Scan to download
BTC $62,529.00 +0.03%
ETH $1,664.44 +0.32%
BNB $575.63 +0.40%
XRP $1.08 -2.13%
SOL $68.89 -0.43%
TRX $0.3309 +0.52%
DOGE $0.0782 -1.49%
ADA $0.1471 -4.33%
BCH $192.00 +0.38%
LINK $7.54 -0.91%
HYPE $61.87 -1.61%
AAVE $75.81 +3.68%
SUI $0.6999 -0.08%
XLM $0.1900 -1.48%
ZEC $414.01 -2.54%
BTC $62,529.00 +0.03%
ETH $1,664.44 +0.32%
BNB $575.63 +0.40%
XRP $1.08 -2.13%
SOL $68.89 -0.43%
TRX $0.3309 +0.52%
DOGE $0.0782 -1.49%
ADA $0.1471 -4.33%
BCH $192.00 +0.38%
LINK $7.54 -0.91%
HYPE $61.87 -1.61%
AAVE $75.81 +3.68%
SUI $0.6999 -0.08%
XLM $0.1900 -1.48%
ZEC $414.01 -2.54%

x

All
Article
Flash

Reuters: Binance says it will not exit Europe and will seek other EU operating licenses

According to a report by Reuters, Binance's head for Europe and the UK, Gillian Lynch, stated that despite setbacks in its attempt to apply for a European Union cryptocurrency operating license in Greece, Binance still plans to remain in the EU and will seek to obtain local operating permits again.Lynch said, "Binance will not leave Europe." She mentioned that Binance may just need to obtain authorization through different paths, and if not in Greece, the company will look for other alternatives. Binance currently has only one week left before its existing European operating license expires, and if it cannot obtain a new license, it may need to gradually shut down its EU operations.Two informed sources said that Binance had communicated with regulators in Ireland, Latvia, and Greece, but faced resistance in all three countries. The sources indicated that regulatory officials were concerned about Binance's past penalties related to money laundering issues, its complex international structure, and what they perceive as a risk-seeking culture. Lynch stated that Binance is unclear why it was not approved, as it previously believed that the Greek regulators planned to issue licenses.She also mentioned that Binance has contacted four or five regulatory agencies but only submitted a formal application to Greece. Regarding Binance's past issues, Lynch stated that the company has invested in compliance and internal controls, hiring about 1,500 compliance personnel, and claimed that there are no unresolved issues with its license application.

Data: In 2026, the total locked value in DeFi decreased by 39%, while TRON and Hyperliquid experienced counter-trend growth

CryptoRank's latest report shows that the total value locked (TVL) in DeFi has declined for six consecutive months, dropping from approximately $115 billion in January 2026 to about $70 billion currently, with a cumulative decline of 39% this year, reflecting the ongoing adjustment following the peak of the crypto market in 2025.Data indicates that since 2026, there have been 121 security incidents in the DeFi sector, resulting in total losses of approximately $942 million. Among these, 85 attack incidents occurred in the second quarter, with losses of about $775 million, making it one of the most frequently attacked quarters on record. The attacks on Drift Protocol ($295 million) and KelpDAO ($293 million) in April accounted for more than half of the annual losses.Among the top ten public chains by TVL, only TRON and Hyperliquid achieved positive growth. Specifically, TRON's TVL increased by about 5% this year, mainly supported by USDT transfers, stablecoin settlements, and lending demand; Hyperliquid grew by approximately 6.7%, benefiting from its leading position in the on-chain perpetual contract market and the expansion of the HyperEVM ecosystem.However, the report points out that this round of the DeFi downturn is significantly milder than the cycle from 2021 to 2022. During that year, DeFi TVL plummeted by over 70% within seven months, whereas current funds are increasingly flowing into stablecoins, RWA, derivatives, and infrastructure sectors, indicating a more diversified and mature market structure compared to the previous cycle.

SK Hynix's financing in the U.S. may exceed Alibaba's to become the largest in history, with ADR financing up to 29 billion dollars

South Korean memory chip giant SK Hynix plans to raise up to 45 trillion won (approximately 29 billion USD) by issuing American Depositary Receipts (ADRs) in New York, with the related transaction set to start in July. If successful, this financing scale will surpass Alibaba's 25 billion USD IPO in 2014, becoming one of the largest overseas equity financing projects in the history of South Korean companies, and approaching historical records in the global capital market.According to the plan, SK Hynix will first issue shares in South Korea, then deposit the relevant shares into a South Korean securities depository as the underlying securities for the ADRs. South Korean regulators are expected to complete the review by July 3. The raised funds will primarily be used for the construction of the Yongin semiconductor cluster in South Korea and a factory in Indiana, USA, as well as the purchase of EUV extreme ultraviolet lithography equipment to support the expansion of advanced storage capacity related to AI. Citigroup, JPMorgan Chase, Goldman Sachs, and Bank of America have been selected as the lead underwriters.SK Hynix's confidence in this U.S. financing stems from its strong position in the AI industry chain. As a leading company in the global high bandwidth memory (HBM) sector, the company is a core supplier of AI accelerator chips for NVIDIA. Driven by AI demand, its stock price has increased by over 300% this year. CEO Lee Seok-hee stated that the company hopes to leverage the U.S. capital market to enhance its global influence and achieve a valuation level comparable to other AI hardware companies.
app_icon
ChainCatcher Building the Web3 world with innovations.