Binance’s bid for a European regulatory license is reportedly set to be rejected, despite Greece’s Hellenic Capital Market Commission having reviewed the application and found it compliant with MiCA requirements, according to Reuters sources.

Covered by Callum Williams on the Blockchain Bulletin, the rejection, if finalised before the 1 July deadline, would mean the world’s largest crypto exchange will be unable to operate legally across the European Union.

Elsewhere, Coinbase has expanded its product suite significantly, launching tokenised stocks for non-US customers for the first time, giving access to Wall Street equities with dividends attached.

Polygon has launched a new payment-focused chain capable of supporting 5,000 transactions per second as part of its Open Money stack. The chain aims to lower stablecoin gas costs, targeting fintechs and enterprise use cases including payroll, remittances and B2B payments.

Regulatory pressure is also mounting on stablecoins. Tether’s USDT is set to be blocked from licensed MiCA platforms in Europe from 1 July  due to non-compliance, a move that could boost adoption of rival USDC, one of the first US dollar stablecoins to achieve MiCA compliance.

In the US, Trump family-backed stablecoin USD1 was used to pay UFC fighter bonuses during a White House event held on Donald Trump’s 80th birthday, with issuer World Liberty Financial also serving as the event’s presenting partner.

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