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BitGo Launches MiCA Crypto Infrastructure In Europe

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BitGo Launches MiCA Crypto Infrastructure In Europe

BitGo, a crypto custody company, is moving into Europe’s tighter regulatory landscape as exchanges race to maintain access ahead of a key licensing deadline.

BitGo Europe launched a crypto-as-a-service platform aimed at meeting the European Union’s Markets in Crypto-Assets Regulation (MiCA), the company said in a statement shared with Cointelegraph on Wednesday.

BitGo CEO Mike Belshe said companies shouldn’t leave users waiting during licensing delays, arguing that regulated infrastructure can keep platforms active in the meantime.

“We can help keep you moving safely and compliantly,” he said.

The launch comes with the EU’s July 1 MiCA deadline approaching, requiring crypto companies to obtain authorization to continue serving customers across the bloc. Reports on Tuesday suggested Greek regulators may reject Binance’s MiCA license application, adding uncertainty to the EU regulatory status of the world’s largest crypto exchange by trading volume.

BitGo targets exchanges with MiCA-ready tools

BitGo Europe’s MiCA service launch comes more than a year after the company secured authorization under the framework. Germany’s Federal Financial Supervisory Authority (BaFin) issued the license in May 2025.

BitGo’s platform allows exchanges and fintech companies to connect to regulated custody, trading, onboarding and wallet systems through APIs. Instead of building full compliance systems in-house, crypto service providers can plug into BitGo’s infrastructure while keeping control of their customer-facing products.

Source: Mike Belshe

The system includes tools for programmatic Know Your Customer (KYC) checks, transaction controls and settlement of supported digital assets. BitGo also supports euro payments through Single Euro Payments Area (SEPA) rails in eligible regions, enabling fiat on- and off-ramps within a regulated setup.

Exchange pressure builds as MiCA transition tightens

BitGo did not say whether its infrastructure could help companies such as Binance continue operating in the EU if regulators ultimately reject a license.

Cointelegraph reached out to BitGo for clarification but did not receive a response by publication time.

The company said the shift is especially urgent in markets such as Poland and Lithuania, where older national registration regimes are being phased out under the new system.

Related: Polish president vetoes crypto bill for third time ahead of MiCA deadline

In Lithuania, the transition period for legacy virtual asset service providers ended on Dec. 31, 2025. In Poland, implementation remains unresolved, adding uncertainty for companies still operating under national approvals as the EU-wide framework takes effect.

“We believe Europe is moving toward a more unified and durable regulatory framework for digital assets,” CEO Belshe said. “BitGo was built for moments like this […] With BitGo Europe, we are giving businesses a way to meet the MiCA standard while continuing to serve the market with confidence,” he added.

Magazine: China’s 107 Bitcoin memory thief, Bithumb CEO booked: Asia Express

Hyperliquid’s $10B Open Interest Shows Cross-Asset Growth in Equities, Commodities: Talos

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Hyperliquid’s $10B Open Interest Shows Cross-Asset Growth in Equities, Commodities: Talos

Hyperliquid’s perpetual futures open interest recently exceeded $10 billion as the platform expanded into equity-linked products, commodities and synthetic pre-IPO trading.

Hyperliquid is now the third-largest perpetual futures exchange, with growth driven primarily by crypto assets and supported by expanding trading in equities, commodities and indexes through Hyperliquid Improvement Proposal-3 (HIP-3), according to digital asset infrastructure provider Talos.

Talos said in a Tuesday report that about $4 billion of open interest is attributable to HIP-3 builder-deployed perpetual markets.

The report highlighted oil, the Nasdaq 100 and technology stock-linked contracts as some of the most actively traded products, while pre-IPO markets drew more than $250 million in open interest ahead of SpaceX’s expected public listing. Nearly half of S&P 500 perpetual volume and more than 60% of oil perpetual volume occurred outside traditional US market hours.

HIP-3 perpetuals, daily volume by asset class. Source: Talos

Hyperliquid’s growth reflects a broader push by crypto trading venues to expand beyond digital assets and offer exposure to traditional financial markets through blockchain-based derivatives.

