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Coinbase, OKX step up sign-up bonuses after Binance limits EU services

Coinbase and OKX are stepping up efforts to attract European users after Binance announced it would limit services in the European Union because it does not have a MiCA licence. Coinbase CEO Brian Armstrong offered sign-up bonuses to users in several European countries and said the company would give a 5 percent bonus to users who transfer funds by July 13. OKX announced a welcome campaign including up to an 8 percent deposit-matching bonus.

Crypto

Aave founder denies report of Kraken talks to buy Aave stake

Aave founder Stani Kulechov denied a report that Kraken parent Payward is negotiating to acquire a 15 percent stake in Aave for $385 million, The Block reported on June 26. Kulechov said on X that he would not sell Aave at a 70 percent discount. He did not rule out a sale of some AAVE tokens held by Aave Labs and said discussions had taken place with market participants about direct or indirect purchases and deeper long-term partnerships.

Crypto

Ethereum \'Glamsterdam\' upgrade enters final stage as devnet testing begins

Ethereum developers have entered the final stages of work on the next major upgrade, dubbed “Glamsterdam,” and have begun devnet testing that includes the full set of Ethereum Improvement Proposals. Ethereum Foundation core developer Parithosh Jayanthi said the devnet work is the last step before testnet stabilisation and deployment, though an exact activation date has not been set. The upgrade is expected in the second half of this year.