RegulationTaiwan Passes Virtual Asset Service Act: Crypto Licensing and Penalties
Taiwan passed its first crypto law: VASP licensing by FSC, 100% stablecoin reserves, fines up to NT$100M, and jail terms up to 7 years.
Custody — News - Page 7
Regulation
StablecoinsMetaMask Money Account: mUSD with 4% APY and Card Spending
MetaMask launched Money Account on Monad: up to 4% APY on mUSD stablecoin and card spending. Available globally, except EU and UK.
StablecoinsBNY Mellon Adds USDC Minting and Redemption to Custody Platform
BNY Mellon expanded Digital Asset Custody to support USDC minting and redemption. The bank manages $59.3 trillion in assets under custody.
UkraineUkraine Puts $8.3M in Seized USDT Under State Management in a First
For the first time, Ukraine transferred seized crypto to state management: $8.3M in USDT from an international hacking ring now sits in an ARMA wallet.
Ethereum37,806 ETH Exit Dormancy: All ETH Whale Cohorts Underwater for First Time Since 2019
Four Ethereum wallets dormant since 2017 sold 33,623 ETH for $52.5M. First time since 2019, all major ETH whale cohorts sit on negative unrealized profit.
SecurityAscendEX: ZachXBT Questions Reserves as Withdrawal Delays Emerge
Crypto investigator ZachXBT flagged concerns over AscendEX reserve composition. Several users reported withdrawal delays from the exchange on June 26.
RegulationBinance Withdraws MiCA Application in Greece
Binance pulled its MiCA application in Greece 7 days before the July 1 deadline. The exchange seeks a new EU jurisdiction; some users may face restrictions.
InstitutionalStrategy Buys 1,587 BTC for $100M: Holdings Reach 846K Coins
Michael Saylor's Strategy acquired 1,587 Bitcoin for $100M between June 8-14. Total holdings reached 846,842 BTC worth $64.07 billion.
InstitutionalMetaplanet Acquires Siiibo Securities for $13M to Launch Bitcoin Yield Products
Metaplanet agreed to buy Japanese broker Siiibo Securities for $13M to launch Bitcoin-linked yield products for retail investors tapping $7.4T in savings.