Day: August 20, 2025

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The partnership between PayPal Holdings (NASDAQ:PYPL) and Mesh is redefining the landscape of digital transactions. With the launch of a powerful PayPal Mesh stablecoin payments tool, merchants will soon be able to seamlessly convert dozens of cryptocurrencies and stablecoins into fiat at checkout. The initiative signals a major step in making crypto a practical medium of exchange rather than just a speculative investment.

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PayPal and Mesh Bridge the Crypto Gap

Mesh, a San Francisco–based startup with about 100 employees, is focused on building a payments network that connects wallets, exchanges, and financial platforms. Its new collaboration with PayPal (NASDAQ:PYPL) highlights a shared vision: bridging the gap between consumers holding volatile assets like Bitcoin (CRYPTO:BTC) and merchants who want the stability of fiat or stablecoins.

The PayPal Mesh stablecoin payments tool allows shoppers to pay with over 80 cryptocurrencies, including Ethereum (CRYPTO:ETH), Dogecoin (CRYPTO:DOGE), and Shiba Inu (CRYPTO:SHIB). Merchants, meanwhile, will see the funds automatically converted into their chosen stablecoin or fiat currency.

PayPal confirmed that by late 2025, merchants will also be able to settle directly in its own stablecoin, PYUSD, launched in 2023.

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Stablecoins as the Future of Payments

For Mesh CEO Bam Azizi, the rise of stablecoins represents the true fulfillment of crypto’s original promise. Unlike Bitcoin or Ethereum, which fluctuate wildly, stablecoins such as USDC (issued by Circle Internet Group) and USDT (issued by Tether) are pegged to fiat currencies like the U.S. dollar.

Azizi believes the “killer app” for stablecoins is payment. Whether cross-border transfers, B2B settlements, or payroll, stablecoins offer speed, cost savings, and predictability. The PayPal Mesh stablecoin payments solution takes that a step further by automating conversions between different stablecoins to minimize friction.

As Azizi explained, “If a customer holds USDT and the merchant wants USDC, our system handles that seamlessly. We abstract all the complexity for both sides.”

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Competition Heats Up in Stablecoin Conversions

The race to dominate stablecoin payments is intensifying. Mesh faces competition from Stripe-owned Bridge, Binance (CRYPTO:BNB), Coinbase (NASDAQ:COIN), and Bastion. Each company is vying to provide the smoothest on- and off-ramps between crypto and fiat.

Mesh recently raised $130 million in funding, with participation from PayPal Ventures, Coinbase Ventures, and Kingsway Capital, underscoring investor confidence in its model. By teaming up with PayPal, Mesh gains instant access to millions of merchants, giving it a head start over rivals.

For merchants, the benefit is clear: international credit card transactions typically incur high conversion fees, while PayPal Mesh stablecoin payments promise significantly lower costs.

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Regulatory Momentum Boosts Stablecoins

Stablecoins are also gaining political momentum in the U.S. Following Donald Trump’s return to office last year, Congress has become more receptive to crypto-friendly legislation. The recent Genius Act has spurred corporate interest, with companies such as Amazon (NASDAQ:AMZN), Bank of America (NYSE:BAC), Expedia Group (NASDAQ:EXPE), and Walmart (NYSE:WMT) exploring stablecoin initiatives.

This regulatory shift provides fertile ground for PayPal and Mesh to scale their payments platform. Stablecoins, once viewed with skepticism, are increasingly seen as essential infrastructure for the digital economy.

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Looking Ahead: Stablecoins vs. Volatile Crypto

While Bitcoin, Ethereum, and other volatile assets will likely remain popular as investments, Azizi argues their role in everyday payments will be limited. The future, he says, belongs to stablecoins.

“Stablecoin is going to be what crypto wanted to be, what Bitcoin wanted to be: peer-to-peer money without a centralized authority,” Azizi explained. “It has all the upside of blockchain without the downside of volatility.”

By aligning with PayPal, Mesh is betting that stablecoin payments will become the norm for digital commerce—ushering in a new era where millions of global crypto owners can transact as easily as they invest.

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The Pump.fun Solana memecoins story is once again dominating headlines as the platform reclaims leadership in the booming memecoin launchpad sector. After briefly losing ground to rival LetsBonk in July, Pump.fun stormed back in mid-August, generating a record $13.48 million in one week and securing a commanding 73% market share.

This resurgence underscores not only Pump.fun’s resilience but also the renewed enthusiasm for memecoins within the broader cryptocurrency ecosystem.

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Pump.fun’s Return to Dominance on Solana

In July, LetsBonk emerged as a credible challenger, attracting traders looking for fresh opportunities. However, that momentum proved fleeting. According to data from Jupiter, Pump.fun rebounded strongly in mid-August, recording $4.68 billion in trading volume, 1.37 million active traders, and 162,000 newly created tokens.

By comparison, LetsBonk lagged far behind with $974 million in volume and just 6,000 tokens created. This gap highlights the network effects at play. The more projects and traders Pump.fun attracts, the harder it becomes for competitors to dislodge it. On Solana, where speed and low transaction costs are crucial, Pump.fun appears to have cemented a winning formula.

The platform’s rebound illustrates the cyclical nature of crypto markets—where hype, innovation, and liquidity can rapidly shift dominance back and forth.

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Why Pump.fun Solana Memecoins Are Thriving

The explosive growth of Pump.fun Solana memecoins rests on three key factors:

1. Low Barriers to Entry: Pump.fun makes launching memecoins fast, cheap, and accessible to anyone, fueling a constant stream of new projects.

