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Project Overview
SwissBorg is a digital asset investment platform that incorporates an app for investment and earning yield. It is equipped with an AI-powered Smart Engine, asset analysis, and portfolio analytics.
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Analysis: MiCA Takes Full Effect on July 1, Potentially Causing Over 10 Million European Crypto Users to Migrate Platforms
as the EU's Markets in Crypto-Assets Regulation (MiCA) is set to take full effect on July 1, industry insiders anticipate a massive platform reshuffle in the European crypto market, with potentially over 10 million users needing to switch trading platforms.SwissBorg executive Alex Fazel stated that the new MiCA regulations are forcing a large number of exchanges to cease or restrict their services within the EU. The European Securities and Markets Authority (ESMA) has warned that institutions lacking a MiCA license must gradually exit the market after the deadline and assist users in migrating to compliant platforms or self-custody wallets.Data shows that as of 2024, there may be over 3,000 Virtual Asset Service Providers (VASPs) in Europe, with approximately 80% expected to exit the market following the regulatory transition.The analysis points out that several trading platforms, including Binance, have already adjusted their European business layouts in advance. Meanwhile, platforms like Coinbase and OKX are attracting user migration through incentive measures. Against the backdrop of tightening regulations, industry competition is shifting from "subsidy-driven customer acquisition" to "competition in compliance and trust systems." (CoinDesk)
Sui Ecosystem’s native Bitcoin financial infrastructure Hashi announces new batch of ecosystem partners, aiming to activate on-chain financial applications for Bitcoin
: Sui’s Chinese community announced that Hashi is the Sui ecosystem’s native Bitcoin financial infrastructure, aiming to transform approximately $1 trillion in idle Bitcoin into productive collateral assets for on-chain financial activities.Before the global testnet launch in July this year, Hashi announced the addition of Cumberland, SwissBorg, and Fluid as ecosystem partners.Reportedly, Hashi has previously collaborated with over 20 partners to jointly promote the application and development of Bitcoin in DeFi and on-chain financial scenarios.