MiCA regulation
AscendEX Shuts Down Over EU MiCA Compliance, Users Face Losses
AscendEX, a major centralized cryptocurrency exchange, has permanently ceased operations effective July 1, 2026, citing regulatory pressures and financial difficulties as the primary drivers of its shutdown. The exchange’s exit marks a watershed moment for the crypto industry as the first significant casualty of the European Union’s newly enforced Markets in Crypto-Assets Regulation, commonly known...
RLUSD Surpasses Ethereum on XRP Ledger as Ripple Enters Beta Testing
RLUSD Stablecoin Surpasses Ethereum on XRP Ledger as Ripple Enters Beta Testing Phase Ripple’s RLUSD stablecoin has crossed a significant threshold, with issuance on the XRP Ledger now exceeding that on Ethereum for the first time, reaching $848 million compared to Ethereum’s $727 million as of early July 2026. The milestone arrives as Ripple prepares...
Here’s What Happened in Crypto Today
Bitcoin plummeted to 2026 lows amid accelerating exchange-traded fund outflows and a hawkish pivot from the Federal Reserve, casting a shadow over broader market sentiment. Meanwhile, the European Union’s Markets in Crypto-Assets Regulation took full effect, prompting major exchanges to restrict services in the bloc. In brighter news, Ripple joined a 140-partner open USD consortium...