Solana’s alleged $50M deal with Western Union sparks controversy. XRP community praises Ripple’s steady progress amid Solana partnership rumors. Reports of Solana’s six-month exclusivity raise questions about scalability. Solana’s partnership with Western Union has continued to spark intense discussion across the crypto community. Claims have sprung up, suggesting that Solana allegedly paid $50 million for a six-month exclusive deal with the global money transfer company. Some observers have portrayed the supposed arrangement as a marketing exercise rather than a lasting technological breakthrough. Pumpius, in his latest tweet, referenced the initiative as “marketing dressed up as innovation,” claiming that it is nothing permanent and scalable. Critics caution that any technical glitch on Solana’s network could instantly halt Western Union’s crypto payment operations, raising questions about the network’s reliability in large-scale financial systems. What they don’t tell you 1⃣ Solana paid Western Union 50 million dollars for a 6-month deal. After that, it ends. Nothing permanent. Nothing scalable. Just marketing dressed up as innovation. 2⃣ When Solana’s network glitches again, Western Union’s “crypto payments” stop… https://t.co/NqOUZ0d0cW — Pumpius (@pumpius) October 29, 2025 Industry analyst Camilla McFarland also weighed in, presenting a more precise claim that Solana’s offer to Western Union reportedly included $25 million in direct payment and another $25 million in liquidity incentives. She explained that traditional financial firms often engage in such short-term blockchain experiments to limit exposure while testing emerging technologies. “It’s tempting for legacy orgs to de-risk their proof-of-concept with a big check, but they’ll regret it when their chosen blockchain goes down and millions of payments are offline,” she wrote. What you don’t read: @solana had to write a $25 million check, with $25 million in liquidity stimulus for only a 6mo exclusive. It’s tempting for legacy orgs to de-risk their proof-of-concept with a big check, but they’ll regret it when their chosen blockchain goes down and… https://t.co/PdB9mpDr0m — Camilla McFarland (@camillionaire_m) October 29, 2025 Also Read: Pundit: “Western Union is a Centralized Predator, XRP’s Role is Clear” XRP Community Highlights Ripple’s Growing Institutional Reach While Solana’s rumored payment deal dominates online conversations, Ripple’s steady expansion has attracted renewed attention from the XRP community. Pumpius pointed out that Ripple’s ecosystem already supports major financial platforms, such as Hidden Road, GTreasury, and rail entities, which process trillions of dollars annually. These established integrations reinforce XRP’s role as a bridge asset for cross-border payments and real-time settlements. Moreover, Ripple continues to enhance its technology stack with privacy-focused innovations. The XRP Ledger now incorporates Zero-Knowledge Proofs, allowing shielded transactions that balance transparency with confidentiality. This upgrade aligns with DNA Protocol, a project building secure identity and data management solutions on the XRP Ledger, signaling a maturing infrastructure for institutional finance. While they didn’t mention it directly, Pumpius and Camilla’s sentiment subtly claims that Ripple technology would be a better option for Western Union’s initiative than Solana. Fact Check: Claims Remain Unverified Despite widespread attention, neither Solana nor Western Union has confirmed the reported $50 million deal. The details circulating online stem from social media commentary rather than official corporate disclosures. Until verified statements emerge, the claims should be regarded as unconfirmed information and treated with caution. Also Read: Expert Warns XRP Could Hit Strong Resistance at $2.80 Before Major Price Move The post Trending: Solana Paid Western Union $50M for the Stablecoin Deal? XRP Army Reacts appeared first on 36Crypto. Solana’s