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PayPal to Pay 3.7% Annual Yield on Stablecoin PYUSD to Encourage Broader Use

PayPal is upping the ante in the stablecoin wars as it’s set to begin offering U.S. users 3.7% annual returns on balances of its PayPal USD (PYUSD) stablecoin. The yield, accrued daily and paid monthly in PYUSD, is designed to spur adoption by making …

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Bitcoin Futures Open Interest Surge Shows Investor Confidence on Trade Deals, Powell

As bitcoin (BTC) and ether’s (ETH) recovery rally gathered momentum Tuesday, the perpetual futures market saw an even more pronounced increase in open interest, pointing to growing investor confidence as the Trump administration dialed back on its …

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Bitcoin Becomes Fifth Largest Global Asset, Surpasses Google’s Market Cap

Bitcoin (BTC) has become the fifth-largest asset by market capitalization, reaching $1.86 trillion and surpassing Google (GOOG) as it breaks through $94,000. This marks the highest position bitcoin has ever attained in the rankings, even though its …

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XRP Ledger Bug Patched After ‘Serious’ Flaw Spotted in XRPL Library

A threat actor seemingly exploited an XRP Ledger’s developer access token to publish illicit code to the burgeoning network in a move that could have been “catastrophic” for the network, the security team that spotted the issue said in an update …

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Cardano’s ADA, Ether Lead Market Gains as Bitcoin ‘Decoupling’ Continues

Cardano’s ADA and ether (ETH) zoomed more than 14% in the past 24 hours, leading gains among major cryptocurrencies, as bitcoin (BTC) crossed $93,500 late Tuesday on renewed hopes of a tempered approach to the tariff wars. BTC jumped 6.5%, with …

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SEC Walks Away From Case Against HEX Founder Richard Heart, Attorney Says

In a rare yasal defeat for the U.S. Securities and Exchange Commission, the agency has formally dropped its fraud case against Richard Schueler, better known as Richard Heart, founder of the crypto projects HEX, PulseChain, and PulseX. On April 21 …

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Bitcoin, Ether, Dogecoin Surge Spurs $500M in Short Liquidations

Futures bets against higher crypto prices lost over $500 million in the past 24 hours as a surge higher, buoyed by a possible cooldown of China tariffs by the U.S., led to the largest short liquidations since October. Bitcoin (BTC) rose from Tuesday …

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U.S. Commerce Secretary Lutnick’s Son Teams Up with Tether, SoftBank for $3B Bitcoin SPAC: FT

Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick and chair of Cantor Fitzgerald, is launching a listed bitcoin investment vehicle backed by SoftBank, Tether, and Bitfinex, the Financial Times first reported. The SPAC, dubbed Cantor …

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Tesla Reports $951M in Crypto Holdings as it Misses Earnings

Tesla (TSLA) still holds almost $1 billion in bitcoin, according to the automaker’s latest earnings report. The electric vehicle firm reported digital asset holdings worth $951 million as of March 31, down from $1.076 billion on Dec. 30. Tesla …

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Bitcoin Tops $91K as Trade Optimism Fuels Crypto Rally But Demand Headwinds Remain

Bitcoin (BTC) surged past $91,000 on Tuesday, climbing nearly 5% amid renewed investor optimism and fresh hopes of a thaw in U.S.-China trade tensions, but headwinds persist that could cap further upside, analytics firm CryptoQuant cautioned. The …

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