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- $PYUSD Stablecoin Surpasses $500m Market Cap 🅿️ - Issue #149
$PYUSD Stablecoin Surpasses $500m Market Cap 🅿️ - Issue #149
Issue #149: Web 3 News Headlines Of The Week📆
PayPal's PYUSD stablecoin has exceeded a $500 million market cap, driven by its recent expansion to the Solana network.

In a significant milestone, PayPal's PYUSD stablecoin has surpassed a market cap of $500 million. Launched in August 2023 through a partnership with Paxos, the stablecoin's supply has more than doubled from 230 million tokens at the end of 2023 to over 533 million this month. This rapid growth places PYUSD among the top ten stablecoin issuers, with Tether USD still leading the market.

PayPal USD(PYUSD) - Defillama
The surge in PYUSD's supply is partly due to its expansion to the Solana network in May. Currently, Solana hosts about 134.5 million PYUSD tokens, accounting for 25.2% of the overall supply. Additionally, the stablecoin has gained traction on centralized exchanges like Crypto.com and within decentralized finance protocols such as Curve and Frax, further boosting its adoption and market presence.
PayPal USD has launched on @solana!
Solana, 2nd blockchain to support PYUSD after Ethereum, boasts rapid transactions & low costs, ideal for commerce. Seamlessly connect PayPal accounts for fiat-to-crypto ease.
Learn more: bit.ly/3KitJAZ
— PayPal (@PayPal)
4:23 PM • May 29, 2024
Botanix Labs Ecosystem Of DeFi Applications💰
Botanix Labs is developing an EVM-compatible Layer 2 on Bitcoin, enabling Ethereum smart contracts on the Bitcoin network to bolster its DeFi capabilities.

Bitcoin is stepping into the DeFi space with innovative developments from Botanix Labs, founded by Willem Schroé. The lab is creating an EVM-compatible Layer 2 on Bitcoin, enabling users to deploy Ethereum smart contracts on the Bitcoin network. This initiative aims to position Bitcoin as a significant platform for decentralized finance applications.
DeFi and stablecoins are coming to the Bitcoin ecosystem
@BotanixLabs founder @WillemSchroe joins @fintechfrank on The Scoop to share how a full ecosystem of DeFi applications could soon be coming to Bitcoin.
OUTLINE:
00:00 Introduction
02:45 Bitcoin L2 Landscape
08:48… x.com/i/web/status/1…— The Block Podcasts (@TheBlockPods)
1:30 PM • Jul 11, 2024
Schroé discusses the potential of Bitcoin-native ecosystems to support DeFi applications, envisioning a future where Bitcoin can host complex financial activities traditionally reserved for Ethereum. As Bitcoin continues to evolve, these developments could broaden its use case and attract more users to its network.
GOP Embraces Crypto🇺🇸
The U.S. Republican Party's 2024 platform supports the crypto industry, pledging to defend Bitcoin mining and oppose Central Bank Digital Currencies.

The U.S. Republican Party has officially supported the cryptocurrency industry in its 2024 election platform. Released on Monday, the platform promises to end what it describes as an "unlawful and un-American crackdown" on the U.S. crypto sector. It also pledges to defend the rights to mine Bitcoin and self-custody digital assets, opposing the creation of Central Bank Digital Currencies (CBDCs).
🚨 BIG NEWS 🚨 The Republican Party has officially included Bitcoin and crypto in their 2024 platform! 🎉
This move, marks a major shift for the GOP towards embracing digital assets.
They’re committing to defend Bitcoin mining rights, self-custody, and opposing central bank… x.com/i/web/status/1…
— Texas Blockchain Council (@TXblockchain_)
2:24 PM • Jul 10, 2024
This move follows several pro-crypto gestures by the Trump campaign, including promises to pardon Silk Road creator Ross Ulbricht and meetings with Bitcoin miners. The GOP's stance aims to attract crypto-focused voters amid a contentious election season, signalling a potential shift in the regulatory landscape for digital assets.
Stop Missing Crypto News Anon 🚨👋
We know the market is starting to look even more interesting than ever, however…DON’T IGNORE THE NEWS📰
Get your FREE fix of frequent accurate, user-focused & rapid news from RR 👇
Coinbase Unveils All-in-One Crypto Management Platform🔵
Coinbase has launched a new web app to simplify crypto asset management by integrating multiple wallets and on-chain activities into a single platform.

