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PayPal’s stablecoin PYUSD has plummeted, with its market value shrinking 40% since August, when it topped $1 billion. By October 16th, PYUSD’s market cap was $618 million, reflecting a significant drop in just six weeks. It is currently well below its August high when it was ranked as the No. 4 stablecoin. Launched on the Ethereum network in August 2023, PYUSD initially gained momentum. By mid-August, Solana’s supply surpassed Ethereum’s, showing strong early adoption. A key driver of this growth was our partnership with Kamino Finance, a Solana-based lending platform. Mr. Jinno increased the appeal of PYUSD by offering interest…

13:21 ▪ 3 min read ▪ Written by Eddie S. Ethereum co-founder Vitalik Buterin recently announced an ambitious vision for the future of Ethereum’s blockchain scaling solution, known as “The Surge.” This roadmap aims to significantly enhance Ethereum’s transaction processing capabilities, with a goal of over 100,000 crypto transactions per second (TPS) through the integration of layer 2 solutions. Crypto: Vitalik Buterin’s roadmap to 100,000 TPS! The main goal of “The Surge” is to make Ethereum an integrated ecosystem where various layer 2 solutions work seamlessly with the Ethereum main chain. Currently, Ethereum can handle around 15-30 TPS, which is…

Elon Musk’s interesting relationship with cryptocurrencies has taken a new turn. According to blockchain analytics platform Arcam Intelligence, the company moved approximately $765 million worth of Bitcoin to unknown wallets. It’s unclear whether the EV maker, which is the fourth-largest Bitcoin holder among U.S. public companies, has any plans to sell, according to BitcoinTreasuries. Tesla did not immediately respond to requests for comment or confirmation of the transfer. Among U.S. publicly traded companies, only software company MicroStrategy and bitcoin mining companies MARA Holdings and Riot Platforms hold more cryptocurrencies. But Tesla’s Bitcoin accounts for significantly less than 1% of its…

Global payments platform Stripe is reportedly in talks to acquire Bridge, a company that facilitates transactions involving stablecoins, Bloomberg reports. This potential deal means Stripe will move deeper into digital currencies and blockchain technology.As noted by Bloomberg, discussions between Stripe and Bridge are ongoing, but no final agreement has been reached. Bridge allows businesses to create, store, send, and accept stablecoins such as Tether’s USDT and Circle’s USDC through its platform.Founded less than two years ago by Zack Abrams and Sean Yu, Bridge has secured $58 million in funding from investors including Sequoia Capital, Rivit Capital, Index Ventures, and Haun…

The European Securities and Markets Authority (ESMA) has called for amendments to the European Union’s Cryptoassets Market Regulation (MiCA), expressing concern over the structure of the current framework. On October 16, ESMA issued an official opinion to the European Commission requesting amendments to strengthen regulatory oversight in the virtual currency sector. “While ESMA acknowledges the legal restrictions raised by the Commission, it emphasizes the importance of the policy objectives behind the original proposal,” the regulator wrote, citing the need for stronger standards in the virtual currency market. emphasized. ESMA’s recommendations focus on improving two key Regulatory Technical Standards (RTS) within…

The supply chain industry has transformed significantly in recent years, with AI, IoT, and blockchain working together to improve efficiency, reliability, and transparency in the sector. In fact, the undercurrent for blockchain adoption is so strong that the technology is estimated to grow at a CAGR of 53.2% over the next few years. Blockchain is widely seen as a panacea to critical issues that the supply chain sector is grappling with. Its decentralized and immutable nature enhances transparency, traceability, and security, increasing customer satisfaction and profitability. It’s no wonder that companies across industries are integrating distributed ledger technology into their…

According to Cointelegraph and ChainCatcher News, Chainalysis said in its latest report on crypto adoption trends in North America that the pace of stablecoin adoption in the US will slow compared to global markets in 2024. There have been significant changes to stablecoins this year. The share of stablecoin transactions in the U.S. market has declined from approximately 50% in 2023 to less than 40% in 2024, and the share of stablecoin transactions on unregulated platforms in the U.S. market has declined by 2023. It has increased significantly since then. , more than 60%. Chainalysis believes that this change does…

Donald Trump ignited the industry once again by declaring that cryptocurrencies are the future. In this booming environment, experts are talking about the star of the Phase 4 presale: DTX Exchange (DTX). They say this newcomer has 20x better growth potential than top altcoins like Ripple (XRP) and Toncoin (TON). This statement has some merit as it has the potential to revolutionize online trading and become a favorite platform for millions of fans. DTX Exchange (DTX) looks poised for explosive growth DTX Exchange (DTX) is one of the hottest DeFi projects. Pre-sale performance has been impressive, raising nearly $5 million…

Ethereum co-founder Vitalik Buterin has outlined his vision for the next phase of network evolution, known as the “surge.”In an October 17th blog post, Buterin shared key goals for this phase, which aims to achieve over 100,000 transactions per second (TPS) across Ethereum’s mainnet and Layer 2 solutions.He also emphasized the importance of improving interoperability between layer 2 networks while maintaining the decentralization and robustness of blockchain mainnets.Rollup-centered roadmapButerin pointed out that Ethereum’s current scaling roadmap emphasizes a rollup-centric approach, with L1 serving as the secure decentralized foundation and L2 handling scaling of the network.However, this strategy has its own…

If the stock price trended downward, Jim Cramer would become a buyer of Walt Disney. “I want to buy more,” he said Wednesday at the investment club’s October meeting. He added that he would consider adding to his position if the stock price fell below $90 per share. He said it makes sense to buy on the bear because the slowdown in Disney’s theme park business, the company’s revenue driver, will eventually abate. Shares rose nearly 2% on Wednesday to about $96 a share. Disney’s experiences division, which includes theme parks, accounts for about 40% of the company’s overall segment…