Crypto World
Crypto payment security and trust in infrastructure providers
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Crypto payments gain mainstream traction as trust and infrastructure become central to industry growth.
Summary
- Crypto payments are mainstream, with trust and security now critical as infrastructure maturity defines industry credibility.
- The CoinsPaid incident shows strong security lies in response, protecting funds, restoring services, and transparent communication.
- Upgrades like CCSS Level 3 for CryptoProcessing by CoinPaid highlight ongoing security improvements shaping trust in crypto payments.
Crypto payments are joining credit cards and bank payments as mainstream payment methods. In 2025, the total crypto market cap crossed $4 trillion for the first time, mobile wallet use hit a new high, and active crypto users reached hundreds of millions. Scale also changes the conversation for businesses. Speed and global reach still matter; however, trust now comes first.
Trust in crypto payments starts with the blockchain infrastructure. It protects funds, handles data with care, follows compliance rules, and keeps services stable under pressure. Security standards make or break the credibility of the entire industry at this point.
What crypto payment security means in practice
For merchants, security is not one control or one audit. It is a set of working systems that support every transaction from start to settlement. There are a few things to consider here:
- Fund protection
Customer due diligence, KYB checks, AML controls, an MLRO, precise risk scoring, and accounting documentation are all important for merchants. Exchanges and liquidity are also a part of that system – the more a provider can cut price volatility exposure at the point of sale, the better it protects the business side of the transaction.
- Data protection
Different regions have varying data management regulations, and payment data can be especially sensitive. Providers need to undergo independent audits, ensure data security, and demonstrate their ability to prevent the exposure of personal data. Mature security must be reviewed, tested, and renewed regularly, with relevant certifications such as ISO, SOC 2, and others.
- Regulatory compliance
Payment service providers need to hold relevant licenses in some jurisdictions, in addition to transaction screening and KYC/KYB policies that ensure compliance with AML and sanctions regulations. Compliance is becoming increasingly important as cryptocurrencies enter mainstream markets alongside credit card payments, with various consumer protections and expectations attached.
- User protection
A strong payment provider does not stop at moving funds from one wallet to another. It builds a process that reduces confusion, tracks transaction status, supports reconciliation, and provides clients with clear visibility into what is happening. Accurate reporting is part of operational security because it reduces risks and promotes transparency.
The reality of risk
No serious infrastructure provider sells the fantasy of total immunity. Digital payment systems handle value, data, credentials, and access rights. That makes them a natural target for attackers. In 2025, more than $6.7 billion had been stolen from cryptocurrency services. The lesson is not that crypto payments in particular are risky; for example, $20-30 billion gets stolen from businesses in credit card fraud each year. The lesson is that mature companies prepare for stress, respond fast, and recover in a controlled way.
This is the point many outside the industry miss. Trust does not come from pretending incidents never happen. Trust comes from the way a provider performs on a hard day. Preparedness, speed of response, system resilience, and clear communication tell clients far more than any slogan ever will.
Elements of a mature incident response
A strong incident response usually has four parts:
- Rapid detection. Internal measures must trigger alarm systems and help the team stop malicious activity quickly. Early detection limits damage and provides a real starting point for recovery.
- Containment. Attack vectors must be isolated, major partners must be alerted, and reports must be filed with law enforcement and relevant authorities.
- Recovery. Systems need to be quickly returned to operation once risk exposure is eliminated. Good recovery work restores core functions first and then stabilizes the rest.
- Communication. Clients need facts, not noise. Any payment company dealing with an incident must maintain active communication and ensure the security of client funds.
Coinspaid case: Examining an incident response
In 2023, the blockchain payment infrastructure provider Coinspaid faced a security incident with its payment gateway, CryptoProcessing. Service availability was affected, and the company lost an estimated ~$30 million. The incident was quickly contained, and no customer funds were lost.
This serves as a good case study of a mature security system:
- Detection systems helped find, assess, and ultimately limit the damage.
- Containment quickly moved to protect customer funds, all of which were secured.
- Core services returned, with the gateway handling 80% of its usual volume within a week.
- Communication stayed public and proactive throughout the incident.
The situation proved that security in crypto payments is a live, operational discipline. Public reporting from the company showed that the issue affected platform availability and company revenue, but not client funds. Updates then showed recovery progress within days. That is how mature infrastructure should be judged – by the quality of the response once an incident appears.
That measured response also helps reduce reputational risk. A defensive tone would have weakened trust. Silence would have weakened it too. A calm public record, built around fund protection, service recovery, and concrete actions, does the opposite and shows control under pressure.
Security work after the incident
Another sign of maturity in both systems and businesses is how recovery is handled. Blockchain payment providers, like any business handling funds or data, regularly face challenges and know how to address vulnerabilities and harden defenses following incidents.
