Crypto companies already licensed under the European Union’s Markets in Crypto-Assets Regulation (MiCA) could still exit the market as compliance costs mount, according to Gate Europe’s CEO.

Giovanni Cunti told Cointelegraph’s Chain Reaction on Monday that stricter regulatory requirements have made it increasingly difficult for new entrants to compete and that some licensed firms could ultimately be unable to absorb the ongoing costs of operating under the framework.

“I think there are going to be quite a few more of the ones that acquire MiCA license that will not be capable to sustain the cost and the resources that are needed to carry on this business in the long term,” Cunti said.

MiCA is the EU’s regulatory framework for crypto assets. The bloc’s 18-month transition period ended on July 1, requiring crypto firms serving EU customers to operate under authorization or cease offering regulated services.

The deadline prompted several exchanges to restrict or withdraw services in parts of Europe while licensed firms began operating under the new regime. Binance, the world’s largest crypto exchange by trading volume, was not able to secure a MiCA license before the deadline.

Compliance costs reshape Europe’s crypto market

Cunti also warned that MiCA’s stricter regulatory requirements could drive some crypto startups and projects outside Europe. While the framework has strengthened investor protections, he said it leaves less room for innovation than jurisdictions with lighter rules.

He said some projects may choose to launch in jurisdictions with less restrictive regulatory requirements instead of navigating the bloc’s compliance regime.

“We may need to be prepared that some projects, possibly some important projects, may be looking at other jurisdictions with different guidelines,” he said.

Related: ESMA MiCA warning puts Binance EU service changes under scrutiny

To be sure, the number of companies authorized under MiCA continues to grow, albeit at a slower pace. 

On Friday, the European Securities and Markets Authority added 14 crypto-asset service providers (CASPs) to its register, bringing the total to 294 after adding 37 firms in ESMA’s first update following the July 1 transition deadline.

Cunti said the higher regulatory burden is reshaping Europe’s competitive landscape, but the shrunken market also presents an opportunity for those remaining crypto service providers. 

“There was a market with thousands of operators, and now there is a market with only hundreds,” Cunti said.

“So definitely there is a big opportunity for all of us. There is an ongoing migration because customers do not want to lose access to this market,” he added. 

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Lending protocol Morpho has launched Morpho Midnight on Base, adding fixed-rate, fixed-term loans to its onchain credit network alongside the variable-rate markets offered through Morpho Blue. 

In an announcement sent to Cointelegraph, Morpho said the offer-driven protocol lets lenders and borrowers propose their own interest rates, maturities and other loan terms instead of relying on a protocol-defined utilization curve. Loans are issued as fixed obligations, with terms set through competing offers rather than algorithmic pool pricing. 

Predictable rates and defined maturities are standard features of traditional credit markets. However, they remain uncommon in decentralized finance (DeFi), where borrowing costs generally fluctuate based on market utilization. Fixed terms could make onchain lending more attractive to institutions and businesses that need to manage funding costs, returns and risk exposure in advance. 

A Morpho spokesperson told Cointelegraph that Midnight is live on the Base mainnet, initially supporting cbBTC and USDC across multiple maturity dates. The spokesperson said Morpho deliberately kept the launch contained as part of a progressive rollout that prioritizes security.

The spokesperson said crypto-native lenders, borrowers and curators already active on Morpho Blue had shown interest in Midnight. Several unidentified enterprises and institutions are also building products on the protocol in beta, with announcements expected as those products go live.

Morpho’s fixed-rate lending plans take shape

Morpho first outlined the fixed-rate system in 2025 under a broader “Morpho V2” roadmap. It described an intent-based, peer-to-peer marketplace where users could submit custom offers, price loans through market demand and keep capital earning variable yield until a fixed-rate offer was matched. 

In April, Morpho named the fixed-rate protocol Midnight and clarified that it was not a replacement for Morpho Blue. While Blue provides open-ended, variable-rate lending pools, Midnight externalizes loan risk, interest rate and duration to market participants. 

The protocol then released Midnight’s whitepaper and codebase in May, saying that its “offered capital” model was intended to avoid a recurring problem for fixed-rate DeFi protocols: liquidity being locked or fragmentation across maturity dates.

Related: Grayscale plans regular cash payouts from ETH, SOL staking rewards

Midnight’s launch follows Morpho’s $175 million funding round in June, led by Paradigm, Andreessen Horowitz’s a16z crypto and Ribbit Capital. At the time, Morpho said it planned to expand integrations with banks, asset managers and large platforms while adding features associated with traditional credit markets. 

Morpho’s infrastructure already underpins variable-rate lending products distributed through major crypto platforms. In April, Coinbase launched Morpho-powered USDC loans for United Kingdom users, allowing them to borrow against Bitcoin (BTC), Ether (ETH) and cbETH on Base. 

The loans carried variable rates and no fixed repayment schedule, illustrating the open-ended borrowing model that Midnight intends to complement. 

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XRP Ledger’s v3.2.0 software has reached 66% validator adoption, with 99 validators now running the release as the network approaches a July 29 amendment activation.

