Binance’s EU Access at Risk as Greece Set to Deny MiCA License

Greece Poised to Reject Binance’s MiCA Application, Threatening EU Operations The Hellenic Capital Market Commission is expected to deny Binance’s MiCA license before the June 30 deadline, which would bar the exchange from serving EU users starting July 1; only 194 firms are licensed under MiCA so far. Binance disputes the report, stating its application was found compliant, but the transition period end will impact about 60% of EU crypto users on unlicensed platforms. 123

Bipartisan Senators Demand Treasury Clarify State Stablecoin Oversight Under GENIUS Act A bipartisan group led by Cynthia Lummis urged Treasury Secretary Bessent to issue clear procedures and timelines for states to certify as stablecoin regulators for issuers under $10 billion, arguing the GENIUS Act intended a dual federal-state framework. Without guidance, the lawmakers say innovation could be stifled and smaller firms forced into centralized oversight. 45

State Street Launches GENIUS Act-Aligned Money Market Fund for Stablecoin Reserves State Street Investment Management introduced the State Street Stablecoin Reserves Money Market Fund (SSCXX), a government fund for stablecoin issuers, joining BlackRock, Goldman Sachs, and BNY in the $300 billion stablecoin reserve market. The fund launched with $121 million in assets and a 3.51% yield, anchored by Anchorage Digital. 6

Ethereum’s Glamsterdam Upgrade Enters Final Devnet Testing Before Mainnet Launch Core developers are testing the full suite of Ethereum Improvement Proposals on devnets for the upgrade, which includes enshrined proposer-builder separation, block-level access lists, and gas repricings. This is the largest fork since the Merge, with a mainnet activation expected in the second half of 2026. 78

Ethereum Whales Accumulate 510K ETH as Exchange Reserves Hit All-Time Low Addresses holding 10,000–100,000 ETH scooped up 510,000 ETH since the early June dip to $1,500, while exchange-held ETH dropped to a historic 14.5 million tokens. Retail participation remained muted, and bulls need to reclaim $2,000 to confirm momentum. 9

On-Chain Data Suggests Bitcoin Seller Exhaustion, Transition to Late-Stage Capitulation Bitfinex analysts note that $1.35 billion in daily realized losses in early June points to seller exhaustion rather than broader distribution, as forced selling by recent ETF and treasury buyers eases. The market remains in a post-liquidation phase, with demand needed to turn consolidation into a durable support floor. 10