Related: SpaceX tokenized IPO campaign draws $557M on Binance ahead of debut

Hyperliquid’s rise draws TradFi attention

Hyperliquid’s growth has also drawn attention from traditional financial firms exploring round-the-clock trading.

On May 27, Jeffrey Sprecher, the CEO of Intercontinental Exchange, the parent company of the New York Stock Exchange (NYSE), urged regulators to create a “level playing field” for launching 24/7 onchain perpetual futures contracts, arguing that regulators are “prohibiting us from doing this when it’s already happening.”

Sprecher’s comments came after discussions with Hyperliquid, which he cited as an example of a crypto-native platform enabling around-the-clock derivatives trading. A day earlier, Hyperliquid launched canonical prediction markets for offchain events, adding another product category to its trading ecosystem.

Top DeFi protocols by weekly fees. Source: DefiLlama

Hyperliquid is also one of the crypto’s largest fee-generating protocols. The platform generated more than $15.6 million in fees during the past week, making it the third-largest protocol by weekly fees behind the industry’s stablecoin issuers Tether and Circle, according to DefiLlama data.

Magazine: Can Robinhood or Kraken’s tokenized stocks ever be truly decentralized?

Uniswap (UNI) gains 12.9% while index trades lower

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Uniswap (UNI) gains 12.9% while index trades lower

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

The CoinDesk 20 is currently trading at 1829.21, down 0.7% (-12.13) since 4 p.m. ET on Monday.

Six of 20 assets are trading higher.

Leaders: UNI (+12.9%) and XLM (+2.7%).

Laggards: ADA (-3.4%) and NEAR (-2.5%).

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

Polygon’s 5,000 TPS Upgrade Could Make Stablecoin Payments Viable for Payroll, Remittances and B2B Settlement

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Polygon’s 5,000 TPS Upgrade Could Make Stablecoin Payments Viable for Payroll, Remittances and B2B Settlement

  • Polygon Chain can now support up to 5,000 payment transactions per second.
  • The capacity upgrade makes stablecoin payments more practical for payroll, remittances and B2B settlement.
  • Polygon says the higher throughput and stable fees could help fintechs and enterprises build payment products with more predictable costs.

Polygon Chain can now support up to 5,000 payment transactions per second, Polygon Labs said in a statement shared with AlexaBlockchain. This is its latest effort to position Polygon network as a production rail for stablecoin payments. The upgrade was achieved by raising the network’s gas limit to 160 million while maintaining 1.5-second blocks.

The milestone puts Polygon closer to the throughput range expected from large-scale payments infrastructure.

But the claim is not only about speed.

The larger issue for fintech and enterprises is whether public blockchain rails can handle real payment volume without unpredictable fees, degraded performance or complex integrations.

Polygon is positioining the upgrade as a way to make stablecoin payments more practical for payroll, remittances, B2B settlement and cross-border transfers.

That’s impoartant because stablecoin payments are moving beyond crypto-native use.

Stripe’s stablecoin payments allows businesses to accept stablecoins from customers globally. It enables customers to pay with their preferred crypto wallet, token and network, while completed payments settle into the merchant’s Stripe balance in USD.

Polygon has been one of the supported networks in Stripe’s stablecoin payments push. Stripe uses Polygon to let merchants accept stablecoin payments online and at physical locations.

Polygon Labs said the new upgrade gives companies a rail where costs remain low and predictable as volume grows.

That predictability is central to payment product design. A remittance app, payroll provider or merchant settlement platform needs to know what a transaction will cost before building pricing around it.

“Finance and payments teams have been watching stablecoins for years, waiting for the infrastructure to catch up,” said Marc Boiron, CEO of Polygon Labs.

“The throughput was never the real blocker, the costs and complexity were. When fees spike at scale, you can’t build a real product on top of it. Polygon Chain now processes up to 5,000 payments per second at stable fees. With the simplicity of integration in one API, fintechs and enterprises can finally build stablecoin payment products on the Open Money Stack with one simple integration and know exactly what they’ll cost to run,” Boiron said.

