Bitcoin traded at $113,102, down 0.6% in 24 hours but holding firm above the key $113,000 level, as the total crypto market cap hovered around $3.81 trillion.
The Fear & Greed Index showed a score of 39 (fear), reflecting cautious sentiment following a mild market retracement. Despite the consolidation, Bitcoin’s weekly gain of 4.5% underscores resilience amid growing institutional engagement. Analysts pointed to the latest partnership between Citibank and Coinbase—a $2.6 trillion financial giant—as a catalyst for future crypto integration within global finance. The move is expected to enhance stablecoin adoption and institutional access to digital assets through regulated frameworks.
Visa and Western Union expand stablecoin infrastructure
Visa announced expanded support for four stablecoins across four major blockchains, signaling deeper commitment to digital payment infrastructure. This strategic shift follows Western Union’s integration of blockchain-based settlement technology, allowing faster and more cost-effective cross-border transactions.
Industry observers believe these developments mark a major milestone for mainstream financial adoption of crypto-backed payment systems. Stablecoins like USDC and USDT continue to dominate transaction volume, with over $300 billion in daily settlements processed on-chain. Analysts expect the next phase of growth to come from consumer-facing use cases and multi-chain interoperability in global remittance markets.
Ethereum’s Fusaka fork prepares for mainnet activation
Ethereum maintained relative stability at $4,030, gaining 4.3% for the week ahead of the Fusaka fork’s final testnet debut. The upgrade aims to improve transaction throughput and reduce gas costs through enhanced execution parallelization. Developers confirmed that the testnet rollout was successful, setting the stage for mainnet activation in early November. Meanwhile, Solana traded at $195, up 5.8% over seven days, driven by Western Union’s decision to leverage its blockchain for stablecoin settlements.
As institutional players accelerate blockchain adoption, analysts predict that Ethereum and Solana could emerge as key pillars for both DeFi and fintech integrations in Q4 2025.
Recently we wrote that global remittance giant Western Union is officially entering the cryptocurrency payments market with plans to launch a U.S. dollar–denominated stablecoin on the Solana blockchain.
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