Singapore issues June 30 deadline to crypto firms serving international clients without DTSP license

The Monetary Authority of Singapore (MAS) instructed all local crypto firms without a DTSP license to stop serving overseas clients by June 30, 2025. The regulator also said no transitional period will be allowed, and non-compliance will lead to penalties. The MAS announced on May 30 that it will publish the commencement notification for the … Read more

TradFi giant and FTSE-listed IG launches retail crypto trading in UK with Uphold tomorrow

IG Group will allow retail investors in the United Kingdom to trade 38 cryptocurrencies on its multi-asset platform from Tuesday, June 3, becoming the first London-listed broker to offer spot tokens. The firm’s integration relies on a partnership with digital-asset exchange Uphold, which will provide custody and execution services. The Financial Services Compensation Scheme does … Read more

Crypto ETPs keep $10.9 billion inflows in the past 7 weeks

Cryptocurrency investment products maintained their multi-week inflow streak last week despite significant selling pressure stemming from Bitcoin’s drop to $103,000. Global crypto exchange-traded products (ETPs) recorded $286 million of inflows in the week ending May 30, bringing a seven-week run of inflows to $10.9 billion, CoinShares reported on June 2. Despite the inflows, total assets … Read more

Singapore imposes June 30 deadline for crypto firms offering overseas services

Singapore’s central bank has set a strict deadline of June 30 for local crypto service providers to stop offering digital token (DT) services to overseas markets. The directive comes from the Monetary Authority of Singapore’s (MAS) response to industry feedback on its proposed regulatory framework for Digital Token Service Providers (DSTPs) under its Financial Services … Read more

Bitopro exchange hit by $11.5M outflows in potential exploit

Taiwan-based cryptocurrency exchange BitoPro appears to have suffered a security incident after more than $11.5 million in crypto was drained from its hot wallets on May 8. The suspicious transactions, which occurred across hot wallets on Ethereum, Tron, Solana and Polygon, saw asset outflows to decentralized exchanges (DEXs) where they were later marked as sold, … Read more

United Kingdom M4 Money Supply (MoM) dipped from previous 0.3% to 0% in April

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet … Read more

5 Things to know in Bitcoin this week

Bitcoin (BTC) starts June with BTC price action in a dangerous place — can buyers preserve key bull market support levels? Bitcoin traders are gearing up for fresh volatility as the highest-ever monthly close contrasts with increasing bets of a $100,000 retest. Labor market weakness and Fed policy are back under the microscope as inflation diverges … Read more

EUR/GBP steadies near 0.8450 due to risk-off mood following Trump tariff tensions

EUR/GBP holds ground due to increased risk sentiment after fresh tariff threats from Trump. The BoE is expected to keep rates unchanged in June following recent key economic data. European Commission noted that Europe will retaliate against the Trump’s plan to double tariffs on imported steel and aluminum. EUR/GBP remains steady after registering gains in … Read more