Going back to our example, after the 2023 incident, Coinspaid outlined a series of security steps. The list included ISO 27001 work, stronger development standards, FIDO2-based authentication, hardware security review, external security audits, bug bounty activity, continuous traffic analysis, and ongoing team training.
More recently, in April 2026, CryptoProcessing by Coinspaid announced CCSS Level 3 certification for its wallet and key management infrastructure. These moves are all signs of a provider that keeps building years after the urgency has passed. Follow-through helps the market move forward and serves as a confidence signal for existing and future users.
Transparency as a trust factor
Security and transparency belong together. A provider may have strong internal controls, but trust weakens fast when clients cannot see service health in real time.
That is why public status infrastructure matters. CryptoProcessing’s status page at official website shows live service health across back office, API servers, transaction processing, deposits, withdrawals, exchanges, and invoicing. It also shows 90-day uptime, past incidents, maintenance notices, and offers various subscription options to quickly catch uptime issues.
Mature companies do not hide operational reality behind private messages and long support threads. They publish live status for everyone to see, which has become a standard for most trusted online services. Ultimately, it’s all about raising the standard for the industry at large,
Conclusion
Security in crypto payments is a process, not a final state. Markets grow. Threats shift. Controls improve. Attack methods change. Rinse and repeat. Companies that earn trust are the ones that keep working, keep communicating, and keep protecting client interests in real conditions.
In this market, maturity comes down to the ability to handle pressure with control. Providers earn trust when they protect client funds, keep systems resilient, communicate openly, and keep improving after the hard day has passed.
For the foreseeable future, security will remain the foundation of trust in payments. We’re unlikely to achieve an ideal system any time soon – and even if we did, it’d quickly stagnate – so, prevention and a good response to potential incidents are the best thing we have for now.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
Crypto World
DTCC lines up 50 giants for tokenized securities launch
The Depository Trust & Clearing Corporation plans to start limited production trades of tokenized securities in July 2026.
Summary
- DTCC plans July tokenized securities pilots before targeting a full service launch in October 2026.
- Over 50 TradFi and DeFi firms joined DTCC’s working group, including BlackRock, Circle and Ondo.
- Initial tokenized assets may include major index ETFs, Russell 1000 stocks and U.S. Treasury securities.
The post-trade market infrastructure group aims to launch the full DTC tokenization service in October 2026.
DTCC said the service will cover real-world assets held in DTC custody. The firm said tokenized assets should carry the same rights, investor protections and ownership claims as securities held in traditional form. DTC currently provides custody and asset servicing for more than $114 trillion in securities.
Wall Street and DeFi firms join design work
The DTCC Industry Working Group includes more than 50 firms from traditional finance and crypto. The list includes BlackRock, Goldman Sachs, J.P. Morgan, Morgan Stanley, Bank of America, Circle, Fireblocks, Robinhood, Ondo Finance, Ripple Prime, NYSE Group, Nasdaq and Payward, Kraken’s parent company.
The group brings together asset managers, banks, trading venues, custodians, brokers and blockchain service providers. DTCC said it will use their feedback to test technical workflows, market readiness and the use of tokenized assets in a live production setting.
Additionally, DTC received a no-action letter from the U.S. Securities and Exchange Commission in December 2025. The letter allows DTC to offer a defined tokenization service for DTC participants and their clients for three years.
The approval covers a set of highly liquid assets. These include Russell 1000 constituents, ETFs that track major indexes, U.S. Treasury bills, Treasury notes and Treasury bonds. The July phase will remain limited as DTCC tests operations before the planned October launch.
Tokenization push moves closer to core markets
DTCC President and CEO Frank La Salla said, “Our vision is coming to fruition.” Brian Steele, DTCC managing director and president of clearing and securities services, said the service is “designed to provide systemic scale where deep liquidity already lives.”
The plan comes as tokenized real-world assets keep drawing attention from banks, asset managers and crypto firms. RWA.xyz data showed tokenized stocks rising from $375.4 million in May 2025 to about $1.21 billion in May 2026.
Ondo Finance’s role adds another crypto-focused participant to the working group. A crypto.news report said DTCC had selected Ondo alongside BlackRock, Goldman Sachs, J.P. Morgan, Circle and other firms to help shape how equities and Treasuries move on-chain.
DTCC is not building a separate crypto market. Its stated plan keeps custody, ownership rights and investor protections tied to existing securities infrastructure. The October target now gives banks, brokers and tokenization firms a clear schedule to test whether blockchain-based settlement can fit within U.S. market rules before the service moves beyond its trial stage.
