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Svmuu News: CZ, founder of Binance, stated that Binance’s MiCA license application submitted in Greece had fully complied with regulatory requirements and was close to approval before it was withdrawn; however, the process was ultimately interrupted due to “external political factors.”
In an interview, CZ noted that several EU member states had expressed interest in the license, with even a degree of “competitive bidding” emerging. However, the regulatory process was ultimately derailed by non-regulatory factors, forcing the withdrawal of the application. Binance officially withdrew its Greek application last week and announced it would shift its focus to other EU member states to continue pursuing MiCA authorization.Regarding market rumors linking the company to high-ranking EU politicians, CZ stated that he had not seen any verifiable documents and had only encountered such claims online, which he could not confirm.
CZ also pointed out that the EU’s MiCA transition period will officially end on July 1,at which point unlicensed platforms must cease operating related services. National regulators have made it clear that they will not extend the deadline, and CZ assessed this outcome as a “lose-lose situation.” Citing the regulatory processes in Japan and Singapore as examples, he emphasized that compliance processes often require a longer timeframe.
Additionally, when discussing Strategy’s STRC preferred stock product, CZ described its structure as “too complex” and said he found it difficult to fully understand its mechanics. However, he emphasized that he was not passing judgment on the credibility of its founder, Michael Saylor, whom he described as “a staunch supporter of Bitcoin.” (The Block)

Svmuu News: Castle Securities stated that the AI market is facing greater risks, including weakening demand, declining returns, and increased political and regulatory scrutiny. Investors have underestimated the determination of Federal Reserve Chairman Kevin Warsh to curb inflation, and the firm warned that higher interest rates could put pressure on risk assets. (Jin Shi)

Svmuu News: With the European Union’s Market in Crypto-Assets Regulation (MiCA) set to take full effect on July 1, industry insiders expect the European crypto market to undergo a large-scale platform shakeup, with potentially more than 10 million users facing the need to switch trading platforms.
Alex Fazel, an executive at SwissBorg, stated that the new MiCA regulations are forcing a large number of exchanges to cease or restrict their services in the EU. The European Securities and Markets Authority (ESMA) has warned that institutions without MiCA licenses must gradually exit the market after the deadline and assist users in transferring their assets to compliant platforms or self-custody wallets.
Data shows that as of 2024, there may be more than 3,000 virtual asset service providers (VASPs) in Europe, of which approximately 80% are expected to exit the market following the regulatory transition.
Analysts note that several exchanges, including Binance, have already adjusted their European business strategies in advance, while others—such as Coinbase and OKX—are using incentives to encourage users to migrate. Against the backdrop of tightening regulations, industry competition is shifting from “subsidized customer acquisition” to “competition based on compliance and trust.” (CoinDesk)

Svmuu News Federal Reserve Board Member Cook stated: “This matter (the mortgage fraud allegations) has absolutely nothing to do with mortgage documents I signed before serving as a board member of Federal Reserve. This is purely a plot to remove me from office, based on entirely fabricated pretexts;I am being targeted because I refused to yield to political pressure and insisted on setting interest rate policy based solely on what is in the best interest of the American people. This is precisely the fundamental duty of a Federal Reserve board member. Today’s ruling reaffirms a principle that has underpinned sound economic management for generations: Federal Reserve must make all policy decisions based on evidence and independent judgment, free from political interference.”
“The Supreme Court’s decision to uphold the lower court’s order and affirm the necessity of due process and just cause recognizes that the independence of the Federal Reserve is essential to achieving the goals of ‘price stability’ and ‘full employment’ entrusted to us by Congress. I am deeply gratified by this ruling.As long as I remain at Federal Reserve, I will continue to defend the principle of political independence and serve the American people with the utmost dedication.” (Jin Shi)

Svmuu News: Galaxy announced in a post on the X platform that it has been officially included in the Russell 1000 Index, which covers approximately 1,000 of the largest U.S. publicly traded companies by market capitalization and serves as one of the key benchmarks for measuring the performance of large-cap stocks. Galaxy stated that it has established large-scale operations in the institutional-grade crypto market and is rapidly expanding its data center infrastructure, positioning itself as a key player connecting the crypto finance and AI computing industries.

