KAST's terms of service have sparked controversy, with the CEO questioning user asset ownership.
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Binance co-CEO responds to MiCA's new rules taking effect: Transition support will be provided to affected users.
Odaily Odaily reports that Binance Co-CEO Richard Teng responded to the EU's MiCA regulations taking effect, stating that Binance will continue to provide transition support to affected users, including providing follow-up procedures and alternative solutions to ensure asset security and service continuity. He also advised users to seek account support and assistance through official customer service channels. Richard Teng acknowledged that regulatory changes may bring some uncertainty and user inconvenience, and that Binance is currently maintaining close communication with regulators to ensure a responsible compliance transition.
Binance CEO responds to EU MiCA regulations taking effect: Will fully support user transition.
According to Mars Finance, on July 1st, Binance Co-CEO Richard Teng stated, "With the MiCA-related changes taking effect in the EU today, I want to personally assure affected users that we will fully support you through this transition in a prudent, clear, and responsible manner. After July 1st, affected users will continue to have access to the informed options, including applicable withdrawals. Binance is working diligently behind the scenes, including working closely with regulators to responsibly address this transition and continue to serve users in the best possible way. Binance is communicating directly with affected users about next steps and alternative solutions. The EU's Crypto Asset Markets Regulation (MiCA) framework came into effect on July 1st, and the European Securities and Markets Authority (ESMA) called on unauthorized crypto asset service providers (CASPs) to orderly exit their businesses by the end of the MiCA transition period."
Binance Co-CEO: MiCA ensures user asset security during the transition period; withdrawal functionality remains available.
PANews reported on July 1st that Binance co-CEO Richard Teng issued a statement regarding the MiCA regulatory transition, stating that user assets are safe and affected users can continue to use the previously announced options, including withdrawals, after July 1st. Binance is directly communicating with affected users about subsequent steps and available options, and advises users to contact customer service through official channels. Teng stated that the team's focus is on providing users with clear guidance, service continuity, and confidence during the transition period.
Gemini launches zero-commission stock trading service for US users
According to Foresight News , Gemini is launching a zero-commission stock trading service for US users, with Nasdaq serving as the official provider of real-time market data and Apex Clearing Corporation, a wholly owned subsidiary of Apex Fintech Solutions Inc., acting as the custodian and clearing broker.
Tether CEO: EU MiCA regulations are "very dangerous" for stablecoins; abandoning the application was to protect users.
PANews reported on July 2nd that, according to Coin Bureau, Tether CEO Paolo Ardoino explained why USDT did not apply for an EU MiCA license, stating that the regulation is "very dangerous for stablecoins." He indicated that MiCA could force issuers to hold 60% of their reserves in uninsured cash deposits at small European banks, which might be unable to handle large-scale redemptions. Ardoino believes the legislation is "poorly considered" and stated that "skipping MiCA is to protect Tether's more than 400 million users."
Claude login emails expose "invisible location" feature, raising user privacy concerns about IP address-based location deduction.
According to Mars Finance, on July 1st, Beating's monitoring revealed that Anthropic's AI assistant Claude has recently sparked user discussion due to location hints in its login verification emails. Some users noticed that Claude includes a general login location, such as country, region, or city, when sending login verification codes or security alerts. This detail has brought renewed attention to how AI service providers identify the source of user access. Such locations are usually not precisely GPS-based, but rather inferred from IP addresses, network connections, and device information. When using VPNs, proxy servers, corporate networks, or mobile carrier networks, the location shown in the email may differ from the user's actual location. Anthropic's privacy policy states that the company collects IP addresses, device information, connection information, and locations inferred from IP addresses for security, fraud prevention, and enforcement of the terms of service. Claude users are particularly sensitive to this, partly because the service is not yet available in all regions, and cross-border use, overseas accounts, and third-party intermediary services are more common in the Chinese community. Recently, there have also been reports in the Chinese user community of accounts being suspended or requiring re-verification, which some users have dubbed a "ban wave."