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⚪️ PayPal's stablecoin surpasses $500 million market cap following Solana expansion PayPal’s U.S. dollar-pegged stablecoin, launched in August 2023 through a partnership with custodian firm Paxos — has seen its market supply exceed half a billion tokens. Following its rollout, PYUSD’s supply reached 230 million by the end of 2023. Since then, the total supply of stablecoins has more than doubled, surpassing the 500 million mark (or $500 million) this month, according to DeFiLlama data. Source 🍰 @AltcoinNews 💰 @BitcoinNews 🔵 @EthereumNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

💰 German Government Liquidates $741M in Bitcoin Holdings Ten hours ago, the German government’s bitcoin wallets transferred 1,205 BTC to various parties. At 7:40 a.m. EDT, the wallets held approximately 38,621 BTC, but by 4:30 p.m., the government’s bitcoin holdings had dropped to 26,686 BTC after divesting an additional 11,935 BTC. Currently, the government’s bitcoin wallet is valued at approximately $1.5 billion in U.S. dollars. Source 🍰 @AltcoinNews 💰 @BitcoinNews 🔵 @EthereumNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

💰 Bitstamp will aim to distribute Mt. Gox bitcoin 'as soon as possible' once it arrives Crypto exchange Bitstamp will aim to distribute its portion of the bitcoin repayments to Mt. Gox creditors swiftly, even though it has up to 60 days to do so once it receives the coins. "According to the agreement with the Mt. Gox trustees, Bitstamp has 60 days to distribute the tokens, though we are of course working to make sure those investors are made whole as soon as possible," the exchange said in a statement. Source 🍰 @AltcoinNews 💰 @BitcoinNews 🔵 @EthereumNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

💰 Germany's Bitcoin Wallet Dips Below 40,000 BTC After Weekend Transfer This weekend, the German government’s wallet transferred another 1,400 BTC, valued at $80.12 million, according to the latest Arkham Intelligence data. This action followed recent deposits of approximately 1,915 BTC. On that day, the wallet held 41,226 BTC, but it now holds 39,826 BTC, worth $2.28 billion using BTC exchange rates on July 7. The wallet’s transactions have unsettled the crypto community, casting a shadow over the market in recent weeks. Source 🍰 @AltcoinNews 💰 @BitcoinNews 🔵 @EthereumNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

🪙 Tron develops gas-free stablecoin for Ethereum and Tron chains Tron founder Justin Sun has revealed that his team is building a gasless stablecoin solution to make peer-to-peer transfers free for all. Sun hopes to integrate the stablecoin solution on the Tron blockchain in the fourth quarter, followed by Ethereum and other Ethereum Virtual Machine-compatible public chains soon after. “Transfers can be made without paying any gas tokens, with the fees being entirely covered by the stablecoins themselves,” Sun explained in a July 6 X post. Source 🍰 @AltcoinNews 💰 @BitcoinNews 🔵 @EthereumNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

🪙 Ethereum traders turn bearish as ETH price dips under $3K Ether price plummeted below $3,000 for the first time in 50 days on July 5. This drop was part of a broader cryptocurrency market correction, largely influenced by Bitcoin. Traders now fear that the crypto bull run has ended, and despite the upcoming launch of a spot Ethereum exchange-traded fund (ETF) in the United States, some worry that Ether price could continue to fall. Source 🍰 @AltcoinNews 💰 @BitcoinNews 🔵 @EthereumNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

🇩🇪 German MP slams government’s bitcoin sell-offs, urges holding as a strategic reserve Member of the German Bundestag, Joana Cotar, has heavily critcized the government’s decision to “hastily” sell the bitcoin in its possession, urging it to develop a comprehensive bitcoin strategy. “Instead of holding bitcoin as a strategic reserve currency, as is already being debated in the USA, our government is selling on a large scale,” the independent MP and bitcoin advocate wrote on Thursday, according to a translated X post. Source 🍰 @AltcoinNews 💰 @BitcoinNews 🔵 @EthereumNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

🔵 Arbitrum cashed in on LayerZero airdrop but the boost was short-lived The LayerZero airdrop briefly boosted the number of messages sent on the cross-chain communication network as users claimed their ZRO. The airdrop has been frequently discussed because of the sybil prevention that went into determining allocations, as well as the $0.10 donation to the Protocol Guild necessary to claim each token. Source 🍰 @AltcoinNews 💰 @BitcoinNews 🔵 @EthereumNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

📣 EigenLayer competitor Symbiotic crosses $1 billion in deposits in under a month The total value locked in the restaking protocol Symbiotic has surpassed $1 billion. The project noted that it hit its deposit limit of 210,600 wrapped stETH worth about $800 million, in just four hours yesterday. This increase pushed user deposits to over $1.04 billion in less than a month, according to DeFiLlama data. Source 🍰 @AltcoinNews 💰 @BitcoinNews 🔵 @EthereumNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

💰 Bitcoin Bottom Is Near as Miners Capitulating Near FTX Implosion Level: CryptoQuant Bitcoin (BTC) miners are showing signs of capitulation, an event that is typically tied to a market bottom after the world's largest cryptocurrency endured a 13% plight over the past 30 days. Bitcoin is currently trading at $60,300 after sliding by 3% on Wednesday. This level has acted as a critical support since April, with bitcoin bouncing three times from this region before heading back towards the $70,000 mark. Source 🍰 @AltcoinNews 💰 @BitcoinNews 🔵 @EthereumNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews