DriveWealth's European subsidiary obtains MiCA license from the Central Bank of Lithuania

DriveWealth Europe, the European subsidiary of brokerage firm DriveWealth, has been authorized by the Central Bank of Lithuania to become a cryptocurrency service provider under the MiCA framework, and is permitted to provide cryptocurrency services within the European Union. This license builds upon the MiFID II license, enabling a single EU entity to cover both securities and crypto asset businesses. DriveWealth plans to launch the relevant crypto services in phases next year.

The three major U.S. stock indexes rallied during the session, with the Nasdaq 100 index turning positive and erasing a 1.3% loss. The Dow Jones Industrial Average and the S&P 500 indexes narrowed their declines to 0.3% and 0.17%, respectively.

The USDC Treasury issued 250 million USDC on the Solana blockchain, worth approximately $250 million.

European Central Bank Governing Council member Nagel stated that if interest rates are raised again, they will be at a slightly restrictive level.

AiCoin detected a surge in INIT trading volume this morning, and its price continued to rise by nearly 56.61%, reaching a high of $0.275. INIT is currently trading at $0.275, with a 24-hour increase of 110.99%. Cryptocurrencies exhibiting unusual price movements may experience significant volatility; please be aware of position and leverage risks. Data is for reference only and does not constitute investment advice.