Revolut has notified users that it will delist Tether's USDT stablecoin by August 31, 2026. Purchases of USDT will be disabled from July 6, deposits will be rejected after July 30, and any holdings not sold or withdrawn by August 31 will be automatically converted into the user's base currency at the prevailing exchange rate. The company cited "regulatory and risk considerations" without specifying which regulations triggered the decision or whether the delisting applies globally or only in certain jurisdictions. Revolut did not respond to a request for comment on either point.

As of July 1, crypto companies operating in the European Union without authorisation under the MiCA regulation are doing so illegally. The transition period that gave firms time to prepare has ended, and national regulators across the bloc have begun issuing notices demanding that unauthorised providers wind down operations or face enforcement.

Bitcoin fell as low as $59,023 on Wednesday, dropping 5.4% and breaking below $60,000 for the first time since October 2024 — a level traders have treated as significant support for much of the past two years. The move came as US equity markets extended a three-day losing streak, with the S&P 500 down 0.3% and the Nasdaq falling 0.8% in Wednesday afternoon trading. Asian markets also sold off earlier in the session, with chipmakers Samsung Electronics and SK Hynix among the hardest hit as investor appetite for stretched valuations continued to deteriorate.

The US under Trump administration has agreed to release $6 billion of Iranian oil revenues held in Qatar, allowing Tehran to use the funds exclusively to purchase American agricultural and medical products. In a Truth Social post on Tuesday, Trump said the money would be spent on "corn, wheat, and soybeans from our great American Farmers" as well as food and medical supplies, framing the release as a humanitarian necessity. A person briefed on the talks said the funds would be released in phases tied to progress in future negotiations, with a further $6 billion potentially available under the same framework if Iran spends the initial tranche and talks advance.

The Bank of Japan raised its short-term policy rate by 0.25 percentage points to approximately 1% on Tuesday, bringing borrowing costs to their highest level since 1995. The move was widely expected and marks what analysts describe as a critical milestone in Japan's effort to normalise monetary policy after decades of ultra-low interest rates and persistent deflation.