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Three of the marquee names attached to Open USD (OUSD) — Samsung, Dunamu (the parent of Korean exchange Upbit) and internet bank K Bank — say they never formally agreed to join the consortium, and were caught off guard to find themselves listed as partners.

OUSD, backed by Open Standard, was unveiled as a revenue-sharing stablecoin standard with a roster of 140+ "major partners" spanning Coinbase, BlackRock, Visa, Stripe and Mastercard — pitched as a serious challenger to Circle's USDC.

The public denials from three high-profile Korean players cast doubt on how firmly that partner lineup was actually locked in — and on how much of OUSD's headline momentum is real rather than aspirational.

Solana has gone live with onchain governance, letting validators and SOL stakers formally propose, back and vote on core protocol changes directly on the network.

Opening a proposal requires 100,000 SOL staked — around $7.7M — a deliberately high bar to keep out spam and low-effort proposals.

It shifts Solana's protocol decisions onchain, formalizing what had mostly run off-chain through core teams.

On its NYSE listing day, Securitize tokenized its own public stock (SECZ) on both Avalanche and Solana — putting its shares onchain the moment they went public.

A rare eat-your-own-cooking moment: the RWA-tokenization firm behind BlackRock's BUIDL fund now runs its own equity as an onchain token, tradable alongside its NYSE-listed shares.

It underscores how tokenized public equities are moving from pilots to real listings on major chains.

eToro led a $12.5M funding round for Extended, an onchain perpetual-futures exchange built by a former Revolut crypto team, alongside Jump Crypto and Alber Blanc.

Extended has cleared over $245B in volume across 100+ perp markets. eToro plans to wire its engine into Zengo, the self-custody wallet it acquired for $70M in April — letting users trade onchain derivatives while keeping custody.

It's part of a broader broker race into DeFi, with eToro citing "growing demand for seamless access to DeFi products" as Robinhood pushes its own onchain rails.

Tokenized infrastructure reached operational scale this week, with major traditional finance players launching active services and platforms deploying concrete integrations rather than announcements.

🔎 Recent Updates & Developments

– Open Standard unveiled Open USD backed by 140+ partners

– Standard Chartered became first G-SIB offering USDC minting and redemption

– Ondo launched tokenized stocks on Ethereum including iShares S&P 500 ETF

– Robinhood Layer 2 went live on mainnet with full settlement stack

– Ethena integrated USDe into BlackRock’s Aladdin managing $20 trillion

– Plume and FalconX launched a $1B RWA facility for prime brokerage loans

– SK Hynix filed for a $29B Nasdaq listing as dominant AI HBM maker

– Venice AI raised $65M at $1B valuation led by Dragonfly

Standard Chartered and Circle have launched institutional USDC minting and redemption — making Standard Chartered the first global systemically important bank (G-SIB) to offer it through a regulated banking channel.

The service runs out of the Dubai International Financial Centre (DIFC), giving institutions a bank-grade on-ramp to mint and redeem USDC directly against Circle's reserves.

It's a milestone for stablecoin adoption — a top-tier global bank plugging USDC straight into regulated finance.

Avalanche Treasury Corp told the SEC its ability to continue as a going concern is in doubt after its Nasdaq-listed stock (AVAT) fell 93% in a month — from over $10 to under $0.73.

The firm holds ~15M AVAX (about 3.5% of supply), which it paid roughly $265M for — a position now worth less than half. It disclosed the going-concern risk in a July 1 SEC filing.

It's one of the starkest failures yet among the wave of crypto "treasury" companies that levered up on tokens.

dYdX Labs has rebranded its exchange as Arcus, a next-generation DEX it built jointly with Robinhood Crypto and launched July 1 on Robinhood Chain. Arcus lists 95 tokenized US stocks for spot trading plus waitlisted perpetuals, with 0% web trading fees and pre-IPO access planned. The year-long build pairs dYdX's on-chain derivatives with Robinhood's retail reach. dYdX Labs stays independent, and the DYDX token remains — though it slid ~23% after the announcement.

On-chain investigator ZachXBT says the exchange AscendEX (formerly Bitmax) has been delaying or failing to process user withdrawals for weeks — while still accepting deposits. As of July 2, AscendEX has stayed silent on X for nine days. A large affected user says co-founder George Cao isn't responding to their concerns, and ZachXBT is urging anyone with stuck funds to file reports with law enforcement and regulators. AscendEX previously lost ~$78M in a December 2021 hack attributed to the Lazarus Group.