The crypto world saw a mix of major updates today—some about regulation, some about big money shifts, and others about ETF momentum. If you're wondering what's moving the market today, here are the top 5 stories explained.
In a big win for cryptocurrency regulation, Bybit has officially received the MiCA license from Austria’s Financial Market Authority (FMA), as announced by the Bybit exchange team on X. This is part of the new Markets in Crypto-Assets Regulation (MiCAR) passed by the European Union.
The license allows this exchange to legally offer crypto services in 29 European countries.
The exchange is now fully MiCA-compliant, boosting its credibility and long-term plans.
Bybit’s European expansion has officially begun, with its new HQ set up in Vienna, Austria.
According to Whale Insider and Bloomberg, there’s a major shift happening: Investors are selling gold to buy Bitcoin.
Gold has always been the go-to safe investment.
But now, BTC is being seen as the new “digital gold.”
With more people trusting BTC over traditional assets, gold vs Bitcoin debates are heating up.
With Bitcoin ETFs growing and regulations improving, this gold to Bitcoin investment shift might not slow down anytime soon.
The Bank of Russia in a press release made an unexpected announcement today. It will now allow financial institutions to offer linked derivatives and digital assets—but only to qualified investors, as per Wu Blockchain reports.
These products are non-deliverable, which means investors won’t receive actual coins like BTC or ETH.
Why this is a big update: Even though Russia hasn’t legalized full cryptocurrecny trading, this move opens the door slightly. Russia derivatives approval could be the start of a more open approach in the future. It also highlights changing Bank of Russia crypto regulations.
Michael Saylor’s company, now called Strategy (previously MicroStrategy), has long held large amounts of the largest cryptocurrency. But today, Arkham Intelligence revealed wallet addresses linked to the firm.
These wallets hold over 70,800 BTC, worth around $5.45 billion.
That’s nearly 87.5% of the total BTC holdings publicly disclosed by the company.
Much of this is held via Fidelity Digital Custody.
This is a great example of how tools like Arkham Intelligence in crypto are changing how we view transparency.
Spot ETFs are seeing huge demand. According to the latest data from May 28:
Bitcoin ETF s saw $433 million in net inflows today.
Ethereum ETFs followed with $84.89 million.
This marks 10 straight days for BTC and 8 days for ETH with positive flows.
Today’s crypto market shows one clear trend: It is getting more global, regulated, and investor-friendly. From Bybit’s MiCA compliance in Europe to the gold-to-Bitcoin trend, the changes are real and fast. Add ETF momentum and Russia’s small opening, and it’s clear—crypto is no longer on the sidelines.
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Sara Sethiya is an experienced crypto journalist with five years of experience in blockchain research, price movements, and market analysis. With a background in mass communication and journalism, she specializes in data-driven news articles, in-depth market reports, and SEO-optimized content. As a team lead and content writer at CoinGabbar, she examines on-chain metrics, evaluates liquidity trends, and analyzes tokenomics to uncover market patterns. Her analytical approach helps traders and investors interpret market shifts, identify potential opportunities, and understand the broader impact of blockchain innovations on the financial ecosystem.
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