Svmuu News: According to SoSoValue data, as of 8:00 a.m. Eastern Time on June 29, 2026, the total weekly net purchases of Bitcoin by global publicly traded companies (excluding mining companies) amounted to $14.65 million, down 83% from the previous week.
Strategy (formerly MicroStrategy) did not purchase any Bitcoin last week.At the same time, Strategy announced two share repurchase programs, each with a maximum value of $1 billion, targeting Class A common stock and digital credit preferred stock—led by STRC—with annual dividend yields ranging from 8% to 10%, with the aim of optimizing its capital structure without depleting existing U.S. dollar reserves;To fund the aforementioned buybacks and support day-to-day capital expenditures, the Board of Directors also approved a plan to liquidate the “Bitcoin,” allowing the company to generate up to $1.25 billion in additional proceeds through the sale of “Bitcoin” to replenish its U.S. dollar reserves,and, when management deems it more advantageous than issuing Class A common stock or engaging in other capital market transactions, to pay dividends and interest on maturing preferred shares (or to replenish U.S. dollar reserves after such payments), as well as to directly provide additional funding for the two aforementioned buyback programs (including related taxes and transaction costs).Although Weice’s move has activated the monetization authorization, it currently serves only as a reserve shield for buybacks; in reality, the company is “holding its position without selling.” Its core strategy has shifted from the initial phase of “aggressive balance sheet expansion” to a phase of refined operations focused on “utilizing crypto assets to optimize the equity capital structure and reduce the cost of capital generated by high-interest shares.”
Japanese publicly listed company Metaplanet did not purchase any Bitcoin last week, marking 10 consecutive weeks without purchases.
In addition, two other companies purchased Bitcoin last week.CIMG, a Hong Kong-based global digital health, consumer goods sales, and AI computing power technology group, announced that it has just completed the first tranche of a large-scale stock and warrant offering, receiving $13.5 million in payment via Bitcoin (207.7 Bitcoin at an average price of $65,000),bringing its total holdings to 937.7; Brazil-based OrangeBTC (Bitcoin) announced on June 29 that it had invested $4.9 million to purchase 74 Bitcoin at a price of $66,233, bringing its total holdings to 3,896.
As of this writing, the total holdings of Bitcoin by publicly listed companies worldwide (excluding mining companies) amount to 1,142,484 coins, an increase of 0.02% compared to last week. The current market value is approximately $68.52 billion, accounting for 5.7% of Bitcoin’s circulating market capitalization.

Svmuu News: Ripple is promoting the addition of a new layer of lending infrastructure on the XRP Ledger (XRPL), enabling institutions to secure financing using on-chain tokenized assets as collateral, while the protocol automatically enforces loan terms; credit assessments and lending decisions, however, remain the responsibility of off-chain institutions.
According to disclosures, the proposal—named the XRPL Lending Protocol (corresponding to the XLS-65 and XLS-66 standards)—is currently in the technical draft stage and requires approval via validator voting before it can go live on the mainnet; however, it is already available for developers to test on the testnet.
The protocol is designed to split the lending process into two parts: on-chain mechanisms handle pool management, interest calculation, repayment execution, and default resolution; while borrower credit assessment and the setting of loan terms remain with traditional financial institutions to meet compliance requirements across different jurisdictions.
Ripple states that this mechanism is primarily aimed at meeting institutions’ short-term liquidity needs—for example, in cross-border payment scenarios, where stablecoins or collateralized assets are used for temporary financing prior to settlement to enhance capital efficiency.
Analysts believe this solution attempts to introduce a “rule-based lending infrastructure” similar to that of traditional finance while maintaining the open-network nature of the XRPL; however, it still faces competition from mature on-chain lending protocols such as Aave, Compound, and Maple. (CoinDesk)

Svmuu News: Bitfinex analysts note that Bitcoin (BTC) is currently under sustained pressure below the $60,000 level, having fallen significantly from its all-time high of over $130,000. The sustained upward trend previously anticipated by the market is now facing clear pressure for a reversal.A “structural withdrawal” has emerged in the spot market; outflows from ETFs have yet to subside, and demand from crypto treasury channels has noticeably cooled, leaving the market lacking key buying support.
In its scenario analysis, Bitfinex believes that if the short-term macroeconomic environment deteriorates further, the Bitcoin“realized price” of approximately $53,400 will serve as a key technical support level. However, based on the historical four-year cycle pattern and the law of diminishing returns, the price may still experience a “final lower wick” that drops to the $40,000 range.
The analysis notes that Bitcoin has currently retreated by approximately 53.9% from its all-time high. The market decline is primarily driven by a combination of ETF sell-offs, stop-loss orders from short-term holders, and capital outflows, while the institutional and treasury demand engines that previously supported the market have clearly weakened.Only if spot demand rebounds will Bitcoin be able to complete its bottoming process and resume its upward trend; otherwise, it will continue to face further downside risks in the short term. (Crowdfundinsider)