USD.AI and BSQ Capital Partners have formed a joint venture to finance up to $300M of AI compute across Asia-Pacific, structured as GPU-backed financings.

The initial deployment targets $300M, with a path to upsize to $1B once performance milestones are met — channelling onchain credit into real-world GPU infrastructure to meet surging regional AI-compute demand.

Revolut has notified users that it will remove USDT from its list of supported assets for affected European accounts.

Buying USDT is available until July 6, deposits stop on July 30, and users can still sell or withdraw their USDT until August 31. After that, any remaining balance will be automatically converted to fiat.

The move comes as MiCA continues to reshape stablecoin access across the EU. Reuters reported that Revolut already holds a MiCA licence, while EU regulators have warned crypto firms without authorization to put orderly wind-down plans in place.

Revolut's decision adds another major consumer platform to the list of venues reducing USDT support in Europe. For users holding USDT on Revolut, the key dates are now July 6, July 30, and August 31.

Variational has launched “swaps” — an onchain instrument that connects crypto markets with TradFi liquidity, offering tighter spreads and deeper liquidity.

Funding is made predictable through dealer-backed OTC execution, bridging onchain markets with institutional-grade liquidity. The new instrument is slated to launch in Q3.

Interfold — infrastructure for multiplayer privacy that lets independent parties coordinate without exposing inputs — has laid out full details for its FOLD token auction, a Continuous Clearing Auction (CCA) on Uniswap.

Registration & verification: July 6–7 (KYC via Predicate). Auction: July 8, 10am ET → July 10, 10am ET. Starting CCA price $0.0167, starting FDV $20M, 120M FOLD up for auction (of a 1.2B supply), plus a 48M FOLD airdrop. FOLD transferability / TGE target: Aug 19, with a 40-day cooldown on auction-bought FOLD.

Bidding runs through the official Uniswap CCA interface — participants set a max FDV and budget, and successful bids clear at the same price.

Ripple has received full Crypto-Asset Service Provider (CASP) authorisation from Luxembourg's CSSF, completing its MiCA requirements and confirming it as fully compliant across the European Economic Area.

Its end-to-end regulated crypto-payments product is now available to financial institutions, corporates and businesses across all 30 EEA countries. Ripple is now one of a small number of firms with full MiCA authorisation, part of a global portfolio of 75+ regulatory licenses.

“Ripple enters the post-transitional MiCA era fully compliant and ready to scale,” said Cassie Craddock, Managing Director UK & Europe at Ripple.

This week featured new corporate treasury announcements across Bitcoin, Ethereum, and Solana, while ETF flows remained mixed, with continued outflows from BTC and ETH products and modest inflows into select altcoins.

Corporate Treasuries

- Strategy sold 3,588 BTC to fund dividends on its digital credit securities

- Metaplanet increased its holdings to 43,000 BTC.

- BitMine launched its ETH treasury strategy

- Forward Industries acquired 500K+ SOL, bringing holdings to 7.55M+ SOL

ETF Flows

Bitcoin ETFs: -$526M net outflows (8th consecutive week)

Ethereum ETFs: -$13.7M net outflows

DeFi protocol Summer Finance has been drained of roughly $6M on Ethereum, according to on-chain security firm PeckShield, which flagged the attack.

The team has issued no official statement so far, and the exact attack vector is not yet confirmed. Around $6M in assets were moved out of the protocol before the alert.

Ethereum co-founder Vitalik Buterin has sketched the chain's third major era — “Lean Ethereum” — with upgrades expected to land over the next three to four years.

Highlights: recursive STARKs become a native verification component; quantum-vulnerable cryptography is swapped for post-quantum alternatives; a new “scalable state” type targets 100 TB by 2030 (cutting costs for some tokens 10x+); and RISC-V / leanISA VMs are explored for programmable privacy.

The near-term Glasterdam upgrade is also expected to significantly raise Ethereum's gas limit.

Moonbeam Network — one of Polkadot's earliest and biggest parachains — is fully leaving the ecosystem after ~4 years and migrating its GLMR token to Base, Coinbase's Ethereum L2.

Holders have until July 31 to bridge GLMR 1:1 to a new ERC-20 on Base through a dedicated migration portal. Centralized exchanges are expected to swap custodied balances automatically.

The move ends a four-year run on Polkadot and repositions Moonbeam inside the Ethereum ecosystem as a decentralized network for AI-agent infrastructure and communications.

OKX Ventures has taken a ~20% stake in Coinone, one of South Korea's largest crypto exchanges, becoming a joint third-largest shareholder alongside Korea Investment & Securities — each now holds 19.6%.

The stake is part of a 160B KRW (~$106M) package of new and existing shares. Founder & CEO Cha Myung-hoon stays the top individual shareholder at 27.8% with full management control; Com2uS Holdings & affiliates hold 25%.

Beyond capital it's a technology deal: Coinone will integrate OKX's matching engine, custody system and wallet technology to sharpen trading infrastructure, compliance and institutional services. OKX CEO Star Xu noted Cha's white-hat security background fits OKX's engineering-first culture.