The company behind the STEPN move-to-earn app partnered with MasterCard, enabling users to spend GMT tokens almost anywhere.
Crypto projects are stepping up their integration with traditional finance. On April 28, FSL, the Web3 firm behind the move-to-earn app STEPN (GMT), partnered with MasterCard to launch its own GMT Pay network. The card will enable users to use their GMT and GGT tokens directly for purchases, anywhere in the world.
Why choose GMT Pay?Turn your crypto into real-world spending power with the GMT Pay app â available now for everyone!â Instant card activationâ Global availabilityâ Apple Pay & Google Pay compatibleWatch your rewards from @stepnofficial transform into real-life value⦠pic.twitter.com/mSF2vhrmhpâ FSL Ecosystem (@fslweb3) April 28, 2025
Specifically, the company is launching the GMT Pay Gift Card, available in $50, $100, $200, and $300 denominations. Users can use the virtual card, powered by MasterCard, for both online and offline purchases, and add it to Apple Pay or Google Pay.
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Users can now spend STEPN tokens easily
The goal behind this rollout is to enable users to spend their STEPN governance tokens (GMT) and game tokens (GGT) with all merchants that accept MasterCard. It allows users to spend the tokens without needing to go through crypto exchanges.
âThree years ago, the idea of a Web3 payments app felt like a distant dream. Today, itâs a reality. You can go for a run with STEPN GO, earn rewards, download GMT Pay, and seamlessly use your earnings to make real-world purchases. This is the evolution of Web3-bridging the gap between digital and physical worlds,â Yawn Rong, Co-Founder of FSL.
At the same time, the GMT card is available to users worldwide. While FSL notes that certain restrictions may apply, the card should generally be accessible globally.
âGMT Pay is the next step in empowering users to bring Web3 into their everyday lives. From fitness enthusiasts earning on STEPN GO to shoppers looking for global convenience, GMT Pay makes digital earnings useful in ways we couldnât imagine just a few years ago,â Shiti Manghani, CEO of FSL, added.
STEPN is a walk-to-earn app with 5.7 million registered users, giving rewards whenever users engage in physical activity like walking and running.
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President Donald Trump has reported $57.4 million in income from World Liberty Financial, his cryptocurrency venture backed by sons Donald Jr. and Eric Trump.
According to the Financial Times, citing a 200-page filing, the U.S. Office of Government Ethics discloses that one of Trumpâs largest revenue sources among hundreds of financial interests is his crypto venture.
The filing shows Trump holds 15.75 billion governance tokens in World Liberty Financial. Instead of a direct investment, the tokens were obtained through his promotional activities on the network.
The report also shows that Trump holds positions in holding companies linked to digital ventures, such as CIC Digital LLC and CIC Ventures LLC, though these entities reported little to no income.
The document includes Trumpâs certification that the information provided is âtrue, complete, and correct to the best of [his] knowledge,â and is subject to review by the U.S. Office of Government Ethics.
Earlier this year, Trump removed David Huitema as director of the Office of Government Ethics, an independent agency responsible for overseeing ethics rules and financial disclosures for the executive branch.
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Trumpâs crypto fortune fuels conflict-of-interest concerns
According to 2024 SEC filings, Steve Witkoff, Trumpâs special envoy, was a âpromoterâ of the World Liberty Financial initiative. The venture operates as a decentralized finance platform offering cryptocurrency lending and trading services.
Since it launched last year, World Liberty Financial sold 21 billion tokens in a public offering, generating $1 billion in funding.
Trumpâs involvement appears legal on the surface, but Democrats and some Republicans have flagged Trumpâs willingness to profit while in office as a conflict of interest âparticularly since the president holds substantial crypto stakes while influencing policy.
SEC Chair Paul Atkins has dropped several high-profile enforcement cases against cryptocurrency companies since taking office. This has created a more favorable regulatory environment for the industry, one in which Trump has seemingly granted investors access to the executive branch if theyâre Official Trump (TRUMP) owners.
Rep. Jamie Raskin, the top House Democrat, recently opened a probe into the private dinner Trump hosted for top investors in his meme coin.
In addition to World Liberty Financial, Trump has thrown exclusive dinners for significant token holders and aggressively marketed the TRUMP meme coin on social media.
The Trump Media & Technology Group declared its intention to raise $2.5 billion for a âbitcoin treasuryâ strategy and to introduce a Bitcoin exchange-traded fund.
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Major investor backs Trump crypto ventures
DRW Investments, controlled by Chicago trader Don Wilson, invested $100 million in Trump Media just nine weeks after Cumberland, Wilsonâs crypto liquidity provider, received SEC enforcement relief.
Cumberland won dismissal of a civil complaint alleging unregistered securities dealer violations in March. Prior to the SEC dropping charges under the new leadership, the Biden administration had pursued the matter.
DRWâs investment makes it among the largest financiers of Trump Mediaâs cryptocurrency expansion plans. The funding supports the companyâs ambitions to acquire over $2 billion in cryptocurrency holdings and establish bitcoin treasury operations.
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Solana has surged 17% from its recent support level, rallying off a strong confluence zone at $143. Now, price action faces a critical test at the $176 resistance. Whether Solana breaks through or rejects from here could define its next major move.
After a sharp rebound from a high-confluence support zone, Solana (SOL) is now trading near a crucial resistance level that could determine its short-term direction. The rally off the $143 level, supported by the 0.618 Fibonacci retracement and weekly support, has brought price into a region packed with multiple overhead resistances, including the point of control, the daily supply/resistance level, and the upside 0.618 Fibonacci retracement near $176.
Key technical points
Strong Bounce from $143 Support:Price rebounded 17% after holding the 0.618 Fibonacci and weekly support zone.
$176 Resistance Cluster:Price is now approaching a high-confluence resistance region â POC, upside Fibonacci, and daily SR.
Range Risk or Breakout Potential:A rejection could lead to consolidation, while a breakout would signal continued bullish momentum.
SOLUSDT (4H) Chart, Source: TradingView
Solanaâs recent price behavior has been technically clean. The bounce from the $143 level was textbook, reacting strongly to the 0.618 retracement zone, which was also reinforced by high-timeframe weekly support. This confluence triggered a sharp bullish reaction, resulting in a 17% gain that now brings Solana into a complex resistance area.
Currently, price is testing a major cluster of resistance around the $176 mark, which includes:
The point of control (highest volume traded area),
The upside 0.618 Fibonacci retracement from the previous swing,
A significant daily support/resistance flip.
This region presents a key decision point. A break above $176 with conviction would likely extend the bullish trend, potentially triggering an accelerated move toward higher targets. However, a rejection at this level may simply lead to a healthy pullback, potentially forming a higher low and preserving the uptrend structure.
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If the rejection is more severe and volume fails to hold, Solana could slip back into the $143â$176 range, which has defined much of its recent high-timeframe price action.
What to expect in the coming price action
Solana is at a technical crossroads. A clean break above $176 could ignite further upside momentum, while failure to clear this level may suggest continued consolidation within the $143â$176 range. How price reacts here will shape the next leg.
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