Binance is looking for a new EU licensing path after withdrawing its MiCA licence application in Greece shortly before its current permission expires. The exchange now faces an authorization deadline as it prepares to apply in another EU member state. The move comes as the MiCA transition period approaches its end, tightening the timeline for firms operating without full approval.

Crypto firms serving clients across the European Economic Area risk being forced to halt services if they do not obtain authorization under the Markets in Crypto-Assets Regulation (MiCA) before enforcement begins. Regulators have ruled out any extension. That leaves more than 1,200 previously registered firms a short runway to comply, as only a small number have received full approval.

Cboe is launching prediction market-style binary options linked to the Mini-S&P 500 Index, scaled to one-tenth the S&P 500 benchmark. The contracts let traders take yes-or-no positions through broker platforms including Interactive Brokers. At settlement, payouts are fixed at $100 or $0 depending on the outcome.

Crypto markets faced tighter liquidity conditions after the Federal Reserve held rates steady while signaling heightened inflation concerns. Wintermute said a more restrictive stance could slow liquidity entering crypto via ETFs, stablecoins and DATs. Fed projections also showed the median 2026 rate outlook moving higher, and markets repriced expectations for a December hike to about 77%.

An analysis found that several altcoins saw heavier exchange outflows than inflows, a pattern often linked to accumulation. In contrast, a group of larger cryptocurrencies recorded stronger inflows, pointing to different positioning across the market. The split was highlighted in CryptoQuant’s June 23 review of Gate netflows.

Ripple said it has received preliminary approval under the EU’s Markets in Crypto Assets (MiCA) regime for a Crypto Asset Service Provider license, a step that could allow it to expand regulated services across all 30 countries in the European Economic Area. The authorization positions the company to broaden its regulated offering across the region, according to Ripple.

XRP held near $1.10 after a sharp drop, as bearish signals and broader market pressure weighed on sentiment while long liquidations amplified losses. At 12:44 p.m. EDT on June 23, XRP traded at $1.09976, down 3.22% over the past 24 hours. The token remained close to the session low of $1.09084 after retreating from a 24-hour high of $1.14288.

Under an executive order signed by President Donald Trump, federal agencies must transition high-value assets and high-impact systems to post-quantum cryptography by 2031. The directive sets deadlines of Dec. 31, 2030, for key establishment and Dec. 31, 2031, for digital signatures. It also requires agencies to appoint migration leads, update procurement rules, and coordinate with critical infrastructure sectors to address quantum-related security risks.

Bitcoin’s futures market saw a sharp leverage reset as BTC open interest fell 19.5%, a larger drop than the price decline. Open interest slid from $26.0 billion to $20.89 billion, suggesting traders cut exposure and shifted attention toward spot demand. The move has fueled debate over whether any next leg higher can be driven more by spot buying than derivatives positioning. Cryptoquant shared the open-interest figures on June 22.