Crypto World
Ripple Just Made It Harder for North Korea to Hide Inside Crypto Firms
Ripple is now contributing exclusive threat intelligence on DPRK (Democratic People’s Republic of Korea) cyber actors to Crypto ISAC, a nonprofit organization that helps crypto companies share security information and defend against cyber threats targeting digital assets.
The intelligence covers domains, wallets, and indicators of compromise from active DPRK hack campaigns. It also includes enriched profiles of suspected North Korean IT workers trying to embed themselves inside crypto firms.
Drift Hack Triggered Industry Reckoning
The Drift hack served as a wake-up call for the sector. Attackers spent months building trust with Drift contributors. They later deployed malicious software that compromised devices and bypassed traditional indicators of compromise.
The intruders manipulated individuals to seize control of multisig wallets and steal funds.
The same pattern has appeared at crypto and traditional financial firms. North Korean threat actors are operating from inside organizations rather than relying on smart contract exploits.
Crypto ISAC characterized the campaign as social engineering at a new level. The piece raised the central question of how to detect someone who appears to be a trusted partner.
Inside the DPRK Threat Intelligence Feed
The contributed data ranges from fraudulent domains and wallets to indicators of compromise from active DPRK operations.
Each profile of a suspected DPRK worker includes a LinkedIn account, an email, a location, and a contact number. The data also captures signals tying that individual to a wider campaign.
Ripple, Coinbase, and other Founding Members are integrating the data through Crypto ISAC’s new API. The system normalizes indicators across Web2 and Web3 environments and feeds directly into member security operations.
“For too long, information sharing was seen as optional. Today, it is the gold standard for security,” Justine Bone, Executive Director, Crypto ISAC said.
Why Collective Defense Matters
A threat actor who fails one company’s background check often applies to three more firms the same week. Crypto ISAC says that without shared intelligence, every defender facing Lazarus tactics starts from zero.
Jeff Lunglhofer, Coinbase Chief Information Security Officer, said the data model preserves context and confidence rather than raw indicators.
The model still has to scale across more member firms. Whether it outpaces incidents like the Kraken infiltration attempt will depend on adoption.
Ripple’s contribution builds on its broader security push at the company. The move signals a shift toward shared defense in the digital asset industry. The coming months should reveal whether other major exchanges and protocols follow suit.
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Crypto World
Solana Strategies buys privacy-focused cross-chain aggregator HoudiniSwap for $18M
SOL Strategies is acquiring privacy-focused cross-chain aggregator HoudiniSwap for $18M in cash, notes, and stock as it builds an institutional Solana treasury and routing stack.
Summary
- Nasdaq-listed Solana treasury firm SOL Strategies has agreed to acquire non-custodial cross-chain aggregator HoudiniSwap in a deal valued at $18 million.
- The consideration includes $8.25 million in cash, $5.75 million in six-month notes, and $4 million in STKE stock, priced off a 90-day VWAP.
- HoudiniSwap, which focuses on privacy-preserving cross-chain swaps and routing across CEXs, DEXs, and bridges, generated about $13 million in revenue last year.
According to reporting from The Block, SOL Strategies has signed a definitive agreement to acquire HoudiniSwap for $18 million as it continues to build out its Solana-centric infrastructure and services stack.
Cash, notes, and stock fund HoudiniSwap takeover
Deal terms include $8.25 million in cash, $5.75 million in six‑month promissory notes, and $4 million in SOL Strategies’ own STKE shares, with the equity component calculated using the volume‑weighted average STKE price over the 90 trading days before closing.
SOL Strategies, which trades on Nasdaq under the ticker STKE and on the Canadian Securities Exchange as HODL, describes itself as an institutional Solana validator and treasury platform with roughly $94 million worth of SOL in its own holdings as of late 2025.
The company has previously used acquisitions and structured financing to expand its footprint, including buying Laine, one of Solana’s largest independent validators, and securing up to $500 million in capital commitments to purchase and stake SOL on behalf of institutional clients.
Privacy-focused cross-chain routing comes into a listed vehicle
HoudiniSwap is a non‑custodial, privacy‑focused cross‑chain swap and aggregation platform that lets users route trades privately across centralized and decentralized exchanges as well as blockchain bridges.
The service uses Monero as a “tunnel” asset, breaking the visible on‑chain link between a sender wallet and a recipient wallet by moving funds into XMR and back out into a target asset, making it significantly harder for analytics firms to trace flows end‑to‑end.
Documentation and marketing materials stress that HoudiniSwap “does not take custody of, store, transmit, or route user funds” but instead acts as a liquidity aggregator and conduit between vetted exchanges and bridges, positioning the product as a compliant alternative to illicit mixers.
According to figures cited around the acquisition, HoudiniSwap generated roughly $13 million in revenue over the past year, off the back of rising demand for private, cross‑chain swaps across more than 100 supported networks and assets.
