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.
Stablecoin Regulation — News - Page 10
Stablecoins
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.
RegulationEBA: fines for token issuers up to 12.5% of revenue under MiCA
EBA published a MiCA penalty framework: up to 12.5% of annual revenue or 2x profits for significant token issuers. Released 5 days before the July 1 deadline.
RegulationEU Parliament Committee Backs DeFi, Staking and NFT Regulation Review
EU Parliament's ECON committee approved a non-binding report urging the Commission to assess DeFi, staking and NFT regulation. Parliament vote expected July 7.
RegulationHyperliquid Added to Singapore's MAS Investor Alert List
Singapore's MAS added Hyperliquid to its Investor Alert List for operating without a license. The UK FCA issued a similar warning three weeks earlier.
InstitutionalSBI Acquires Bitbank for $289M to Lead Japan's Crypto Market
SBI Holdings acquires Bitbank for $289M, gaining 100% control and 2.92M crypto accounts to become Japan's largest exchange by assets under custody.
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.
RegulationUS Senate Democrats Demand Hearings on Trump's WLF-UAE $500M Deal
Five Democratic senators demand hearings on a $500M Abu Dhabi investment in the Trump family's World Liberty Financial and its links to subsequent UAE deals.