MEXC On-chain Daily Report： Revolut to Delist USDT by the End of August as European Compliance Tightens

Updated: July 6 2026, 09:30 (UTC+8) | Author: MEXC

1.Headlines

• Revolut to Delist USDT by the End of August as European Compliance Tightens

• Vitalik Unveils Ethereum's Five-Year Simplification Roadmap

• Crusoe Seeks $3 Billion Funding to Expand AI Computing Infrastructure

• Solana Ranks First Among Public Blockchains in Seven-Day Active Addresses

• German Domestic Banks Accelerate Crypto Trading Expansion

2.Industry Updates

Analysis: The UK's FCA Crypto Regulatory Framework Faces High Compliance Hurdles

According to CoinDesk, the UK's Financial Conduct Authority (FCA) has officially released its crypto regulatory framework, allowing overseas exchanges to serve UK users through locally authorized entities while accessing global liquidity. The framework also permits compliant overseas stablecoins to circulate within the UK market. Industry observers believe the framework could attract more institutional capital, though uncertainties remain regarding licensing standards, compliance requirements, and DeFi regulations. Execution efficiency is expected to be a key factor in determining the UK's competitiveness as a global crypto hub.

Kalshi Faces Legal Challenges Across Multiple U.S. States as North Carolina Moves Toward Taxation

According to CoinDesk, prediction market platform Kalshi continues to face regulatory disputes across several U.S. states, with legal proceedings underway in Nevada, Michigan, and Minnesota, and potential appeals reaching the U.S. Supreme Court. Meanwhile, North Carolina is advancing legislation to tax prediction market revenues. As prediction markets expand rapidly, regulatory jurisdiction and taxation policies are becoming major factors influencing future industry growth.

Visa, M-Pesa, and Onafriq Launch Stablecoin Cross-Border Payment Pilot in the Democratic Republic of Congo

According to Bitcoin.com News, Visa, M-Pesa, and Onafriq have launched a stablecoin-based cross-border payment pilot in the Democratic Republic of Congo. The initiative focuses on mobile wallet top-ups, international remittances, and cross-border commercial settlements using U.S. dollar stablecoins. The project aims to reduce remittance costs across Sub-Saharan Africa while improving payment efficiency, highlighting the growing adoption of stablecoins in emerging markets.

Bio Protocol Launches OpenLabs to Fund Scientific Research Through USDC Yield

According to Odaily, decentralized science (DeSci) protocol Bio Protocol has launched OpenLabs, a collaboration platform connecting human researchers with AI agents. The platform allocates deposited USDC into yield-generating protocols such as Morpho and Aave, using generated returns to finance scientific computing and AI inference while preserving users' principal. Successful research projects may later raise capital through token issuance or traditional financing channels.

Moonbeam Repositions as AI Agent Communication and Settlement Network

According to Odaily, Moonbeam has announced a strategic transformation toward becoming an AI agent communication and settlement infrastructure. The GLMR token will migrate to Base on a 1:1 basis as a native ERC-20 asset. Token migration will remain open through July 31, while users holding GLMR on centralized exchanges will not need to take any action. The transition reflects Moonbeam's broader shift toward AI infrastructure development.

Sui Introduces Privacy Messaging App and Announces Upcoming TPS Stress Testing

According to Odaily, Sui released its latest ecosystem update, including the launch of LoquaApp, a privacy-first messaging application supporting AI agent interactions and peer-to-peer payments. The network also announced the upcoming Sui Tunnels experiment, designed to conduct extreme TPS stress testing while continuing to strengthen infrastructure, developer tools, RWA initiatives, and Bitcoin-related financial applications.

CryptoQuant: Memecoin Market Share Falls to Three-Year Low

According to Odaily, CryptoQuant analyst Darkfost stated that memecoins now account for only 3.7% of the total altcoin market capitalization, the lowest level in nearly three years. Compared with the peak above 10% recorded in November 2024, investor interest has cooled significantly, with capital gradually rotating back into broader crypto assets and infrastructure sectors.

Global Markets Focus on Fed and ECB Meeting Minutes This Week

According to Jin10, global financial markets will closely monitor the release of the Federal Reserve and European Central Bank meeting minutes, alongside key economic indicators including the U.S. ISM Services PMI and Initial Jobless Claims. Meanwhile, major companies such as PepsiCo, Delta Air Lines, and Levi Strauss will begin reporting quarterly earnings. Investors will closely watch monetary policy signals, macroeconomic data, and corporate earnings for their potential impact on crypto and broader risk assets.

3.MEXC Market Heatmap

Data Source: Real-time MEXC market data as of 09:30 (UTC+8). Figures are subject to change with market movements.

Top 24H Gainers

• CZ/USDT(+413.73%)

• PERM/USDT (+99.30%)

• KAZAR/USDT(+57.85%)

Top 24H Trading Volume

• ETH/USDT (422.039M)

• BTC/USDT (417.419M)

• SOL/USDT (45.822M)

Trending Meme Tokens

• NEET/USDT

• TJR/USDT

• FARMTOWN/USDT

4.On-Chain Calendar

High-Risk Token Unlocks

• Pump/USDT — July 12, 15:41 (UTC+8): 140.11M tokens to be unlocked, representing 25.6% of the circulating supply, indicating extremely high short-term selling pressure.

Key Macro Events

• July 6, 23:00 (UTC+8): ECB Executive Board Member Isabel Schnabel Speech — May provide policy signals affecting global capital flows.

• July 6: Federal Reserve Governor Christopher Waller Speech — May influence expectations for U.S. monetary policy and the U.S. dollar.

• July 7, 20:15 (UTC+8): U.S. ADP Employment Change — A key indicator of labor market conditions and Federal Reserve policy expectations.

• July 6, 17:00 (UTC+8): Eurozone Producer Price Index (MoM & YoY) — May shape inflation expectations and ECB policy outlook.

• July 6, 22:30 (UTC+8): Bank of Canada Business Outlook Survey & Consumer Expectations Survey — May influence North American inflation expectations and currency markets.

5.Security Alert

Speculation in the memecoin market has intensified recently, with some tokens posting gains of several dozen or even several hundred times within a short period, attracting aggressive momentum buying. However, these assets are primarily driven by market sentiment, trending narratives, and speculative capital rather than sustainable fundamentals, making them highly volatile and vulnerable to sharp corrections or liquidity shortages. Scammers are also exploiting the hype by issuing counterfeit tokens with identical names or creating phishing websites to deceive investors. Users are advised to avoid FOMO-driven trading, always verify official contract addresses and project information before making transactions, manage position sizes carefully, and remain vigilant against fraudulent projects to better protect their digital assets.

MEXC Chain Observation Daily, updated daily, strives to provide professional, timely, and in-depth market analysis for cryptocurrency practitioners. Welcome to share and subscribe.

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Risk Warning: The content of this article is for reference only and does not constitute any investment advice. The cryptocurrency market is volatile, please make a cautious decision based on your own situation.