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Visa’s stablecoin pilot enables instant global payouts to creators and gig workers, bridging traditional banking and Web3 infrastructure.
JPMorgan’s deposit token and Solana’s ETF inflows underscore growing institutional participation in blockchain-based finance.
Chainlink’s ETF nears launch as regulatory progress accelerates, highlighting crypto’s evolution toward mainstream investment products.
The global crypto landscape is buzzing with innovation and activity this week. Visa launched a stablecoin payout pilot for creators, JPMorgan deployed its deposit token on Base, and Solana and Chainlink ETFs saw major institutional traction. Meanwhile, a shocking crypto-related murder in the UAE underscored the darker side of digital wealth.
Visa has announced a pilot program allowing creators and gig workers to receive payments in stablecoins directly to their digital wallets.
The initiative, launched through the Visa Direct platform, aims to bridge traditional finance with blockchain technology by enabling instant, borderless, and low-cost payouts.
Currently active with select US partners, the pilot will expand globally in the second half of 2026. Visa’s head of crypto initiatives described it as “a milestone in the evolution of digital payments, where global commerce meets programmable money.”
The company envisions this as a step toward financial inclusion, particularly for freelancers without access to USD accounts, offering faster, more transparent, and stable alternatives to traditional systems.
According to Sosovalue, Bitcoin spot ETFs recorded $523.98 million in net inflows on November 11, the highest daily intake this month. None of the 12 listed Bitcoin ETFs reported outflows.
BlackRock’s IBIT ETF led the surge with $224.22 million in inflows, pushing its total historical inflows to $64.55 billion.
Fidelity’s FBTC ETF followed with $165.86 million in daily inflows, reaching a total of $12.17 billion.
The collective net asset value of all Bitcoin spot ETFs now stands at $137.83 billion, representing 6.67% of Bitcoin’s total market capitalization.
Also Read: Bitcoin Price Holds at $103,000 as ETF Inflows Boost Market Confidence
JPMorgan Chase has launched its deposit token, JPM Coin, on Coinbase’s Base blockchain, allowing institutional clients to make instant, 24/7 USD transfers.
Unlike stablecoins, JPM Coin represents actual bank deposits, making it a regulated liability of the issuing bank. The rollout marks another major step in traditional finance’s adoption of blockchain technology.
This launch follows the bank’s ongoing collaboration with DBS Bank to create a tokenization framework for cross-border transfers between banking networks.
JPMorgan’s blockchain co-lead, Naveen Mallela, confirmed that the initiative expands the bank’s blockchain settlement capabilities, building on previous pilots conducted in June.
Solana (SOL) dropped roughly 5% this week to around $158.97, but institutional activity around the network remains strong.
Grayscale expanded its GSOL ETF to include options trading, allowing investors to hedge and gain exposure through regulated derivatives.
Derivatives volume surged 52% and open interest jumped 29%, indicating higher institutional participation.
Spot Solana ETFs have also recorded 11 consecutive days of inflows, totaling $7.9 million on November 11. Since their October launch, Solana ETFs have absorbed $350 million in net inflows, now managing $568 million in assets.
Bitwise’s proposed Chainlink (LINK) ETF appeared on the DTCC registry this week under the ticker CLNK, a move typically preceding SEC approval.
Currently labeled “active” and “pre-launch,” the ETF would track Chainlink’s market performance, offering institutional exposure to the decentralized oracle network that powers smart contracts with real-world data.
LINK trades near $15.9, consolidating within a $13-$26 range, while open interest has rebounded to $667 million, signaling renewed trader participation.
Although US ETF approvals remain delayed due to the ongoing government shutdown, new SEC listing standards could expedite approvals once operations resume.
Russian scammer Roman Novak and his wife were found dead in the UAE after reportedly being lured to a villa by men posing as investors.
Novak, convicted in 2020 for a $500 million crypto scam, had resumed fraudulent operations after his release in 2023.
Investigators believe the attack was a revenge-driven one, where criminals physically force victims to surrender crypto wallet credentials. Eight suspects, all Russian nationals, have been detained.
Experts note a 169% rise in crypto-related assaults in the US this year, warning that public displays of crypto wealth make individuals prime targets.
1. What is Visa’s stablecoin pilot about?
Visa’s pilot enables instant stablecoin payouts via blockchain to creators and gig workers, removing cross-border payment friction.
2. How does JPMorgan’s deposit token differ from stablecoins?
JPM Coin represents regulated USD deposits at the bank, unlike stablecoins backed by external assets.
3. Why are Solana ETFs attracting institutional demand?
Solana ETFs offer yield opportunities and regulated exposure amid rising derivatives and spot inflows.
4. When could the Chainlink ETF launch?
Chainlink’s ETF, listed as “active” on DTCC, could launch soon pending SEC clearance post-government reopening.
5. What’s behind the crypto-related crime in the UAE?
The UAE case involved revenge for a $500 million scam, reflecting rising “wrench attacks” targeting high-profile crypto figures.
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