Binance Halts Some EU Services After Missing MiCA Deadline

Binance told some European Union users it will restrict services because it will not have a MiCA license before the July 1 deadline. The exchange has stopped new registrations in the bloc and warned customers in France, Italy, Poland and Spain that some activity will be suspended while assets remain accessible.

The notice came after Binance withdrew its MiCA application in Greece and said it would seek authorization in another EU country. Under European crypto exchange rules, firms need approval from one member state to passport services across all 27 jurisdictions, leaving unlicensed platforms to wind down operations.

Spain’s securities regulator added pressure by saying there would be no exceptions or extensions for firms that missed the deadline. Carlos San Basilio said regulators were contacting unlicensed platforms to manage wind-downs, protect customers and ensure assets can be transferred if needed as the transition into MiCA begins.

Binance said user assets remain safe and accessible while it winds down unlicensed EU operations, and it still expects to secure approval in coming months. The Financial Times reported the exchange plans to approach France after resistance in Greece, Ireland and Latvia complicated its licensing path and regional operating plans.

The forced pause threatens Binance’s European access just as MiCA becomes the bloc’s single rulebook for crypto service providers. Authorized rivals can keep serving customers, while Binance must handle halted onboarding, limited transactions and withdrawal communications under close scrutiny from national regulators already concerned about its structure and past penalties.

EU Weighs DeFi, Staking and NFT Rules under MiCA

A European Parliament economic committee urged the Commission to assess whether DeFi, crypto lending, staking and NFTs should fall under MiCA. The report also backs tokenization and euro stablecoins, while warning member states against extra national rules that could fragment the bloc’s digital-asset industry after licensing begins.

The resolution now heads to a plenary vote expected July 6 and would shape Parliament’s official digital-assets stance without directly changing law. Brussels is already reviewing whether DeFi, lending, NFTs and tokenized financial assets need broader oversight as MiCA’s transition period closes across the European Union.

Aave Founder Rejects 70% Discount Sale Report

Aave founder Stani Kulechov pushed back after reports said Kraken parent Payward was discussing a 15% Aave stake at a $385 million valuation. He said AAVE would not be sold at a 70% discount to the token’s fully diluted valuation, while calling the article’s framing inaccurate.

Kulechov said Aave generates $134 million in annualized revenue, with proceeds routed to the DAO rather than Aave Labs. The comments followed governance reforms that redirected product revenue to token holders and came as the protocol continued tightening risk controls after the KelpDAO-related liquidity shock.

Securitize Plans NYSE Debut With $4 Billion AUM

BlackRock-backed Securitize expects to begin trading on the New York Stock Exchange under SECZ after completing a blank-check merger. The tokenization firm expects roughly $400 million in proceeds, giving public markets a direct test of demand for companies tied to blockchain-native securities and real-world asset infrastructure.

Securitize services more than $4 billion in assets, led by BlackRock’s $2.4 billion BUIDL tokenized fund. Its listing arrives as the SEC studies tokenized-stock exemptions, while tokenized securities face questions over corporate actions, governance duties and third-party issuers creating onchain wrappers.

Data of the Day

Bitcoin’s UTXO profit-loss ratio has fallen to its lowest level of the current bear cycle, according to CryptoQuant analyst Darkfost. The metric tracks spent outputs in profit versus at a loss and has historically appeared around capitulation phases, when long-term buyers begin treating panic selling as accumulation territory.

The signal last reached similar levels during the previous bear-market trough around $26,000 in mid-2023, analysts said. Selling pressure remains tied to short-term-holder exchange inflows, while Bitcoin traded near $60,000 after renewed geopolitical stress weakened risk appetite and kept momentum deeply negative.

More Breaking News

• Average IBIT investors are down about 40% as spot Bitcoin ETFs posted $1.79 billion in weekly outflows, the category’s second-worst run.
• Michael Saylor signaled more Strategy Bitcoin buying while MSTR fell further, with the company holding 847,363 BTC worth about $50.9 billion.
• Senators John Curtis and Adam Schiff urged the CFTC to investigate Polymarket after reports alleged creators staged $1.9 million in fake bets.
• Tether and Ledn plan gold-backed loans using XAUT, putting a $23 billion bullion reserve into lending against tokenized gold.
• OpenAI launched GPT-5.6 Sol, Terra and Luna in limited preview after the U.S. government requested a restricted frontier-model rollout.

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