theer613

@theer613

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Great hike in the forest today. The air, the smell of pine and earth, the sound of birds – everything felt so good. Deeply grateful for moments like this. 🌿

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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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On Feb. 21, the SEC dropped its investigation into OpenSea — one of the leading non-fungible token (NFT) marketplaces after probing the platform to determine whether NFT sales constituted securities offerings.

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Uniswap Labs, the developer behind the Uniswap decentralized exchange, reported that the US Securities and Exchange Commission (SEC) has dropped its probe into the firm.

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The flush was triggered in part by the threat of trade wars between the US, Canada and Mexico, which led to a large market sell-off and at least $2.4 billion liquidated in 24 hours.

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https://warpcast.com/masonthan812/0x651a4458

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Davis, founder of the controversial Libra (LIBRA) memecoin project, claimed that complaints about memecoin trading stem from investors frustrated over not being part of insider deals.

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Today in crypto, Libra token founder Hayden Davis claimed memecoin critics are just upset they missed insider deals, defending the controversial practice in a Coffeezilla interview, 12 US states reported holding shares in Michael Saylor’s Strategy, and a Trump administration adviser said the president is meeting regularly with US Federal Reserve Chair Jerome Powell.

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Bitcoin traded at $108,342 at the time of writing and is up around 3% over the past 24 hours, according to data from CoinGecko.

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According to data from TradingView, BTC hi According to data from TradingView, BTC hit a new high of $109,036 at 6:55 am UTC before dropping below $108,000 in minutes. t a new high of $109,036 at 6:55 am UTC before dropping below $108,000 in minutes.

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Fidelity Ethereum Fund (FETH) again notched second place, with $1.5 billion in net inflows.

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BlackRock’s iShares Bitcoin Trust (IBIT) netted more than three times the inflows of runner-up Fidelity Wise Origin Bitcoin Fund (FBTC), which attracted nearly $12 billion in net inflows this year, Farside said in a Dec. 31 post on the X platform.

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The funds raised will support the development of the protocol, with capital to be deployed on security and user acquisition. The protocol claims a total value locked of over $63 million as of Dec. 31, with plans to expand into crosschain operations and other DeFi services.

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Another trend to watch in 2025 is the growth of stablecoins tied to local currencies. In 2024, the Central Bank of the United Arab Emirates approved the launch of the dirham-backed stablecoin AE Coin, which it said will be the first stablecoin the central bank will regulate.

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MiCA’s framework might encourage local players to enter the market with euro-backed stablecoins, creating more competition and potentially shifting the market dynamics away from dollar-centric options.

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At present, there are concerns around Tether’s USDT stablecoin. It dominates the market but lacks the necessary licensing for MiCA compliance, and there are rumors that exchanges are preparing to delist USDT for European users. If Tether doesn’t secure a license, it risks losing significant market share in the region. Such a moment may open the door for regulated alternatives such as USDC, which has already obtained the necessary European approvals.

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This regulatory clarity will open the door for banks to offer custody services, which are vital for integrating crypto into traditional financial systems. Custody solutions enable banks to safely store digital assets on behalf of their clients, serving institutional investors and cautious retail users.

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The European Union’s Markets in Crypto-Assets (MiCA) regulation, set to be fully implemented by January 2025, will serve as a significant catalyst. MiCA requires stablecoin issuers to obtain licenses and provides a clear framework for financial institutions to enter the crypto market.

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