English

NewsBriefs - Circle becomes first stablecoin issuer to earn license under EU's new MiCA regulation

Editor-curated news, summarized by AI

  • Coindesk

    Circle becomes first stablecoin issuer to earn license under EU's new MiCA regulation

    Circle has secured the first global stablecoin issuer license under the new EU Markets in Crypto-Assets (MiCA) rules, allowing it to issue both EURC and USDC in the EU. Circle Mint France, a subsidiary granted an Electronic Money Institution (EMI) license by French authorities, will facilitate the issuance. This move follows regulatory shifts that have led to the delisting of certain other euro-denominated stablecoins like Tether’s EURT.

    Coindesk

    • Latest

    • PhoenixNews

      Canary Capital registers staked Injective INJ ETF in Delaware

      Canary has registered a staked INJ exchange-traded fund (ETF) in Delaware, marking a significant expansion in its crypto offerings.

      Expand
      PhoenixNews

    • GOV.UK

      UK names first dedicated crypto specialist to help recover online assets like Bitcoin

      The Insolvency Service has appointed its first dedicated crypto intelligence specialist, Andrew Small, to enhance the tracing and recovery of crypto in bankruptcy and criminal cases in the UK. This initiative is in response to a substantial increase in insolvency cases involving crypto assets, growing by 420% over the past five years. Small will provide deep insight into the crypto market, helping the agency recover more funds owed to creditors. In the last year, over £500,000 in crypto assets were identified in insolvency proceedings, significantly higher than the figures from five years ago.

      Expand
      GOV.UK

    • Chainlink

      Chainlink powers cross-border CBDC and stablecoin exchange in Hong Kong pilot

      Chainlink is driving the secure exchange between a Hong Kong CBDC and an Australian dollar stablecoin in Phase 2 of the e-HKD+ Pilot Program. This initiative, involving prominent participants like Visa, ANZ, China AMC, and Fidelity International, aims to transform cross-border payments.

      Expand
      Chainlink

    • Michael Mo | KULR CEO

      KULR buys 118 Bitcoin, boosting holdings to 920 BTC

      KULR recently purchased 118.6 Bitcoin for approximately $13 million, priced around $107,861 each, increasing their total holdings to 920 Bitcoin. The assets were acquired at an average price of about $98,760 per Bitcoin, achieving a Bitcoin yield of 260% year-to-date.

      Expand
      Michael Mo | KULR CEO

    • Strategy

      Strategy acquires 1,045 Bitcoin for $110 million, achieves 17% yield

      Strategy has purchased 1,045 Bitcoin for approximately $110.2 million, with an average purchase price of about $105,426 per Bitcoin. The company has achieved a Bitcoin yield of 17.1% year-to-date as of June 8, 2025. Their total holdings now amount to 582,000 Bitcoin, acquired at an overall investment of around $40.79 billion.

      Expand
      Strategy

    • The Block

      BiT Global ends legal dispute with Coinbase over wBTC delisting

      BiT Global has agreed to dismiss its lawsuit against Coinbase, which was based on allegations of anti-competitive behavior following Coinbase's delisting of wBTC after launching a competing token, cbBTC. The agreement to end the legal challenge includes each party bearing their own legal costs, and the case cannot be reopened. Wrapped Bitcoin tokens like wBTC and cbBTC are used on blockchain networks such as Ethereum, but they require users to trust a centralized custodian.

      Expand
      The Block

    • Cetus

      Cetus protocol set for June 8 relaunch following recovery from hack and security overhaul

      Cetus announced a comprehensive recovery plan following a hack targeting its CLMM pools, leading to significant token losses. The protocol will relaunch on June 8, 2025, at 3:00 UTC, with enhanced security measures and assets restored using funds from the Cetus treasury, a Sui Foundation loan, and recovered assets from the attacker. Furthermore, compensation for liquidity losses will be offered through CETUS tokens, with a commitment to prevent inflation by adjusting the vesting schedule. The relaunch aims to reestablish functionality and confidence in the protocol.

