Fintech firm Ramp Network has introduced a new multichain self-custodial wallet aimed at reducing one of crypto’s biggest usability challenges, the need to rely on multiple third-party services for basic transactions.

The company says the wallet allows users to buy, sell, swap, and cash out digital assets within a single app, streamlining the overall experience.

All-in-One Crypto Experience

Unlike many wallets that depend on external providers, Ramp’s new product integrates its own on-ramp, off-ramp, and cross-chain infrastructure directly into the app.

This means users can complete key actions like trading or withdrawing funds without being redirected to other platforms.

Ramp says the goal is to simplify self-custody while still allowing users to retain full control over their assets.

Multichain Support at Launch

The wallet launches with support for Ether across eight networks, including Ethereum, Arbitrum, Base, Linea, MegaETH, Optimism, Polygon zkEVM, and zkSync Era.

Ramp plans to expand support to additional networks such as Bitcoin, Solana, Binance Smart Chain, Polygon, Apechain, Avalanche, Celo, and Gnosis in future updates.

To facilitate transactions, the wallet uses USDC on the Base network as a core balance for payments and transfers.

Focus on Security and User Control

Despite offering an integrated experience, Ramp emphasized that the wallet remains fully self-custodial.

Users retain control of their private keys, with security features including passkeys and optional key export functionality.

The company said this approach aims to make non-custodial wallets easier to use without compromising ownership of funds.

Not Available in the EU Yet

The wallet will be available globally, except in the European Union.

Ramp Network is already registered as a Crypto Asset Service Provider under the EU’s MiCA framework, but additional regulatory approvals are required before launching the wallet in the region.

According to CEO Przemek Kowalczyk, those steps are expected to be completed in the coming months.

Competing in a Crowded Wallet Market

Ramp’s entry adds to a growing list of wallets offering integrated features, including MetaMask, Phantom, Best Wallet, and Exodus, which already support in-app swaps and asset purchases.

However, Ramp is positioning its product as more streamlined by reducing the number of intermediaries involved in each transaction.

Simplifying a Fragmented Experience

Kowalczyk said the company built its own infrastructure to eliminate friction points that typically occur when users switch between services.

By combining payments, trading, and cash-out features into a single system, Ramp aims to make the crypto experience more consistent and user-friendly while maintaining the core principle of self-custody.

HIVE Digital Technologies is preparing to raise $75 million as it accelerates its shift from Bitcoin mining toward AI-driven computing and data center infrastructure.

The company announced plans to issue 0% exchangeable senior notes due in 2031, with the offering targeting institutional investors and including an option to raise an additional $15 million.

Funding Focused on GPUs and Data Centers

HIVE said the proceeds will be used to expand its high-performance computing capabilities, including investments in graphics processing units and data center infrastructure.

The notes will be issued through a wholly owned subsidiary and can be converted under certain conditions, with HIVE retaining flexibility to settle conversions in cash, shares, or a mix of both.

The company also plans to enter capped call transactions to help limit potential shareholder dilution from future conversions.

Stock Drops Following Announcement

Following the news, HIVE’s Nasdaq-listed shares fell 11.5%, underperforming the broader crypto mining sector. The CoinShares Bitcoin Mining ETF also declined slightly by 1.5%.

Despite the market reaction, the raise reflects HIVE’s longer-term strategy to diversify beyond traditional mining revenue.

Pivot to AI Already Underway

HIVE was among the early Bitcoin miners to pivot into high-performance computing, beginning the transition in 2022.

That strategy is starting to show results. In its most recent quarter, the company reported $93.1 million in revenue, up 219% year over year, even as Bitcoin prices remained under pressure and mining difficulty increased.

Earlier this year, HIVE also signed a $30 million deal to deploy 504 Nvidia B200 GPUs for enterprise AI cloud services, signaling deeper involvement in the AI infrastructure space.

Mining Industry Shifts Toward AI

HIVE is not alone in this transition. A growing number of publicly traded Bitcoin miners are moving into AI and high-performance computing.

Companies such as MARA Holdings, Riot Platforms, Bitdeer Technologies, TeraWulf, Hut 8, CleanSpark, and IREN are all leveraging their existing energy access and data center infrastructure to support AI workloads.

This trend reflects a broader industry shift as miners look to stabilize revenues and capitalize on rising demand for AI computing power.

AI Infrastructure Becomes Key Growth Driver

The move toward AI is gaining momentum across the sector.

CoreWeave, a former crypto mining firm, has emerged as a major player in AI cloud infrastructure after pivoting years earlier. The company recently signed a $6 billion deal with trading firm Jane Street and secured a $1 billion equity investment, highlighting the scale of demand for compute resources.

At the same time, other players like Soluna Holdings are restructuring operations to focus more heavily on AI-ready data centers.

Expansion Plans Continue

In addition to the fundraising, HIVE said it has received conditional approval to list its shares on the Toronto Stock Exchange, with trading expected to begin later this month once requirements are met.

As the company deepens its AI strategy, the planned raise signals a continued shift away from reliance on Bitcoin mining toward a broader role in powering next-generation computing infrastructure.

Ukrainian authorities have arrested a suspected member of an international cybercrime network wanted by the FBI, in a case tied to more than $100 million in alleged fraud and money laundering across the US and Europe.

The arrest took place in the Transcarpathia region during a coordinated operation involving Ukraine’s national police and other security agencies.

Suspect Lived Under Fake Identity

According to officials, the suspect had been on international watchlists for some time and was eventually located in Uzhhorod, where he had been living under a false identity.

Investigators said the individual went as far as creating fake documents declaring his own death, allowing him to operate under a new identity while evading authorities.

He is accused of laundering illicit funds through real estate purchases and other assets, often using relatives to conceal ownership and obscure financial trails.

$100M Cybercrime Network Targeted US and Europe

Authorities say the suspect was part of a broader cybercrime syndicate that used malware to steal sensitive personal and corporate data.

The group allegedly extorted victims by demanding payments in exchange for not releasing stolen information or for restoring access to compromised systems.

Targets included both individuals and organizations across the United States and Europe, contributing to total estimated losses exceeding $100 million.

$11M in Assets Seized, Including Crypto

During the investigation, law enforcement seized assets worth approximately $11 million.

This included cash, real estate, vehicles, and around $3 million in cryptocurrency.

Officials also identified significant discrepancies between declared income and actual assets among individuals connected to the suspect, uncovering large amounts of unexplained wealth.

The financial evidence helped investigators map out parts of the laundering operation and identify at least two additional accomplices.

Charges Filed Against Suspect and Associates

The suspect now faces charges under Ukrainian law related to document forgery and money laundering.

Authorities confirmed that the identified accomplices have also been charged and remain in custody.

Ongoing Crackdown on Cybercrime

The case is part of a broader effort by Ukrainian and international authorities to dismantle cybercrime networks.

Earlier this year, a joint investigation involving Ukraine, the US, and Germany uncovered another hacking group responsible for ransomware attacks on at least 11 US companies, causing roughly $1.5 million in damages.

That group was linked to the spread of BlackBasta malware, with multiple suspects identified and assets seized during raids.