BTC $64,230.51 +1.29%
ETH $1,903.02 +0.76%
BNB $568.65 +0.12%
XRP $1.07 +2.18%
SOL $73.45 +0.33%
TRX $0.3267 +0.55%
DOGE $0.0704 +0.60%
ADA $0.1636 +3.68%
BCH $211.04 -1.04%
LINK $8.33 +0.15%
HYPE $55.07 +1.51%
AAVE $98.00 -0.22%
SUI $0.6871 +0.50%
XLM $0.1739 +1.59%
ZEC $459.90 -0.96%
BTC $64,230.51 +1.29%
ETH $1,903.02 +0.76%
BNB $568.65 +0.12%
XRP $1.07 +2.18%
SOL $73.45 +0.33%
TRX $0.3267 +0.55%
DOGE $0.0704 +0.60%
ADA $0.1636 +3.68%
BCH $211.04 -1.04%
LINK $8.33 +0.15%
HYPE $55.07 +1.51%
AAVE $98.00 -0.22%
SUI $0.6871 +0.50%
XLM $0.1739 +1.59%
ZEC $459.90 -0.96%

try

All
Article
Flash

With the implementation of MiCA, the European crypto industry is facing a "major reshuffle": high regulatory thresholds may trigger a new wave of mergers and acquisitions

The EU's Markets in Crypto-Assets Regulation (MiCA) competition phase is coming to an end, but the real challenges for businesses are just beginning. The high costs of maintaining a compliant operational system may change the landscape of the European crypto industry. In the future, the focus of industry competition may shift from "who can obtain a license" to "who has the capacity to bear regulatory costs," driving companies to achieve scalable development through mergers, joint ventures, or partnerships with banks.As MiCA gradually takes effect and the UK's crypto regulatory framework is about to take shape, the European crypto industry is entering a new phase of consolidation. Industry insiders believe that high regulatory standards may spur a new wave of mergers and acquisitions, and cooperation between crypto-native companies and traditional financial institutions will deepen further. This trend in the UK market may be even more pronounced. The UK's Financial Conduct Authority (FCA) is developing a new regulatory framework for crypto assets, which is expected to incorporate crypto businesses into the existing financial services regulatory system, subjecting them to capital, operational, and customer asset protection requirements similar to those faced by traditional investment institutions.Steven Lightstone, a partner at Morgan Lewis's London office and co-head of the global fintech team, stated that the FCA aims to promote market competition and support new entrants, but its regulatory standards will be very strict when it comes to consumer protection. Unlike the EU's independently operating MiCA framework, the UK approach will directly utilize the existing financial regulatory system to manage crypto businesses. Meanwhile, the increase in regulatory certainty is driving European banks to accelerate their entry into the digital asset space. Sygnum Europe CEO Simon Schneider noted that currently, less than 20% of banks in Europe offer crypto-related services, indicating a significant market gap. The greatest value of MiCA is not just in creating a new licensing system, but in providing legal certainty for financial institutions to enter the digital asset market.He pointed to Switzerland as an example, where after the introduction of regulations on distributed ledger technology, most large Swiss banks began offering digital asset services, a path that may be replicated in other parts of Europe in the future. In the future, banks may not necessarily replace crypto-native companies but are more likely to rely on specialized infrastructure service providers to collaborate in areas such as custody, brokerage, staking, and asset tokenization. As companies that fail to obtain MiCA licenses gradually exit the European market, assets may further concentrate among regulated entities. However, Schneider believes that self-custody models and institutional custody models will continue to coexist in the long term. Industry insiders believe that the European crypto industry is entering a "regulation-driven consolidation cycle." For crypto startups that previously relied on rapid innovation and asset-light models, the core competitiveness in the future may no longer be just technological speed, but compliance capability, capital scale, and the ability to integrate financial infrastructure.

Jensen Huang: The semiconductor industry may need to expand to ten times its current size in the next 10 years

NVIDIA CEO Jensen Huang stated in a Bloomberg podcast interview that South Korea is in a "golden era," and its semiconductor and industrial capabilities can help build AI infrastructure globally. NVIDIA has reached multiple collaborations with SK Group, and the scale of their future business exchanges in areas such as storage procurement, AI supercomputers, and data center construction will exceed $500 billion. NVIDIA will purchase a large number of storage chips from SK Hynix for several consecutive years and will work together to advance the technology roadmap from HBM2, HBM3, HBM3E, HBM4, HBM4E to subsequent products.Meanwhile, SK Telecom plans to expand its AI cloud infrastructure to a maximum of 2 gigawatts soon, and NVIDIA will sell supercomputers to it. The cooperation between the two parties includes both NVIDIA's procurement of storage and SK Group's procurement of AI infrastructure.Jensen Huang believes that as AI entities and robots begin to use computers on a large scale, chip demand will no longer be driven solely by human users. In the next approximately 10 years, the global semiconductor industry scale may need to expand to 10 times its current size. Currently, resources such as HBM storage, land, electricity, and data center construction are all under tight conditions; the industry may be capable of doubling its capacity each year, but faster expansion will be very difficult. The entire industry may be able to double its supply scale each year, but land, electricity, and factory space cannot expand as quickly as consumer electronics, so the construction of AI infrastructure may continue to progress at a limited pace over the next 10 years.Regarding the AI competition between China and the United States, Jensen Huang stated that both countries have excellent AI researchers. Although resources, conditions, and restrictions differ, both will continue to drive advancements in AI technology. The number of AI researchers trained in China each year may exceed the total in other regions of the world, and the United States still needs to continue learning, collaborating, and maintaining competition.

hot_img ICBC has completed the first cross-border payment of the new digital RMB on the "Digital Currency Reach" platform in the country, with an amount close to 10 million yuan

The Shanghai Branch of Industrial and Commercial Bank of China (ICBC) has collaborated with ICBC Singapore Branch to successfully implement the country's first cross-border payment business between China and Singapore based on the digital renminbi cross-border settlement comprehensive service platform "Digital Currency Express" (CBETS). This transaction, involving nearly ten million yuan in import shipping fees, was fully paid using digital renminbi, with funds arriving in the Singapore recipient's account on the same day, achieving "zero time difference" and "high transparency" in cross-border fund transfers. The service targets subsidiaries of central enterprise group trade platforms that regularly need to procure iron ore from abroad and pay for shipping fees, with high frequency and large amounts of cross-border settlements."Digital Currency Express" is a cross-border settlement infrastructure built by the International Operation Center of Digital Renminbi under the guidance of the People's Bank of China's Digital Currency Research Institute. Overseas participants can access services through the Hong Kong access point "One Point Access", compatible with both centralized and blockchain systems, and the message standards comply with ISO20022. On June 16, 2026, the first batch of 26 financial institutions signed direct participant service agreements. This business marks a significant breakthrough for ICBC in leveraging the infrastructure of the International Operation Center of Digital Renminbi to establish an integrated cross-border clearing system for domestic and foreign branches, achieving comprehensive coverage of two-way digital renminbi payment and receipt services with Singapore and Laos.
app_icon
ChainCatcher Building the Web3 world with innovations.