WuBlockchain’s daily crypto news roundup led with a Bloomberg report saying Binance is still serving some European Union clients without a MiCA license.
Bloomberg says Binance still serves some EU clients without MiCA authorization
According to Bloomberg, citing people familiar with the matter, Binance has maintained business with some EU clients through measures including “reverse solicitation” despite not yet obtaining a Markets in Crypto-Assets, or MiCA, license.
The people said Binance interpreted the relevant terms to mean it could continue accepting EU users who registered on their own rather than through marketing solicitation, and routed some trades from EU clients to an Abu Dhabi entity.
The report added that Binance had previously withdrawn its MiCA license application in Greece and said it would instead seek authorization in another EU member state.
Binance said it is actively pursuing MiCA approval and is committed to long-term compliant operation of its EU business.
ZEC jumps about 20% in 24 hours
Zcash (ZEC) rose about 20% over the past 24 hours and briefly climbed to around $1,023 intraday. Its market capitalization stood at about $16.96 billion, lifting it to the No. 10 spot among crypto assets.
WuBlockchain’s roundup said ZEC was up about 94% over the past 30 days and more than 2,300% over the past year. Futures open interest reached about 2.3 million ZEC, worth roughly $2.3 billion.
Roughly $36.6 million in leveraged ZEC positions were liquidated in the past 24 hours, including about $34.5 million in short positions.
Trezor says scope of ShipMonk data leak has widened
Hardware wallet maker Trezor said the impact of an earlier data breach involving its logistics provider ShipMonk has expanded, with another roughly 67,000 US customers affected.
Those customers placed orders between November 2019 and August 2021. The exposed data included names, email addresses, phone numbers, shipping addresses and order numbers.
Trezor said it had previously received multiple written confirmations from ShipMonk stating that the relevant data had been deleted in line with contractual and data policy requirements, but the data had in fact remained in ShipMonk’s systems.
Trezor said its own systems were not breached and its hardware wallet devices remain safe. The company also warned affected users about phishing emails, scam calls, fraudulent letters and possible physical security risks.
Coinbase moves ahead with US single-stock perpetual futures plan
Coinbase said it is moving ahead with plans to launch single-stock perpetual futures in the United States and filed SEC notice registrations this week for its derivatives exchange and brokerage business.
The company said it will work with the US Securities and Exchange Commission and the Commodity Futures Trading Commission to bring more financial products onshore in the US.
Solana mainnet activates first rent reduction step
Anza, a Solana development team, said on X that Solana mainnet has activated the first stage of SIMD-0437, cutting storage rent unit costs from 6960 lamports per byte to 6333 lamports per byte.
The proposal has five stages in total. Later stages would gradually lower the cost to 696 lamports depending on state growth. If state growth causes problems, SIMD-0438 could restore the previous rate.
Polymarket launches perpetual contracts
Polymarket said it has officially launched perpetual contracts, supporting trading in cryptocurrencies, stocks and commodities with leverage of up to 20x.
Guangzhou court rules on virtual currency lending dispute
In Guangzhou, a man lent one unit of virtual currency to a friend under an agreement that it would be returned two days later. After the borrower failed to return it on time, the lender sued and asked either for the virtual currency back or compensation based on the market price.
The Guangzhou Intermediate People’s Court ruled that the virtual currency lending agreement was invalid. It did not support repayment of the virtual currency itself or compensation calculated at market price. The court said virtual currency still qualifies as online virtual property, and the borrower should compensate the lender for property losses. It ultimately awarded damages based on the lender’s purchase cost of that coin, setting compensation at 199,600 yuan.