# Crypto Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Crypto", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

TRM Labs Reports MiCA Led to Liquidation of 80% of European Crypto Companies

As the transition period for the EU's Markets in Crypto-Assets (MiCA) regulation ends, the European crypto industry has entered a consolidation phase. A TRM Labs report found that MiCA has significantly streamlined the landscape: only about one-fifth (281 out of 1,343) of pre-MiCA crypto-asset service providers (CASPs) have applied for and obtained licenses under the new rules. The impact was most severe in jurisdictions with previously lighter registration requirements. None of the over 1,800 CASPs registered in Poland obtained a MiCA license, while only eight out of over 400 did in Lithuania. In contrast, early licensing jurisdictions like Germany now host a majority of licensed firms, with BaFin granting 55 licenses. TRM Labs states MiCA is achieving its goal of limiting high-risk firms' access to European customers. Among non-licensed firms, 12% were rated "High" or "Severe" risk, compared to just 2% among licensed ones. Sanctions exposure also differed sharply: unlicensed firms sent $5 billion to sanctioned counterparties, versus $1.7 billion from licensed ones. Risk exposure for delisted firms is roughly four times higher. However, MiCA has negatively impacted European access to major stablecoins, raising industry concerns. In response, the EU is planning a full review of the MiCA framework to address stablecoin issues and include tokenized assets.

cryptonews.ru08/13 20:31

TRM Labs Reports MiCA Led to Liquidation of 80% of European Crypto Companies

cryptonews.ru08/13 20:31

Swissquote Lowers Profit Forecast After Sharp Drop in Crypto Revenue

Swissquote has lowered its full-year profit and revenue forecasts following a sharp decline in cryptocurrency-related income in the first half of the year. The Swiss online banking group reported a 66.2% drop in net crypto revenue to CHF 14.6 million, while crypto trading volume fell 63.5% to CHF 2.58 billion. The company attributed the weak performance to falling prices of major digital assets like Bitcoin and Ethereum, along with a CHF 5.3 million loss on its own crypto holdings. Despite the crypto slump, other business areas provided some support. Client assets grew by nearly 20% to CHF 96.3 billion, and higher interest income helped limit the overall profit decline. However, investors reacted negatively, with Swissquote Group's share price (ticker SQN) falling 14% following the guidance revision. The company now expects full-year net revenue to be approximately CHF 730 million, about CHF 30 million lower than previous projections.

cryptonews.ru08/13 20:21

Swissquote Lowers Profit Forecast After Sharp Drop in Crypto Revenue

cryptonews.ru08/13 20:21

TVL on Robinhood Chain Approaches $100 Billion Amid Uniswap Liquidity: Standard Chartered

TVL on the Robinhood Chain is approaching $1 billion, driven by a key partnership with Uniswap that provides liquidity, according to Standard Chartered. This collaboration is helping Robinhood scale its new blockchain rapidly by leveraging Uniswap's existing DeFi infrastructure (V2, V3, and V4 versions), instead of building liquidity from scratch. The partnership has also significantly impacted Uniswap's tokenomics. Since activating a fee-redirection mechanism related to Robinhood on July 27, the burn rate for UNI tokens has roughly doubled. At an annualized rate of about $90 million, this equates to burning over 4% of the circulating supply per year at current prices. Launched on July 1 with a focus on tokenizing real-world assets, Robinhood Chain saw nearly 194,000 daily active users in its first week. This blockchain initiative is part of Robinhood's broader strategy to expand beyond traditional stock trading into areas like crypto, prediction markets, and tokenization, which has drawn positive attention from Wall Street analysts.