alleged $50M deal with Western Union sparks controversy. XRP community praises Ripple’s steady progress amid Solana partnership rumors. Reports of Solana’s six-month exclusivity raise questions about scalability. Solana’s partnership with Western Union has continued to spark intense discussion across the crypto community. Claims have sprung up, suggesting that Solana allegedly paid $50 million for a six-month exclusive deal with the global money transfer company. Some observers have portrayed the supposed arrangement as a marketing exercise rather than a lasting technological breakthrough. Pumpius, in his latest tweet, referenced the initiative as “marketing dressed up as innovation,” claiming that it is nothing permanent and scalable. Critics caution that any technical glitch on Solana’s network could instantly halt Western Union’s crypto payment operations, raising questions about the network’s reliability in large-scale financial systems. What they don’t tell you 1⃣ Solana paid Western Union 50 million dollars for a 6-month deal. After that, it ends. Nothing permanent. Nothing scalable. Just marketing dressed up as innovation. 2⃣ When Solana’s network glitches again, Western Union’s “crypto payments” stop… https://t.co/NqOUZ0d0cW — Pumpius (@pumpius) October 29, 2025 Industry analyst Camilla McFarland also weighed in, presenting a more precise claim that Solana’s offer to Western Union reportedly included $25 million in direct payment and another $25 million in liquidity incentives. She explained that traditional financial firms often engage in such short-term blockchain experiments to limit exposure while testing emerging technologies. “It’s tempting for legacy orgs to de-risk their proof-of-concept with a big check, but they’ll regret it when their chosen blockchain goes down and millions of payments are offline,” she wrote. What you don’t read: @solana had to write a $25 million check, with $25 million in liquidity stimulus for only a 6mo exclusive. It’s tempting for legacy orgs to de-risk their proof-of-concept with a big check, but they’ll regret it when their chosen blockchain goes down and… https://t.co/PdB9mpDr0m — Camilla McFarland (@camillionaire_m) October 29, 2025 Also Read: Pundit: “Western Union is a Centralized Predator, XRP’s Role is Clear” XRP Community Highlights Ripple’s Growing Institutional Reach While Solana’s rumored payment deal dominates online conversations, Ripple’s steady expansion has attracted renewed attention from the XRP community. Pumpius pointed out that Ripple’s ecosystem already supports major financial platforms, such as Hidden Road, GTreasury, and rail entities, which process trillions of dollars annually. These established integrations reinforce XRP’s role as a bridge asset for cross-border payments and real-time settlements. Moreover, Ripple continues to enhance its technology stack with privacy-focused innovations. The XRP Ledger now incorporates Zero-Knowledge Proofs, allowing shielded transactions that balance transparency with confidentiality. This upgrade aligns with DNA Protocol, a project building secure identity and data management solutions on the XRP Ledger, signaling a maturing infrastructure for institutional finance. While they didn’t mention it directly, Pumpius and Camilla’s sentiment subtly claims that Ripple technology would be a better option for Western Union’s initiative than Solana. Fact Check: Claims Remain Unverified Despite widespread attention, neither Solana nor Western Union has confirmed the reported $50 million deal. The details circulating online stem from social media commentary rather than official corporate disclosures. Until verified statements emerge, the claims should be regarded as unconfirmed information and treated with caution. Also Read: Expert Warns XRP Could Hit Strong Resistance at $2.80 Before Major Price Move The post Trending: Solana Paid Western Union $50M for the Stablecoin Deal? XRP Army Reacts appeared first on 36Crypto.

