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- Mastercard Buys Its Way Into Stablecoins, and Uniswap Turns Idle Crypto Into Yield
Mastercard Buys Its Way Into Stablecoins, and Uniswap Turns Idle Crypto Into Yield
A card giant just bought its way into stablecoins, and the mid-caps are quietly running laps around Bitcoin.
Bitcoin and Ether both nudged higher this week without doing anything dramatic, even as a record-breaking data point suggests US institutions still aren’t fully back in. Underneath it all, a handful of larger-cap names are putting up the kind of moves the majors haven’t managed in weeks.

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Market-Moving News
Three things worth your attention this week. A card network bought its way into stablecoins, Uniswap turned idle crypto into a yield product, and Bitcoin keeps trading cheaper on Coinbase than anywhere else.

TradFi
Visa Adds Stablecoins to 18B-Endpoint Payout Network

Visa is bringing stablecoin prefunding and payouts into Visa Direct through a new infrastructure partnership with Zerohash. Eligible clients will be able to fund payment accounts with stablecoins and send stablecoin payouts directly to recipients.
Zerohash will provide the technical and regulatory stack connecting wallets, blockchains, compliance systems, and settlement. Visa Direct reaches more than 18 billion eligible cards, bank accounts, and digital wallets across over 195 countries and territories.
Stablecoins Move Inside Existing Rails
Businesses traditionally hold fiat balances in advance to ensure cross-border payouts can be completed. Stablecoin prefunding allows clients to move digital dollars into Visa Direct around the clock instead of waiting for banking systems to open or transfers to clear. Recipients can also receive stablecoins directly when the service is supported.
The partnership does not activate stablecoin payouts across all 18 billion endpoints immediately. Access will depend on client eligibility, local regulations, and supported wallets.
Distribution Becomes the Advantage
Stablecoin companies have spent years building separate payment networks. Visa is taking another route by adding onchain money to infrastructure already used by banks, fintechs, and payment companies.
Zerohash operates regulated entities across major markets and supports dozens of blockchains and stablecoins. Visa has not yet disclosed which specific assets and networks will be available through this integration.
Take: The next test for you is whether stablecoins become a regular funding tool inside Visa Direct rather than a limited payment option. Real adoption begins when businesses use the service for recurring cross-border flows at commercial scale.

Industry
World Chain Streams Block Data Every 200ms

World Chain will activate streaming Block Access Lists on August 17, becoming the first production Layer 2 to send full EIP-7928 data while blocks are still being built.
Its Flashblocks system divides each two-second block into updates delivered about every 200 milliseconds. Validators can begin checking transactions immediately instead of waiting for the finished block.
World Chain is targeting throughput of up to one gigagas per second, equal to one billion gas units.
Validators Get the Map Early
Block Access Lists record the accounts, contracts, and storage locations touched during execution, along with resulting state changes. The map shows which transactions depend on each other. Independent activity can be checked across multiple processor cores, reducing the sequential workload that slows block validation.
EIP-7928 can also support parallel disk reads, state-root calculations, and updates without re-executing every transaction.
Speed Faces a Production Test
World says testnet validation latency remained largely stable as throughput increased, suggesting faster networks may not require validators to buy stronger machines. The result is not guaranteed on mainnet. Heavy traffic, larger access lists, bugs, or network delays could create bottlenecks that controlled testing missed.
World Chain is enabling the feature through a runtime setting. Ethereum’s base layer has not adopted EIP-7928, which remains under review.
Take: The upgrade puts one question in front of you: can World Chain raise throughput without forcing validators into a hardware arms race? August 17 will show whether streamed verification survives production traffic.

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Corporates
Binance Affiliates Seek $473M From RedotPay Founders

