Ripple Secures Preliminary MiCA License, Poised for Europe-Wide Payments Rollout

Ripple Nears Full MiCA Compliance After Luxembourg CASP Approval Ripple received preliminary approval for a Crypto Asset Service Provider license from Luxembourg's CSSF, enabling it to offer regulated crypto and stablecoin payments across all 30 EEA countries once final conditions are met. The CASP license, combined with Ripple's existing EMI license, allows European banks and fintechs to access Ripple's full payments infrastructure through a single integration. 123

Bank of England Drops User Caps, Sets £40B Guardrail for Systemic Stablecoins The BoE's final rules replace per-person holding limits with a £40 billion issuance ceiling per stablecoin and allow up to 70% of reserves in UK gilts, easing earlier proposals. The regime aims for a final Code of Practice by end of 2026, with industry feedback open until September 22. 456

Bitcoin Retests $62,400 as Tech Rout Drags Crypto Lower, Liquidations Hit $320M Bitcoin fell to $62,400, testing its 200-week moving average, as a selloff in AI and chip stocks spread to Asian markets. U.S. spot Ethereum ETFs saw $66.1M in outflows, while an altcoin season signal emerged due to Bitcoin's slide. Over $320 million in crypto futures were liquidated in 24 hours. 789101112

Former EF Researchers Launch Ethlabs, Backed by Bitmine and Joe Lubin Five former senior Ethereum Foundation researchers launched Ethlabs, an independent nonprofit for Ethereum core protocol R&D, with backing from Bitmine, Sharplink, and Ethereum co-founder Joe Lubin. The effort fills a research gap left by the EF's intentional reduction in scope and staffing. 13