      Expand
      Cetus

    • The Block

      Alex Lab to fully reimburse users after $8.3 million crypto exploit, token value drops by 45%

      Bitcoin DeFi protocol Alex Lab experienced a major $8.3 million exploit due to a flaw in the protocol's programming logic. This has led to the loss of various cryptocurrencies from liquidity pools. Alex Lab, based on the Stacks network, has promised to reimburse affected users fully using treasury funds. The protocol's native token $ALEX fell by 45% following the exploit. This is the second major security breach Alex Lab has faced, the first being a $4.3 million theft in May 2024, attributed to a phishing attack.

      Expand
      The Block

    • The Block

      Pump.fun plans revenue share with PUMP token holders

      Pump.fun, aiming to secure $1 billion through an ICO, is considering allocating protocol revenue to holders of its upcoming PUMP token. Details are still under discussion, including whether revenue from their decentralized exchange PumpSwap will be included. Despite declining revenues, with daily figures dropping from a peak of $7 million to about $1 million, the platform has accumulated $677 million since its launch. Pump.fun also revealed plans for a token launch aiming for a $4 billion valuation, with both private and public investors expected to participate, and total token supply capped at 1 trillion.

      Expand
      The Block

    • Business Wire

      Gemini files draft registration for IPO amid growing public interest in crypto

      Gemini, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has confidentially submitted a draft registration for an initial public offering (IPO) with the US Securities and Exchange Commission for its Class A common stock. The number of shares and price range are not yet determined, with the IPO expected after the SEC completes the review process, depending on market conditions. This filing aligns with recent trends as other crypto firms like Circle and Kraken also move towards public listings, supported by a regulatory environment that has grown more crypto-friendly under the current US presidency.

      Expand
      Business Wire

    • Strategy

      Strategy prices initial STRD Stock offering at $85 per share, increases deal size to $1B

      Strategy has priced its initial public offering of 11,764,700 shares of its 10.00% Series A Perpetual Stride Preferred Stock at $85 each, with the issuance set for June 10, 2025. The deal, upsized from $250 million to $1 billion, anticipates about $979.7 million in net proceeds, to be used for general corporate purposes, including bitcoin acquisitions and working capital. The non-cumulative dividends from the STRD Stock, if declared, will be payable quarterly.

      Expand
      Strategy

    • CoinDesk

      Gemini confidentially files for IPO following Circle’s NYSE surge

      Gemini, a crypto exchange founded by the Winklevoss twins, has confidentially submitted a draft registration statement to the US Securities and Exchange Commission for an initial public offering of its Class A common stock. The firm aims to become publicly traded, joining the increasing list of crypto companies entering traditional capital markets. Gemini's IPO plans follow settlements of legal actions and involve major financial advisors, positioning it at a significant juncture in the crypto industry's push for mainstream financial acceptance.

      Expand
      CoinDesk

    • The Block

      CoinFlip explores potential $1 billion sale as it seeks buyers

      Bitcoin ATM operator CoinFlip is exploring the possibility of a $1 billion sale and has engaged a financial advisor to assist in this preliminary stage. The firm seeks to capitalize on the ongoing rise in crypto mergers and acquisitions but there is no certainty on achieving the desired sale amount or the completion of the sale itself. CoinFlip is currently ranked as the second-largest cryptocurrency ATM operator globally.

      Expand
      The Block

    • The Block

      US government seizes crypto and domains from darknet marketplace BidenCash

      The US government has seized cryptocurrency funds and 145 domains from the darknet marketplace BidenCash, as announced by the US Attorney's Office for the Eastern District of Virginia. Authorities allege that BidenCash generated over $17 million in illicit revenue by facilitating the sale of over 15 million stolen payment card numbers and personal information. The seized domains are now redirected to a law enforcement-controlled server, rendering them inoperable for further criminal activity.

      Expand
      The Block

    • The Block

      Circle's IPO raises $1.1 billion, surpassing initial targets

      Circle, the issuer of the stablecoin USDC, successfully raised approximately $1.1 billion in an upsized initial public offering (IPO), selling 34 million shares at around $31 each. This amount exceeded the initial sale target and gives Circle a market valuation of $6.9 billion with a fully diluted value of $8.1 billion. Stablecoin adoption continues to expand, highlighted by the legislative focus in the US with the GENIUS Act aiming to regulate the stablecoin industry.

      Expand
      The Block