ESMA is targeting large CASPs, Blur is shutting down, and Ledger's delta now includes frozen USDT

The day away from Cardano and Bitcoin was not about one price. It was about who supervises exchanges in Europe, who is shutting an NFT market, and who still holds the hardware after the implant.

MiCA, Blur, South Korea

The EU Council on 9 October agreed a direction that 10 to 15 of about 360 CASPs fall under direct ESMA supervision, with a threshold of 15 million users or three of five criteria. Malta is opposed. The transition would last two years. CryptoSlate the same day writes about closing a loophole that covers 27 countries with one licence.

Blur shuts its web on 12 November. Blend stops new loans. Volume, according to Kriptoteme, has fallen about 99.5 percent. The same founder is also shutting Blast. The FSB ahead of the G20 on 15 October warns that stablecoins of about $306 billion have not been tested in a crisis.

South Korea is moving to block 27 crypto sites, including KuCoin, MEXC and BingX. Rule 3280, on seizing and selling bitcoin for debts, takes effect on 1 November.

Ledger, Tether, MediaMarkt

Cointelegraph today writes about LTE and eSIM implants in wallets tied to CryptoBilis. Tether froze $10 million USDT. Losses between $86 million and $103 million are not confirmed. MediaMarktSaturn pulled Ledger from its shelves. Trezor and OneKey removed CryptoBilis. That is a delta on the weekend, not a new case.

Three more lines

Binance Pool stops on 10 November; records remain until 24 November. Metaplanet is announcing $329 million in zero-coupon bonds. Moscow Exchange is announcing bitcoin trading from December. France's self-custody declaration above 100,000 euro is still not law: the revenue section rejected it 31 to 3, and the text goes to the plenary.

Sources: Kriptoteme on MiCA, CryptoSlate on MiCA, Blur, South Korea, Cointelegraph on Ledger, MediaMarktSaturn, Binance Pool.