In a recent crypto.news overview, SOL Strategies’ public‑market strategy was described as aggregating Solana infrastructure, validators, and adjacent tooling into a single listed vehicle for institutions.
Another crypto.news analysis detailed how the firm’s $500 million staking facility is intended to turn SOL into “a yield‑bearing treasury reserve asset,” a plan that could now intersect with cross‑chain liquidity from HoudiniSwap.
A separate crypto.news feature on SOL Strategies’ validator and treasury platform noted that the company sees M&A as a “core growth lever,” with privacy‑preserving routing and cross‑chain tools identified as strategic gaps — niches this $18 million HoudiniSwap deal is now set to fill.
Crypto World
Top 3 Crypto Presales 2026: Whale Wallets Buy 270,000 BTC in 30 Days While Pepeto Targets 100x Before Listing
The top 3 crypto presales 2026 search keeps growing now that whale wallets bought 270,000 BTC in 30 days, the biggest monthly total since 2013 according to CoinDesk.
One well-timed position can change a whole financial future, and Bitcoin exchange reserves just dropped to a seven year low. While Bitcoin Hyper and IPO Genie draw early attention, Pepeto has passed $9.78 million with a working exchange and an approaching Binance listing where analysts project 100x.
Top 3 Crypto Presales 2026 Search Grows as Whale Accumulation Hits 13 Year Record
Whale wallets holding 1,000 or more BTC added 270,000 coins in April alone, beating every monthly total going back to 2013 per CoinDesk. Bitcoin exchange reserves fell to levels not seen since December 2017, meaning available supply on trading platforms is at a seven year low.
BTC holds $78,370 with the Fear and Greed Index at 39, a zone where large holders have historically started building positions before the next major move.
The search for the top 3 crypto presales 2026 grows during these conditions because capital flowing into presales during fear signals real commitment. The wallets entering now will collect when recovery arrives, and every prior cycle rewarded the positions built during exactly this stage of market sentiment.
Presale Leaders and the Tokens Building Recovery Returns
Pepeto: Leading the Top 3 Crypto Presales 2026
270,000 BTC bought by whale wallets in 30 days proves that large holders see something ahead, and the $9.78 million inside Pepeto proves smaller wallets see the same signal at the presale level. The exchange is not a promise on a roadmap. It is live. PepetoSwap handles trades at zero fees, so a $10,000 position stays at $10,000 from the moment it opens.
Fear brings scams, and manual research cannot keep up when hundreds of new tokens launch daily across every chain. The contract scanner reads each one on chain and catches drain traps before a buyer ever confirms. Meanwhile, 175% APY staking pulls tokens off the market daily, thinning the available supply that will face a wave of demand once the expected Binance listing brings a fresh audience. Fewer coins available and more buyers arriving is the force that separates the earliest positions from everyone who comes after.
The person behind the original Pepe built a token worth $11 billion without a single working product. Pepeto has a working exchange, a contract scanner, a cross chain bridge, and SolidProof verified contracts, all at a presale price of $0.0000001868. A former Binance infrastructure specialist handles the listing preparation.
That is why Pepeto leads the top 3 crypto presales 2026 search. The presale price is temporary. One day of trading on Binance replaces it, and the 100x analysts project is the return that early Pepe holders wish they had accessed with working tools behind it.
Bitcoin Hyper: Presale Active but Infrastructure Missing
Bitcoin Hyper calls itself a Bitcoin Layer 2 scaling solution, but nothing beyond the concept exists today. No live product, no exchange, no audit from a recognized firm, and no listing confirmed on any major platform.
The gap between a roadmap and a working product is where most presales fail, and Bitcoin Hyper has not crossed that gap. The timeline for delivery depends fully on future execution with no verifiable infrastructure running at present.
IPO Genie: Early Stage With No Exchange Layer
IPO Genie aims to tokenize access to pre-IPO deals, but the entire model depends on regulatory approvals that do not exist yet. No trading platform is live, no bridge connects external networks, and no audit from a firm like SolidProof backs the contracts.
Until working infrastructure arrives, IPO Genie is a bet on future delivery with no verified tools operating behind it today.
Conclusion:
Bitcoin Hyper has no product and IPO Genie has no exchange, but Pepeto has both plus a SolidProof audit and a Binance listing approaching, which is why the top 3 crypto presales 2026 search keeps returning to the same answer.
Pepe turned presale pricing into billions, and the same person now runs a project with working tools that the original never carried.
The Pepeto official website shows the presale entry that one day of Binance trading will remove from the table. Every cycle produces a handful of positions that define the returns for years, and the decision to enter during fear at $0.0000001868 or wait until after the listing is the only choice left.