According to recent XRPL Explorer data, 481 nodes, or 57.33% of the tracked network, have installed v3.2.0. The figures show that the latest software has gained ground since its June rollout, although a sizeable share of operators remain on the previous release.

Version 3.1.3 still runs on 42 validators, equal to 28% of the validator set covered by the tracker. Another 323 nodes, representing 38.41% of the 825 observed nodes, also continue to use the older software.

Software adoption and amendment approval are separate processes on the XRP Ledger. Installing v3.2.0 gives operators access to the latest fixes, while an amendment requires support from at least 80% of trusted validators for two consecutive weeks before its rules can take effect.

The fixCleanup3_2_0 amendment has already crossed that voting threshold. XRP Ledger governance data shows 85.71% support, with 30 validators voting in favor and five opposing the proposal.

Having secured the required backing, the amendment is scheduled to activate on July 29, 2026, at 09:57 UTC. Support must remain at or above 80% throughout the countdown; otherwise, the network’s two-week timer will restart.

Validator backing keeps the amendment on schedule

XRPL validator Vet has urged node operators to update their software before activation so their infrastructure remains compatible with the amended protocol. Operators using unsupported versions can become amendment-blocked once new rules go live, preventing their servers from determining the valid state of the ledger.

Unlike a feature release built around new user-facing products, fixCleanup3_2_0 combines maintenance changes for functions already available on XRPL. The official v3.2.0 release announcement identifies fixes covering Single Asset Vaults, the Lending Protocol, the Permissioned decentralized exchange, Multi-Purpose Tokens, and Permissioned Domains.

For Single Asset Vaults, the package addresses accuracy and rounding issues that can affect how deposited assets and shares are calculated. Lending Protocol changes correct related accounting behavior, while the Permissioned DEX and Permissioned Domains receive fixes for problems found after their earlier implementation.

Amendment voting allows validators to decide whether those consensus-level changes should become binding across the ledger. Even though v3.2.0 is already running on most tracked validators, the amendment will not alter mainnet behavior until the waiting period ends successfully.

Crypto.news reported earlier in July that fixCleanup3_2_0 had entered its final activation window after approval moved above 80%. The current 85.71% reading leaves a buffer of 5.71 percentage points, but XRPL rules still require support to hold until the scheduled activation time.

XRPSCAN’s amendment tracker lists fixCleanup3_2_0 as a proposal introduced through version 3.2.0. Its status also means operators must install compatible software even though running the release does not automatically count as an affirmative amendment vote.

Version 3.2.0 prepares XRPL infrastructure for new activity

Released in mid-June, v3.2.0 has also changed the name of the XRP Ledger’s core server software from “rippled” to “xrpld.” The rename follows XLS-0095, a technical proposal intended to align the server’s identity more directly with the XRP Ledger.

The change affects more than the executable’s name. Under XRPL’s migration instructions, operators moving from version 3.1.3 must update the configuration file from rippled.cfg to xrpld.cfg, along with related paths and deployment settings.

Node operators may also need to revise database directories, package references, scripts, service definitions, and server metadata. XRPL documentation provides a migration process designed to preserve existing node data while replacing the former server naming conventions.

Beyond the rename, the XRP Ledger development team describes v3.2.0 as a cleanup and maintenance release. The software retires amendments that have remained active for more than two years and continues work to divide the libxrpl codebase into smaller modules, which can make future development and maintenance easier.

Those infrastructure changes arrive while projects are testing new payment uses on the ledger. Ripple-backed t54.ai recently reported that XRPL had processed more than 1 million AI-driven payments through the x402 protocol and launched an AI Hub for agents, developers and payment services.

According to t54.ai, the hub was developed with support from Ripple developers and the XRP Ledger Foundation. It collects AI projects, autonomous agents, developer tools, payment services and technical resources in one place for teams building XRPL applications.

With eight days remaining before the scheduled amendment date, validator voting has kept fixCleanup3_2_0 on course. The remaining task falls to node operators still running older software, as the July 29 activation will apply the maintenance rules across the XRP Ledger if approval stays above the required level.

Bitcoin’s recent rally and ETF inflows are boosting market sentiment as traders look beyond BTC to emerging projects such as Remittix.

Bitcoin has returned to the centre of market attention after climbing to around $65,500, its highest level in roughly two weeks. The move came as risk appetite improved, chip stocks rebounded and U.S. spot Bitcoin ETFs recorded five straight sessions of inflows worth more than $600 million.

The return of Bitcoin momentum is now pushing traders to look across the wider crypto market for altcoins with stronger growth potential. One of the projects gaining attention is Remittix, which has now passed $31 million in its presale after announcing a major ecosystem expansion through Remittix Markets.

Bitcoin momentum puts altcoins back on watch

Bitcoin remains the biggest signal for the wider crypto market. Recent coverage showed Bitcoin reaching the $65,500 area before traders began watching whether the move could hold, while CoinDesk also reported that Bitcoin had previously pulled back after hitting a similar monthly high as profit-taking entered the market.

