• Binance will halt services for EU users after MiCA setback.
• BNB token price has fallen 13.2% over the past month.
• Bitcoin miner inflows to Binance hit a four-month high.

BNB token remained under pressure on Friday as investors weighed Binance’s regulatory setback in Europe against the token’s long-term role within the Binance ecosystem.

The token traded at $566.26, down 0.3% over the previous 24 hours.

During that period, Binance coin (BNB) moved between $541.77 and $569.04, showing that buyers managed to push the price close to the day’s high despite negative headlines.

Even so, the broader trend has remained weak.

BNB has fallen 1.4% over the past seven days, 5.5% in the last two weeks, 13.2% over the past month, and 12.5% over the last year.

The latest decline in sentiment comes after Binance confirmed that it will stop providing services to customers across the European Union after failing to obtain a license required under the bloc’s Markets in Crypto-Assets (MiCA) regulations.

Regulatory setback raises fresh questions

Binance’s withdrawal from the European market represents another regulatory challenge for the world’s largest cryptocurrency exchange.

The company informed affected users that services in the European Union will end after it failed to secure the required MiCA authorisation before the regulatory deadline.

Binance had previously sought approval through Greece before withdrawing its application and has indicated that it intends to pursue authorisation through another EU member state.

Although Binance said Europe remains an important market and expects to secure a license in the future, the interruption creates uncertainty for one of its largest regional user bases.

That uncertainty matters because the BNB token is closely tied to the Binance ecosystem.

While the token has expanded well beyond its original purpose as an exchange utility token, Binance’s trading activity still plays an important role in overall demand.

Any reduction in exchange activity could temporarily affect demand for BNB tokens, particularly from users who hold the token to receive trading fee discounts or participate in Binance products.

BNB token still has utility beyond the exchange

Despite the regulatory headwinds, the BNB token is no longer dependent solely on Binance’s centralised exchange.

The token serves as the native asset of BNB Chain, where it is used to pay transaction fees, support decentralised finance applications, participate in staking, and access Binance Launchpad token offerings.

These use cases continue to generate demand independent of spot trading on the exchange.

The BNB token also benefits from a deflationary supply model.

The token launched with a maximum supply of 200 million coins, and Binance continues to remove tokens from circulation through scheduled burns.

The token burn mechanism has so far removed 289,896.29 BNB tokens from the circulating supply, according to BNBBurn info, and remains one of the key features supporting the asset’s long-term economics.

However, utility alone may not fully offset the impact of negative regulatory developments in the short term.

Investor sentiment often reacts quickly to news involving Binance because of the close relationship between the exchange and its native token.

The wider crypto market decline adds another layer of pressure

The regulatory news arrives at a time when the broader cryptocurrency market is already facing fresh concerns.

Recent blockchain data showed that Bitcoin miners transferred more than 150,000 BTC to Binance during June, marking the highest miner inflows to the exchange in four months.

Large transfers from miners to exchanges are closely monitored because they can precede increased selling activity.

Although deposits do not automatically mean that coins have been sold, they often indicate that miners are preparing to access liquidity after periods of lower mining profitability.

If Bitcoin (BTC) experiences additional selling pressure, the effect can extend beyond the largest cryptocurrency.

And major altcoins, including the BNB token, frequently move in the same direction as Bitcoin during periods of broader market weakness.

If that happens, then the BNB token price could drop below the key support at $541.

However, if the market sentiment improves, then we could see the token recover above $588 and above.

US-listed spot Bitcoin exchange-traded funds saw their steepest daily net outflows of June on Thursday, extending a broader cooling in institutional demand as Bitcoin traded below $60,000.

SoSoValue data shows the ETFs collectively lost $696.3 million in net flows—above the prior monthly high of $519.2 million recorded on June 2—taking June’s total net outflows to $3.61 billion. Year-to-date, net outflows now stand at $4.6 billion.

Key takeaways

• Spot Bitcoin ETFs recorded $696.3 million in net outflows on Thursday, the largest single day of June, as Bitcoin slipped under $60,000.
• June outflows total $3.61 billion, pushing US spot ETF year-to-date net outflows to $4.6 billion, according to SoSoValue.
• Total US spot ETF assets fell below $73 billion for the first time since late 2024, down about 57% from an October 2025 peak.
• Strategy reduced its June Bitcoin buying rate to roughly 3,600 BTC so far, down sharply from May and April, with at least one small net sale reported earlier in the month.

