According to @_RichardTeng, major financial players are significantly expanding their cryptocurrency operations despite short-term market consolidation. Mastercard is hiring two senior vice presidents to drive its digital asset and blockchain initiatives, focusing on scaling its Multi-Token Network (MTN) and integrating more stablecoins like USDC for cross-border payments, as stated by its crypto head Raj Dhamodharan. This move aims to bridge traditional finance with blockchain technology. Concurrently, cryptocurrency exchange Coinbase (COIN) has acquired token management platform LiquiFi to simplify on-chain development and token issuance for startups, a move that saw COIN shares rise 1% in pre-market trading. These strategic developments highlight growing institutional commitment to crypto infrastructure, occurring as major assets like Ethereum (ETH) and Solana (SOL) experienced minor 24-hour dips of approximately 1.26% and 1.37% respectively.

According to Crypto Rover (@rovercrc), major financial institutions including PayPal, Mastercard, and Visa are actively embracing cryptocurrency, signaling a significant shift as centralized finance (CeFi) integrates decentralized finance (DeFi) solutions. This trend is crucial for traders, as increased adoption by payment giants is expected to boost liquidity, drive mainstream acceptance, and potentially reduce transaction costs for crypto assets. The move by PayPal, Mastercard, and Visa toward supporting crypto payments and DeFi protocols marks a pivotal moment for mass adoption and may lead to higher trading volumes and volatility across key digital assets (Source: Crypto Rover on Twitter, May 15, 2025).