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Crypto

EU mulls expanding MiCA to cover stablecoins issued by non-EU firms

The European Union is reported to be considering revising its Markets in Crypto-Assets regulation, or MiCA, to extend its scope to stablecoins issued by non-EU companies. The discussion is aimed at clarifying regulatory standards for U.S.-issued stablecoins within EU member states following U.S. stablecoin legislation. The EU is also considering adding MiCA rules covering tokenised payments and deposits, with the proposed amendments expected to be reviewed in 2027.

Crypto

Shiba Inu holders top 1.67 million in dispute over 'fake spread' in community

The number of Shiba Inu wallets holding SHIB has climbed above 1.67 million, but a dispute has erupted over whether the recent increase reflects genuine user growth. A community member said verified smart contracts tied to WoofSwap create new Ethereum addresses and send small amounts of SHIB, which tracking sites count as holder wallets. WoofSwap rejected the claim, calling it a light experiment for the community.

Crypto

Charles Hoskinson stays confident in Cardano long-term outlook despite ADA slump; "It goes to $3.10"

Charles Hoskinson reaffirmed confidence in Cardano's long-term outlook despite ADA's recent weakness. He said short-term price moves do not determine a project's technology and noted ADA has previously surged and plunged, rising from $0.025 to $3.10 in 2021 before a sharp correction. He said Cardano's strength lies in its development philosophy. Hoskinson also pointed to Midnight and Cardano's RealFi testnet phase 1 as key steps.