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PayPal is preparing to expand the utility of its U.S. dollar-pegged stablecoin, PayPal USD (PYUSD), by launching it on the Stellar blockchain network pending regulatory approval from the New York State Department of Financial Services (NYDFS).
Nigerian traders are shifting focus as the broader crypto market navigates recent headwinds. While Bitcoin, Ethereum, and stablecoins remain the primary pillars of local trading activity, there is a growing appetite for a few altcoins. To better understand this trend, BeInCrypto spoke with Ayotunde Alabi, Country Manager at Luno Nigeria, a regional branch of the …
SharpLink Gaming’s $463 million investment in Ethereum has positioned it as a major player in the crypto world, but the company's stock price fell sharply after the announcement, raising questions about the timing of the bet.
- 10:43On-chain investigator ZachXBT: Some projects run Yaps campaigns that attract low-quality users and AI-generated content, which only dilutes brand valueAccording to a report by Jinse Finance, on-chain investigator ZachXBT stated on his personal channel that some projects are currently running Yaps campaigns to attract low-quality users and AI-generated content, which in turn dilutes brand value and fails to bring long-term capital or genuine user growth. He called on the community to proactively block such projects and question fake data metrics in order to curb the proliferation of low-quality content within the ecosystem.
- 10:38Solana Developers Consider Raising Block Limit by 66% to 100 Million Compute Units to Further Boost Network CapacityOdaily Planet Daily reports that Solana developers are considering raising the block limit from 60 million compute units to 100 million compute units through the SIMD-0286 proposal, which would achieve a 66% increase in capacity, provided validators opt in to the upgrade. The proposal aims to further enhance Solana’s network capacity, allowing it to process more transactions per second. Compute units are the fundamental measure of transaction complexity and resource consumption on the Solana network; increasing the block compute unit limit will directly boost the network’s transaction processing capability. (The Block)
- 10:28SlowMist CISO: Core Administrator of XSS.is, the World’s Largest Dark Web Crime Platform, ArrestedOdaily Planet Daily News: SlowMist’s Chief Information Security Officer (CISO) 23pds posted on the X platform that the core administrator of XSS.is, the world’s largest darknet crime platform, has been arrested. This platform has been active for a long time and is one of the main marketplaces for Stealer tools (information stealers) in the cryptocurrency industry.