BTC has just held steady at 63K, but AscendEX has collapsed—regulators’ axe has finally swung down.

CoinWorld news, 99Bitcoins reported on July 9 that the cryptocurrency market dynamics show Bitcoin (BTC) has recovered to above $63,000, up 0.5% in the past 24 hours. Meanwhile, AscendEX exchange announced a suspension of operations from July 1 due to regulatory pressure and liquidity issues, and users may not be able to fully retrieve their crypto assets on the platform. The exchange stated that it was affected by the EU MiCA regulations and did not obtain the necessary operational authorization. In addition, BNB Chain is developing a new Layer-1 blockchain, focusing on agent trading and faster on-chain transactions, planned to launch in the second half of 2026.