Click To Visit Pepeto Website To Enter The Presale
FAQs
What are the top 3 crypto presales 2026?
Pepeto leads the top 3 crypto presales 2026 with $9.78 million raised, a live zero fee exchange, and an approaching Binance listing targeting 100x from presale pricing.
Why does the top 3 crypto presales 2026 search favor Pepeto over competitors?
Pepeto runs a live exchange with SolidProof verified contracts and the Pepe builder behind it. Bitcoin Hyper and IPO Genie lack working infrastructure and confirmed listing support.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Crypto World
HSBC first-quarter pre-tax profit misses estimates on wider-than-expected credit losses
Europe’s largest lender HSBC on Tuesday reported first-quarter pre-tax profit of $9.4 billion, marginally missing analysts’ estimates on the back of larger-than-expected credit losses and other impairment charges.
HSBC’s revenue gained 6%, year on year, exceeding estimates.
Here are HSBC’s first-quarter results compared with the consensus estimates compiled by the bank.
- Pre-tax profit: $9.4 billion vs. $9.59 billion
- Revenue: $18.6 billion vs. $18.49 billion
The lender’s first-quarter profit before tax fell to $9.4 billion, down from $9.5 billion a year earlier.
“We remain on track to have taken actions to deliver our $1.5bn annualised cost reduction by the end of June 2026,” the bank said in its statement. “Through the privatisation of Hang Seng Bank, we expect to realise $0.5bn in pre-tax revenue and cost synergies across both our brands in Hong Kong by the end of 2028.”
HSBC completed the privatization of Hang Seng Bank on Jan. 26, with the latter’s shares subsequently delisted from the Hong Kong Stock Exchange.
The bank highlighted risks due to the Middle East conflict, including higher oil prices, sharper inflation, a significant slowdown in GDP, warning that if those factors came into play there could be a “mid-to-high single digit percentage” negative impact on its profit before tax.
While HSBC maintained its targeted return on tangible equity — a measure of profitability — of 17%, it warned that should the adverse impact from the Middle East crisis materialize, it could bring RoTE, excluding notable items, below 17% in 2026.
The HSBC board approved its first interim dividend for 2026 of 10 cents per share.
Crypto World
Aave Challenges Law Firm’s Freeze on Kelp Exploit Ether
Decentralized finance protocol Aave filed an emergency motion on Monday in New York to vacate a restraining notice from a US law firm aimed at blocking Arbitrum DAO from transferring 30,766 Ether to the victims of the Kelp exploit.
Gerstein Harrow LLP served Arbitrum DAO with a restraining notice on Friday, arguing its clients are owed over $877 million in default judgments against North Korea. The law firm claims the North Korean hacker group behind the Kelp exploit had possession of the tokens, giving its clients a legal claim over the Ether.
Aave filed the emergency motion in a New York district court, arguing that a thief doesn’t gain lawful ownership of property by stealing it. It also argued that North Korea is only suspected of being part of the theft, and that the law firm’s argument “defies logic, common sense and the law.”
The Arbitrum DAO has been voting on whether to release the Ether to assist DeFi United, an industrywide coordination effort to make rsETH holders whole and help restore rsETH’s backing following the $292 million Kelp DAO hack on April 18. Voting ends May 7.

Source: Aave
Delay will cause “irreparable harm” to Aave, crypto ecosystem
Aave argued that if the court upholds Gerstein Harrow’s notice, it could deter future recovery efforts for North Korea-related hacks because of the possibility of additional legal challenges to recover funds. It further argued that it could incentivize bad actors to target more crypto protocols.
Aave’s lawyers also warned that the delay is causing “irreparable harm” to the protocol, its users and the wider DeFi community, “none of which can be later cured by monetary damages.”
“If the immobilized assets remain subject to a freeze and are not made available to restore value to Aave protocol users, the entire DeFi ecosystem risks being destabilized,” Aave’s lawyers said.
“While Aave protocol users cannot retrieve their assets from the Aave protocol, if those assets were being used for collateral for other positions elsewhere then continued restraint on the immobilized assets may render those users unable to meet their related collateral obligations.”

Aave said that if a court upholds Gerstein Harrow’s notice, it could incentivize bad actors to target more crypto protocols. Source: CourtListener
They further argued against Gernstein Harrow’s claim that its clients have a right to the frozen Ether and also said the case is based on unsupported conjecture that the thief is North Korea.
“Plaintiffs in this case showed up, contending – based on conjecture from posts on the internet – that the thief was North Korea, and that by stealing the assets for a few hours, North Korea somehow became the rightful owner of those assets such that Plaintiffs here could restrain them for their own purposes,” lawyers for Aave said.