The Open Money Stack is Polygon’s attempt to package stablecoin payments into a more complete enterprise framework. As per Polygon, it is a vertically integrated system that connects fiat access, wallets, orchestration and onchain settlement through a single API.

The goal is to let companies build stablecoin payment products without stitching together multiple vendors for wallets, fiat ramps, liquidity and settlement.

That strategy accelerated earlier this year.

In January, Polygon Labs signed definitive agreements to acquire Coinme and Sequence in deals valued at more than $250 million. Polygon aimed to strengthen its position in regulated stablecoin payments through the acquisitions.

The deals were meant to add missing pieces around fiat access and wallet infrastructure. Coinme operates a regulated digital currency payments business, while Sequence provides wallet and transfer infrastructure for cross-chain activity.

The Block reported that Coinme holds money-transmitter licenses in 48 U.S. states and that Sequence provides enterprise wallet infrastructure. The report said the Open Money Stack is designed as middleware for global value transfers using stablecoins and other onchain assets.

The new throughput milestone builds on Polygon’s earlier network upgrades.

The Bhilai hardfork raised Polygon’s gas limit from 30 million to 45 million. It allowed the network to support more than 1,000 TPS while aiming for smoother gas fees.

Polygon noted Bhilai as the first major step in its Gigagas roadmap. The company described the roadmap as a multi-phase plan to reach 100,000 TPS for payments, remittances and tokenized assets.

For developers already building on Polygon, backward compatibility is part of the appeal.

If upgrades can be delivered without forcing applications to migrate contracts or rebuild integrations, existing payment companies can inherit added capacity without major technical disruption. That’s crucial for enterprises, where infrastructure changes can slow adoption.

The timing is also important because payment demand could become more automated.

Payroll, remittances and B2B settlement already require repeatable, high-volume payment flows. AI agents could add another layer of continuous transactions, including payments for APIs, compute, data access and digital services.

Most traditional rails were not designed for that type of programmable microtransaction load.

Many blockchains, meanwhile, become expensive during periods of peak demand. Polygon’s latest upgrade is designed to address that gap by combining higher throughput with more stable transaction costs.

The move comes as stablecoins attract more attention from mainstream payment companies.

Stripe has expanded stablecoin support across its payments infrastructure, including work with Shopify merchants. In June 2025, Stripe said Shopify merchants in 34 countries would be able to accept USDC payments.

Polygon is trying to make sure it remains one of the public rails used for that shift.

The network’s pitch is that stablecoin payments need more than a fast chain. They need fiat access, compliance tooling, wallet infrastructure, liquidity, low fees and predictable settlement in one stack.

Polygon has now brought its chain closer to institutional payment throughput. The next question is whether fintechs and merchants will use that capacity for payroll, remittances, B2B settlement and other real-world stablecoin flows at scale.

The above article “Polygon’s 5,000 TPS Upgrade Could Make Stablecoin Payments Viable for Payroll, Remittances and B2B Settlement” was first published on AlexaBlockchain. Read the complete article here: https://alexablockchain.com/polygon-raises-payment-capacity-to-5000-tps/

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Disclaimer: The information provided on AlexaBlockchain is for informational purposes only and does not constitute financial advice. Read complete disclaimer here.

Congress Reaches Deal on Housing Bill With CBDC Ban

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Congress Reaches Deal on Housing Bill With CBDC Ban

The US House and Senate have reached a deal to move forward with a housing bill that includes a ban on the Federal Reserve creating a central bank digital currency (CBDC) until 2030.

A bipartisan group of House and Senate leaders released an updated version of the 21st Century Road to Housing Act on Tuesday, which aims to address housing affordability and bans institutional investors from buying existing single-family homes to rent out.

The bill has included a CBDC ban since the Senate passed it in March. The House also passed its version of the bill with strong support in May, but the House and Senate disagreed on some aspects. The Senate has now added further amendments that will be put before the House for a final vote.

The bill is likely to pass quickly and would hand a win to Republicans who have tried to pass a CBDC ban for years, as earlier standalone bills had stalled in Congress. Crypto advocates have long criticized CBDCs, which they see as an attempt by governments to repurpose crypto technology to a centrally-controlled asset.

