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Crypto payments network Mesh has closed $82 million in a funding round led by venture capital firm Paradigm. Mesh said in a press release that it raised $82 million in its Series B funding round. Venture capital firm Paradigm led the financing round, which attracted the participation of Consensys, QuantumLight Capital and Yolo Investments, and brought the decentralized platform’s total raise to $120 million. The funding will go into expanding the payment network’s solution across the globe, with stablecoin adoption a major part of the company’s goal. Simply, Mesh plans to bring crypto payments and stablecoin settlements to any merchant, with the target being to make it easier for cryptocurrency holders to pay with any crypto, while merchants have the benefit of faster and seamless stablecoin settlements. In this case, a user can pay with Bitcoin ( BTC ), Ethereum ( ETH ) or Solana ( SOL ). Mesh’s technology will see the merchant receive the payment in a stablecoins such as PayPal USD ( PYUSD ). Payments will auto convert to the supported stablecoin. “Stablecoins present the single biggest opportunity to disrupt the payments industry since the invention of credit and debit cards, and Mesh is now first in line to scale that vision across the world,” Bam Azizi, chief executive officer and co-founder of Mesh, said. The crypto payments platform, founded in 2020, connects hundreds of exchanges, wallets and financial services providers. Its footprint in the ecosystem includes key partnerships with MetaMask, Shift4 and Revolut. Mesh has also partnered with India-based crypto exchange CoinCDX, crypto wallet Conio and Turkey-based crypto platform Paribu. In a notable development, Mesh’s funding round saw most of the VC injection settle in PayPal USD, the U.S. dollar-pegged stablecoin backed by PayPal and issued by Paxos. PYUSD offered the venture capital firms benefits of stablecoins, including instant settlement, transparency and 24/7 support. PayPal backed Mesh via a PYUSD investment in January 2024.

The U.S. SEC has delayed the approval of several cryptocurrency spot ETFs. The SEC has postponed the approval process for VanEck Spot Solana ETF, Canary Spot Litecoin ETF, Canary Spot Solana ETF, Canary Spot XRP ETF, Grayscale Spot XRP ETF, and Grayscale Spot Dogecoin ETF.

Solana (SOL) revenues have also dropped by 93% from a January high, according to data by DefiLlama. Recent price action shows volatile volumes of transactions and price swings, indicative of indecisive investor behavior. During the months of September and October, the market capitalization of Solana fluctuated regularly between 4 and 5 billion USD. Volumes in these months were minimal and illustrated minimal fluctuations. However, as October went on, there was a regular increase, with market capitalization creeping up , even though activity was modest. By November, bullish momentum strengthened. The market value surged past 6 billion USD, accompanied by notable trading volume spikes. December continued this upward trajectory, with values surpassing 8 billion USD. Trading volumes mirrored this growth, indicating heightened investor interest. In early 2025, the market stabilized at 8 to 9 billion USD. However, trading volumes became more erratic. February saw a dramatic surge, with market value peaking at nearly 12 billion USD. This was the highest value recorded in the period. Trading volumes also hit their peak, exceeding 50 million USD. Following the February peak, a steady decline began. By March, the market value dipped closer to 6 billion USD, while trading volumes dropped significantly. This decrease reflects reduced market activity and declining investor enthusiasm. Solana’s price trend from July 2024 to March 2025 displayed multiple shifts. In July, SOL prices fluctuated within the $110 to $120 range, marking the lower boundary of the demand zone. This stability extended into September. In October, the price broke above a descending trendline , surpassing $140 and indicating bullish momentum. November saw SOL reaching $185 before experiencing a brief pullback. The breakout zone, marked by a blue circle, established key support. The price held strong through December, peaking near $260 in January 2025. However, a strong downward trend followed. By March, SOL retraced to the critical support zone around $121.55. This level represents a significant pivot point. Projections suggest a possible recovery, with an initial target of $185.38. Further gains could push prices to $263.96, with a longer-term goal of $296.00. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Jupiter founder's lock-up proposal passes The 2030 Lock-in proposal put forward by “meow,” the pseudonymous co-founder of Solana (SOL)-based decentralized cryptocurrency swap aggregator Jupiter (JUP), has passed a community vote, SolanaFloor, a Solana news channel, reported.…