Key highlights: Binance saw at least $750 million in net outflows during the week beginning June 22. The outflows followed the firm’s decision to withdraw its MiCA license application. Rivals, including OKX, among others, saw major inflows during the same period. Binance is starting to see a large amount of money leave its platform. This […]
Tag: OKX
Key highlights: The M price crashed 75.78% in one day, dropping from $2.80 to below $0.45 amid concerns over token concentration. Analysts flagged 7.9 million M tokens tied to Kraken withdrawals and raised concerns over insider-held supply. Allegations that team-linked wallets moved millions of M tokens fueled concerns over insider-held supply. MemeCore has come under […]
Key highlights: OpenPayd has secured authorization under the EU’s Markets in Crypto-Assets (MiCA) framework, allowing it to provide regulated crypto-asset services across the European Economic Area. The approval arrives just days before the July 1 MiCA compliance deadline, when firms without authorization may face restrictions across Europe. OpenPayd processes more than $240 billion in annualized […]