Source: US Senate Banking Committee GOP

The deal also means Congress can focus on passing other legislation before the August recess and the November midterm elections, in particular, the crypto-regulating CLARITY Act that many lawmakers have been pushing to advance.

House Republican leaders plan to put the bill up for a vote after the House returns from recess on June 23, two people familiar with the plan told Politico.

The housing bill includes language that says the Federal Reserve may not, directly or indirectly, “issue or create a central bank digital currency or any digital asset that is substantially similar to a central bank digital currency.”

Related: South Carolina governor signs bill protecting Bitcoin miners, banning CBDC

It adds the clause will expire on Dec. 31, 2030, and creates a carveout for crypto stablecoins, or “dollar-denominated currency that is open, permissionless, and private.”

The clause revives much of the language from Republican Representative Tom Emmer’s Anti-CBDC Surveillance State Act, which was introduced in June 2025, passed by the House the next month, but was never picked up in the Senate.

US President Donald Trump signed an executive order in January 2025 banning federal agencies from all work related to CBDCs, saying they threatened “the stability of the financial system, individual privacy, and the sovereignty of the United States.”

Magazine: How crypto laws changed in 2025 — and how they’ll change in 2026

Bitcoin flat near $66,000 as Uniswap jumps 22%

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Bitcoin flat near $66,000 as Uniswap jumps 22%

Bitcoin is trading flat while the rest of the crypto market showing signs of a capital rotation.

The largest token traded around $65,800 on Wednesday, down 0.3% over 24 hours but up 7.4% on the week, per CoinDesk data, holding near $66,000 as traders waited on the Federal Reserve’s first rate decision under new Chairman Kevin Warsh.

The action was in altcoins. Uniswap’s UNI was the standout, jumping 22.5% to $3.53 after Standard Chartered initiated coverage with a $100 price target by 2030, with the bank’s digital assets research head Geoffrey Kendrick calling the decentralized exchange a foundational layer of the on-chain economy.

Hyperliquid’s HYPE rose 7.8% on the day and 34.3% on the week, and solana added 14.7% over seven days even while flat on Wednesday. Ether gained 1.4% to $1,793 and is up 10.4% on the week. XRP slipped 0.9% to $1.22.

The macro backdrop kept improving for risk assets, just not for bitcoin. Brent crude fell below $79 a barrel, its lowest in more than three months, after sliding 15% over four sessions in its longest losing run this year.

Ripple-linked token gives back breakout gains, slipping below $1.23

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Ripple-linked token gives back breakout gains, slipping below $1.23

XRP’s push above $1.25 lasted only a few hours. Sellers showed up near the highs and drove the token back through $1.23 on some of the session’s heaviest volume, turning what looked like a breakout into a reminder that the market is still struggling to absorb supply left behind by the recent selloff.

News Background

• XRP ETF products recorded a second straight week of inflows, attracting $10.68 million and lifting cumulative inflows to roughly $1.44 billion.

• South Korea’s Upbit exchange continued to account for an outsized share of XRP activity after wallet-flow dominance climbed from 13% to 31% in the week through June 14.

• Ripple continued expanding its payments infrastructure, including recent activity tied to RLUSD and cross-border settlement initiatives.

Price Action Summary

• XRP fell from $1.2619 to $1.2205 during the 24-hour session, losing 3.3%.

• Selling accelerated during the afternoon session when volume surged to 87.5 million XRP, breaking support near $1.2240.

• A late recovery attempt reached $1.223 before reversing sharply, reinforcing that area as near-term resistance.

Technical Analysis

• The key development was the loss of the $1.22-$1.23 area, which traders had been watching after XRP’s rally above $1.20 earlier in the week.

Here’s how bitcoin and S&P 500 look like when adjusted for the money printer

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Here’s how bitcoin and S&P 500 look like when adjusted for the money printer

If you’re only looking at the dollar price of your portfolio, you may be missing part of the picture, which is significantly shaped by money supply growth.

