Crypto Newsletter

On July 1, 2026, the MiCA transition period in the EU ended – Binance withdrew from the market, while only MiCA-authorized exchanges like Coinbase and Kraken remain. This marks the first true enforcement of European crypto regulation and forces millions of EU users to migrate or self-custody.

Following MiCA compliance rules, platforms like Revolut must delist USDT; only MiCA-authorized stablecoins are permitted to trade in regulated markets. This fragments the global stablecoin landscape and favors USDC as the only non-USD stablecoin.

Bitcoin fell below $61,000 USD, Ethereum below $1,700 USD; institutional ETF outflows of $8 billion were recorded, while Big Tech and AI selloffs pressure the market. Bullish signals point to possible bottom formation, but momentum remains weak.

Ethereum recorded its strongest quarter through scaling upgrades and Layer-2 growth; Arbitrum and Base lead in TVL; Bitcoin L2 projects show 40% higher user retention than meme coins. DeFi revenues recover despite price pressure through staking yields.

GENIUS Act requires stablecoin issuers to maintain 1:1 reserves and US Treasury backing; CLARITY Act regulates SEC-CFTC market structure and is expected as the next legislative step. This creates legal certainty for US institutions but further fragments from EU standards.

While BlackRock ETFs manage over $130 billion USD, Bitcoin ETFs recorded net outflows of $8 billion USD in June – the largest institutional exodus in 2026; Corporate treasuries hold steady, wealth managers integrate Bitcoin at 1-2% in portfolios. Market signal: Risk aversion rather than continuous adoption.