News Roundup — Only 11 Stablecoin Issuers Survive Mica’s First 100 Days

Major news stories this week;

1. Only 11 Stablecoin Issuers Survive Mica’s First 100 Days
2. Michael Saylor’s Strategy Buys $285M Bitcoin Amid Market Uncertainty
3. SEC Delays Decision on Staking in Spot Ethereum ETFs
4. Canada to Launch World's First Spot Solana ETFs on April 16 with OSC Approval and Staking via TD
5. Circle’s EURC Stablecoin Surges 43% to Record Supply as Dollar Troubles Fuel Demand

Story Summaries;

1. The EU's Markets in Crypto-Assets (MiCA) regulation is now in full effect, requiring crypto platforms to comply across all 27 member states. After 100 days, only 11 stablecoin issuers have been approved, with Germany leading. To advertise on Google, crypto platforms must be MiCA-licensed starting April 23. The regulation aims to regulate the growing crypto market, now nearing a $250 billion stablecoin cap.
2. Michael Saylor’s firm, Strategy, bought 3,459 Bitcoin for $285.5 million, increasing its holdings to 531,644 BTC worth $35.92 billion. Despite market uncertainty, the firm’s Bitcoin position has gained 11.4% in 2025. Bitcoin recently rebounded to $85,000, with analysts predicting a rise to over $132,000 by year-end.
3. The SEC has delayed its decision on allowing staking in spot Ethereum ETFs, including Grayscale's Ethereum Trust, until June 1. The rule change would let investors stake ETH for extra yields, a feature not available in Bitcoin ETFs. This follows the SEC's recent approval of options trading for spot Ethereum ETFs. Ethereum prices remain low, and ETFs have seen $88.5 million in outflows since April 7.
4. Canada is set to launch the world's first spot Solana ETFs this week, following regulatory approval from the Ontario Securities Commission (OSC). The ETFs, expected to launch on April 16, will be offered by multiple issuers including Purpose, Evolve, CI, and 3iQ, and will include $SOL staking capabilities via TD Bank Group.
5. Circle’s euro-backed stablecoin EURC surged 43% in the past month to a record $246 million supply, driven by rising demand for euro-denominated assets amid U.S. trade tensions and a weakening dollar. Growth was strongest on Ethereum, Solana, and Base networks. EURC activity also jumped, with active addresses up 66% and monthly transfers topping $2.5 billion. Tether’s exit from the euro stablecoin market and MiCA-driven USDT delistings in the EU further boosted EURC’s rise.
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And that’s all for last week’s news! Wishing you a great week ahead!