Trending: Solana Paid Western Union $50M for the Stablecoin Deal? XRP Army Reacts

2025/10/30 18:33
  • Solana’s alleged $50M deal with Western Union sparks controversy.
  • XRP community praises Ripple’s steady progress amid Solana partnership rumors.
  • Reports of Solana’s six-month exclusivity raise questions about scalability.

Solana’s partnership with Western Union has continued to spark intense discussion across the crypto community. Claims have sprung up, suggesting that Solana allegedly paid $50 million for a six-month exclusive deal with the global money transfer company.


Some observers have portrayed the supposed arrangement as a marketing exercise rather than a lasting technological breakthrough. Pumpius, in his latest tweet, referenced the initiative as “marketing dressed up as innovation,” claiming that it is nothing permanent and scalable.


Critics caution that any technical glitch on Solana’s network could instantly halt Western Union’s crypto payment operations, raising questions about the network’s reliability in large-scale financial systems.


Industry analyst Camilla McFarland also weighed in, presenting a more precise claim that Solana’s offer to Western Union reportedly included $25 million in direct payment and another $25 million in liquidity incentives. She explained that traditional financial firms often engage in such short-term blockchain experiments to limit exposure while testing emerging technologies.


“It’s tempting for legacy orgs to de-risk their proof-of-concept with a big check, but they’ll regret it when their chosen blockchain goes down and millions of payments are offline,” she wrote.



Also Read: Pundit: “Western Union is a Centralized Predator, XRP’s Role is Clear”


XRP Community Highlights Ripple’s Growing Institutional Reach

While Solana’s rumored payment deal dominates online conversations, Ripple’s steady expansion has attracted renewed attention from the XRP community. Pumpius pointed out that Ripple’s ecosystem already supports major financial platforms, such as Hidden Road, GTreasury, and rail entities, which process trillions of dollars annually.


These established integrations reinforce XRP’s role as a bridge asset for cross-border payments and real-time settlements.


Moreover, Ripple continues to enhance its technology stack with privacy-focused innovations. The XRP Ledger now incorporates Zero-Knowledge Proofs, allowing shielded transactions that balance transparency with confidentiality.


This upgrade aligns with DNA Protocol, a project building secure identity and data management solutions on the XRP Ledger, signaling a maturing infrastructure for institutional finance. While they didn’t mention it directly, Pumpius and Camilla’s sentiment subtly claims that Ripple technology would be a better option for Western Union’s initiative than Solana.


Fact Check: Claims Remain Unverified

Despite widespread attention, neither Solana nor Western Union has confirmed the reported $50 million deal. The details circulating online stem from social media commentary rather than official corporate disclosures. Until verified statements emerge, the claims should be regarded as unconfirmed information and treated with caution.


Also Read: Expert Warns XRP Could Hit Strong Resistance at $2.80 Before Major Price Move


The post Trending: Solana Paid Western Union $50M for the Stablecoin Deal? XRP Army Reacts appeared first on 36Crypto.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

