Paypal has 426 million active users with a transaction volume of up to $1.2 trillion a year. Crypto adoption on Paypal using stable coins can trigger money flow or a large flow of money coming into crypto later. #ContentStar
70% of buying and selling trade transactions in the world's largest online store, namely eBay, use Paypal. Facts eBay has a trading volume of $74 billion and 134 million users. 70% of $74 billion is $51.8 billion . This means there is a potential transaction of 50 billion US dollars on Ebay that can use Paypal's stable coin later. #ContentStar
The number of USDT and USDC stable coins that enter the exchange is slowly starting to increase.
Historically, you can check the graphs on the Santiment data. When the number of stable coins entering the exchange increased (for example, in December 2022, January and February 2023), the bitcoin price was followed by an increase. So the increase in stable coins entering the exchange is a bullish signal, even though the data now shows stable coins coming in are still slowly not overflowing like early 2023. Stable coins enter the exchange = liquidity in the crypto market increases. #ContentSta
Digital asset investment products saw outflows this week, totalling US$107m with profit taking gathering pace in recent weeks. Bitcoin was again the primary focus, seeing outflows totalling US$111m, the largest weekly outflows since March. #ContentStar
Hong Kong Securities Commission warns that derivatives and Earning services on cryptocurrency exchanges are not allowed. Companies operating during the transition period may not be granted licenses if they violate the regulations. Trading platforms that have not applied for a license should stop operating in Hong Kong, otherwise it is a criminal offense. #ContentStar
PayPal said it will launch a U.S. dollar stablecoin, PayPal USD (PYUSD), issued by Paxos Trust Co. Backed by U.S. dollar deposits, short-term Treasury bills, and cash equivalents. PYUSD will gradually become available to PayPal's U.S.-based customers. #ContentStar
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There are currently 15,870 #Bitcoin addresses that hold at least 100 $BTC. Collectively, these whales own 11.5M $BTC, making up over half of the total existing supply (59.2%). Over the past 12 weeks, their collective share has risen by 27,755 $BTC. #ContentStar
MicroStrategy hopes to raise up to $750 million by selling further shares of its stock, which it will use to buy more #Bitcoin and for other business-related expenses. #ContentStar