The European Central Bank is seeking changes to the European Union's Markets in Crypto Assets legislation (MiCA) just months after the regulation took effect because it's concerned U.S. support for crypto could lead to economic damage in the 27-nation bloc, Politico reported Tuesday. The bank is demanding a rewrite of MiCA, whose stablecoin provisions came into force last June and which took full effect at the end of last year, a position that brings it into conflict with the European Commission, Politico reported, citing a policy paper. Neither the ECB...

Paul Atkins has taken the oath to formally become chairman of the U.S. Securities and Exchange Commission, which returns Mark Uyeda to his previous role as a Republican Commissioner after three busy months of service as the agency's stand-in chief. Atkins permanently replaces the former chair, Gary Gensler, who the crypto industry had widely seen as its chief antagonist in the U.S. government. But Uyeda and fellow Commissioner Hester Peirce have already put the SEC on a path toward greater acceptance of digital assets, forming a crypto task force, shedding...

As the crypto space consolidates, MoonPay is quietly becoming the infrastructure layer for the next wave of Web3. With over 30 million verified users across 160 countries and a fully licensed global stack, the company is enabling everything from fiat onramps to embedded DeFi experiences. Originally launched to make wallet top-ups seamless via Apple Pay and debit cards, MoonPay now powers API-first solutions used by nearly every major DeFi app. “We started with a simple question, how do you top up your wallet?” MoonPay's CEO and co-founder Ivan Soto-Wright told...

Bitcoin (BTC) surged to $90,000 for the first time since March 7, adding more than 5% in the past five days as the paths of the largest cryptocurrency and traditional equities diverge. In comparison, the S&P 500 was trading above 5,700 points on March 7 and has since slipped below 5,200. Despite the recent bounce, bitcoin remains down more than 5% year to date. It has, however, recovered significantly from its April 8 low, when it was down nearly 20% on the year. Disclaimer: This article, or parts of it,...

Aave users can start supplying and borrowing Ripple’s RLUSD stablecoin on the decentralized lending platform's V3 Ethereum Core market, Aave said in a Monday post on X. The peer-to-peer loans market has a supply cap of 50 million RLUSD and a borrow cap of 5 million RLUSD. RLUSD is a stablecoin pegged 1:1 to the U.S. dollar offered on the XRP Ledger and Ethereum blockchain. It is fully backed by U.S. dollar deposits, short-term U.S. Treasuries, and cash equivalents with each token matched by equivalent fiat value. Security features make...

Bithumb plans to split its core crypto exchange business from other activities as it reorganizes in preparation for an initial public offering (IPO). The Seoul-based company will split in two, with Bithumb Korea focusing solely on operating the core crypto exchange business. Bithumb Korea will be the entity seeking a public listing, local media reported, citing the country’s corporate registry. The other unit, a newly created company called Bithumb A, will oversee venture investments, asset management and new business initiatives. The restructuring is set to take effect on July 31....

Mantra, the real-world asset tokenization platform whose OM token crashed earlier this month, is pushing to burn as much as 16.5% of its total supply valued about $160 million to boost staking rewards after talks with key partners. The proposal to burn as many as 300 million of its 1.8 billion tokens will drop the bonded ratio from 31.47% to 25.30%. It includes a confirmed tranche of 150 million OM, or about $80 million, belonging to founder John Patrick Mullin and an additional set of tokens owned by “ecosystem partners.”...

WazirX, the crypto exchange hit hard by a $234.9 million hack last year, says it’s gearing up to restart operations and begin creditor payments after a key Singapore court hearing on May 13. The exchange’s Singapore-based parent company, Zettai, has wrapped up all prep work for the hearing, where the court will decide on approving WazirX’s restructuring and user compensation plan. “While we’ve worked to stay aligned with the previously shared timelines, court proceedings operate independently, and we respect that process. After the Scheme is sanctioned, the First Distribution and...

In a surprising development, options linked to bitcoin (BTC) and the euro-dollar (EUR/USD) exchange rate are indicating strength against the U.S. dollar despite a downturn in the U.S. stock market. This trend suggests the "sell America" trade is gathering pace. Currently, bitcoin's short- and near-dated risk reversals – which measure the demand for call options relative to put options – were slightly positive, indicating a bullish bias. The data, drawn from sources like Deribit and Amberdata, signals a recovery from the previous trend where there was a consistent preference for...