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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 […]

Bitcoin Hits 122K

Bitcoin Surpasses $120K in Historic Milestone Amid ETF Inflows

Bitcoin All time High Record $122K as ETF Inflows and Crypto Week Fuel Rally: Bitcoin Hits 122K for the first time, soaring past $120,000 and peaking at $122,571 before stabilizing around $121,952 – a 2.4% daily rise. This landmark milestone followed surging $1.18 billion inflows into Bitcoin ETFs and growing enthusiasm around Washington’s “Crypto Week,” during […]

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 […]

digital asset

Bitcoin Breaks $111,000 Barrier, Setting New All-Time High Amid Institutional Surge

Bitcoin Hits $111,886 Amid Institutional Investment Surge: Digital asset Bitcoin achieved abitcoin hits high of $111,886 on May 22, 2025, exceeding the $111,000 barrier. This significant achievement demonstrates the cryptocurrency’s outstanding development and durability, as it reflects a 47% increase from its April low of $74,500. The increase of capital into current Bitcoin ETFs, which […]

Standard Chartered Analyst Apologizes for 120K Bitcoin Price Call, Revises Target to 200K as BTC Shatters Forecast

Geoff Kendrick, an analyst at Standard Chartered, issued a public mea culpa this week as Bitcoin (BTC) blasted through his 2024 year-end prediction of 120,000, rocketing to an unprecedented peak of 185,000. In a candid research report titled “We Underestimated Bitcoin’s Ascent,” Kendrick conceded his earlier miscalculation, elevating his 2025 outlook to $200,000. He pointed to […]

Bitcoin Soars to $84.7K as Trump Tariff Threats Meet Fed Hawkishness – The Perfect Storm

Bitcoin surged 12% this week to $84,700, reaching its highest level since March 2025, as traders flocked to crypto amid competing macroeconomic forces: Catalysts Fueling the Rally: • Trump’s proposed 32% tariffs on Chinese imports driving demand for inflation hedges • Fed Chair Powell’s warning of “prolonged restrictive policy” crushing bond markets • Dollar weakness (DXY down 1.8%) as trade war […]

Bitcoin Falls as Volatility Continues After Trump’s Bitcoin Reserve Plan

Bitcoin experienced significant volatility on Monday, dropping by 5% to $85,000, following former President Donald Trump’s announcement of a proposed Bitcoin reserve plan. The plan, which aims to create a U.S. strategic Bitcoin reserve, has sparked mixed reactions from investors and analysts. “The market is reacting to the uncertainty surrounding Trump’s proposal,” said a cryptocurrency […]

Bitcoin Plummets 10% Amid Bearish Market Sentiment

Bitcoin, the world’s leading cryptocurrency, experienced a sharp decline of 10% in its value over the past 24 hours, as bearish sentiment continues to dominate the crypto market. The drop comes amid growing concerns over macroeconomic factors, including rising interest rates and regulatory scrutiny. Analysts attribute the sell-off to a combination of profit-taking by investors […]

Bitcoin Price Plummets Amid Market Volatility, Reversing Post-Trump Election Gains

Bitcoin’s price has experienced a sharp decline, trading at approximately $80,500 in early Asian trading, marking a 3.45% drop on the day and a nearly 25% decrease from its all-time high in mid-December. This downturn reverses the gains Bitcoin had made following the election victory of U.S. President Donald Trump, reflecting broader market volatility and […]

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