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cookchiang

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The exchange is encouraging EEA users to convert non-MiCA-compliant stablecoins into alternatives such as USDC, EURI, or fiat currencies like the euro. However, Binance will continue to support custody for affected stablecoins.
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Still, affected users will still be able to sell their non-MiCA-compliant stablecoins using Binance Convert, the company said.
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Cryptocurrency exchange Binance will delist several stablecoins in the European Economic Area (EEA) to comply with the Markets in Crypto-Assets Regulation (MiCA).
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It’s the latest crypto-related enforcement action the SEC has paused under the Trump administration as the regulator has also moved to stay or dismiss its cases against crypto exchanges Binance and Coinbase, among others.
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Upbit said it would provide further information if it reaches an agreement with authorities regarding potential changes to the sanctions.
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While the premise of memecoins may have been no more than gambling, they were at least organically launched, and any retail participant could invest with the expectation that the “casino was fair,” said Carter.
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In the near term, Bitcoin will remain pressured by ongoing trade tensions between the US and China, according to Vugar Usi Zade, chief operating officer at Bitget.
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Bitcoin has lacked upside momentum, trading under the $100,000 psychological mark for over nine days since Feb. 7, Cointelegraph Markets Pro data shows.
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Up to 20% of Gen Z and Alpha are open to receiving pensions in cryptocurrency, according to a Jan. 16 Bitget Research report shared with Cointelegraph.
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Beyond just financial institutions, cryptocurrencies are also gaining traction among retirement funds, showcasing a shift in perception among younger generations.
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The University of Austin will aim for a minimum five-year Bitcoin holding strategy, according to Chad Thevenot, senior vice president for advancement at the University of Austin, who said:
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Lummis, a vocal Bitcoin advocate who introduced the Bitcoin Strategic Reserve bill to the US Senate in July 2024, praised Wyoming representative Jacob Wasserburger for introducing the legislation to “allow permanent funds to diversify into Bitcoin.”
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Wyoming, in the United States, has introduced a bill to create a Strategic Bitcoin Reserve, joining several other states nationwide ahead of Donald Trump’s presidential inauguration on Jan. 20.
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There are several court cases between the SEC and Commodity Futures Trading Commission (CFTC) against crypto firms that are expected to move forward in 2025.
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Nevertheless, the US election results have overwhelmingly provided Bitcoin with unprecedented and extremely bullish conditions considering the backing of a US President who seems to be following through with his pro-crypto promises, among them to never sell Bitcoin from the US Bitcoin stockpile.
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For Chris Burniske, partner at venture capital firm Placeholder and former blockchain products lead at ARK Invest, the Bitcoin supercycle is a myth.
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The planned legislation also coincides with a rise in decentralized finance (DeFi) in Eastern Europe, which received over $499 billion worth of crypto between July 2023 and June 2024, according to Chainalysis.
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During the ongoing war between Ukraine and Russia, legalizing cryptocurrencies could offer Ukrainians a regulated means to access financial support, protect their assets from inflation, and facilitate cross-border transactions without relying on traditional banking systems, which may face disruptions during wartime. Cryptocurrencies have already been used for humanitarian aid, donations and financial stability during crises.
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Declining Bitcoin dominance suggests that investor are taking profit from their BTC positions and investing part of these funds into altcoins.
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In crypto slang, altseason, short for altcoin season, refers to the collective rally of cryptocurrencies besides BTC, which tend to benefit from Bitcoin’s declining dominance.
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