Western Union Rolls Out USDPT on Solana

USDPT is being issued by crypto infrastructure firm Anchorage Digital, the first federally regulated crypto bank in the US, while Fireblocks is providing the wallet and settlement infrastructure for the stablecoin.  Western Union said it plans to make USDPT available on licensed crypto exchanges and connect them to its broader payments and liquidity infrastructure.  USDPTs launch in Bolivia and the Philippines makes the stablecoin available to a combined 130 million people.  On Sunday, Bybits former chief marketing officer, Claudia Wang, said there was an opportunity for money transmitter firms like Western Union to tap into many untouched remittance corridors in the Americas, which have become a $174 billion market.  She said remittance corridors between the US and Central America are exploding, while many routes from within Latin America — such as from Argentina to Bolivia — have been “almost untouched by crypto rails.”  Western Union facilitates transfers for more than 150 million customers across more than 190 countries.  Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraphs Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

05-05Industry

Russia’s Biggest Exchange Adds XRP Solana TRON and BNB Indexes

The post Russias Biggest Exchange Adds XRP Solana TRON and BNB Indexes appeared first on Coinpedia Fintech News  Russia is stepping deeper into crypto, but not through hype cycles or speculative mania. Instead, it‘s building quietly through structured financial products and regulatory alignment. The Moscow Exchange (MOEX), the country’s largest securities exchange, is now expanding its crypto footprint in a way that reflects long-term positioning rather than short-term noise.  Expanding Beyond Bitcoin and Ethereum  From May 13, MOEX will introduce four new crypto indexes tracking Solana, XRP, TRON, and BNB. These will trade under MOEXSOL, MOEXXRP, MOEXTRX, and MOEXBNB, expanding its existing lineup that already includes Bitcoin and Ethereum indexes launched in 2025.  This move signals a clear shift; Russia is no longer just tracking the top two assets, its opening the door to broader altcoin exposure within a regulated framework.  Built on Global Liquidity  The structure behind these indexes is carefully designed. Pricing data will be aggregated from leading global exchanges, with Binance contributing 50%, Bybit 20%, OKX 15%, and Bitget 15%.  At the same time, MOEX is upgrading how these indexes function. Instead of daily updates, all crypto indexes will now refresh every 15 seconds during trading sessions, bringing them much closer to real-time market

05-05Industry

EUR/JPY holds below 184.00 as Japanese Yen steadies on suspected Japanese intervention

Finance  EUR/JPY holds below 184.00 as Japanese Yen steadies on suspected Japanese intervention  EUR/JPY extends its losses for the second consecutive day, trading around 183.80 during the Asian hours on Tuesday. The currency cross weakens as the Japanese Yen (JPY) stabilizes against major peers amid cautious trading, following suspected intervention by Japanese authorities last week. Japanese Finance Minister Satsuki Katayama said Japan stands ready to act against speculative foreign-exchange moves to limit JPY weakness.  Commerzbanks Volkmar Baur noted that authorities appear to have intervened near USD/JPY 157.00 after the pair briefly surged to 160.72. Tokyo inflation data showed headline gains driven entirely by energy, while core inflation slipped to a one-year low. The bank cautioned that conflict-related sentiment may keep core inflation subdued, reducing the likelihood of Bank of Japan rate hikes and weighing on the Japanese Yen.  Meanwhile, the EUR/JPY cross declines as the Euro (EUR) comes under pressure amid escalating Middle East tensions, which have dampened risk appetite and threaten to disrupt the four-week ceasefire between the United States (US) and Iran. US forces repelled Iranian attacks while escorting two US-flagged vessels through the Strait of Hormuz, and the UAEs Fujairah port was reportedly struck by an Iranian drone.  Iranian parliament speaker Mohammad

