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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.
- 01:57Anthropic cuts off OpenAI’s API access to ClaudeAccording to a report by Jinse Finance, The Information stated that Anthropic cut off OpenAI’s access to Claude via its application programming interface (API) on Friday. An Anthropic spokesperson explained that this move was due to OpenAI “using our coding tools ahead of the GPT-5 release,” which violated Anthropic’s terms of service. These terms prohibit the use of Anthropic’s AI technology to develop competing AI models.
- 01:51Securitize: BlackRock's BUIDL Fund Has Paid Over $62.5 Million in Dividends and Supports Seven BlockchainsAccording to Jinse Finance, tokenized asset issuer Securitize announced on X that the BlackRock BUIDL fund has paid out over $62.5 million in dividends to date, with $9.3 million distributed in July alone. The fund is now available on seven blockchains: Aptos, Arbitrum, Avax, Ethereum, Optimism, Polygon, and Solana. On the Aptos chain, the average daily dividend payout has reached $157,170.
- 01:47Market Update: Major State-Owned Energy Enterprise and CITIC Group Meet with Hong Kong Monetary Authority Regulators to Explore Possibility of Applying for a Stablecoin LicenseAccording to ChainCatcher, citing Tencent News "Qianwang" as reported by Sina Finance, more than 50 corporate institutions have flocked to the Hong Kong Monetary Authority to apply for licenses. Major players in cross-border trade, such as a central energy enterprise and CITIC Group, are among them. These companies have met with the Hong Kong Monetary Authority's regulatory team to discuss the possibility of applying for a stablecoin license. Some institutions seeking licenses ultimately aim to issue stablecoins pegged to offshore RMB. As of now, Tencent News "Qianwang" has not yet received a comment from CITIC Group.