Articles for category: Crypto

September 19, 2025

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Expert Warns of Potential 70% Bitcoin Decline Amid Market Speculation

As the cryptocurrency market continues to evolve, investors may soon have another opportunity to accumulate Bitcoin. Leading analyst Benjamin Cowen has suggested that Bitcoin could see a staggering 70% decline in the upcoming bear market, a concern that has sparked varied opinions among market watchers. In a recent interview with Kyle Chasse, Cowen reflected on historical drawdowns in Bitcoin’s price, noting that previous cycles have seen drops of 94%, 87%, and approximately 77%. He stated, “I would say maybe a 70% drawdown from whatever the all-time high ends up.” While he acknowledges that such an occurrence is not guaranteed, he

September 19, 2025

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PayPal Expands PayPal USD Stablecoin to Eight New Blockchains

In a significant development for the cryptocurrency landscape, PayPal has announced the expansion of its PayPal USD (PYUSD) stablecoin across eight additional blockchains. This initiative includes a strategic integration with LayerZero’s Stargate Hydra bridge, which facilitates permissionless transactions for PYUSD. According to LayerZero’s statement released on Thursday, the new version of PayPal USD — referred to as PYUSD0 — will be fully fungible and compatible with the existing PYUSD. This update will allow for seamless interoperability across several blockchains, deepening the stablecoin’s accessibility and functionality in the crypto space. The newly supported blockchains include Tron, Avalanche, Aptos, Abstract, Ink, Sei,

September 19, 2025

viralnado

PayPal Expands Its USD Stablecoin Across Eight New Blockchains

In a significant move to enhance its crypto offerings, PayPal has announced the expansion of its PayPal USD (PYUSD) stablecoin to eight additional blockchain networks. This initiative sees PYUSD becoming accessible through a collaboration with LayerZero’s Stargate Hydra bridge, which will facilitate a new, permissionless version of the stablecoin, referred to as PYUSD0. The newly supported blockchains include Tron, Avalanche, Aptos, Abstract, Ink, Sei, and Stable. Additionally, existing permissionless iterations of PYUSD on Berachain (denoted as BBYUSD) and Flow (referred to as USDF) will be transitioned to the updated PYUSD0 version. This expansion also comes with the announcement of PYUSD’s

September 19, 2025

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EY-Parthenon Report Highlights Stablecoins’ Potential in Revolutionizing Global Transactions

Stablecoins are rapidly gaining traction in the financial ecosystem, with an increasing number of corporations and institutions recognizing their potential to transform global payment systems, according to a recent survey conducted by EY-Parthenon. The report indicates that 13% of financial firms and businesses around the world have already integrated stablecoins into their operations. Notably, over half of those yet to adopt these digital currencies anticipate implementation within the next six to twelve months. This signifies a significant shift in the landscape of international finance. Furthermore, EY-Parthenon projects that by 2030, stablecoins could facilitate between 5% to 10% of cross-border payments,

September 19, 2025

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Stablecoins Poised to Revolutionize Cross-Border Payments, Says EY-Parthenon Report

According to a recent survey conducted by EY-Parthenon, the adoption of stablecoins is gaining traction among corporations and financial institutions, particularly in the realm of cross-border transactions. Currently, approximately 13% of global financial entities and businesses utilize stablecoins, with over 50% of non-adopters planning to integrate them within the next 6 to 12 months. The report projects a significant shift in the landscape of international payments, estimating that by 2030, stablecoins could account for 5% to 10% of all cross-border transactions, translating to a staggering $2.1 trillion to $4.2 trillion. Stablecoins are increasingly recognized as a solution to enhance global

September 19, 2025

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Nubank Embarks on Stablecoin Journey to Revolutionize Credit Card Payments

Nubank, the leading digital banking platform in Latin America, is setting its sights on integrating dollar-pegged stablecoins with its credit card offering, aiming to enhance payment capabilities and connect digital assets with traditional banking. The announcement was made by Nubank’s vice-chairman, Roberto Campos Neto, who previously served as the governor of Brazil’s central bank. Speaking at the Meridian 2025 conference, Campos Neto emphasized the pivotal role of blockchain technology in creating synergies between digital currencies and conventional financial systems. According to reports from local media, Nubank is gearing up to initiate pilot tests that will enable customers to use stablecoins

September 19, 2025

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Nubank Aims to Incorporate Stablecoins into Credit Card Transactions

Nubank, the leading digital bank in Latin America, is gearing up to incorporate dollar-pegged stablecoins into its credit card payment system. This initiative was revealed by the bank’s vice-chairman, Roberto Campos Neto, who formerly held the position of Brazil’s central bank governor. During his presentation at the Meridian 2025 event, Neto emphasized the critical role of blockchain technology in bridging the gap between digital currencies and traditional banking operations. According to reports from local media, Nubank plans to commence trials of stablecoin payments linked to its credit cards, part of a larger strategy to integrate digital assets into its banking

September 18, 2025

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Aster Token Surges on Perpetual DEX Wave as CZ Backs New Platform

The decentralized exchange (DEX) landscape is buzzing with excitement as Aster Token experiences a meteoric rise, driven in part by the endorsement of Binance founder Changpeng Zhao, commonly known as CZ. Traders are eagerly seeking the next lucrative opportunity reminiscent of Hyperliquid, which captured significant attention following its unprecedented airdrop nearly ten months ago. Initially launched as ApolloX and operating under the token name APX in 2021, Aster has recently undergone a rebranding after merging with Astherus in December 2024. As part of this transition, current APX holders were granted the ability to convert their tokens to the newly minted

September 18, 2025

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Aster Token Surges Amid Rising Perpetual DEX Activity

The cryptocurrency market is buzzing with excitement as Aster, a newly launched decentralized exchange (DEX), experiences a meteoric rise in token value amid growing interest in perpetual trading platforms. This influx of capital comes in the wake of Binance co-founder Changpeng Zhao’s (CZ) endorsement, which has drawn significant attention and investment towards Aster’s token, ASTER. Aster’s origins trace back to ApolloX, a platform that initially launched in 2021 with the token APX. Following a strategic merger with Astherus in December 2024, the DEX rebranded to Aster. As part of the integration process, existing APX token holders were able to exchange

September 18, 2025

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Solmate CEO Declares Solana Surpasses Ethereum’s Initial Promises, $1,000 SOL Target Gains Traction

In recent developments surrounding the Solana blockchain, Marco Santori, the newly appointed CEO of Solmate, has praised Solana for achieving the goals that Ethereum set nearly a decade ago. His comments, shared on a thread on X, position Solmate as a significant player in the blockchain infrastructure space, particularly in the UAE. Santori, formerly the Chief Legal Officer at Kraken, emphasized Solmate’s alignment with the Solana Foundation and its backing by local investors, as well as endorsements from firms like Ark Invest. Describing Solmate as a “brand new Solana infrastructure” initiative, Santori outlined the company’s vision to act as a