05-05Industry

Haun Ventures Raises $1B to Fund Crypto, AI Startups

“Every supporting layer will need to be rearchitected for this world: fraud prevention, credit, insurance, identity, privacy, provenance, reputation, and verification all require native versions designed for how agents transact, and cryptographic tools will be important here,” she added.  Meanwhile, Haun said that “the core plumbing of global finance” was being shifted to accommodate an always-on digital world, and noted tokenization as a technology that allowed traditional assets such as gold and oil to be “borderless, always on, and programmable.”  She told Bloomberg on Monday that her company wants to focus on the cross-section of AI agents and crypto infrastructure, wanting to invest in “AI that is in our lane.”  Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraphs Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

05-05Industry

Solana News: Western Union Rolls Out New Solana-based USDPT Stablecoin

According to the Solana news, Anchorage Digital has integrated the USDPTO stablecoin into Western Union‘s infrastructure. In short, this development means Solana is now the infrastructure backing the remittance company’s operations.  Solana News: How Solana Will Benefit from the Deal?  The Western Union‘s USDPT launch represents exciting Solana news for multiple reasons. The depth of a blockchain network’s influence could soon be measured by how deeply it gets intertwined with traditional finance.  If that is the case, then Solana has been doing quite well for itself. It is already hoped for some of the top dollar-pegged stablecoins. The USDPT stablecoin marks yet another robust entry into the Solana ecosystem.  However, the term “just another entry” may not necessarily fit that description accurately. This is because the USDPT stablecoin is backed by an international financial infrastructure that has been built over decades.  Western Union is available across 200-plus countries. It is also integrated with more than 500,000 payout services, including wallets and banks, across both physical and digital landscapes.  This means Solana is now part of a traditional network with over 100 million users, according to the latest data. Moreover, this network is now embracing blockchain technology and stablecoins to ensure its business survives the latest technological

05-05Industry

AUD/USD Price Forecast: Softens below 0.7150 after RBA rate hike, but maintains bullish bias

Technical Analysis:  In the daily chart, AUD/USD holds a constructive near-term bias as spot sits essentially on the 20-period Bollinger simple moving average, keeping the short-term trend supported after the recent pullback from this weeks highs. The 100-day exponential moving average (EMA) remains well below price and reinforces the broader upswing, while the Relative Strength Index (14) around 54 suggests moderately positive but not overstretched momentum.  On the downside, initial support is aligned with the Bollinger mid-line at the April 30 low of 0.7110, followed by the lower Bollinger band near 0.7060 and then the 100-day EMA at 0.6963, where a deeper correction would be expected to attract dip buyers. On the topside, the next notable resistance is the upper Bollinger band around 0.7230, and a clean break above this ceiling would strengthen the bullish tone and open the way for a continuation of the broader advance.

05-05Industry

Solana’s Volatility Hits a Multi-Year Low and The Institutional Trade Explains Why

Tech  Solanas Volatility Hits a Multi-Year Low and The Institutional Trade Explains Why  Solana volatility hits a multi-year low, with the 30-day annualized reading dropping to 35.5%. In 2026, it even fell to under 26% for a brief period.   Per BeInCryptos exclusive Solana volatility dashboard, this compression marks one of the lowest sustained 30-day prints the indicator has tracked. The cause sits in a structural shift in who owns SOL. The spot ETF, launched in October 2025, has not had a single month of outflows.  Long-term holder supply has expanded sharply over the past two months. The result is a market that has neutralized a textbook breakdown pattern, but capped the upside in the process.  Solana Volatility Crashes to a Multi-Year Low  Per BeInCrypto‘s Solana volatility dashboard, the 30-day annualized volatility, a measure of how much SOL’s daily returns deviate from their average over the previous month, sits at 35.5% as of May 4. The 90-day reading is 57.4%. The 200-day is 54.0%.  Compare those numbers to early 2024. The same metrics printed 109% on the 30-day, 92.6% on the 90-day, and 78.8% on the 200-day. Even the early 2026 lows of 58.5%, 50.1%, and 25.8% are now being matched by the active 30-day window.  Solana Annualized

