in Crypto Assets (MiCA). Circle is the first global stablecoin issuer to become compliant with MiCA effective July 1, CEO Jeremy Allaire said in a Paris-based press conference. Circle will be able to issue its stablecoins USDC and EURC under the regulatory framework.
๐ฝJune turned out to be the least active month of 2024 for crypto traders. The total trading volume on centralized exchanges amounted to $1.11 trillion.
Overall, this is not bad news. Experts believe that investor fear due to the recent market crash, which occurred with Bitcoin prices above $60,000, hints at an early stage of this bull run.
โ๏ธ Therefore, the global growth of the industry may be far from its peak in the current cycle.
The inflows Are Potential Increasing From June 25 After Huge Serial Outflows. The Collective Net Flow Shows Up Around $137M Till Recent Friday. The Total Assets Under Management Sits At $51.5B.
This Data Simply Helps To Know How Much The Institutional Investors Are Interested And Investing Into The Bitcoin.
๐บ๐ธ SEC looks to end Ethereum staking through MetaMask in new lawsuit
The SEC has filed a new lawsuit against Consensys for alleged violations of federal securities laws. The complaint centers on Consensysโs MetaMask wallet services, specifically the Swaps and Staking features, which the SEC claims have been operating as unregistered broker services since October 2020 and January 2023, respectively. The SEC asserts that Consensys has collected over $250 million in fees from these activities without providing necessary investor protections.