Home Finance SKN | Crypto Market Today: Visa Expands Stablecoins, Twenty One Jumps, MoonPay Targets Institutions
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SKN | Crypto Market Today: Visa Expands Stablecoins, Twenty One Jumps, MoonPay Targets Institutions

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Today’s crypto landscape was shaped by three major themes: institutional expansion, infrastructure growth, and strategic mergers. From payments giants deepening blockchain adoption to crypto firms consolidating capabilities, the sector continues shifting from speculation toward real-world integration.

Twenty One Capital Surges on Merger Plans

Twenty One Capital shares climbed in after-hours trading after Tether proposed a three-way merger involving Strike and Elektron Energy.

The stock rose as much as $9.28 before settling at $8.35, marking a 6.6% gain after the bell, despite closing lower during regular trading.

The proposed deal aims to combine payments infrastructure, mining capacity, and treasury exposure into a single integrated Bitcoin-focused platform. If completed, it would signal a shift away from passive Bitcoin holding strategies toward diversified, revenue-generating operations.

Visa Expands Stablecoin Settlement Network

Visa broadened its crypto pilot by adding Polygon and Base, alongside several other networks, bringing total support to nine blockchains.

The stablecoin settlement initiative, launched in 2023, has now reached an annualized run rate of $7 billion, growing roughly 50% quarter over quarter.

While still small compared to Visa’s traditional payment volumes, the program demonstrates increasing traction for blockchain-based settlement, particularly for cross-border transactions where speed and efficiency are critical.

MoonPay Pushes Into Institutional Crypto

MoonPay is expanding beyond retail services with the acquisition of Sodot in a deal valued at approximately $100 million.

The acquisition will serve as the foundation for MoonPay’s new institutional division, targeting financial institutions, asset managers, and trading firms entering the digital asset space.

By integrating Sodot’s key management and security infrastructure, MoonPay aims to position itself as a provider of enterprise-grade crypto custody and wallet solutions, reflecting rising demand from traditional finance players seeking secure entry points into digital assets.

Bigger Picture: Institutional Crypto Momentum Accelerates

Today’s developments highlight a clear trend: crypto is increasingly being shaped by institutional players and infrastructure buildout rather than retail-driven speculation.

Mergers like the proposed Twenty One deal aim to consolidate capabilities, while companies like Visa and MoonPay are investing heavily in settlement rails and security layers — the foundational components of a scalable digital asset ecosystem.

As adoption grows, competition is shifting toward who controls the underlying infrastructure, from payments and custody to mining and financial services integration.

Outlook: From Experimentation to Execution

The crypto market is moving into a phase where execution matters more than narrative. Stablecoin settlement pilots, institutional platforms, and vertically integrated crypto companies are no longer theoretical — they are being built in real time.

The next stage will depend on scalability, regulation, and real-world usage, as companies compete to turn early adoption into sustainable financial systems.

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