Silver traded at $78.352, down 0.21% on the day. Analysts highlighted the $80.19-$80.36 area as a major sell zone, while $78 remains an important level to watch on the downside.
Binance’s MiCA application was rejected in Greece, leaving France as its remaining route to keep broad access to the EU market. Talks with French regulators are active, but no formal filing has been made.
SG-FORGE partners with Consensys to list MiCA-compliant USDCV stablecoin on MetaMask, enabling fiat on/off-ramp, DeFi interactions, and gas fee payments. A major European bank-backed stablecoin enters a top self-custodial wallet.
The EU’s MiCA transition ends on July 1, 2026. After that, unlicensed exchanges, brokers, custodians, and wallet providers can no longer serve EU customers, while only 194 firms had been authorized by May.
SBI Funds Management listed in India on July 21 after raising about 98.13 billion rupees, roughly $1.03 billion, in an offering that was subscribed about 41.6x to 42x overall. Qualified institutional buyers were said to have subscribed about 140x. Yet the stock’s first-day gain of about 6.3% fell short of the roughly 16% grey-market premium seen before trading began. That gap is the real signal investors are parsing. The deal suggests there is still deep demand for large, high-quality Indian financial assets, but buyers are not willing to chase any valuation simply because the issuer is scarce or well known. SBI Funds Management, backed by the State Bank of India, came to market with a strong brand, stable cash flow and a clear long-term growth narrative tied to rising mutual fund penetration and SIP inflows. According to AMFI data cited in the source material, India’s mutual fund industry averaged about 84.18 trillion rupees in assets under management in June 2026, while SBI Funds Management held about 12.5 trillion rupees and roughly 15.3% market share based on quarterly average AUM through March 2026. The listing also revived debate over underwriting economics. Bloomberg and other media reports said Citigroup and JPMorgan stepped back because fees were too low, with some reports citing a roughly 0.01% fee based on anonymous sources. The broader test now shifts to whether future large IPOs, including Jio and NSE, can clear the market on similarly disciplined terms.
Circle said its French entity has received AMF approval under MiCA, allowing it to provide custody and transfer services for USDC and EURC across the European Economic Area.
Francois Villeroy de Galhau, governor of the Banque de France, urges replacing the current registration regime for crypto service providers with mandatory licensing, citing market turmoil and the need for stronger oversight.
CMC Markets Plc announces it will offer Bitcoin and Ethereum CFDs and spread-betting exclusively to professional traders, following its rivals into a volatile market facing increasing regulatory scrutiny.
