Paolo Ardoino, CEO of Tether, voiced apprehensions about Europe’s MiCA regulation (Markets in Crypto Assets), which he believes could pose substantial risks to stablecoin issuers.
Tether Holdings Ltd continues to roll out ambitious plans to broaden its influence. As a major player in the crypto market and the leading stablecoin issuer, the company is now shifting its focus towards traditional financial markets.
The decentralized exchange dYdX is set to list perpetual futures on prediction markets. This new offering will allow users to place leveraged bets on event outcomes. This move is expected to attract investors who currently rely on centralized platforms.
On July 1, at a press conference in Paris, Circle announced that its stablecoins, USDC and EURC, now adhere fully to the European Union’s Markets in Crypto-Assets (MiCA) regulations.
ESMA, the European Securities and Markets Authority, recommends that crypto companies perform regular cybersecurity audits. The regulator is urging EU lawmakers in Brussels to modify the regulatory documents for the sector to secure consumer funds more effectively.
Arthur Hayes, co-founder and former CEO of crypto exchange BitMEX, discussed a possible financial avalanche in his new article “Persistent Weak Layers.”
After the recent U.S. presidential debate, prediction markets revealed a tie between Vice President Kamala Harris and Donald Trump. The official data on how voters reacted to the debate will be available in the coming days.
On August 5, the markets were shaken as BTC dropped below $50,000, and ETH nearly hit $2,100. Throughout the day, over $1 billion in trading positions were liquidated, according to CoinGlass.
July 23 marked the debut of spot Ethereum ETFs in the U.S. trading markets. According to data from a Bloomberg terminal screenshot shared by analyst James Seyffart, the total net inflows amounted to approximately $106.8 million, with the overall trading volume surpassing $1.11 billion.