cryptonews.ru08/13 19:50

TVL on Robinhood Chain Approaches $100 Billion Amid Uniswap Liquidity: Standard Chartered

cryptonews.ru08/13 19:50

Crypto Industry Backs Custodia in Supreme Court Dispute with Fed

The Blockchain Association has urged the U.S. Supreme Court to consider crypto bank Custodia's lawsuit against the Federal Reserve. The suit stems from the Fed's denial of Custodia's application for a master account, which would grant the crypto-focused, Wyoming-chartered bank direct access to the Fed's payment system. In an amicus brief, the association argued that federal law compels the Fed to provide payment services to eligible non-member banks and that the Fed should not have broad discretion to deny access. It linked the case to alleged "Operation Choke Point 2.0" efforts to cut off crypto firms from banking services. An appeals court previously ruled the Kansas City Fed had the right to reject Custodia's 2020 application. This legal battle occurs as other crypto firms gain greater access to the U.S. banking system. Notably, Kraken Financial recently secured a limited-purpose master account from the same Kansas City Fed, while companies like Coinbase, Circle, Ripple, and others have received or applied for trust bank charters from the OCC. Traditional banking groups have opposed some of these moves, arguing crypto firms seek banking benefits without full regulatory burdens.

cryptonews.ru08/13 19:46

Crypto Industry Backs Custodia in Supreme Court Dispute with Fed

cryptonews.ru08/13 19:46

5000x From $0.002? Experts Explain Why BlockDAG Could Outperform ETH & SOL Over the Long Term

Amidst a stagnant crypto market, BlockDAG emerges as a distinct contender. While Ethereum's price lingers around $1,913, far from its peak, and Solana ETF inflows remain slow and range-bound, BlockDAG presents a unique presale opportunity. With a current Stage 1 price of $0.002 against a documented $0.10 launch reference, a 50x gap exists before its exchange debut. Its ecosystem, including a mining app and a planned exchange, is already being built, supported by a $100 million liquidity plan and no insider dilution. This structure leads experts to suggest BlockDAG could offer outsized, long-term growth potential compared to the more established but currently sluggish Ethereum and Solana.

TheNewsCrypto08/13 19:21

5000x From $0.002? Experts Explain Why BlockDAG Could Outperform ETH & SOL Over the Long Term

TheNewsCrypto08/13 19:21

Will Bitcoin's History Repeat? 'A Signal Observed 19 Times Has Arrived, Potential Two-Level Increase Possible!'

Despite Bitcoin's volatility dropping to one of its lowest levels in recent years, DeFi researcher Sherlock noted that such historical "squeezes" have often preceded significant price swings. According to Sherlock's data, Bitcoin's 14-day trading range has narrowed to a level tighter than 99.5% of historical data. He identified 19 past independent periods with similarly compressed volatility, and in each case, Bitcoin's price moved at least 12.5% within the following 45 days. The median maximum price change in those examples was 21.5%, while the average was 27.9%. The current squeeze began on July 16, with Bitcoin priced at $63,830. If historical patterns hold, Bitcoin could reach either $71,809 or $55,851 by August 30, representing an approximate 12.5% move. However, Sherlock cautioned that the data offers no clear directional bias. Of the 19 prior consolidation periods analyzed, Bitcoin initially broke upward in 9 instances and downward in 10. Therefore, while the low volatility increases the likelihood of a strong price movement, its direction cannot be reliably predicted from this historical precedent.

cryptonews.ru08/13 19:10

Will Bitcoin's History Repeat? 'A Signal Observed 19 Times Has Arrived, Potential Two-Level Increase Possible!'

cryptonews.ru08/13 19:10

CFTC to join SEC in exploring crypto regulations without CLARITY bill

The CFTC announced a committee meeting for August 20th to advise on cryptocurrency regulation, among other topics, in the absence of new congressional legislation, specifically referencing the stalled CLARITY Act. The SEC has scheduled a similar meeting to discuss tailored rules for crypto investment contracts, stating it will act within its existing authority while supporting congressional efforts. This comes as the CFTC currently operates with only one confirmed commissioner, prompting calls for the president to fill the vacancies.