Why Is Crypto Down Today? – October 30, 2025

Why Is Crypto Down Today? – October 30, 2025

The crypto market is down today, with the total cryptocurrency market capitalization falling by 3.0% to $3.78 trillion, according to data from CoinMarketCap. Meanwhile, the 24-hour trading volume sits at $192 billion, reflecting reduced activity as major cryptocurrencies turn red. TLDR: The global crypto market cap fell 3.0% to $3.78T; 8 of the top 10 coins and most majors in the red; BTC dropped 3.5% to $109,373, while ETH slid 3.6% to $3,868; The Fed’s 25 bps rate cut and the end of quantitative tightening in December signal returning liquidity; Fear & Greed Index fell to 34 (Fear); BTC ETFs saw $470.7M outflows; ETH ETFs posted $81.44M outflows; AUSTRAC fined CryptoLink A$56,340 (US$37,085) for AML compliance failures. Crypto Winners & Losers At the time of writing, 8 of the top 10 cryptocurrencies by market capitalization have declined over the past 24 hours. Bitcoin (BTC) fell 3.5%, now trading at $109,373, maintaining a market cap of over $2.18 trillion. Ethereum (ETH) slipped 3.6% to $3,868, while BNB (BNB) dropped 0.5% to $1,107. XRP (XRP) recorded a 4.4% decline to $2.54, and Solana (SOL) lost 3.9%, now priced at $190.92. The biggest drop among the top 10 came from Dogecoin (DOGE), which fell 4.4% to $0.1872. Despite the broader downturn, a few altcoins posted impressive gains. Aurora (AURORA) surged 65.1% to $0.08555, while Jelly-My-Jelly (JMJ) and Anvil (ANVL) rose 50.6% and 44.0%, respectively. In contrast, PepeNode (PNODE) and BlockchainFX (BFX) topped the list of trending tokens despite declines of 19.7% and 5.7%, showing strong retail interest amid market volatility. Meanwhile, Swiss-based asset manager 21Shares has filed with the US Securities and Exchange Commission (SEC) to launch a Hyperliquid (HYPE) exchange-traded fund (ETF) amid growing institutional appetite for altcoin-linked investment products. The move came just weeks after Bitwise filed for a similar Hyperliquid ETF, underscoring intensifying competition among asset managers to capture investor demand for exposure to decentralized trading ecosystems. The HYPE token powers Hyperliquid’s decentralized exchange, offering users fee discounts and serving as the gas token for its blockchain. Bitcoin Holds Strong as Altcoins Lag Despite Fed Rate Cut and End of QT The US Federal Reserve’s latest 25 basis-point rate cut unfolded as expected, sending Bitcoin briefly down to $109K. However, the real market mover was the Fed’s confirmation that quantitative tightening (QT) will end in December, signaling the return of liquidity that could fuel risk assets. Analysts say this could set the stage for an “alt season,” though past patterns show such optimism often fades quickly. In 2024, the first rate cut triggered a strong rally, but it fizzled by September, only to be reignited by Trump’s election victory later that year. Despite those bursts of momentum, most altcoins have failed to reclaim their 2021 highs, while Bitcoin remains the only asset consistently trending upward. Major tokens like ETH, SOL, and XRP remain more than 40% below their peaks, showing a market still in a consolidation phase. Analysts view the current market as a reset rather than a crash, where liquidity is shifting rather than expanding. Solana and XRP both appear to be stabilizing, with record futures open interest near $3 billion each on CME. Levels & Events to Watch Next At the time of writing, Bitcoin trades at $109,295, down 0.68% on the day. The coin has been consolidating after failing to sustain momentum above $112,000 earlier this week. For now, BTC’s intraday range sits between $108,800 and $110,200, suggesting a cautious market tone. A breakout above $111,800 could trigger a move toward $114,500 and potentially $118,000, where previous resistance zones lie. On the downside, failure to hold current support could open the door to $107,500, followed by a stronger support area around $105,000. Meanwhile, Ethereum trades at $3,865, down 0.99% in the past 24 hours. The coin has been hovering near the $3,850–$3,900 zone after slipping from its weekly high near $4,100. If ETH breaks above $3,950, it could attempt to retest $4,200 and then $4,400, where selling pressure has repeatedly capped rallies. However, a drop below $3,800 may lead to a deeper pullback toward $3,650–$3,700 in the short term. Meanwhile, market sentiment has tilted slightly more bearish, with the Crypto Fear and Greed Index falling to 34, signaling “Fear.” The index was at 39 yesterday and 43 a month ago, indicating a steady decline in confidence as traders remain cautious amid price volatility. The shift reflects ongoing uncertainty in the market, with participants holding back from aggressive positions while awaiting clearer signals from macroeconomic developments. The US Bitcoin spot exchange-traded funds (ETFs) saw a sharp reversal on Wednesday, recording $470.7 million in outflows, according to data from SoSoValue. The total cumulative net inflow now stands at $61.87 billion, with total net assets valued at $149.98 billion, representing 6.75% of Bitcoin’s market capitalization. Among the funds, Fidelity’s FBTC led the outflows with $164.36 million, followed by Ark & 21Shares (ARKB) with $143.8 million, and BlackRock’s IBIT with $88.08 million. Grayscale’s GBTC also saw $65.01 million leave the fund. The US Ethereum spot ETFs also recorded $81.44 million in outflows on Wednesday. The total cumulative net inflow now stands at $14.65 billion, while total net assets are valued at $26.60 billion, representing 5.58% of Ethereum’s market capitalization. Among the nine ETFs, BlackRock’s ETHA was the only major fund to post gains, taking in $21.36 million. In contrast, Fidelity’s FETH saw the largest outflow at $69.49 million, followed by Grayscale’s ETHE with $12.83 million and Grayscale’s ETH with $16.18 million. In contrast, the US Solana spot ETFs recorded $47.94 million in net inflows on Wednesday. The total cumulative net inflow now stands at $117.40 million, with total net assets reaching $432.29 million, representing 0.40% of Solana’s market capitalization. Among the two listed ETFs, Bitwise’s BSOL led with $46.54 million in inflows, while Grayscale’s GSOL added $1.40 million. Total trading volume across both funds was $79.50 million for the day. Meanwhile, Australian financial intelligence agency, AUSTRAC, slapped a AU$56,340 fine (US$37,085) on crypto ATM operator CryptoLink on Thursday. The action comes after the regulator’s Crypto Taskforce, established last year, found late reporting of large cash transactions and “weaknesses” in CryptoLink’s AML rules
Share
CryptoNews2025/10/30 23:12