Articles by Industry News

Binance Delists USDT Spot Pairs in Europe to Comply with MiCA Regulations
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Binance Delists USDT Spot Pairs in Europe to Comply with MiCA Regulations

Cryptocurrency exchange Binance has removed spot trading pairs involving Tether’s USDT and other non-compliant tokens in the European Economic Area (EEA), in a move to align with the European Union’s Markets in Crypto-Assets Regulation (MiCA). The decision follows an earlier announcement from Binance outlining plans to delist non-MiCA-compliant assets by March 31, 2025. While EEA...

European Banks Underestimate Crypto Demand Despite Rising Investor Interest, Bitpanda Survey Finds
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European Banks Underestimate Crypto Demand Despite Rising Investor Interest, Bitpanda Survey Finds

A recent survey by crypto investment platform Bitpanda reveals a significant disconnect between European financial institutions and investor demand for digital assets. Despite over 40% of business investors already holding cryptocurrencies—and another 18% planning to invest soon—only 19% of surveyed institutions report seeing strong client demand for crypto services. The survey, which included 10,000 retail...

U.S. Banks Launch Ethereum-Based Stablecoin ‘Avit’ in Major Milestone for Digital Finance
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U.S. Banks Launch Ethereum-Based Stablecoin ‘Avit’ in Major Milestone for Digital Finance

In a landmark move bridging traditional banking and blockchain technology, Vantage Bank and Custodia Bank have jointly launched Avit—the first U.S. bank-backed stablecoin built on the Ethereum network. Announced on March 25, Avit operates as an ERC-20 token and is fully backed 1:1 by U.S. dollars, marking a significant step toward regulatory-compliant digital asset integration...

Crypto ETFs See Record 17-Day Outflow Streak Amid Market Sell-Off
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Crypto ETFs See Record 17-Day Outflow Streak Amid Market Sell-Off

Cryptocurrency exchange-traded products (ETPs) have logged 17 consecutive days of outflows, the longest negative streak since CoinShares began tracking in 2015. The persistent withdrawals reflect growing investor caution, with $1.7 billion pulled from the market in the past week alone. According to CoinShares’ March 17 report, the five-week cumulative outflow now stands at $6.4 billion....

Musk Claims U.S. Government Operates ‘Magic Money Computers’ as DOGE Cuts Uncover Waste
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Musk Claims U.S. Government Operates ‘Magic Money Computers’ as DOGE Cuts Uncover Waste

Elon Musk has sparked new debate over government spending practices, claiming that multiple U.S. federal departments are using what he calls “magic money computers” capable of issuing payments “out of thin air.” Speaking on the March 17 episode of Senator Ted Cruz’s podcast *Verdict*, Musk said at least 14 such systems exist across departments including...

Gotbit Founder Agrees to Forfeit $23M in Crypto in U.S. Market Manipulation Plea Deal
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Gotbit Founder Agrees to Forfeit $23M in Crypto in U.S. Market Manipulation Plea Deal

Aleksei Andriunin, founder and CEO of the Gotbit market-making platform, has agreed to forfeit approximately $23 million in Tether (USDT) and USD Coin (USDC) as part of a plea agreement with U.S. federal prosecutors in Massachusetts. The Russian national will plead guilty to three counts of conspiracy to commit wire fraud and market manipulation, according...

Australia Proposes New Crypto Laws Ahead of Election, Pledges Action on De-Banking
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Australia Proposes New Crypto Laws Ahead of Election, Pledges Action on De-Banking

Australia’s Labor-led government has unveiled plans to regulate cryptocurrency exchanges and custody services under existing financial services laws, part of a broader effort to formalize the country’s digital asset landscape. The proposal, released by the Treasury Department on March 21, aims to extend financial compliance standards to major crypto platforms while offering exemptions for smaller...

US Treasury Declares Tornado Cash Case Moot After Delisting, Coinbase Pushes Back
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US Treasury Declares Tornado Cash Case Moot After Delisting, Coinbase Pushes Back

The U.S. Treasury Department has argued that the lawsuit challenging its sanctions on crypto mixer Tornado Cash should be dismissed as moot following the protocol’s removal from the sanctions list on March 21. The department maintains that no final court judgment is necessary now that Tornado Cash and several related smart contracts have been delisted...

Bitcoin ETFs Retain 95% of Investors Despite 25% Price Decline
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Bitcoin ETFs Retain 95% of Investors Despite 25% Price Decline

Since the start of 2025, Bitcoin’s price has dropped by approximately 25%. Despite this downturn, 95% of U.S.-based spot Bitcoin ETF investors are holding their positions, signaling long-term confidence in the market. Bloomberg data shows that while investors face market pressures, they prefer to retain their ETF assets rather than sell, keeping total managed assets...