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According to a report by the European media "Brussels Times" cited by Jinshi, the EU previously imposed a fine of 120 million euros on X platform, owned by Musk, for allegedly violating the Digital Services Act, and X platform has appealed this decision.This fine was imposed by the European Commission last December and is the first penalty under this digital regulatory legislation by the EU. The regulation requires large platforms to combat illegal content, misinformation, and abuse. In a statement released on its own platform, X stated that it is appealing this penalty and claimed that the EU's investigation is flawed.The company stated: "This decision stems from an incomplete and superficial investigation, with serious procedural errors, a misinterpretation of the obligations under the Digital Services Act, and systemic violations of the rights to defense and due process."

According to Gate market data, the euro against the US dollar (EUR/USD) has risen above 1.18, with an intraday increase of 0.23%.

According to Jinshi News, European stocks have widened their losses, with the German DAX index falling below 25,000 points, down 1.17% for the day. The UK FTSE 100 index fell 0.82%, the Italian FTSE MIB index dropped 1.61%, and the French CAC 40 index decreased by 0.91%.

Members of the Governing Council of the European Central Bank and President of the Deutsche Bundesbank, Joachim Nagel, stated in a speech at the American Chamber of Commerce in Germany that the introduction of euro-denominated stablecoins could provide low-cost cross-border payment services for individuals and businesses, while addressing the dollarization risks posed by dollar stablecoins.Joachim Nagel pointed out that if domestic currencies are replaced by dollar stablecoins, it would be equivalent to the dollarization of the relevant economies, which could severely undermine the effectiveness of domestic monetary policy and European sovereignty. Currently, the European Central Bank is assessing the possibility of using distributed ledger technology for non-central bank currencies, including tokenized deposits and euro stablecoins, and plans to launch a digital euro by 2029. In addition, the European Central Bank is also developing a wholesale CBDC to allow participants in financial markets to execute programmable transactions.

According to Cointelegraph, the digital asset division of the French banking group Societe Generale, SG-FORGE, has expanded its euro-pegged stablecoin EUR CoinVertible (EURCV) to the XRP Ledger. This makes it the third blockchain deployment for the token, following Ethereum and Solana, utilizing Ripple's custody infrastructure and potentially integrating into Ripple products as collateral for trading.The stablecoin is backed 1:1 by bank cash deposits or high-quality securities, with a current circulation of approximately 70.51 million tokens. It aims to enhance institutional access to euro-backed tokens and comply with the EU's MiCA regulations. This move stems from SWIFT's pilot testing of EUR CoinVertible for tokenized bond exchanges and settlements, promoting the development of euro stablecoins to counter the dominance of the dollar.

According to Gate market data, the euro against the US dollar EUR/USD has dropped over 0.5% during the day, currently reported at 1.1795.

According to market news, European Central Bank President Christine Lagarde is considering stepping down before her term ends in October 2027, so that French President Macron and German Chancellor Merz can reach an agreement on her successor before the French elections in April 2027.A spokesperson for the European Central Bank later responded that Lagarde is "fully focused on her mission and has not made any decisions regarding the end of her term." Lagarde's potential early departure comes at a critical time for the advancement of the digital euro by the European Central Bank. Under her leadership, the European Central Bank has been continuously advancing the preparations for the digital euro and has repeatedly emphasized the need to manage the risks of private digital currencies such as stablecoins within the framework of the EU's Markets in Crypto-Assets Regulation.Lagarde herself has long held a critical stance towards cryptocurrencies like Bitcoin, describing them as "highly speculative," "worthless," and "not backed by any underlying assets." If there is a change in the leadership of the European Central Bank, it could affect the institution's communication focus and priorities regarding the digital euro, stablecoin regulation, and crypto-related payment arrangements, although the overall regulatory direction has already been established at the EU level.

According to Jinshi News, European stocks have risen further, with the German DAX index up 1% for the day, the UK FTSE 100 index up 1.09%, the Euro Stoxx 50 index up 1.02%, and the Spanish IBEX 35 index up 1.33%.

According to Jinshi News, ECB Executive Board Member Fabio Panetta: The digital euro network will be ready for use by private payment systems before 2029.

According to a post by ProCap's Chief Investment Officer Jeff Park on the X platform, the latest 13F filing from BlackRock's iShares Bitcoin Trust (IBIT) reveals that Laurore Ltd is the largest new holder, with a position size of approximately $436 million, and it holds only one asset, IBIT. Jane Street is the second largest holder of IBIT for Q4 2025.It is worth noting that Laurore Ltd currently has no official website or publicly disclosed background, nor does it have a historical investment portfolio, and its corporate structure is listed as a Ltd entity.