Spot ETF outflows accelerate as Bitcoin weakens

The latest withdrawal wave underscores how quickly flows can react when price momentum turns. With Bitcoin trading below $60,000, US spot Bitcoin ETFs pulled back decisively—registering $696.3 million in net outflows on Thursday and deepening the month’s losses.

SoSoValue’s breakdown also highlights the escalation within June itself: Thursday’s figure exceeded the previous monthly high of $519.2 million set on June 2. That matters because it suggests investors’ redemption behavior is not limited to isolated days—it is broadening across the month as market conditions deteriorate.

SoSoValue further reports that June’s net outflows are now $3.61 billion, while year-to-date net outflows have reached $4.6 billion. In practice, that means ETF investors have been net sellers of exposure rather than net accumulators, even though spot ETFs were designed to provide a straightforward route into Bitcoin’s price.

ETF balance sheets shrink toward late-2024 levels

Beyond daily flows, the impact is visible in ETF balance sheets. According to SoSoValue, total net assets in US-listed spot Bitcoin ETFs dropped below $73 billion for the first time since late 2024.

SoSoValue indicates that the sector’s total net assets reached a record $169.5 billion in October 2025. As of Friday, that number had fallen to roughly $72.6 billion—an approximately 57% decline.

Separate data from WalletPilot adds another layer: the funds held a combined 1.24 million BTC as of Tuesday, and about 63,500 BTC left the products over the past 30 days. Taken together, these figures point to sustained net reductions in ETF-held Bitcoin rather than a brief drawdown.

Strategy’s June buying slows amid public pressure

ETF outflows are not the only sign of institutional appetite softening. Strategy—the largest publicly traded corporate Bitcoin holder—has reportedly reduced the pace of its purchases during June, fueling renewed debate over its approach.

Based on Strategy filings, the company bought roughly 3,600 Bitcoin in June so far. That is down from about 25,000 BTC in May and more than 50,000 BTC in April. The change is significant: it suggests Strategy is not maintaining the same monthly accumulation pace that preceded the market downturn.

The slowdown also included a notable exception earlier in the month: a net sale of 32 BTC, described as one of the few times Strategy has sold Bitcoin during its accumulation period.

Additionally, Strategy’s perpetual preferred stock (STRC) has faced pressure. The stock traded below its intended $100 level, closing at $75.69 on Thursday, down 6.37%. That has amplified scrutiny of Strategy’s capital management and timing, with CryptoQuant analysts raising concerns about the company’s risk management and purchase cadence.

Debate over timing: preserve cash vs. “self-repair” claims

The company’s reduced buying rate has split commentary in the market. Some analysts argue Strategy should pause additional Bitcoin purchases and focus on rebuilding cash reserves during a weaker period for crypto prices.

Others push back on the notion that the plan has broken down. Bitcoin advocate Samson Mow argued that STRC includes a “self-repairing mechanism” that activates when it trades below its $100 benchmark. He also noted that Strategy pauses new share issuance through its ATM program at that level, which he said helps limit additional supply.

Whether those mechanisms are sufficient to offset the near-term pressures remains a key question for observers—especially as ETF flows continue to signal demand softness.

Investors should watch whether ETF outflows stabilize in the coming sessions and whether Strategy’s purchase pace returns closer to earlier months’ levels. If redemptions persist while corporate buying remains muted, the market may struggle to reclaim the momentum that typically draws in spot ETF inflows.

Key Highlights

• Shares of AMD advanced 2.5% Thursday, reaching an intraday peak of $550.88 before closing at $532.57
• UBS increased its price objective to $670; Gartner identified AMD as “the company to beat” in the enterprise AI server CPU market
• First quarter revenue reached $10.25 billion, representing a 37.8% year-over-year increase and surpassing analyst projections
• The company’s forward P/E ratio stands at 71x compared to Nvidia’s 23x — presenting valuation considerations
• The forthcoming MI450 processor, manufactured using TSMC’s 2nm technology, aims to compete with Nvidia’s Vera Rubin architecture

Shares of Advanced Micro Devices climbed 2.5% during Thursday’s session, peaking at $550.88 before finishing at $532.57. This represented a gain from the previous day’s close of $519.74. Trading activity registered approximately 26.7 million shares, falling about 29% short of the typical daily volume of 37.7 million.

Advanced Micro Devices, Inc., AMD

The upward movement occurred on below-average volume, indicating the rally wasn’t driven by widespread market momentum. However, the catalyst behind the move was unmistakable: a series of favorable analyst assessments.

