Solana joins South Korea’s Shinhan Card to test stablecoin payments

Shinhan Card has entered a partnership with the Solana Foundation to develop and test stablecoin-based payment systems on blockchain infrastructure.Shinhan Card has partnered with Solana Foundation to test stablecoin payments using real-world merchant and customer scenarios on the networks testnet.The company is evaluating non-custodial wallet security and building DeFi-based systems with oracle data to support scalable blockchain payments.  According to a press release from Shinhan Card, the company has begun an advanced proof-of-concept this year to simulate real-world payment interactions between customers and merchants using Solanas testnet. The trial focuses on how stablecoin transactions can function in everyday retail settings while assessing system performance under practical conditions.  “Building on Solana, we plan to closely examine the practical applicability of blockchain technology and proactively explore next-generation financial models,” said Kim Young-il, executive vice president of Shinhan Card, outlining the companys plan to assess how distributed ledger systems can support future payment frameworks.  A central part of the test involves verifying the security and stability of non-custodial wallets, which Shinhan Card is assessing as a requirement for scaling blockchain-based payments across its network.  The company stated in its release that it is also exploring hybrid finance structures that combine elements of traditional financial systems with decentralized

04-30

GBP/USD Price Forecast: Remains sticky around 20-day EMA in countdown to BoE’s policy

GBP/USD trades calmly at around 1.3475 as of writing. The near-term trend has turned sideways as the price remains close to the 20-day Exponential Moving Average (EMA) at 1.3468 for over two weeks.  The Relative Strength Index (RSI) around 52 hints at steady, modestly positive momentum rather than an overextended advance, leaving scope for gradual upside as long as price stays anchored above nearby supports.  On the topside, initial resistance emerges at the 50.0% Fibonacci retracement at 1.3509, with further barriers at the 61.8% level near 1.3593 and then 1.3712 and 1.3864, corresponding to the 78.6% and 100% retracements, respectively.  Looking down, immediate support is reinforced by the 38.2% retracement at 1.3425; a downside move below that level would expose the 23.6% level around 1.3321, while only a drop toward the structural floor near 1.3154 would seriously undermine the current constructive tone.  Economic Indicator  BoE Interest Rate Decision  The Bank of England (BoE) announces its interest rate decision at the end of its eight scheduled meetings per year. If the BoE is hawkish about the inflationary outlook of the economy and raises interest rates it is usually bullish for the Pound Sterling (GBP). Likewise, if the BoE adopts a dovish view on the UK economy and

04-30

WLFI races toward 62 billion token unlock with near-unanimous vote

World Liberty Financials proposal to unlock 62 billion WLFI tokens is already set to pass, with early votes blowing past quorum and delivering near-unanimous support.  Under the plan, founders, team members, and partners would burn 10% of their holdings, roughly 4.5 billion WLFI, to begin unlocking the remaining 40.7 billion tokens over a five-year schedule following a two-year cliff.  No tokens would reach the market for at least two years due to cliff periods. The shift marks a structural change in how WLFI is valued, replacing open-ended lockups with predictable future supply and creating a clearer exit path for holders who previously had none.  This move seems to have near-unanimous support, with 99.5% voting in favor.  The vote also highlights the structure of WLFIs governance.  Participation levels align with prior proposals, suggesting that a relatively small group of large holders can push through major tokenomic changes with limited opposition.  Voting power is heavily concentrated among a small group of large holders. The largest wallet alone accounts for nearly 13% of votes cast, and the top four together control roughly 40% of total voting power so far, enough to heavily influence the outcome on their own.  WLFI also faces a lawsuit from Tron founder Justin Sun, who alleges

04-30

Shinhan Card Collaborates With Solana Foundation for Stablecoin Payment Infrastructure

