Search results for Kast
Crypto
Crypto card daily spending hits record high as Visa network and regulatory overhaul drive growth
Daily spending on cryptocurrency payment cards hit a record $36.82 million on July 20. Data showed usage has roughly tripled over the past year even as major crypto prices moved sideways. KAST led daily card payments with $13.64 million, briefly overtaking Hong Kong stablecoin payments firm RedotPay, though the lead flipped back within 24 hours. Market participants cited regulatory clarity and Visa network access as key drivers, while some attributed the spike to KAST incentives.
Crypto
June crypto card top-ups surge, bucking broader trading slump
Weekly top-ups for crypto cards hit a June peak, even as broader crypto trading sentiment remains subdued. Ten crypto-based projects reached highs in usage and transaction volume in June, and the top five set new usage records in early July. Growth is linked to wider stablecoin use and fintech integration, though some warn aggressive rewards and airdrop promises may be inflating demand. Regulatory scrutiny and custody structures remain key risks.
Crypto
Movement reborn as layer1 blockchain from layer2
Movement, an Ethereum layer2 blockchain that drew controversy over a mass token selloff scandal, is restarting as an independent layer1 blockchain. Move Industries\' new CEO Torab Torabi outlined a new vision focused on a stablecoin payments platform targeting emerging markets. The company has partnered with regulated money transmitters and e-money institutions in the United States, Canada and the European Union to gain access to licensed payment networks, and is working with several crypto firms and projects.