Reports indicate UBS elevated its price objective for AMD to $670. Additionally, technology research leader Gartner designated AMD as “the company to beat” in the enterprise AI server CPU sector — a designation that resonated throughout investment circles.

The broader analyst community maintains a favorable outlook on AMD. Among those monitored by MarketBeat, 28 analysts recommend Buy, 12 suggest Hold, two rate it Strong Buy, and just one recommends Sell.

The consensus price target currently rests at $440.41, although several recent revisions have elevated forecasts considerably. Mizuho increased its target to $615 while TD Cowen adjusted upward to $600, both maintaining constructive ratings.

The company’s first quarter performance, announced on May 5th, reinforced the positive sentiment. Revenue totaled $10.25 billion, exceeding the $9.90 billion projection and marking a 37.8% increase compared to the prior year period. Earnings per share reached $1.37, topping the consensus estimate of $1.29.

Valuation Questions Persist Among Investors

Notwithstanding solid operational performance, AMD’s valuation multiple has emerged as a recurring topic among market watchers. The stock currently carries a trailing P/E ratio near 171x and a forward P/E of 71x. Nvidia, in contrast, trades at a forward P/E of approximately 23x.

Several market observers have highlighted that AMD’s elevated valuation multiples provide limited margin for disappointment. Should growth projections fall short of expectations, even marginally, the stock could experience downward pressure. One analysis noted that even Micron’s robust quarterly results failed to provide uplift to AMD shares, suggesting a more discriminating market climate.

Chief Executive Lisa Su divested 125,000 shares on June 10th at an average execution price of $460.69, generating proceeds of approximately $57.6 million. The divestiture was conducted through a previously established 10b5-1 trading arrangement. Executive Vice President Mark Papermaster similarly sold 6,000 shares on June 15th at $536.33. Both transactions were pre-scheduled rather than opportunistic.

The MI450 Represents the Next Major Milestone

AMD’s upcoming significant product launch centers on the MI450 processor, which is being produced utilizing TSMC’s cutting-edge 2-nanometer manufacturing process. This represents a generational advantage over Nvidia’s 3nm Vera Rubin architecture.

The MI450 is projected to feature 432 GB of HBM4 memory capacity, substantially exceeding Vera Rubin’s 288 GB configuration. Industry analysts also anticipate AMD will deliver superior total cost of ownership economics, a consideration that carries weight in hyperscale data center procurement decisions.

AMD’s current market capitalization hovers around $868 billion, representing a small fraction of Nvidia’s $4.9 trillion valuation. This disparity forms a central component of the bullish investment thesis — significant expansion potential remains.

The company’s data center business segment now contributes 56% of total revenue. Nvidia’s comparable segment represents 92% of its revenue mix, highlighting both how much ground AMD must cover and the substantial growth opportunity that lies ahead.

Institutional investors hold 71.34% of outstanding shares. Wall Street projects full-year earnings per share of $6.15 for the current fiscal period.

Key Highlights

• Wise shares advanced 8% following FY26 results that exceeded the firm’s profit margin guidance
• Pre-tax income reached $660.4 million with a 26.4% margin — surpassing the 20–25% target corridor
• Net revenue expanded 19% annually to $2.50 billion
• The company unveiled a $500 million share buyback initiative for FY27
• Customer base expanded 21% to 19 million users; cross-border transaction volume surged 31% to $243.5 billion

Shares of Wise (WSE) climbed approximately 8% on Friday following the fintech firm’s release of annual financial results that exceeded profit margin projections, complemented by the announcement of a $500 million share repurchase initiative.

Wise Group plc Class A Ordinary Shares, WSE

The shares were changing hands at approximately 894p on the London Stock Exchange during morning trading, representing a gain of 64 points.

The payment platform reported net revenue reaching $2.50 billion for the fiscal year concluding March 31, 2026, marking a 19% year-over-year increase. Pre-tax income totaled $660.4 million, translating to a margin of 26.4%.

This profitability metric exceeded the company’s medium-term guidance corridor of 20–25%, capturing investor attention.

BofA analysts, maintaining a buy rating with a $16.40 price objective, noted that pre-tax profit exceeded their projection by 6.6% and consensus estimates by 1.3%.

The analysts identified a $70 million non-recurring U.S. GAAP foreign exchange adjustment linked to specific government bonds as the primary factor impacting operating income, which settled at $590.7 million.

The platform’s active user base expanded 21% to 19 million. Cross-border transaction volume increased 31% to $243.5 billion, while the cross-border take rate remained at 0.52%, declining six basis points year-over-year.