05-05Industry

Solana (SOL) Price Eyes Critical $86 Resistance as Bulls Attempt Recovery Rally

From a momentum perspective, the Relative Strength Index (RSI) is positioned near the neutral 50 mark, while the MACD indicator remains marginally below the zero line. These readings indicate diminishing selling pressure without confirming that buyers have established definitive control.  Institutional Flows and Futures Positioning Signal Cautious Optimism  Data from institutional products provided a modestly encouraging development. Spot Solana exchange-traded funds registered $3.28 million in net inflows on Monday, based on SoSoValue tracking. This marked the initial positive flow reading since April 23. Sustained inflow continuation throughout the week could establish additional demand underneath current price levels.  [[IMG_3]]Source; SoSoValue  Within derivatives markets, the long-to-short ratio for SOL on CoinGlass climbed to 1.12 on Tuesday, representing the highest measurement recorded in more than 30 days. When this ratio exceeds one, it indicates that more market participants are positioned for appreciation rather than decline, reflecting moderately bullish positioning across the trader base.  Additional data from CryptoQuant demonstrates stabilizing conditions across spot markets with buy-side dominance evident in futures contracts, while most other indicators remain in neutral territory.  Blockchain Fundamentals Remain Resilient Despite Price Stagnation  A significant factor preventing the long-term outlook from turning completely bearish is Solana‘s persistent network engagement. Trader Symba published data on X revealing that Solana’s

05-05Industry

USD/INR: Underperformance risk and capital outflows – MUFG

Finance  USD/INR: Underperformance risk and capital outflows – MUFG  Michael Wan at MUFG highlights that the Indian Rupee entered the Iran conflict period already facing strong capital outflows, shaping its vulnerability. The Reserve Bank of India is reportedly considering measures to attract Dollar inflows, including a possible FCNR swap scheme and tax changes. MUFG projects USD/INR in a 95.00–96.00 range over 12 months, implying continued Rupee underperformance.  Rupee pressures and RBI support options  “Overall, the key message from us is that the starting point matters for the impact to each currency including in Asia, beyond just the direct sensitivity of the Strait of Hormuz and linkages to oil prices and energy shortages.”  “On this front, the likes of the Indian Rupee and to a smaller extent Vietnam Dong were already facing strong capital outflows to begin the Iran conflict, and our continued bias is to as such see INR underperform across a range and distributions of scenarios.”  “We had news reports from Reuters yesterday that the RBI is considering measures to attract more Dollar inflows, and among other steps the 2013 FCNR swap scheme coupled with elimination of withholding tax on overseas government bond investors are possible ways to support the Indian Rupee.”  “We see USD/INR trading

05-05Industry

Uphold rejects NYAG claims after $5M CredEarn settlement

Uphold has pushed back against the New York Attorney Generals statement on its $5 million CredEarn settlement. Uphold says the NYAG statement misrepresented key facts about its $5M CredEarn settlement.The NYAG said more than 6,000 Uphold customers lost over $34M after Cred collapsed.Uphold said it froze Creds platform access within hours after learning about liquidity issues.  The company shared the update with crypto.news after the regulator said Uphold misled investors by promoting Cred LLCs crypto yield product.  In its response, Uphold said the Attorney General‘s statement misrepresented key facts about the settlement. The company also rejected any claim that it knowingly promoted Cred’s alleged fraud. Uphold said Cred misled the company, its customers and other CredEarn users.  NYAG says Uphold promoted CredEarn  The New York Attorney General said Uphold agreed to pay more than $5 million to harmed investors. The regulator said Uphold promoted CredEarn as a reliable savings product while Cred used customer crypto in risky lending activity.  The settlement document said Uphold advertised CredEarn on its website and mobile app from 2019 to October 2020. It also said more than 6,000 Uphold customers invested about $50 million through the product. Those customers later lost over $34 million after Cred collapsed.  Moreover, Uphold said it

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