Global Crypto Market Sees Regulatory Shifts, Stablecoin Expansion, and Bitcoin Resilience
Global Crypto Market Sees Regulatory Shifts, Stablecoin Expansion, and Bitcoin Resilience
The crypto landscape is undergoing significant shifts, with global regulatory bodies, particularly in Europe, reviewing frameworks like MiCA, while Bermuda issues new licenses for onchain vault managers. The stablecoin sector is bustling, marked by Tether's acquisition of SoftBank's stake in Twenty One Capital, new initiatives for a Swedish krona stablecoin by AllUnity, and Qivalis expanding its euro stablecoin consortium to 37 banks. MoneyGram is also integrating stablecoin settlement. Beyond stablecoins, Catena Labs secured substantial funding for AI agent financial infrastructure, and market analysts provide a bullish long-term outlook for Bitcoin, suggesting its cycle bottom remains intact despite recent price struggles.
Plume secures Bermuda license for what it calls first regulated onchain vault manager
Plume's Bermuda subsidiary has secured a Class M BMA digital asset licence, allowing the firm offer regulated onchain vault manager services.
MoneyGram named ‘anchor remittance validator’ for Stripe-backed Tempo blockchain
MoneyGram will help validate remittance transactions on the Layer 1 blockchain and integrate stablecoin settlement for its global flows.
Catena Labs lands $30 million Series A, files for national trust bank charter to underpin agentic finance
Sean Neville's Catena Labs closed a $30 million Series A to build governed infrastructure for AI agent financial transactions.
AllUnity plans Swedish krona stablecoin, launches agentic payments infrastructure
AllUnity plans a Swedish krona stablecoin for June and launches x402-based agentic payments for European businesses.
Tether acquires SoftBank’s stake in Twenty One Capital as share price jumps 5%
Tether has acquired SoftBank's stake in Twenty One Capital, with SoftBank's representatives stepping down from its board of directors.
European Commission launches MiCA review as global crypto regulatory landscape shifts
The European Commission launched a MiCA consultation open through Aug. 31, asking whether the crypto framework needs updating.
Qivalis expands euro stablecoin consortium to 37 banks
Qivalis added 25 European banks to its euro stablecoin consortium, reaching 37 institutions, including Luxembourg's state-owned Spuerkeess.
‘Not all 200-day moving averages are equal’: K33 argues February’s $60K low still marks cycle’s maximum drawdown
While bitcoin has struggled since revisiting its 200-day moving average at around $82,000, K33 maintains that the cycle bottom is still in.