Visa Expands Stablecoin Support Across Four Blockchains

Visa has announced plans to integrate support for four new stablecoins onto its tokenised-asset platform, spanning four distinct blockchains. This move builds on Visa's existing engagement with digital assets, as the company has already facilitated over $140 billion in cryptocurrency and stablecoin transactions since 2020.

This development signifies a significant integration of legacy payment systems with blockchain technology, indicating a growing acceptance of stablecoins within mainstream finance. For issuers and networks that successfully meet Visa's stringent standards, this expansion offers a pathway to accelerated adoption and enhanced partner access.

Bitcoin Dips Below $109K Amid Rate-Cut Disappointment

Despite a recent interest rate cut by the Federal Reserve, Bitcoin has experienced a decline, slipping approximately 1.8% to trade around $109,000. Analysts attribute this downturn to a combination of weakening momentum, profit-taking activities by investors, and ongoing macroeconomic uncertainties. In the past 24 hours, approximately $590 million in cryptocurrency positions were liquidated, with the majority being long trades.

The current technical indicators suggest a period of caution for the cryptocurrency market. With significant macroeconomic events on the horizon, including further Federal Reserve decisions and trade negotiations, a failure for Bitcoin to maintain support around the $108,000 level could trigger a rapid downward trend. Traders are advised to closely monitor the 200-day exponential moving average (EMA) for potential directional clues.

AUSTRAC Intensifies Crackdown on Crypto ATMs in Australia

Australia's financial intelligence agency, AUSTRAC, has issued an infringement notice to Cryptolink, a cryptocurrency ATM operator, imposing a fine of approximately $56,340 and requiring an undertaking. This action is part of a broader enforcement initiative targeting crypto ATMs across the country. The agency has identified crypto ATMs as potential conduits for money laundering and exposure to scam activities.

The increasing regulatory scrutiny on the crypto infrastructure layer poses a growing risk for operators and projects. For global companies or initiatives with physical crypto-ATM operations, this trend heightens compliance and operational risks. Furthermore, it underscores that even retail-facing access points for cryptocurrencies are now under significant regulatory examination.

India's Summit Calls for Urgent Crypto Framework to Support Innovation

During India's BFSI Summit 2025, industry leaders expressed concerns that ongoing regulatory delays are driving innovation and talent away from the country. They strongly advocated for the rapid development of clear frameworks for the cryptocurrency sector and proposed the introduction of an Indian Rupee-pegged stablecoin. This call highlights the urgency for governmental action to foster the growth of the digital asset ecosystem.

India represents a substantial market with significant potential for cryptocurrency adoption and development. The absence of a defined regulatory landscape could lead to projects relocating to more favorable jurisdictions. For international token issuers and infrastructure providers, the clarity—or lack thereof—in India's regulatory approach could significantly influence regional investment and operational flows.