Coinbase has introduced a new web app designed to serve as a comprehensive platform for managing crypto assets. Announced Thursday, the app allows users to connect multiple wallets and manage their entire crypto portfolio, including tokens, NFTs, and DeFi positions, from a single interface.
Meet the new Coinbase Wallet web app.
All of your crypto. All of your wallets. All in one place.
Your new home for everything onchain.
→ wallet.coinbase.com/ocsx.com/i/web/status/1…
— Coinbase Wallet 🛡️ (@CoinbaseWallet)
4:10 PM • Jul 11, 2024
The app's launch follows feedback from users seeking an easy-to-use hub for their on-chain activities. Senior Director of Product Management, Sid Coelho-Prabhu, emphasized the goal of bringing Coinbase's 100 million users on-chain.
The new platform aims to simplify the user experience, providing a centralized destination for buying, trading, and engaging with the broader crypto community.
RR Files🗂️
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Worry no further!
"Top Bitcoin Holders": 🔍
From mysterious Satoshi to influential institutions and powerful governments – the top Bitcoin holders shaping the future of finance!
Let's deep dive 🧵
#Bitcoin#Crypto#BTC#Blockchain#CryptoNews#BitcoinHolders#SatoshiNakamoto#MicroStrategy… x.com/i/web/status/1…
— Srigopal Bhattad (@srigopal_hyd)
6:04 AM • Jul 12, 2024
#Altcoins
The final crypto cyclical bull run will be massive for Alts as the Bitcoin Dominance cycle top has finally been confirmed.
Get prepared cos it's going to be interesting.
— Mikybull 🐂Crypto (@MikybullCrypto)
8:07 AM • Jul 12, 2024
BREAKING: The German Government is now out of Bitcoin.
The German Government just sent 3846.05 BTC ($223.81M) to Flow Traders and 139Po (likely institutional deposit/OTC service).
The German Government has 0 BTC ($0.00M) remaining. x.com/i/web/status/1…
— Arkham (@ArkhamIntel)
6:35 PM • Jul 12, 2024
Coinbase analysts say crypto price action is likely to remain choppy in Q3 amid lack of strong market narratives
crypto.news/crypto-markets…
— crypto.news (@itscrypto_news)
6:27 PM • Jul 12, 2024
🚨 Just In: June US CPI annual inflation rises 3.0%, below expectations for 3.1%.
Core CPI inflation increased 3.3% Y/Y, compared to forecasts for a gain of 3.4%.
Looks like a September rate cut is coming. x.com/i/web/status/1…
— Jesse Cohen (@JesseCohenInv)
12:31 PM • Jul 11, 2024
BREAKING
Mt Gox moves 47,228 BTC ($2.71 billion dollars) from cold storage to a new wallet.
— Arkham (@ArkhamIntel)
12:38 AM • Jul 5, 2024
SEC Drops Investigation Into Stacks Blockchain & Hiro
Earlier this week, we received word from the SEC that after 3 years, they are terminating their investigation into Hiro and the @Stacks blockchain with no enforcement action 🧵. x.com/i/web/status/1…
— Hiro (@hirosystems)
6:36 PM • Jul 12, 2024
Federal Reserve’s strategy for fighting inflation is working
The President of St. Louis’ Federal Reserve Bank, Alberto Musalem, shared some optimism on Thursday regarding a new report that shows a decrease in consumer inflation pressures.
#TradeCoinD2 #TradeCoin
— CryptoNewsD2 (@CryptoNewsD2)
11:19 AM • Jul 12, 2024
AI makes everything fake
Crypto makes it real againAI generates
Crypto authenticatesAI is probabilistic
Crypto is deterministicAI busts captchas
Crypto rebuilds themAI is digital abundance
Crypto is digital scarcityWant more fun one-liners?
Come to SuperAI tomorrow. 🙂— Balaji (@balajis)
2:02 AM • Jun 4, 2024
Weeks upon weeks of sideways consolidation, a weekly hidden bullish divergence forming -- and spot ETFs about to launch.
The stars are aligning - it's $ETH's time to shine soon.
You ready?
— Jelle (@CryptoJelleNL)
10:48 AM • Jul 10, 2024
Thanks for reading!❤️
Don't forget to check out last week's issue for more insightful content👇
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