Card expenditure grew 37% to $43.6 billion. Customer balances increased 40% to $39.0 billion — indicating that more clients are maintaining funds on the platform for regular usage rather than solely for transfers.

Transaction-based revenue totaled $1.89 billion. Net interest income added $609.2 million to overall net revenue after distributing $196.9 million in interest payments to account holders.

CEO Kristo Käärmann emphasized that 75% of transactions in Q4 were processed in under 20 seconds worldwide — a metric the company prominently features in its competitive positioning.

Share Repurchase and Shareholder Returns

Wise announced plans to allocate over $500 million toward share buybacks during FY27. Approximately 40% of this amount will support its ongoing Employee Share Trust initiative to counterbalance dilution from equity-based compensation.

The firm separately deployed $470 million to repurchase 35.9 million shares throughout FY26.

BofA increased its FY27 diluted earnings per share forecast by 5.7% to 54.34 cents, citing improved gross profit margins and the buyback program as key contributors.

Fiscal Year 2027 Guidance

Looking ahead, Wise projected net revenue growth near the midpoint of its 15–20% medium-term target range, calculated on a constant currency basis.

This forecast assumes no significant changes in interest distributed to customers and no substantial movements in central bank policy rates.

Pre-tax income margin is anticipated to land near the upper boundary of the 20–25% range for FY27.

Wise finalized its transition to a Nasdaq primary listing on May 8, maintaining a secondary listing on the London Stock Exchange.

The firm disclosed that it established new direct payment connections in Brazil and Japan during FY26 and secured fresh regulatory approvals in South Africa, the UAE, and Thailand.

New Wise Platform collaborations launched during the period include UniCredit, Raiffeisen Bank, and MBSB Bank, with Capitec coming onboard in April 2026.

US-listed spot Bitcoin exchange-traded funds (ETFs) recorded their largest daily net outflows of June on Thursday as Bitcoin fell below $60,000.

Spot Bitcoin ETFs shed $696.3 million, surpassing the previous monthly high of $519.2 million logged on June 2, according to SoSoValue data.

The latest withdrawals pushed June’s total outflows to $3.61 billion, bringing year-to-date net outflows to $4.6 billion.

Monthly flows in US spot Bitcoin ETFs as of Friday. Source: SoSoValue 

The ETF outflows coincide with signs that other large sources of institutional Bitcoin demand are also slowing. Strategy, the world’s largest corporate Bitcoin holder, has reduced its accumulation pace in June, prompting debate over whether the company should conserve cash during the market downturn.

ETF assets down 57% from 2025 peak

US-listed spot Bitcoin ETFs have seen total net assets fall below $73 billion for the first time since late 2024, as recent outflows and a roughly 50% drop in Bitcoin’s price from its October peak weigh on the sector.

According to SoSoValue, total net assets in US spot Bitcoin ETFs reached a record $169.5 billion in October 2025. As of Friday, that figure stood at about $72.6 billion, a decline of roughly 57%.

BTC holdings for US spot Bitcoin ETFs as of market close on Tuesday. Source: Wallet Pilot

Separate data from WalletPilot shows the funds held a combined 1.24 million BTC as of Tuesday, with about 63,500 BTC leaving the products over the past 30 days.

Strategy slows Bitcoin buying in June to about 3,600 BTC amid criticism

Some analysts argue that Strategy should pause BTC purchases and rebuild its cash reserves.

Saylor’s Strategy bought roughly 3,600 Bitcoin so far in June, down from about 25,000 BTC in May and more than 50,000 BTC in April, according to company filings.

The slowdown also included a net sale of 32 BTC earlier in the month, one of the few times the company has sold Bitcoin during its accumulation period.

Related: Strategy adds $300M to USD Reserve, acquires 520 BTC

Strategy’s perpetual preferred stock, STRC, has come under pressure, trading below its intended $100 level. STRC closed at $75.69 on Thursday, down 6.37%.

Source: Julio Moreno

The move has fueled debate over Strategy’s Bitcoin-buying model. CryptoQuant analysts have raised concerns about the company’s timing and risk management.

On the other hand, Bitcoin advocate Samson Mow said STRC has a “self-repairing mechanism” that activates when it trades below its $100 benchmark. He noted that the company pauses new share issuance through its ATM program at that level, which limits new supply.

Magazine: Bitcoin slides to $58K, XRP hits $1 but onchain data promising: Market Moves