“On October 3rd, he asked me what day it was. It’s October 3rd.”
Welcome back to our weekly crypto digest – your go-to roundup of the latest trends and insights in blockchain, DeFi, and digital assets! This week brings exciting developments in wallets, DeFi, and global financial infrastructure.
Let’s not waste our time and go right to the fresh news. Before diving in, explore our website to see how we can support you in developing and launching your own blockchain product. With our white label solutions, the process becomes fast, simple, and fully supported at every stage.
Samsung Wallet partners with Coinbase One
Starting with a great collaboration, Samsung has announced that Samsung Wallet users will now have exclusive access to Coinbase One.
As a result, 75 million Samsung Galaxy owners in the United States will have access to commission-free cryptocurrency trading and staking with bonus rewards.
“Together with Samsung, we’re pairing their global scale with Coinbase’s trusted platform to deliver the best value for people to access crypto – starting with more than 75 million of Galaxy users across the U.S., and soon around the world,” said Shan Aggarwal, Chief Business Officer, Coinbase.
This integration expands the wallet’s functionality beyond storing digital IDs and membership cards by providing crypto services directly in-app. With this move, Samsung Wallet strengthens its position as a multi-purpose hub, bringing crypto closer to mainstream adoption.
Bitcoin price growth conditions identified
No digest can be written without at least one piece of Bitcoin news. For this week, analysts suggest that BTC could potentially climb to $200,000, provided certain market conditions are met.
According to their data, since July, spot purchases of bitcoin have increased by 62,000 BTC per month. This is comparable to the dynamics before the previous rallies in the fourth quarters of 2020, 2021, and 2024.
Factors include sustained institutional interest, ETF flows, and macroeconomic trends. Experts also noted the increased demand from whales and exchange-traded funds.
Large holders are increasing their exposure at a rate of 331,000 BTC per year, which is significantly higher than in the same periods of previous years.
Founder of Aave predicts new DeFi boom
Stani Kulechov, the founder of Aave, predicts that the next DeFi boom could occur if the U.S. Federal Reserve lowers interest rates. The founder spoke about this at the TOKEN2049 event in Singapore.
Kulechov stated that this will pave the way for access to “truly enticing” returns, providing a significant financial prospect for participants regardless of their location.
Kulechov noted that each easing of monetary policy, both by the Fed and the ECB, creates additional opportunities for arbitrage in DeFi. Cheaper borrowing costs may attract more liquidity into decentralized finance platforms, potentially sparking innovation and growth across the ecosystem.
Visa integrates stablecoins into Visa Direct
And another cooperation between the traditional payment system and blockchain. On Tuesday, the announcement came that Visa continues to embrace blockchain by integrating stablecoin payments into its Visa Direct platform.
According to Visa representatives, the existing cross-border payment systems are slow and require the freezing of significant amounts in fiat. The new mechanism will enable companies to avoid reserving large balance sheets in advance, thereby freeing up capital.
This move allows faster and cheaper cross-border transfers, reinforcing stablecoins’ importance in modern financial systems. As stablecoins gain traction, businesses and users benefit from efficient digital payment options.
SWIFT and Chainlink launch blockchain platform for banks
Last, but not least in our digest. Want to hear more news about new payment solutions? Well, global payment giant SWIFT, in collaboration with Chainlink, is developing a blockchain-based platform for banks.
This was the result of a long-term partnership with Chainlink and two years of digital asset research. The new system allows you to handle corporate events in the financial sector.
The project involves 24 large organizations, including DTCC, Euroclear, UBS, and Wellington Management.
The verified data is converted into standard ISO 20022 messages and transmitted over the SWIFT network. In parallel, the Chainlink interconnection protocol distributes the same data to public and private blockchains. Testing showed almost 100% accuracy of the information and support for several languages, including Spanish and Chinese.
This partnership marks another significant step in bridging Web2 and Web3 infrastructures.
Final Thought
To sum it up, we can say that from Samsung’s crypto integration to Visa’s stablecoin expansion, the week highlights how major global players are steadily moving into blockchain and Web3. Analysts’ bullish outlook on Bitcoin and predictions of a new DeFi wave only add to the momentum.
Stay tuned with Evercode Lab for more insights into blockchain development, crypto wallets, and Web3 product innovation. And if you want to explore the new frontiers of your service and discover the full potential of the crypto market and Web3 solutions, please contact our team today!