“The immobilized assets do not belong to North Korea or any affiliated entities. Instead, the immobilized assets belong to the users of the Aave protocol who were victimized when a third-party thief effectively stole their assets during a cyber exploit April 18, 2026.”
Related: Google Cloud flags North Korea-linked crypto malware campaign
If the court can’t immediately vacate the notice, Aave’s lawyers are requesting that Gerstein Harrow pay a $300 million bond to maintain the restraining notice until a decision is reached.
A judge hasn’t ruled on the emergency motion yet, and a hearing date hasn’t been scheduled.
Gerstein Harrow has filed similar cases in the past, arguing its clients have a claim to funds stolen by North Korea and frozen by crypto firms, including assets from the 2023 Heco Bridge hack and the 2025 Bybit exploit.
Magazine: DeFi’s billion-dollar secret: The insiders responsible for hacks
Crypto World
GameStop Stock Drops as Michael Burry Dumps Stake on eBay Bid
GameStop (GME) shares dropped after “The Big Short” investor Michael Burry sold his entire stake.
The investor announced the move on his Substack post. He revealed that the GameStop sale is his first divestment since launching the blog.
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Michael Burry Exits Entire GameStop Stake
GameStop stock ended Monday at $23.84, down 10.14%. GME continued lower in after-hours trading, dipping 1.22% to $23.55, Google Finance data shows.
Burry’s exit followed GameStop’s non-binding $55.5 billion proposal to acquire e-commerce platform eBay at $125 per share. The offer splits the payment evenly between cash and stock, with Ryan Cohen taking the chief executive role at the combined retailer.
The investor first disclosed his GameStop position in January. However, Cohen’s acquisition push prompted him to walk away.
“I may not last the week with my GameStop position fully intact,” he wrote in a note. “I will certainly sell to an extent, perhaps all or some, but alas, no, not none.”
Burry wrote that his Berkshire Hathaway-style blueprint for GameStop was incompatible with the leverage Cohen needs to close the eBay deal.
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Crypto Spring Has Officially Begun, Says Bitmine’s Tom Lee
Bitmine Immersion Technologies Chairman Tom Lee declared that the crypto spring has commenced.
In late April, Lee pushed back against the consensus view that crypto winter would drag through fall, arguing the downturn was nearing its end.
“Crypto Spring, in our view, has commenced, and like past cycles, investor sentiment and conviction are muted and bearish even as crypto prices strengthen,” he said.
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The executive explained that either outcome on the CLARITY Act, whether it passes or even fails, would “confirm the arrival of crypto spring.”
Senators Thom Tillis and Angela Alsobrooks finalized a bipartisan compromise on stablecoin rewards in the CLARITY Act. The text bans stablecoin yield on reserves while preserving activity-based rewards.
Lee called the framework acceptable, signaling hope for passage this year. Polymarket traders now price the odds of 2026 passage above 60%, the strongest reading in more than a month.
Two Structural Drivers Supporting Ethereum
Looking at what could drive the next leg of crypto gains, Lee pointed to two structural forces working in Ethereum’s favor. He cited the migration of Wall Street tokenization onto the chain, alongside growing demand from agentic AI systems that require neutral, open infrastructure to operate.
Lee positioned Ethereum as the dominant smart contract network for tokenization and well-placed to support the rise of agentic commerce. He added that ETH is increasingly being treated as both a store of value and a medium of exchange.
“This role for ETH has arguably been demonstrated by its outperformance since the Iran War commenced. ETH has outperformed the S&P 500 by 1,380 basis points since the war started and remains one of the top performing assets in the world (beside crude oil prices),” stated Lee.
The Ethereum treasury firm also announced its holdings on May 4. Total crypto and cash now stand at $13.1 billion, including 5.18 million ETH, equal to 4.29% of the supply.
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Western Union Deploys USDPT on Solana, Expands Stablecoin Payments
Western Union has taken a formal step into blockchain-enabled payments by launching USDPT, a US dollar-denominated stablecoin, on the Solana network. The pilot rollout targets Bolivia and the Philippines, with the company aiming to extend USDPT to more than 40 countries in 2026. The stablecoin is issued by Anchorage Digital, described as the first federally regulated crypto bank in the United States, and Fireblocks is providing the wallet and settlement rails that underpin the on-chain payments component. Western Union also intends to list USDPT on licensed crypto exchanges, integrating them with its broader payments and liquidity infrastructure.
Industry observers view the move as a notable milestone in regulated digital assets entering core remittance rails, particularly as the GENIUS Act fosters a more accommodating regulatory landscape for stablecoins. Other remittance firms have begun dabbling in stablecoins, including MoneyGram’s USDC rollout in Colombia and Zelle’s announced plans for stablecoin-powered cross-border transfers.
