The EU plans to promote unified regulation of all crypto businesses in the region by ESMA
ChainCatcher news, according to Bloomberg, the European Commission intends to promote granting the European Securities and Markets Authority (ESMA) unified regulatory and authorization powers over all crypto asset service providers operating within the EU. The draft shows that ESMA may delegate tasks to national regulatory authorities when necessary. These draft plans must still be approved by the European Parliament and the Council of Member States. Currently, under the 2023 MiCA rules, crypto asset service providers only need to be approved in any one member state to operate throughout the EU.
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Smart ring manufacturer Oura's IPO was oversubscribed by approximately four times, planning to issue 50 million shares at a maximum price of $44 per share, aiming to raise up to $2.2 billions, with a fully diluted valuation of about $15 billions. Against the backdrop of companies like Holtec Nuclear withdrawing their IPO plans due to market conditions, Oura is expected to become the first major IPO in nearly three months to raise over $1 billion, injecting new vitality into the long-dormant U.S. IPO market.
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