PayPal now allows US merchants to accept payments in over 100 cryptocurrencies, with automatic conversion to PYUSD or USD. The new feature boasts transaction fees as low as 0.99%, aiming to provide a cost-effective and faster alternative to traditional cross-border payments for small and mid-sized businesses, though it’s currently unavailableContinue Reading
Australia’s financial regulator, ASIC, has issued a public warning against crypto exchange Bitget for allegedly promoting high-risk derivatives with extreme leverage to Australian users without the required AFS license. ASIC emphasised that these unlicensed products expose investors to significant losses and strip them of crucial protections under Australian financial servicesContinue Reading
Crypto ETPs saw their 15th consecutive week of net inflows, pushing year-to-date totals to US$29.5 billion and AUM to an all-time high of US$221.4 billion. Ethereum-based investment products attracted US$1.59 billion, their second-largest weekly inflow ever. ETH’s price surged over 55% in 30 days. SharpLink Gaming acquired another 77,210 ETH,Continue Reading
Adam Back argues that altcoins lack long-term value, likening them to prepaid credits rather than investments. Bitcoin’s digital scarcity and robustness make it uniquely viable among cryptocurrencies, according to Back. Historical failures of altcoins reinforce Back’s belief in Bitcoin’s sole relevance over the long run. Adam Back, CEO of BlockstreamContinue Reading
Trump and European Commission President Ursula von der Leyen announced a major trade deal breakthrough, which Trump called the “biggest deal ever reached”. The agreement imposes 15% tariffs on most EU goods like cars and pharmaceuticals, but exempts strategic sectors such as aircraft and semiconductors from tariffs entirely. In exchange,Continue Reading
Central banks are driving gold demand, acquiring over 1,000 metric tonnes for a third straight year. Institutions added US$38 billion (AU$57.78 billion) into gold ETFs in H1 2025, reinforcing a move to safety. Inflation fears and policy uncertainty continue to fuel demand for gold as a cross-border, apolitical store ofContinue Reading
Prosecutors in the case against Tornado Cash developer, Roman Storm, have told the judge they’re considering bringing charges against employees of Dragonfly Capital, an early investor in the privacy preserving application. Dragonfly general partner, Tom Schmidt and managing partner, Haseeb Qureshi are reportedly both in the firing line after leadingContinue Reading
Divine Research is offering unsecured loans, having issued over 30,000 short-term USDC loans since December, primarily to underserved global borrowers. Divine Research is using Worldcoin’s iris-scanning for fraud prevention and charges 20-30% interest. Despite a 40% default rate on initial loans, the platform aims to offset losses through interest andContinue Reading
A long-inactive Bitcoin address sold over 80,000 BTC, worth over $9 billion, via Galaxy Digital, marking one of the largest crypto trades on record. Galaxy confirmed the sale was for a client’s “estate planning” and, despite the massive volume, Bitcoin’s price largely stabilised around US$117K, indicating the sale avoided significantContinue Reading
Ripple co-founder Chris Larsen moved about 50 million XRP to exchanges, leading to accusations of “insider dumping” and fears among investors of becoming “exit liquidity”. Despite the recent transfer, Larsen still holds over 2.5 billion XRP, valued at roughly US$8.83B, a concern of potential future sell-offs that could heavily impactContinue Reading
