Monat: Mai 2025

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Bybit opens European headquarters in Vienna after securing MiCA license in Austria

  • Bybit opens European HQ in Vienna after securing Austria’s MiCA license.
  • The MiCA license allows Bybit to serve all 29 European Economic Area countries.
  • Bybit plans 100+ hires and collaboration with local universities in Vienna.

Bybit is establishing its European headquarters in Vienna, Austria, following the successful acquisition of a license under the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework.

The regulatory milestone, announced on May 29, signals the exchange’s firm commitment to compliance and positions it to offer services legally and seamlessly across the 29 member states of the European Economic Area.

Bybit can now offer services to all European residents

The approval was granted by Austria’s Financial Market Authority (FMA), authorising Bybit EU, registered under commercial number 636180i, to operate as a regulated crypto asset service provider (CASP) within the bloc.

The MiCA framework, which became enforceable in early 2025, is reshaping the European crypto landscape by requiring all firms offering digital asset services in the region to operate under unified licensing conditions.

Bybit’s ability to secure this license not only showcases its readiness to adapt to evolving legal standards but also sets a precedent for other exchanges aiming to legitimise their presence within Europe.

The Dubai-based exchange can now serve the nearly 500 million residents across Europe under a harmonised legal framework designed to enhance market transparency, strengthen consumer protection, and combat illicit activities.

Ben Zhou, the co-founder and CEO of Bybit, emphasised that regulatory compliance remains a top priority and stated that the firm is actively collaborating with regulators worldwide to ensure its users benefit from robust legal protections.

Bybit commits to creating over 100 jobs in Vienna

As part of its entry into the European market, Bybit has committed to creating more than 100 new jobs in Vienna, supporting its goal of offering localised services that align with EU rules and meet regional customer needs.

Mazurka Zeng, the CEO of Bybit Europe, expressed enthusiasm about the move, describing Vienna as the new home of Bybit’s European operations and highlighting the firm’s contribution to Austria’s progressive financial ecosystem.

In addition to scaling its workforce, Bybit plans to strengthen ties with academic institutions throughout the region through its Blockchain for Good Alliance (BGA), an initiative designed to promote blockchain innovation and education.

Currently ranked as the second-largest crypto exchange by trading volume, Bybit continues to build its global footprint with a renewed focus on regulatory legitimacy and user-centric services.

Despite facing a major setback earlier in the year with a $1.5 billion security breach, Bybit has demonstrated resilience by regaining market confidence and recovering liquidity within just 30 days.

Notably, law enforcement authorities in Germany helped in seizing approximately €34 million from the crypto platform eXch, which was allegedly used to launder part of the funds stolen during the February 2025 attack on Bybit.

The post Bybit opens European headquarters in Vienna after securing MiCA license in Austria appeared first on CoinJournal.

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ENS price surges: could Ethereum Name Service hit $100k milestone?

  • Ethereum Name Service (ENS) surges 8% to hit a two-week high amid altcoin buzz.
  • Analysts see ENS as one of top Ethereum beta plays.
  • If bulls rally, a breakout to $50 could allow a potential retest of $100 amid ETH spike.

Ethereum Name Service (ENS) price has jumped more than 35% this past month and was up 8% in 24 hours on Thursday as some altcoins stole the shine off Bitcoin.

By reaching the current price levels, ENS is seeing its market cap hover near $903 million, while the 24-hour trading volume is up 157% to over $192 million.

Per Coinglass, Ethereum Name Service derivatives data analysis shows volume has spiked more than 120% to over $306 million. Meanwhile, Open Interest in the token is up 30%, with open positions worth of $114 million signalling market interest.

What is Ethereum Name Service?

The Ethereum Name Service (ENS) is an open-source, decentralized naming protocol built on the Ethereum blockchain.

It transforms user-friendly Ethereum addresses, such as jane.eth, into the complex, machine-readable codes recognized by wallets like Metamask. Additionally, ENS supports reverse mapping, allowing metadata and machine-readable addresses to be linked with these human-friendly Ethereum names.