According to Financefeeds, stablecoin infrastructure provider BVNK has obtained a Crypto Asset Service Provider (CASP) license issued by the Malta Financial Services Authority (MFSA), allowing it to offer digital asset services regulated under the EU's Markets in Crypto-Assets Regulation (MiCA) in Malta and expand these services across the European Economic Area (EEA).This license enables BVNK to operate under the EU's unified regulatory framework for crypto and digital asset service providers. BVNK stated that this approval strengthens its role as a regulated bridge between traditional euro payment rails and stablecoin settlements, primarily targeting businesses seeking compliant cross-border settlement solutions.

According to Cointelegraph, the President of the German Central Bank, Joachim Nagel, stated that stablecoins pegged to the euro would provide Europe with more independence, allowing it to move away from dollar-pegged stablecoins that are set to be approved under the "GENIUS Act."Joachim Nagel, the President of the Deutsche Bundesbank (German Central Bank), supports the launch of a central bank digital currency pegged to the euro as well as payment-type stablecoins denominated in euros. In a preparatory speech at the American Chamber of Commerce's New Year reception in Frankfurt on Monday, Nagel mentioned that EU officials are "working hard" to advance the rollout of retail central bank digital currencies. He believes that euro-denominated stablecoins will also help "make Europe more independent in terms of payment systems and solutions.""It is worth noting that wholesale central bank digital currencies will enable financial institutions to make programmable payments using central bank money," Nagel stated. "I also see the value of euro-denominated stablecoins, as they can allow individuals and businesses to make cross-border payments at a low cost."Nagel's remarks come months after U.S. President Trump signed a bill to establish a regulatory framework for payment-type stablecoins in the country. This legislation could pose a challenge to any potential euro-pegged stablecoins. The law is expected to be fully implemented 18 months after signing or 120 days after relevant regulations are finalized. The German central bank president's comments on stablecoins did not mention the risks he referred to at the Euro50 Group meeting last week.Nagel warned that if the market share of dollar-denominated stablecoins significantly exceeds that of euro-pegged stablecoins, domestic monetary policy "could be severely compromised, not to mention that Europe's sovereignty could be weakened."

According to Jinshi News, ECB Governing Council member Nagel stated that euro-denominated stablecoins could facilitate cheap international transfers, complementing the European Central Bank's efforts to promote the digital euro.He pointed out that Europe must become more independent in its payment systems and emphasized the importance of creating a digital euro. Nagel mentioned that euro-denominated stablecoins could be used by individuals and businesses for low-cost cross-border payments, indicating that the ECB's attitude towards this area is becoming more open.

According to Gate market data, non-US currencies generally plunged, with the euro against the dollar EUR/USD dropping more than 60 points in the short term, currently at 1.1855; the pound against the dollar GBP/USD falling more than 70 points in the short term, currently at 1.362; and the dollar against the yen USD/JPY rising nearly 100 points in the short term, currently at 154.46.

According to Jinshi reports, ECB Governing Council member Nagel stated that the European Central Bank is unlikely to react to a temporary slowdown in inflation, as the current inflation risks are roughly balanced and the current interest rate level is appropriate.

According to Gate's market data, the euro against the US dollar EUR/USD has risen over 0.5% during the day, currently reported at 1.1872.

According to Jin Ten reports, ECB Governing Council member Simkus stated that the probability of a rate hike or a rate cut next time is 50% each.

According to sources, Eurozone finance ministers will discuss the issuance of euro-denominated stablecoins and ways to enhance the euro's monetary status through more joint EU debt.

Several European tokenization and market infrastructure companies have jointly written to EU lawmakers, urging for a prompt revision of the EU's DLT Pilot Regime. Securitize, 21X, Boerse Stuttgart Group, and others pointed out that the current asset scope, issuance size limits, and six-year license restrictions have hindered the expansion of regulated on-chain markets.Relevant institutions believe that if adjustments are delayed, global liquidity may permanently shift in favor of the U.S. due to advancements in tokenized securities and near-real-time settlement. The proposal is not about relaxing regulations, but rather about technically "quickly revising" to expand the scope of eligible assets, raise limits, and remove time restrictions to maintain the competitiveness of European capital markets.

According to Jinshi, the European Stoxx 600 index fell by more than 1%.