To the casual observer, the markets look like business as usual. While bitcoin has nearly halved to $66,000 since its $126,000 peak in October of last year, the decline could be dismissed as just another brutal, quadrennial crypto bear market. Meanwhile, the S&P 500 continues to hover near record highs.

But beneath the surface, a more interesting signal emerges when both prices are adjusted for the U.S. M2 money supply. M2 is the Federal Reserve’s estimate of liquid assets, including cash on hand, money deposited in checking and savings accounts, and other short-term saving vehicles such as money market funds and certificates of deposit.

Monetary exhaustion?

Some observers see bitcoin as a high-beta barometer for dollar liquidity, and the BTC/M2 ratio, bitcoin’s price adjusted for money supply growth, is now flashing a warning. The ratio, after a sharp climb from 2023 through 2025, appears to have formed what technical analysts call a head-and-shoulders pattern, typically read as a bearish signal.

BTC’s price-to-U.S. M2 money supply. (TradingView)

If the pattern holds, it would suggest bitcoin’s exponential edge over money supply growth — the dynamic that let it outrun debasement so convincingly in prior cycles — is fading. Bitcoin’s ability to outpace the flood of new dollars may be approaching diminishing returns, at least for now.

BitGo offers MiCA compliance lifeline to EU crypto firms as license deadline looms

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BitGo offers MiCA compliance lifeline to EU crypto firms as license deadline looms

Eligible businesses may also continue to evaluate or pursue their own MiCA-focused crypto asset service provider (CASP) licenses in parallel while integrating BitGo Europe’s infrastructure, BitGo said.

The final deadline for crypto firms to have transitioned to the MiCA regime is the end of this month, a regulatory reckoning that will force some firms to close down their businesses.

Industry estimates suggest that Europe had more than 3,000 registered crypto firms as of 2024, with Poland alone accounting for over 1,400 registrations. As of May 2026, there are 194 authorised CASPs (including credit institutions) and it is expected that around 75% of the pre-MiCA population will lose registration status as transitional periods expire, according to law firm Hogan Lovells.

Belshe said firms don’t need to go bust because of MiCA’s regulatory requirements, adding that regulators are aware of BitGo’s compliance-enhancing infrastructure offering. In terms of fees for the crypto compliance service, Belshe said it’s relatively cheap and varies product by product.

“There’s some amount of monthly minimum that you pay similar to what’s always been there. That’s a couple of $1,000 a month type of thing that can scale with volume,” he said. “Then clients can either go to variable-based plans, where they’re paying per transaction more, or they can use static-based plans, where they have kind of a fixed fee, and they pay less.”

Crypto PAC’s $12 million Senate candidate, Barry Moore, wins Alabama GOP primary

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Crypto PAC’s $12 million Senate candidate, Barry Moore, wins Alabama GOP primary

At the time of their most recent filings with the Federal Election Commission, the collection of related PACs had about $164 million on hand at the end of April, though they were spending at a rapid clip.

Tuesday’s result — with Moore taking almost 56% of the vote — will likely counter the industry’s setback in Illinois, where Fairshake spent more than $10 million trying to defeat Lt. Gov. Juliana Stratton, who went on to claim victory in the Democratic primary, all but guaranteeing that the next Senate would have a member who crypto interests spent heavily against. Most of Fairshake’s outcomes have been successful, though, and the latest win joins what’s shaping up as a full roster of successful primary candidates backed by the super PAC.

Moore, who was also backed by the crypto-tied Fellowship PAC, hopes to trade his seat in the U.S. House of Representatives with the Senate position held by Republican Senator Tommy Tuberville, who made a bid for governor.

Fairshake also devoted $735,000 to U.S. Representative Kevin Hern in this week’s Oklahoma Republican primary, where he won his party’s Senate nomination. Like Moore, Hern was also endorsed by President Trump.

Fairshake is mostly backed by three crypto-world contributors: Coinbase, a16z Crypto and Ripple. The PAC made a name for itself in the previous congressional campaign cycle, when it supported more than 50 pro-crypto candidates (from both major parties) who’ve participated in this session of Congress, outpacing a number of leading industry PACs and even some of the largest party organizations.

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