Tech  Shinhan Card Collaborates With Solana Foundation for Stablecoin Payment Infrastructure  Major South Korean credit card issuer collaborates with Solana for blockchain payment trialsTestnet deployment scheduled to evaluate stablecoin transaction capabilitiesPartnership aims to bridge conventional financial services with cryptocurrency infrastructureReal-world merchant payment scenarios will be evaluated through pilot programsInitiative aligns with South Koreas evolving digital asset regulatory framework  South Korean financial services provider Shinhan Card has formalized a collaborative agreement with the Solana Foundation to build and test stablecoin-based payment infrastructure. The collaboration centers on evaluating digital currency transactions between consumers and businesses through distributed ledger technology. This move represents part of a larger effort to incorporate cryptocurrency solutions into mainstream financial operations throughout the Korean market.  Strategic Blockchain Payment Development Underway  The credit card company announced it has executed a memorandum of understanding with the Solana Foundation to push forward with stablecoin-enabled payment solutions. An enhanced proof of concept phase utilizing Solanas test environment is slated for implementation within the current calendar year. The program specifically targets practical applications involving merchant transactions and consumer payment flows.  This upcoming trial phase expands upon preliminary testing activities conducted during the previous year under supervised circumstances. Shinhan Card intends to measure transaction processing speeds, network performance metrics, and

04-30

EUR/USD dips towards 1.1650 with Eurozone inflation, ECB rates on tap

EUR/USD is showing mounting bearish pressure after breaking the neckline of a bearish “Head & Shoulders” (H&S) pattern at 1.1675, and is now testing a cluster of supports above 1.1645, which held bears several times in mid-April.  Technical indicators on the 4-hour chart are going deeper into bearish territory. The Relative Strength Index (RSI) around 34 hints at lingering downside pressure, and the Moving Average Convergence Divergence (MACD) histogram is showing widening red bars.  A clear break of the April 8 intraday low, in the area of 1.1645, would confirm the H&S formation. The pair might find some support at the 1.1630 area, where the 50% Fibonacci support of the March-April rally meets late March and early April highs. The 61.8% Fibonacci retracement is at 1.1583. The H&Ss measured target is coincident with the April 6 low near 1.1500.  On the topside, immediate resistance emerges at the previous support zone near 1.1675, followed by Wednesdays high at 1.1720 and the mentioned weekly high at 1.1755.  Economic Indicator  Harmonized Index of Consumer Prices (YoY)  The Harmonized Index of Consumer Prices (HICP) measures changes in the prices of a representative basket of goods and services in the European Monetary Union. The HICP, released by Eurostat on a monthly

04-30

South Korea’s Hashed secures ADGM license to enter Middle East crypto market

South Korea-based crypto venture firm Hashed has secured regulatory approval to operate from Abu Dhabi Global Market, expanding its presence into the Middle Easts regulated financial zone.Hashed has received ADGM approval allowing it to advise on investments, manage assets, and operate funds under a regulated framework.The firm said the license will help connect Middle Eastern institutional capital with global founders and markets.  According to a company announcement, Hasheds group entity, Hashed Global Management Limited, has received a Financial Services Permission from ADGM, allowing it to carry out regulated activities such as advising on investments or credit, arranging deals, managing assets, and operating collective investment funds.  Operating under this license, Hashed Global Management Limited can engage institutional investors within ADGMs regulatory framework, where the Financial Services Regulatory Authority oversees licensing and compliance for financial firms.  “This permission lays the groundwork for HGML to collaborate with Middle Eastern institutional investors within a regulated environment,” said Seokwon Hong, licensed director and senior executive officer of the entity.  Positioning itself between regional capital and global founders, Hashed plans to use the approval to connect investment flows between the UAE and South Korea while expanding partnerships across markets and ecosystems, the company said.  Interest in Abu Dhabis financial hub has