cointelegraph08/13 18:30

CFTC to join SEC in exploring crypto regulations without CLARITY bill

cointelegraph08/13 18:30

Companies have begun tokenizing metals - even those not yet mined

In 2026, mining and tech companies are increasingly launching tokens backed by metals like gold, copper, uranium, nickel, and cobalt to attract crypto investors to the commodities market, reports the FT. These tokenization projects aim to simplify retail investor access to physical metals, allow crypto capital to diversify through real-world assets (RWA), and create a new funding mechanism for mining projects. This trend aligns with the broader adoption of blockchain in traditional finance. However, the tokenized metals market is still nascent. For example, the total value of gold ETFs was around $530 billion last month, while the two largest gold-backed tokens had a combined market cap of only about $4.6 billion. Proponents argue blockchain simplifies access to commodities. Platform Metals.io has issued tokens for uranium, nickel, and cobalt, which can be exchanged for physical metal under certain conditions. Some firms, like Datavault AI, are even tokenizing metals not yet mined, using a model compared to futures contracts. The growth occurs alongside a general RWA expansion, with the total market cap exceeding $43 billion. Yet, risks persist. Challenges include investors needing to understand the origin and quality of physical metals, market fragmentation with tokens traded on different platforms, and a lack of interoperability. Experts warn the market is in early stages but believe blockchain's ability to record information will drive eventual widespread adoption.

cryptonews.ru08/13 16:16

Companies have begun tokenizing metals - even those not yet mined

cryptonews.ru08/13 16:16

Left Hand PYUSD, Right Hand Open USD: PayPal's Stablecoin Risk 'Hedging'

PayPal's Q2 2026 earnings report exceeded revenue and EPS expectations, with Total Payment Volume up 10% year-over-year. However, GAAP operating margin declined, partly due to a net loss attributed to crypto asset investments. The company reorganized, placing its PYUSD stable币 within a new "Payment Services & Crypto" division, signaling its integration into core merchant offerings. Despite an initial expansion to 70 markets and a supply peak of $4.2 billion in March, PYUSD's circulating supply subsequently contracted by 31% to approximately $2.7 billion by quarter's end. While PayPal promotes PYUSD as a foundational infrastructure for global, commerce-first payments and has expanded its multi-chain presence, its market share remains a fraction of leaders like USDC. Adding complexity, PayPal is also a signatory to the upcoming Open USD initiative—a consortium-backed stable币 with a governance and revenue-sharing model distinct from single-issuer models like PYUSD. This dual positioning reflects strategic hedging. The key challenge for PYUSD is proving it can generate sustained, organic demand beyond initial incentives to avoid its current supply level becoming a permanent ceiling.

marsbit08/13 13:36

Left Hand PYUSD, Right Hand Open USD: PayPal's Stablecoin Risk "Hedging"

PayPal recently released its Q2 2024 earnings, reporting revenue of $8.68 billion and a Total Payment Volume of $486.4 billion, both exceeding market expectations. However, GAAP profit margins declined year-over-year, with the company attributing an $81 million net loss partly to strategic investments and crypto assets. The report highlighted the strategic role of its PYUSD stablecoin, now positioned as a "major enabler" for the PayPal World platform and integrated into a newly formed "Payment Services & Crypto" business unit. PayPal aims to launch more merchant products powered by PYUSD and AI-driven "agentic payments," focusing on mainstream consumer and business use cases. Despite this strategic push and expansion to over 70 markets and nine blockchains, PYUSD's circulating supply has contracted significantly. After peaking around $4.2 billion in March 2024, its supply fell approximately 31% to roughly $2.7 billion by the end of Q2, indicating a gap between its broad integration narrative and actual sustained user demand post-incentives. The competitive landscape is evolving with the announcement of Open USD, a consortium-backed stablecoin project with over 140 partners including Visa, Mastercard, and Stripe. Unlike PYUSD's single-issuer model, Open USD proposes a shared revenue and governance model among its participants. Notably, PayPal itself is a signatory to the Open USD initiative, suggesting a hedging strategy where it continues developing PYUSD while securing a potential stake in an alternative industry-standard model. PayPal's challenge is to convert PYUSD's established distribution network into organic, subsidy-independent usage. If unsuccessful, its current supply level may represent a peak, especially as competition intensifies from established giants like USDC and new structural paradigms like Open USD.

Odaily星球日报08/13 13:29