PayPal Exec on Why His Firm Is Excited to Bring Its Stablecoin to Stellar

On June 11, PayPal announced plans to launch its U.S. dollar-backed stablecoin, PayPal USD (PYUSD), on the Stellar blockchain network, pending regulatory approval from the New York State Department of Financial Services. If approved, the move would mark the expansion of PYUSD beyond its current availability on Ethereum and Solana. PayPal described Stellar as a…

Ziglu Faces $2.7M Shortfall as Crypto Fintech Enters Special Administration

Thousands of savers face the grim prospect of losing their investments after administrators uncovered a 2 million pounds ($2.7 million) shortfall at Ziglu, a British cryptocurrency fintech that collapsed earlier this year. The company, which suspended withdrawals in May, was placed into special administration last week amid mounting concerns over its financial management, according to…

Ziglu Faces $2.7M Shortfall as Crypto Fintech Enters Special Administration

Thousands of savers face the grim prospect of losing their investments after administrators uncovered a 2 million pounds ($2.7 million) shortfall at Ziglu, a British cryptocurrency fintech that collapsed earlier this year. The company, which suspended withdrawals in May, was placed into special administration last week amid mounting concerns over its financial management, according to…

Bitcoin Tries and Fails to Puncture $110,000 Liquidity

Key points: Bitcoin tries and fails to crack $110,000 as overhead liquidity thickens. Traders say that more signs of strength are needed to reignite bull market momentum. Macro cues include next week’s CPI print as a potential volatility date. Bitcoin (BTC) attempted a run on $110,000 around the Wednesday Wall Street open as sellers lined…

Czech National Bank Increases Palantir Stake, Adds Coinbase Shares

The Czech National Bank adjusted its US investment portfolio in the second quarter by increasing its stake in Palantir Technologies and initiating a new position in cryptocurrency exchange Coinbase Global. These moves were disclosed in a Form 13F filing, which is a quarterly report filed by investment managers to the Securities and Exchange Commission that…

At Least 36 Public Firms to Add Bitcoin by Year-End: Blockware

Blockware Intelligence predicts that by the end of 2025, at least 36 more public companies will have added Bitcoin to their balance sheets. “This is just the beginning. In the next 6 months, we expect at least three dozen more public companies to add Bitcoin to their treasury,” Blockware said in its Q3 2025 market…

Crypto Risk-Seeker James Wynn Deletes X Account

Update (July 12, 2025 23:17 UTC This article has been updated to add more information on the last known state of James Wynn’s X profile. James Wynn, a crypto trader known for his high-leverage crypto bets, appears to have deactivated his X social media account, following nine-digit losses. Wynn’s X handle “JamesWynnReal” now routes to…

Binance’s CZ Denies Bloomberg Report on Trump-Backed USD1 Stablecoin

Binance co-founder and former CEO Changpeng “CZ” Zhao has rejected a recent Bloomberg report linking him to a stablecoin issued by World Liberty Financial (WLF), one of the crypto businesses tied to US President Donald Trump. In a post on X responding to the investigation, Zhao called the article a “hit piece (sponsored by a…

XRP Rally Possible If Senate Web3 Crypto Summit Goes Well

Key point: Lawmakers with the US Senate Banking Committee will conduct a hearing on Wednesday titled “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets,” and Ripple CEO Brad Garlinghouse is one of the participants. Could Ripple’s growing involvement in policy discussions in Washington, D.C., boost the price of XRP (XRP)? Let’s analyze the…

Indian Crypto Exchange CoinDCX Denies Moving User Funds After WazirX Allegations

“Please don’t fall for misinformation,” Indian crypto exchange CoinDCX’s Co-founder and CEO, Sumit Gupta, said Saturday amid allegations that the exchange moved user funds to non-compliant entities in Lithuania. The allegation was reportedly made by another Indian exchange, WazirX, which has been under scrutiny since last year’s $230 million hack. In an affidavit filed as…