PANews reported on October 23rd that fintech giant Revolut is about to launch its cryptocurrency services across the EU after obtaining the EU's Markets in Crypto-Assets Directive (MiCA) license, according to DL News. Revolut announced on Wednesday that it had received the MiCA license from the Cyprus Securities and Exchange Commission. This license allows Revolut to promote its cryptocurrency services in 30 countries within the European Economic Area. Revolut's MiCA license also heralds the upcoming launch of "Crypto 2.0." The company stated that the new service will provide users with access to over 280 cryptocurrencies, zero-fee staking services, and zero-difference stablecoin to USD conversions.



Bitcoin’s market cycles may stretch longer as ISM manufacturing data remains weak, hinting at extended macro headwinds and slower business recovery. The Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers’ Index (PMI) has historically aligned with major peaks in Bitcoin’s market cycles — a pattern that, if repeated, could imply a longer-than-usual cycle this time around.The correlation between the ISM PMI and Bitcoin’s (BTC) price was first popularized by Real Vision’s Raoul Pal and has since gained traction among macro-focused crypto analysts.“All 3 past Bitcoin cycle tops have broadly aligned with this monthly, oscillating index,” analyst Colin Talks Crypto noted, referencing the recurring overlap between Bitcoin’s market highs and the PMI’s cyclical peaks.Read more