Binance, the world’s largest crypto exchange, is poised to lose its ability to serve EU clients after its Greek MiCA license application faces rejection, Reuters reported on June 16, 2026. Two sources familiar with the matter told Reuters that Greece’s Hellenic Capital Market Commission (HCMC) is set to turn down the application. The decision, if finalized, would significantly impact Binance's presence in the European Union.

In parallel, oil prices have fallen below $80 after nearly four months, partly due to US-Iran deal hopes. Standard Chartered suggests that cheaper crude could lift Bitcoin toward an $83K test, signaling a potentially bullish outlook for the cryptocurrency in response to macro economic shifts.

However, Bitcoin (BTC) is also trading roughly 48% below its October peak even as global money supply sets a record, opening a key gap between the asset and global liquidity this cycle. The divergence has drawn attention from market analysts who treat liquidity as a leading signal for risk assets, prompting questions about whether Bitcoin will catch up to these global liquidity trends.

In other market news, SanDisk's RSI crossed 99, a record for any public stock. SNDK is up 620% YTD on AI memory demand, but overbought signals are mounting, fueling AI bubble fears across markets, which could have broader implications.

Finally, industry expert Charles Edwards contends that 90% of on-chain metrics are noise, advising institutions to look for more specific and reliable data points to inform their investment decisions, highlighting a need for more discerning analysis in the crypto space.