ENS aims to simplify interaction with the Ethereum ecosystem, making it more intuitive and accessible for users, much like the Internet’s Domain Name System (DNS) enhances web usability.

Similar to DNS, ENS employs a hierarchical structure of dot-separated domains, where domain owners have full authority over their respective subdomains.

Analysts are pointing to ENS as one of the top Ethereum (ETH)-beta plays today. With ETH expected to rally in coming months, tokens like EigenLayer (EIGEN), Arbitrum (ARB), Lido DAO (LDO) and Ethereum Name Service (ENS) could be poised for gains too.

Can ENS price reclaim $100$

With interest in ENS rising amid adoption that includes further traction in the Ethereum and Solana name domain ecosystems, price has looked to return to last year’s lofty highs.

ENS hitting those highs of $48 reached in December 2024 is likely after buyers pushed the altcoin token to two-week highs of $25, a potential technical breakout signals the price could target resistance around $30.

Traction of Ethereum Name Service as a decentralized DNS platform, plus its growing NFT momentum offer additional tailwinds.

On the technical charts, ENS is currently testing resistance near its 200-day moving average and breakout would signal further gains.

RSI and an ascending triangle pattern on the daily chart suggest if buyers reclaim $30, the next uptick could drive prices to 2024 highs. The $100 mark represents a psychological level that ENS bulls will target if risk on sentiment prevails in coming months.

However, if the market flips negative, a downtrend can bring the $20 mark into view. Robust support lies in the $12-$16 range.

The post ENS price surges: could Ethereum Name Service hit $100k milestone? appeared first on CoinJournal.

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FTT posts slight gains as FTX prepares $5B in distributions

  • FTX Token recently slipped amid news of $5 billion distributions
  • But what does FTX distributions mean for potential FTT price movement?
  • Broader market sentiment may also dictate price direction for the FTX token.

The FTX Token (FTT), the native cryptocurrency of the now-defunct crypto exchange FTX, is up 2.8% in the last 24 hours to trade above $1.24.

While not huge, the gains continue FTT token’s uptick from lows of $1.12 hit earlier in the week.

This comes as the FTX holder community eyes fresh momentum amid the impending $5 billion second phase of bankruptcy distributions.

But what does this initiative that starts on May 30, 2025 mean for FTX Token?

FTX Token recent price action

Over the past month, FTT has seen a notable 32% surge, driven by speculation around the FTX bankruptcy estate’s upcoming distributions.

However, the token has faced downward pressure in the past week, dropping to around $1.12 before rising to $1.24 in the last 24 hours.

The downturn threatened to stall the altcoin’s bullish momentum, with the pullback coming amid broader market struggles.

After initially spiking on the bankruptcy estate’s plan to distribute over $5 billion to creditors starting May 30, 2025, the token dropped again.

Now that the payouts, which will range from 54% to 120% of original claims, are about to commence, activity around FTT is rising.

Per CoinMarketCap data, daily volume has jumped 21% in the past 24 hours to reach $26.7 million.

FTX distributions and potential price movement

The FTX bankruptcy estate’s plan to distribute over $5 billion to creditors marks a significant milestone in the exchange’s recovery process.

As CoinJournal highlighted earlier, the anticipation of the announced payouts fueled a 14% surge in FTT’s price.

Some investors see the repayments as positive news that could further bolster market confidence in FTT.

It’s still possible FTX’s collapse in November 2022 continues to constrain FTT, which has plummeted to below $1 since the crypto exchange imploded.

But the token, which peaked at $85 in September 2021, has shown resilience in recent months.

While FTT has largely traded below $2, occasional spikes have driven it higher. Notable news around bankruptcy updates have provided most of this upward movement.

Also, a February 2025 post from incarcerated former CEO Sam Bankman-Fried triggered a brief 30% rally, pushing FTT to $2.34 before it retreated.

This downturn was brutal though,with FTX token hitting lows of $0.78 in early April 2025.

Bears might yet target further pain, but ongoing speculation around creditor repayments, and broader market sentiment could be huge catalysts for the altcoin.

The post FTT posts slight gains as FTX prepares $5B in distributions appeared first on CoinJournal.