Financial regulators in France have taken a significant step toward enforcing the European Union's Markets in Crypto-Assets (MiCA) framework. The Autorité des Marchés Financiers (AMF) has reportedly flagged approximately 90 cryptocurrency companies that remain unlicensed ahead of a strict compliance deadline of June 30. According to AMF executive director Stephane Pontoizeau, about 30% of these firms have not even responded to the authority's inquiries regarding their licensing plans, casting serious doubt on their operational viability.
This regulatory purge is forcing investors to re-evaluate their portfolios, creating an environment that favors transparent, audited projects while posing an existential threat to low-quality or non-compliant entities. The looming deadline marks the end of a transition period, after which non-compliant companies will be forced to cease operations immediately.
Amidst this regulatory tightening, the presale project DeepSnitch AI ($DSNT) is being highlighted as a potential beneficiary. The project has raised over $1.2 million and claims to have delivered more than 130% gains to early holders from its opening price. Its current token price is $0.03469. DeepSnitch AI markets itself as an AI-powered platform for auditing smart contracts and providing market intelligence, positioning its utility as directly relevant to the risk-assessment needs amplified by regulatory actions like MiCA. The project reports that more than 29 million of its tokens are already staked, reducing circulating supply ahead of its planned public launch.
Separately, institutional confidence in crypto yield products is demonstrated by BitMine Immersion Technologies, chaired by Fundstrat's Tom Lee. The firm has significantly expanded its Ethereum staking position, adding 186,560 ETH (worth roughly $625 million) to bring its total staked Ether to 1,530,784 ETH, valued at over $5.1 billion. This represents about 4% of all staked ETH on the Beacon Chain. BitMine's shares rose 3.8% in after-hours trading following the announcement.
The news also includes analysis of several other cryptocurrencies. The article presents a bullish case for Solana (SOL), noting it broke out of a falling wedge pattern and that spot Solana ETFs saw nearly $6 million in daily inflows. Polygon (POL) is highlighted for its strategic acquisitions, including Coinme and Sequence in deals worth over $250 million, aiming to transform into a US-regulated payments platform. Hedera (HBAR) and Zilliqa (ZIL) are also mentioned for showing positive price momentum and institutional interest.
