SoSoValue Crypto Daily | Market Sees Broad Pullback; European Union Considers MiCA Regulation Expansion

SoSoValue Crypto Daily | El mercado experimenta una amplia retirada; la Unión Europea considera la expansión de la regulación MiCA

SoSoValue Crypto Quotidien | Le marché connaît un repli généralisé ; l'Union européenne envisage d'étendre la réglementation MiCA

SoSoValue Crypto Daily | 市場は広範な下落を記録、欧州連合はMiCA規制の拡大を検討

SoSoValue 암호화폐 데일리 | 시장 전반에 걸친 조정세 관찰; 유럽연합, MiCA 규제 확대 검토 중

SoSoValue Crypto Daily | Mercado registra recuo generalizado; União Europeia considera expansão da regulamentação MiCA

SoSoValue Crypto Daily | Рынок демонстрирует широкий откат; Европейский союз рассматривает расширение регулирования MiCA

SoSoValue 加密貨幣日報 | 市場普遍回調；歐盟考慮擴大 MiCA 法規的適用範圍

SoSoValue Kripto Günlüğü | Piyasa Geniş Bir Geri Çekilme Yaşıyor; Avrupa Birliği MiCA Düzenlemesinin Genişletilmesini Değerlendiriyor

SoSoValue Crypto Daily | Thị trường chứng kiến đợt điều chỉnh rộng rãi; Liên minh Châu Âu cân nhắc mở rộng quy định MiCA

SoSoValue 加密货币日报 | 市场普遍回调；欧盟考虑扩大 MiCA 法规适用范围

The crypto market cap fell 2.0% to $2.22T, with Bitcoin down 2.2% to $62,100 and Ethereum off 2.5%, as all sectors declined and DeFi led losses at 6% while others fell 1–4%. The European Commission is weighing an expansion of MiCA to include tokenized assets and foreign stablecoins, creating short-term uncertainty but aiming for a fuller RWA framework that could attract institutions while adding compliance costs for non-EU issuers and risking fragmentation or stricter standards. India’s RBI reaffirmed a push to bar banks and financial institutions from holding or trading crypto, likely squeezing market access and pushing activity to P2P and offshore venues, with higher systemic risk for domestic firms. VC firm Paradigm raised a $1.2B fund and broadened its mandate to AI and robotics alongside crypto, indicating strong frontier-tech appetite but a shift away from purely crypto bets and toward cross-disciplinary plays. Corporate Bitcoin holder Strategy sold 3,588 BTC for about $216M, its largest disposal yet, raising questions about recurring sales to manage its capital structure. Block Inc. agreed to pay $45M to U.S. states over allegations it misled Cash App users about security and failed on fraud protections. BNB Chain announced a new Layer 1 for agentic trading targeting sub-50 ms transaction speeds and a 2027 mainnet to rival centralized exchange performance. Binance Wallet integrated Plume’s nBASIS yield vault, giving users on-chain access to tokenized funds from Invesco and Bitwise. Kraken parent Payward won a $22M arbitration award against former auditor Mazars USA for abandoning an audit during the Operation Choke Point 2.0 crackdown.

Market Update
The total cryptocurrency market capitalization fell by 2.0% to $2.22 trillion. Bitcoin experienced a 2.2% decline, bringing its price to $62,100, while Ethereum dropped by 2.5%. All market sectors were down, with the DeFi sector seeing the most significant loss at 6%, while other sectors posted declines between 1% and 4%.
EU Considers Expanding MiCA Framework to Cover Tokenization and Foreign Stablecoins
Just as its landmark Markets in Crypto-Assets (MiCA) regulation has come into full effect, the European Commission is already exploring revisions to expand its scope. The proposed updates would address the rapidly growing tokenized asset market and the influence of stablecoins issued outside the EU. For investors, this signals a period of short-term regulatory uncertainty but points toward a long-term goal of creating a more comprehensive legal framework for Real World Assets (RWAs), which could attract significant institutional capital. For non-EU stablecoin issuers, this move could introduce new compliance hurdles and operational costs to access the European market, potentially leading to market fragmentation or forcing issuers to adopt stricter EU standards.
India's Central Bank Reaffirms Push to Ban Banks from Crypto
The Reserve Bank of India (RBI) is reinforcing its restrictive stance by seeking to prohibit banks and financial institutions from holding or trading crypto assets. This policy would severely limit market access and institutional investment in India, one of the world's largest crypto markets by user base. For investors and businesses in the region, this move amplifies the already high regulatory risk. The proposed ban could push more transaction volume to unregulated peer-to-peer networks and offshore exchanges, increasing systemic risk while hampering the growth of compliant domestic enterprises.
VC Firm Paradigm Raises $1.2 Billion Fund, Expands Scope Beyond Crypto
Prominent venture capital firm Paradigm has successfully raised a new $1.2 billion fund with an expanded investment mandate that now includes AI and robotics alongside its core crypto focus. This diversification reflects a broader trend among major crypto VCs and signals a shift in the venture landscape. While the fund's size confirms strong investor appetite for frontier technology, the expanded scope suggests that VCs may perceive the most compelling growth opportunities are no longer confined to crypto alone. This could result in increased competition for a more limited pool of purely crypto-focused capital, while simultaneously encouraging investment in projects at the intersection of blockchain and other emerging technologies.
Strategy Sells Bitcoin to Meet Obligations
Corporate Bitcoin holder Strategy sold 3,588 BTC for approximately $216 million, its largest sale to date, prompting analyst focus on whether such sales will become a recurring necessity to manage its capital structure.
Block Inc. to Pay $45 Million in Settlement Over Cash App Security
Block Inc., owner of Cash App, has agreed to a $45 million settlement with U.S. states over allegations it misled users about the app's security and failed to provide adequate fraud protection.
BNB Chain Announces New High-Speed Layer 1 for Trading
BNB Chain is developing a new Layer 1 blockchain specifically designed for agentic trading, targeting sub-50-millisecond transaction speeds and a 2027 mainnet launch to rival centralized exchange performance.
Binance Wallet Integrates Tokenized TradFi Funds via Plume
Binance Wallet has integrated Plume's nBASIS yield vault, enabling its users to gain on-chain exposure to tokenized investment funds managed by traditional finance firms Invesco and Bitwise.
Kraken Awarded $22 Million in Arbitration Against Former Auditor
Kraken's parent company, Payward, won a $22 million arbitration award against its former auditor, Mazars USA, after the firm was found to have wrongfully abandoned an audit during the "Operation Choke Point 2.0" regulatory crackdown.