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PayPal’s Crypto Partner Paxos Accidentally Mints $300 Trillion in Stablecoins Amid Technical Glitch

In a bizarre turn of events on Wednesday, Paxos, the blockchain infrastructure firm that issues PayPal’s U.S. dollar-backed stablecoin (PYUSD), mistakenly minted $300 trillion worth of PYUSD tokens, triggering confusion across the crypto community before quickly resolving the issue. According to blockchain data from Etherscan, the massive minting event appeared as a sudden surge in […]

SEC Eases Rules, Sets Stage for Surge in Cryptocurrency ETFs

The U.S. Securities and Exchange Commission (SEC) has introduced a major regulatory shift designed to accelerate the approval of cryptocurrency exchange-traded funds (ETFs), setting the stage for a flood of new filings from asset managers. Under the updated rules, the SEC reduces the approval period from as long as 270 days to 75 days for […]

cryptocurrency

Bitcoin Hits Record $118K, Sparking Crypto Stock Surge Amid Regulatory Hope

Bitcoin Hits $118K Peak on July 11, 2025, Boosting Crypto Market Confidence: On July 11, 2025, Bitcoin surged to an all-time high of $118,071, sending shockwaves through the cryptocurrency market. This rally, driven by robust institutional inflows and anticipation around a landmark “Crypto Week” in Washington, fueled gains in U.S.-listed crypto stocks and boosted broader […]

bitcoin mining

Pakistan Unveils First Government-Backed Bitcoin Reserve, Allocates 2,000 MW for Crypto and AI Infrastructure

Pakistan Launches First Government-Backed Strategic Bitcoin Reserve: In a corner move signaling a significant shift in its profitable strategy, Pakistan has blazoned the establishment of its first government- backed Strategic Bitcoin Reserve. This action is rounded by the allocation of 2,000 megawatts (MW) of fat electricity to power Bitcoin mining and artificial intelligence (AI) data […]

Cryptocurrencies Propel Nasdaq 100 Gains, Outshining Big Tech’s Growth

In an unprecedented shift, Bitcoin and other cryptocurrencies are emerging as the dominant drivers behind Nasdaq 100’s upward momentum, potentially eclipsing the influence of traditional tech giants. Analysts anticipate that as digital assets become more integrated into mainstream finance, they could redefine the future performance of the index. Historically powered by tech titans like Apple, […]