Welcome to the 18th issue of mb.insider. Every week, we break down key updates on the crypto market and the mb.io ecosystem. No noise. Just what matters. As an Insider, you get this news first!
Company updates
MultiBank Group and mb.io at Money Expo Abu Dhabi
We’re heading to Abu Dhabi. MultiBank Group and mb.io will be at Money Expo, Booth 4, on July 8 and 9. If you’re in the region and curious about FX, CFDs, or crypto, come by and talk to the team in person.
Market updates
July 1: MiCA is now law across the EU
Today is the deadline. The EU’s MiCA transitional period has expired across all 27 member states, and any crypto exchange operating without a full license is now in breach of EU law and must cease operations.
We broke down what MiCA means for you and the broader EU crypto market.
The market at a glance
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BTC: ~$61,500
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ETH: ~$1,700
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XRP: ~$1.1
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SOL: ~$80
Fear & Greed sits at 16, Extreme Fear, unchanged from yesterday and sharply down from 50 just one week ago. Bitcoin ETF outflows hit $4.06 billion in June, the largest monthly redemption since these products launched.
BTC is testing the $58,000 range, a level that held as support through much of 2024. Institutions are still buying. Strategy added another 520 BTC this week, and Strive purchased 759 BTC for $50 million. Retail is selling. Institutions are accumulating. This story keeps repeating.
That’s all for this week. See you next week!