04-30

Dogecoin surges 10% after 72-day range breakout: ETF inflows turn positive

The memecoin season is gradually returning, following hints from last weeks performance of this sector.  In that context, the leading memecoin by market cap, Dogecoin [DOGE], broke out after more than two months of consolidation. As a result, DOGE surged by over 10%.  However, a whale who went long on Dogecoin earlier on faced a massive loss that has greatly been reduced.  Breakout pushes DOGE 10% higher  On the charts, Dogecoin broke from a triangle pattern where it had consolidated for about 72 days. The daily candle surged massively, hitting the $0.11 price mark, almost equalling Februarys high.  The memecoin has been bouncing off the support level at $0.08708, with most of the accumulation taking place below $0.10.  This breakout indicates the market structure could be shifting. Hence, it aligned with signals of a comeback of the memecoin season, as analyzed earlier by AMBCrypto.  Source: TradingView  In case this breakout is sustained, the next target is set at $0.1300. Still, there was resistance around $0.12, which could force a correction down to around $0.10, where the trendline resistance passed through.  Therefore, what were the implications of this breakout, and what could have had a hand in it?  Whales position sees a reduction in losses  According to HypurrScan, a whale took a

04-30

Hyperliquid’s HIP-4 Is the Most Direct Threat Polymarket Has Faced

Hyperliquid is the last thing Polymarket needed right now. The decentralized exchange, already one of the most active crypto trading venues in the world, is publicly testing a plan to move into prediction markets. The proposal is called HIP-4. If it ships, traders will be able to place binary bets on real-world outcomes, elections, macro events, crypto prices, directly inside the same margin account they use for perpetual futures. No switching platforms. No moving funds.  Thats a bigger deal than it sounds.  Kalshi Is Already Inside the Room  Here‘s the twist. HIP-4 wasn’t built by Hyperliquid alone. John Wang, head of crypto at Kalshi, co-authored the proposal, and the two companies formalized a partnership back in March to bring on-chain prediction markets to life together. That partnership is exactly why Polymarket is the one sitting most exposed here, Kalshi didnt just fail to block a competitor from entering, it handed one a roadmap.  Both Kalshi and Polymarket have been moving fast. On April 21, they announced plans to launch crypto perpetual futures within hours of each other. Dueling press releases, same product, same day. It was the clearest sign yet that these two platforms are now openly at war over product territory. But the

04-30

LBank Launches Global Trading Competition with $100,000 Prize Pool

LBank, the leading global cryptocurrency exchange, has announced the launch of its upcoming global trading competition, “Dance with Nobody Sausage,” featuring the globally recognized IP Nobody Sausage, with a dynamic prize pool of up to $100,000. The event will run for 14 days. This initiative reflects LBanks continued focus on building high-engagement trading environments by combining competitive mechanics with scalable reward structures.  The prize pool operates on a tiered unlocking structure, starting with an initial available allocation of $10,000. As cumulative platform trading volume across the competition reaches $1 billion, the prize pool will unlock to $20,000. Upon reaching $2 billion in total volume, the available rewards will expand to $50,000. Should the community achieve $5 billion in aggregate trading volume during the event period, the full $100,000 prize pool will be unlocked and distributed.  Rewards will be distributed based on leaderboard rankings, with only the top 50 traders eligible for payouts. To qualify, participants must reach a minimum futures trading volume of $500,000 during the event period. Notably, securing the top position will require at least $30 million in trading volume.  “This competition is designed to directly reward high-conviction traders while aligning incentives with overall market participation,” said Eric He, Community Angel

04-30

WLFI Falls 15% as Community Debates Massive Token Lock Plan

Tech  WLFI Falls 15% as Community Debates Massive Token Lock Plan  The plan would place early investor and insider holdings under a two-year lockup followed by a gradual release over two to three years. Despite receiving about 99.95% support and surpassing quorum, the proposal has drawn a lot of criticism over its structure, timing, and voting mechanics.  World Liberty Token Tumbles  The native token of Trump-family-linked World Liberty Financial (WLFI) dropped by about , as a governance proposal caused intense debate in the community.  The proposal officially went live for voting after being introduced on April 15. It aims to place more than 62 billion held by early investors and insiders under a strict multiyear vesting schedule. If approved, these tokens could be locked for an initial two-year period before being gradually released over an additional two to three years.  Despite the scale and implications of , early voting results show overwhelming support. At press time, approximately 99.95% of participating votes favor the measure, with the quorum requirement of 1 billion tokens already surpassed. Around 6 billion tokens have been cast in support, compared to just 3.2 million opposing votes.  World Liberty Financial the proposal as one of the biggest governance decisions in its history, as none

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