Key takeaways
- Western Union launches USDPT on the Solana blockchain, with initial availability in Bolivia and the Philippines and a plan to expand to more than 40 countries in 2026.
- USDPT is issued by Anchorage Digital, the first federally regulated crypto bank in the United States, while Fireblocks provides the wallet and settlement infrastructure.
- The company intends to list USDPT on licensed crypto exchanges and connect them to Western Union’s payments and liquidity network, signaling a move toward regulated digital-asset rails for cross-border payments.
- The deployment arrives amid a broader shift toward stablecoins in remittances, bolstered by regulatory developments and activity from other players in the space.
A regulated stablecoin enters mainstream remittance rails
USDPT’s issuance by Anchorage Digital anchors the stablecoin within a regulated framework, with Fireblocks handling the critical wallet and settlement infrastructure that enables on-chain settlement for cross-border payments. Western Union said the initiative marks a broader evolution in how global payments are built, integrating stablecoins into regulated, enterprise-grade infrastructure. The rollout on Solana emphasizes the balance between transaction speed, cost efficiency, and regulatory compliance that Western Union seeks for scale.
Western Union indicated that USDPT would be deployed first in Bolivia and the Philippines, a choice that aligns with its strategy to serve large, underserved corridors where traditional rails can be expensive or slow. The company notes these markets collectively reach about 130 million people, illustrating the potential reach of a regulated digital asset-enabled remittance channel. The move also positions USDPT as a test case for how licensed exchanges and traditional payments networks can interoperate in a hybrid payments ecosystem.
For context, Western Union has publicly framed this launch as part of a broader shift toward regulated digital assets as core infrastructure. The initiative follows supportive signals from the regulatory environment, including discussions around the GENIUS Act, which aims to advance stablecoins within a more workable regulatory framework. The broader industry trend includes MoneyGram’s rollout of USDC services in Colombia and Zelle’s announced plans for stablecoin-powered cross-border transfers, signaling growing acceptance of tokenized rails in mainstream remittances.
Targeted corridors reshape LATAM and APAC remittances
The initial rollout in Bolivia and the Philippines centers on two very different, high-potential remittance corridors. Bolivia represents South America’s Andean region where crypto rails could simplify informal flows, while the Philippines is a major recipient market with significant outbound remittance activity to relatives abroad. By launching in these markets, Western Union is testing how a regulated USD-backed stablecoin can complement or replace parts of the traditional FX and payment chain for cross-border transfers.
Industry voices highlight the potential for underserved routes in the Americas to benefit from crypto-enabled rails. Claudia Wang, formerly the head of marketing at Bybit, has argued that money transmitters could unlock numerous remittance corridors that remain largely untouched by crypto rails, particularly within LATAM. She pointed to US–Central America corridors and intra-Latin American routes, such as Argentina-to-Bolivia, as examples where a regulated stablecoin layer could lower costs and increase transparency for both senders and recipients.
Western Union serves a vast global network, facilitating transfers for more than 150 million customers across more than 190 countries. USDPT’s deployment could create a blueprint for how legacy remittance networks integrate tokenized assets without sacrificing regulatory and consumer protections, potentially accelerating adoption among financial institutions that want an auditable, on-chain settlement layer for cross-border payments.
Regulation, competition, and the push for compliant rails
The momentum behind USDPT sits within a broader regulatory and market context. The GENIUS Act, which has been cited as a catalyst for stablecoin clarity, creates a path for regulated digital assets to play a more central role in payments infrastructure. In parallel, traditional payment networks are experimenting with stablecoins—MoneyGram’s expansion into USDC in Colombia and Zelle’s cross-border plans illustrate the competitive impulse among incumbents to harness tokenized money while staying within regulated rails.
On the market scale, stablecoins have grown into a sizable segment of the crypto economy. CoinGecko data shows the stablecoin market cap at roughly $317.3 billion, underscoring the size of the asset class that Western Union and its partners are seeking to leverage. Meanwhile, analysts and policymakers have noted that stablecoin supply could rise sharply in the coming years, with some estimates from governmental and financial institutions projecting trillion-dollar potential by 2030, depending on regulatory alignment and adoption dynamics. The USDPT project therefore sits at the intersection of regulatory clarity, institutional adoption, and the digital-asset payments modernization trend.
Anchorage Digital’s role as the issuer and Fireblocks’ role as the settlement backbone are critical to the project’s credibility and reliability. Anchorage’s status as a federally regulated institution provides a level of oversight that is often cited as a prerequisite for enterprise adoption, while Fireblocks’ custody and settlement infrastructure is designed to meet the stringent risk controls required by large-scale payments networks. Western Union’s stated plan to bring USDPT to licensed exchanges reinforces the interoperability goal: a stablecoin that can move seamlessly across on-chain and off-chain rails within a compliant framework.
