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Crypto

Crypto card spending jumps 140 percent this year on stablecoin spread

Crypto card payment processing rose to a record $12.5 billion, up 140 percent from the start of the year, Bitcoin Magazine reported, citing paymentscan.xyz. The market sees stablecoins becoming payment infrastructure and rising demand for cheaper, faster cross-border transactions. Jupiter Spend’s active cards rose 55 percent from the prior quarter. Fold Holdings began issuing its Fold Bitcoin Credit Card to some waitlist users. Aven unveiled a bitcoin-collateral Visa card with loans up to $1 million.

Crypto

Shiba Inu rebounds after Solana launch, raising questions about inflows

Shiba Inu (SHIB) rebounded after launching an official canonical version on Solana. U.Today reported that liquidity migration via the Sunrise bridge was immediately reflected in SHIB’s price. Charts showed a bullish RSI divergence, with SHIB recovering from around $0.000055 and testing the $0.0000588 to $0.0000598 resistance range. Solana’s low transaction fees were cited as a driver, while SHIB’s ERC-20 supply remained unchanged.

Crypto

Solana holds $75, but death cross raises risk of fall to $40

Solana is narrowly holding above its 50-day moving average around $75, but markets are placing more weight on the risk of further declines than an immediate rebound. Decrypt reported Solana traded down 1.22 percent at $75.06, while Myriad priced a 69 percent chance of a drop to $40 and a 31 percent chance of a rise to $160. A daily-chart death cross has formed, and indicators remain largely neutral.