The European Union is considering granting new powers to regulators for direct oversight of cryptocurrency businesses.
ChainCatcher news, according to Golden Ten Data, the European Union's executive body is pushing to grant new powers to market regulators to oversee all crypto businesses operating within the EU. This proposal would make the European Securities and Markets Authority the direct supervisor of all crypto asset service providers and responsible for authorizing new businesses. Currently, crypto companies must obtain authorization in at least one member state before offering services across the EU. This plan is part of the EU's efforts to centralize market regulation, although it has sparked controversy among some member states and companies.
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According to market sources, the initial public offering (IPO) of smart ring manufacturer Oura in the US stock market has reportedly been oversubscribed by approximately four times.
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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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