The Daily: Binance seeks MiCA license, what’s next for US crypto legislation, bitcoin holders realizing net losses, and more

This daily digest covers several key developments in the crypto space. Binance has applied for a Markets in Crypto-Assets (MiCA) license in Greece, aiming to leverage the EU's 'passporting' framework for unified operation across all 27 member states, following regulatory challenges in other European countries. In the US, the Senate Agriculture Committee released its crypto market structure bill text, but its passage remains uncertain due to a lack of full Democratic support and stalled efforts in the Senate Banking Committee. Onchain data from CryptoQuant indicates a significant shift, showing Bitcoin holders are realizing net losses for the first time since October 2023, mirroring patterns from the 2021-2022 transition. Other news includes 21shares launching a new Dogecoin ETF despite muted Wall Street interest in memecoin ETFs, Farcaster repaying $180 million to investors as it transitions operations to Neynar, and several firms like BitGo, Ledger, and CertiK exploring IPOs or new financial products.

(Source：The Block)