Three Binance-affiliated companies are seeking $472.8 million from RedotPay’s co-founders in a Hong Kong lawsuit involving more than 470,000 crypto-card users.
Nest Trading, Distributed Technologies, and Chaintecs Consulting Singapore allege Gao Zhangpeng, Chan Wa Choi, and Yao Chao breached a 2025 agreement. The complaint claims RedotPay let customers fund its cards through Binance Pay in ways that redirected business from Binance Card.
RedotPay says the proceedings do not affect operations and that it is vigorously defending the claims. No court has ruled that the founders breached the agreement.
Customer Access Gets a Price Tag
The plaintiffs calculate their alleged losses at about $925 per customer. The figure shows how valuable distribution has become in crypto payments. Exchanges and card providers are no longer competing only on fees or supported tokens. Access to an established user base can decide which platform captures everyday spending.
The Dispute Reaches Beyond Damages
RedotPay has explored a U.S. listing that could raise more than $1 billion at a valuation above $4 billion. A $472.8 million claim may complicate investor reviews even if the company defeats it. The central question is whether RedotPay grew through permitted access or crossed restrictions inside the Binance agreement.
Take: The lawsuit gives you a hard number for what crypto companies believe payment customers are worth. Its impact will depend on whether the court sees RedotPay’s expansion as competition or a breach of contract.

Coin Leaderboard


Crypto Pulse
Majors barely moved this week, but a handful of larger, more established names are putting up real gains without the wild swings you’d get from a thin-float memecoin. Here are five worth watching, all comfortably above a $10 million market cap.
Velvet (VELVET) — $0.516 (+16.5%)
Velvet is a DeFi asset-management protocol and the single biggest gainer on this list at +16.5%, though on lighter volume of about $8 million against a $217 million cap. That thinner volume-to-cap ratio means the move is more fragile than the others here, so treat it as one to watch rather than one to chase.
Pump.fun (PUMP) — $0.0025 (+11.4%)
Pump.fun is the token launchpad behind a huge share of this year’s meme-coin activity, and it’s up double digits on nearly $175 million in 24-hour volume against a $982 million cap. That’s serious liquidity for a single-day move, and it usually means new listings or launch volume are driving it rather than a handful of large wallets.
Kite (KITE) — $0.102 (+10.2%)
Kite touches AI and data infrastructure and posted a double-digit day on $38.7 million in volume against a $184 million cap. Worth flagging: the token’s technical rating currently sits at Sell despite the price strength, which is the kind of disconnect that’s worth digging into before you chase the candle.

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Future Forward
Quiet calendar this week, so the focus stays on price action and whether these mid-cap moves hold.
Watch This Week:
🔍 Whether Cysic and Heima hold their gains once momentum cools
🔍 US labor market data midweek, which could move Treasury yields and pressure risk assets
🔍 Follow-on stablecoin partnerships now that Mastercard and BVNK are combined
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Crypto Know-How: Why Owning the Rails Beats Renting Them
Mastercard's BVNK purchase is the largest acquisition a major card network has made in the stablecoin space to date. It's bigger than Stripe's $1.1 billion buy of Bridge last year, and it makes Mastercard the first big card network to own stablecoin settlement infrastructure outright rather than just plug into someone else's.
Here's why that distinction actually matters to you. A partnership means a company is renting access to another firm's rails, and it can walk away or get outbid. Ownership means Mastercard controls the roadmap, the pricing, and who gets access next.
When Visa announced its own stablecoin settlement pilot with Stripe's Bridge around the same time, it was the clearest sign yet that both of the biggest payment networks in the world now see stablecoins as core infrastructure, not a side experiment. The company that owns the rails usually ends up writing the rules everyone else has to follow.

Everything Else
💼 Shareholder-friendly compounders are back in style, as investors look for companies that can weather downturns and still keep income flowing.
🏦 Robinhood secured registration under the UK’s crypto anti-money-laundering regime, effective July 31, opening the door to offering crypto services to UK customers. Source
🏗️ Aztec Foundation laid off 18 employees, about 55% of its workforce, splitting the organization into Aztec Labs and the foundation as part of a restructuring.
📉 Hashdex announced it’s closing its Hashdex Bitcoin ETF after failing to attract enough assets, even as most other spot Bitcoin funds keep pulling in fresh money.
🔄 Intesa Sanpaolo, a major Italian bank, cut its Bitcoin ETF position sharply this quarter while tripling its holdings in a staked Ethereum ETF.
🔐 BitGo’s CEO publicly challenged Anthropic’s Claude to try to hack a wallet he set up holding 100 BTC, pushing back on claims about AI’s current wallet-cracking capability.

That's our coverage for today; thanks for reading! Reply to this email with feedback or any cryptocurrencies you want me to check out.
Best Regards,
— Warda Kashif
Crypto Intel