What makes the USDPT rollout particularly telling is not just the technology, but the intention to connect on-chain activity with traditional financial rails. If successful, Western Union could demonstrate a replicable model for other regulated payment operators seeking to balance the speed and efficiency of blockchain with the protections and settlement guarantees of conventional finance. The next few quarters will reveal how quickly USDPT is adopted by partner banks, fintechs, and licensed exchanges, and whether the 2026 target for tens of jurisdictions becomes a turning point for regulated stablecoins in cross-border payments.
Readers should watch for updates on the geographic expansion plan, regulatory feedback from supervising authorities, and the pace at which USDPT gains liquidity and usage across partner exchanges and Western Union’s own payment network. While the path to full-scale rollout remains subject to regulatory decisions and market demand, USDPT’s launch signals a clear appetite among a major global payments player to test stablecoins as a regulated, scalable settlement layer for everyday remittances.
Source references: Western Union press materials and statements on USDPT, Anchorage Digital and Fireblocks collaboration details, Bybit alumna Claudia Wang’s commentary on remittance corridors, and CoinGecko market data on stablecoins. For a broader regulatory backdrop, see the GENIUS Act coverage and industry reports on stablecoin adoption in remittances.
Crypto World
DeFi Development launches $200M ATM to keep buying Solana
Nasdaq-listed DeFi Development Corp has launched a $200M at-the-market equity program, pledging to issue stock only when it boosts “SOL per share” and fuels its Solana reserve strategy.
Summary
- Nasdaq-listed Solana treasury vehicle DeFi Development Corp has launched a $200 million at-the-market (ATM) equity program to fund further SOL accumulation.
- The company says proceeds will primarily support its Solana reserve strategy and that it will only issue shares when doing so is “accretive” to the value of each shareholder’s SOL holdings.
- DeFi Development has previously used equity raises to scale its SOL treasury toward a long-term target of one SOL per share by 2028.
DeFi Development Corp, a Nasdaq-listed digital asset treasury company focused on Solana (SOL), has entered a sales agreement with broker R.F. Lafferty that allows it to sell up to $200 million of common stock from time to time through an at-the-market offering.
ATM facility tied directly to SOL reserve strategy
According to the 8-K and prospectus supplement, shares will be issued under an effective shelf registration, with the agent earning up to 0.75% of gross proceeds as commission while using “commercially reasonable efforts” to place stock into the market.
The company said net proceeds will go primarily toward “continuing to execute its Solana reserve strategy,” alongside working capital and other strategic initiatives, reiterating that SOL is the principal asset in its digital asset treasury reserve.
Management has emphasized that it intends to sell stock only when doing so has a positive impact on “SOL per share,” stressing that the ATM is designed to be accretive by raising capital above the look-through value of existing SOL holdings and then deploying that capital into additional Solana.
In an April investor briefing, DeFi Development outlined a “North Star” target of reaching one SOL per share by December 2028, saying its strategy is to “acquire as much SOL as possible, as quickly as possible, in a way that compounds value per share.”
Building a listed Solana treasury vehicle
DeFi Development has already used equity capital to grow its SOL reserves.
In August 2025, the firm closed a $125 million equity offering at $12.50 per share, saying the transaction was expected to be “NAV/share accretive” because it allowed the company to buy both spot SOL and discounted locked SOL, thereby expanding its treasury while capturing discounts.
By mid-2025 the company had accumulated around 1 million SOL worth roughly $190 million, and by September that year it reported holdings above 2.02 million SOL — about $412 million at the time — after purchasing 196,141 SOL at an average of $202.76 with the intention of staking the entire amount.
DeFi Development positions itself as “the first public Digital Asset Treasury built to accumulate Solana,” running its own validator infrastructure and deploying roughly 15% of its treasury on-chain to earn what CEO Joseph Onorati has described as an 8%–11% annualized “organic” yield from staking and ecosystem participation.
In a recent crypto.news feature, Onorati said an earlier raise “allows us to add a significant amount of SOL to our balance sheet while still driving NAV/share accretion,” underscoring that every financing step is evaluated through the lens of SOL per share growth.
Another crypto.news overview highlighted how the company has already pushed its SOL treasury toward the $200 million mark, using a mix of credit facilities and equity issuance to scale what it calls a “Solana reserve strategy” for public-market investors.
A separate crypto.news analysis noted that by standardizing reporting around SOL per share and treating Solana as its core reserve asset, DeFi Development is effectively operating as a listed Solana proxy, with this new $200 million ATM providing fresh ammunition to keep expanding that bet.
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