That matters because Bitcoin strength often helps bring attention back to higher-growth altcoin plays. When Bitcoin stabilises or pushes higher, investors usually begin searching for smaller projects with clearer catalysts, stronger upside narratives and upcoming launch events.

Remittix surpasses $31m as RTX momentum builds

Remittix has now passed $31 million in its presale, putting the project close to the key $32 million milestone where the team is expected to reveal the official launch date.

That gives RTX a clear near-term catalyst at a time when traders are looking beyond Bitcoin for new opportunities. The project has also confirmed a wider ecosystem direction, with PayFi, Remittix Markets and future Earn products becoming the core story around RTX.

This is why Remittix is starting to stand out. It is not only a presale with a launch countdown. It is becoming a product-led ecosystem built around crypto payments, trading access and real-world utility.

PayFi targets a massive payments problem

The strongest part of the Remittix story is still its PayFi platform.

Crypto is easy to buy, hold and trade, but using it for normal bank payments remains difficult. Users often need exchanges, wallet transfers, conversions and withdrawal steps before digital assets can become usable fiat.

Remittix is designed to solve that problem by letting users send crypto to any bank account in the world, while the recipient receives fiat directly. That gives the project a clear use case in the global payments industry, which Remittix positions as a $19 trillion opportunity.

The platform is now fully developed and has already been tested by members of the community. That gives RTX a stronger foundation before launch than projects relying only on future promises.

Remittix markets expands the ecosystem

Remittix has also revealed Remittix Markets, its new perpetual futures trading platform.

This adds a second major growth layer to RTX. PayFi gives Remittix its real-world payments angle, while Remittix Markets adds trading activity, perps demand and another reason for users to engage with the ecosystem.

As Bitcoin hits a two-week high and traders search for the next high-growth altcoin story, Remittix is building momentum with a developed PayFi platform, a major ecosystem expansion and a $32 million launch date reveal milestone now approaching.

Discover the future of PayFi with Remittix by checking out their project here.

FAQ

Why is Bitcoin in focus right now?
Bitcoin is in focus after climbing to around $65,500, its highest level in roughly two weeks, supported by renewed risk appetite and spot Bitcoin ETF inflows.

How much has Remittix raised so far?
Remittix has now passed $31 million in its presale and is approaching the $32 million milestone for its official launch date reveal.

What makes Remittix different from other presales?
Remittix has a fully developed PayFi platform tested by community members and has expanded the RTX ecosystem with Remittix Markets, its new perps trading platform.

Bitcoin (BTC) built on gains at Tuesday’s Wall Street open as crypto echoed resilient US stock markets.

Key points:

• BTC price action approached $67,000 despite new geopolitical and macroeconomic pressures.
• Neither the US-Iran war nor proposed international trade tariffs were able to disrupt risk-asset upside.
• Bitcoin needed a reclaim of its 21-week simple moving average to challenge the bear market, analysis warned.

Bitcoin, stocks ignore Iran war, fresh US tariffs

Data from TradingView showed BTC/USD approaching $67,000, closing in on seven-week highs.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

Upward momentum that began the day showed little signs of stopping despite macro conditions that seem to favor a risk-off mindset.

The US-Iran war saw further escalation on the day as Iran struck Amazon facilities in Bahrain in response to US strikes, while the Strait of Hormuz oil route remained closed.

As a result, WTI crude oil prices reached their highest levels in over a month, nearing $85 per barrel.

CFDs on WTI crude oil one-day chart. Source: Cointelegraph/TradingView

Multiple media reported US president Donald Trump plans to introduce new 10% international trade tariffs. These would follow 50% measures imposed on Canada this week.

Despite these notional headwinds for crypto and risk assets, traders attributed the lack of bearish reactions to expectations that the situation would ultimately resolve in markets’ favor.

“Markets are pricing in peace,” YouTube channel host Crypto Rover summarized in a post on X to their 1.6 million followers.

Caleb Franzen, creator of Bitcoin and macro analysis resource Cubic Analytics, was confident about the near-term trend in the S&P 500 index.

“I reiterate… I have zero fear, concern, or worry with S&P 500 futures looking like this,” he told X followers on Monday.

S&P 500 futures one-day chart. Source: Caleb Franzen/X

To be sure, words of caution came from figures such as JPMorgan CEO, Jamie Dimon, who warned that markets were treating current risks too lightly.

Related: Trader maintains $67K BTC price target: Five things to know in Bitcoin this week

Despite a “golden cross” involving the 21-day and 50-day simple moving averages (SMAs) on Monday, the bear market, he warned, had gone nowhere.

“Bear Markets don’t always look like Bear Markets, especially in lower timeframes,” he wrote in his latest X analysis.

“The macro trend will be challenged if Bitcoin pushes above the 21-Week SMA. Until that happens, the Bear Market remains intact.”

BTC/USD one-day chart with 21-week, 50-week SMA.
Source: Cointelegraph/TradingView

The 21-week SMA stood at $69,720 at the time of writing, coinciding with Bitcoin’s then-all-time high from 2021.

Alan acknowledged that there was “no real resistance” until $67,250.