The infrastructure provider will support the planned launch of Western Union’s USDPT stablecoin on Solana, linking blockchain payments to its global payout network. Crossmint has partnered with Western Union to support the launch of the remittance company’s USDPT stablecoin and its new Digital Asset Network on the Solana blockchain. Wednesday’s announcement said the collaboration will integrate Crossmint’s wallet and payment APIs with Western Union’s infrastructure, allowing fintech platforms to move funds using the stablecoin and connect to Western Union’s global payout network. That Digital Asset Network is intended to link stablecoins with the company’s existing payout infrastructure, enabling users to convert digital dollars into local currency through its network of more than 360,000 cash pickup locations worldwide. Read more
Solana price eyes a potential rise toward the $110-$115 range, according to a confluence of bullish technical and onchain indicators. Solana’s SOL (SOL) has rallied 10% over the past 24 hours, rising to an intraday high of $86 on Wednesday. The recovery was accompanied by a leap in futures activity, with SOL’s open interest rising by more than 5% to $5.27 billion. Analysts are now focusing on the short-term technical setup and fundamental indicators that may signal a major turning point for SOL. Read more
A drop in Solana’s dApp revenues, along with limited institutional and retail investor interest, adds vulnerability to SOL’s $78 support. Key takeaways: SOL is struggling to hold $80 as a 75% drop in futures' open interest shows that traders are heading for the exits rather than opening new bets. Solana remains heavily dependent on retail and memecoin activity, while Ethereum maintains its lead in high-value decentralized finance. Read more