Crypto exchange, Gemini, founded by the Winklevoss twins, announced the launch of a Solana edition credit card that lets users earn up to 4% back in SOL and auto-stake rewards. CoinDesk's Jennifer Sanasie explains what this news means for Solana's momentum in today's "Chart of the Day," presented by Crypto.com. ...

Core Insights - Fold is launching a Visa credit card powered by Stripe Issuing that offers bitcoin rewards on every purchase, leading to a significant increase in its share price during pre-market trading [1] - The card provides up to 3.5% back on spending, with 2% unlimited instantly and an additional 1.5% for customers who pay balances from a Fold checking account with qualifying activity [2] - Fold has processed $3.1 billion in transaction volume and distributed $83 million in bitcoin rewards to date, with over 500,000 active users [3] Company Developments - Fold's new credit card is part of its consumer suite, which includes banking, custody, exchange, and debit services [3] - The company has transitioned from a bitcoin gift card business to a crypto rewards model since 2019 [3] Industry Trends - Stripe has expanded its crypto initiatives, including partnerships that allow Shopify merchants to accept USDC, indicating a growing trend in fintech bridging traditional payments and blockchain [4] - Visa reported an estimated $1 billion in annualized stablecoin settlement volume, highlighting the increasing competition in payments-linked digital asset rewards [5] Market Reaction - Fold shares initially rose over 23% in pre-market trading but fell about 10% to $3.46 by mid-afternoon, reflecting challenges in maintaining momentum in the U.S. fintech sector [6]

Crypto rewards believers#AscendEX #DiamondHands https://t.co/r9EhicgzEV ...