Crypto Newsletter

EU regulation MiCA led to massive market failure: of 2,700 registered crypto firms, only 200+ received a license; Tether (USDT) was removed from EU platforms. This shows the profound regulatory restructuring of the European crypto market and drives users to unregulated alternatives.

The US Senate postponed the CLARITY Act vote to September; the SEC canceled a crypto regulation voting session. Regulatory uncertainty persists despite high-level meetings between the Trump administration and SEC/CFTC heads – signals a priority shift without clear regulations.

BlackRock IBIT ETF accumulated 9,269 BTC ($604M) in 4 days; Bitcoin ETFs cumulatively $54B+ with ~678k BTC in holdings. Institutional demand normalizes programmatically, but price oscillates between consolidation ($62-65K) without clear breakout direction.

Liquidity rotation into altcoins is underway (Solana, Sui, Arbitrum); Base L2 DeFi TVL grows $4.5-5B with +38% market share increase in DEX volume. Equity Perps explode from $104B (2025) to $1.32T (2026) – DeFi infrastructure becomes a real value absorber.

EU signals formal MiCA review for 2027 under pressure from the US GENIUS Act; focuses on non-EU issuers and tokenized payments. Regulatory coordination USA–EU becomes a competitive factor for stablecoin standards.

Dot-com-like consolidation in L2 networks and protocol tools: over 100 projects collapse, token treasuries deplete through 70-90% crashes. Market selection favors only a few (Base, Arbitrum), while smaller Layer-2s and tooling are eliminated.