2. Community Momentum: With over a million traders flocking to the platform, liquidity and hype create a powerful feedback loop.

3. Solana’s Advantages: The blockchain’s low fees and high-speed performance give Pump.fun a technical edge over Ethereum-based competitors.

For traders, Pump.fun has become the go-to destination for speculative plays, allowing them to ride early-stage tokens in hopes of outsized returns.

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Legal Clouds on the Horizon

Despite its staggering numbers, the future of Pump.fun is far from certain. The platform faces a $5.5 billion class action lawsuit, with plaintiffs accusing it of deploying aggressive “guerrilla marketing” and likening its mechanics to a “rigged slot machine.” Critics argue that Pump.fun functions as an unlicensed crypto casino where early entrants profit disproportionately.

These legal challenges highlight a broader issue within the cryptocurrency sector: groundbreaking platforms often emerge in regulatory gray zones. While innovation can generate massive value quickly, it also draws the scrutiny of lawmakers and regulators concerned about investor protection.

Yet, the lawsuit has not slowed Pump.fun’s momentum. The platform’s lifetime revenue has already surpassed $800 million, proof that appetite for high-risk, high-reward crypto speculation remains robust.

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The Bigger Picture: Crypto’s Innovation Paradox

Even amid legal uncertainty, the Pump.fun Solana memecoins phenomenon has caught the attention of industry leaders. Anatoly Yakovenko, co-founder of Solana Labs, recently praised Pump.fun’s potential and even suggested it could evolve into a broader streaming or engagement platform.

This juxtaposition—soaring innovation paired with looming regulatory battles—perfectly encapsulates the paradox of the crypto sector. On one hand, platforms like Pump.fun enable explosive new markets, democratizing access to financial tools and cultural trends. On the other, they expose investors to significant risks, both financial and legal.

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Final Thoughts

The Pump.fun Solana memecoins surge back to dominance proves that the memecoin craze is far from over. With 73% market share, billions in weekly trading volume, and millions of engaged users, Pump.fun has reestablished itself as the undisputed leader in Solana-based meme assets.

However, investors and traders should remain cautious. While the growth story is compelling, legal challenges and regulatory headwinds could significantly impact Pump.fun’s future trajectory.

For now, Pump.fun stands as a symbol of crypto’s dual nature: an engine of relentless innovation and speculation, but one operating in uncharted legal waters.

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JERSEY CITY, N.J., Aug. 20, 2025 /PRNewswire/ — Moomoo’s parent company Futu Holdings Ltd. (“Futu” or “the Company”) (Nasdaq: FUTU), a leading global tech-driven online brokerage and wealth management platform, announced its unaudited Q2 2025 earnings with US$676.6 million in revenues, up 69.7% year-over-year (“YoY”), and US$338.8 million in non-GAAP adjusted net income, up 105.2% YoY.

As of June 30, 2025, the Company reported 27.12 million registered users, 5.24 million brokerage accounts and 2.88 million funded accounts. The Company’s total client assets surged to US$124 billion, demonstrating an accelerated growth of 17% quarter-over-quarter (“QoQ”) and 68% YoY. Notably, the Hong Kong market reported strong net inflows, with average client assets increasing QoQ by double digits, while the Singapore market posted robust user growth, with one in every two Singapore residents now a moomoo user [1].

In Q2, the Company’s total trading volume across its platforms grew by 12% QoQ and 121% YoY to US$457 billion, with US equities hitting US$343 billion, an all-time high. Singaporean, Australian, Japanese, and Canadian equities also recorded historical highs in quarterly trading volume.

Cryptocurrency and AI Lead Product Innovation

In the second quarter, cryptocurrency assets grew significantly by 43% QoQ across the Company’s platforms. As the Company charts an ambitious course for the future of fintech, it has placed cryptocurrency expansion at the forefront of its business strategy. Following successful launches in Hong Kong and Singapore, the Company has introduced Moomoo Crypto to US investors. It is actively exploring and accelerating the rollout of cryptocurrency trading services across its global markets, aiming to build a one-stop investment platform that seamlessly connects virtual assets with traditional finance.

At the same time, the Company is striving to build an end-to-end virtual asset infrastructure lifecycle. Leveraging multiple licenses obtained from regulators of various markets, the Company is set to provide a wide range of services including custody, matching and trading for virtual assets. The Company has launched cryptocurrency deposit and withdrawal services in Hong Kong, and has announced plans to explore offering around-the-clock on-chain tokenized money market fund trading services. In the future, the Company intends to offer more compliant crypto-related features to global investors.

In addition to cryptocurrency, Artificial Intelligence (“AI”) has been in the spotlight as more AI applications emerge in the fintech realm. In Q2, the Company introduced its self-developed blockbuster feature, Moomoo AI, an AI chatbot that empowers users worldwide to make smarter investment decisions with cutting-edge technologies. More advanced tech-driven functions are available in Moomoo Membership, which aims to provide exclusive premium benefits to members and provide value-added services.

The Company continues to upgrade its platform features and enrich its product selections to meet various investor demands. In Japan, moomoo further expanded its capabilities in US stock assets by launching US stock options trading. In Malaysia, moomoo introduced IPO financing and earnings calendar features, enhancing the Malaysian stock trading experience. Meanwhile, the Company is improving trading features across various platforms, including launching the Options Strategy Builder feature on mobile and enabling funds and bonds trading on desktop. The recent Bullish IPO attracted strong interest on moomoo US platform, with 100% of moomoo subscribers successfully securing the shares. The moomoo app maintained the top position in Q2 downloads among local stock trading apps in Australia, Malaysia, Singapore, and Hong Kong [2].

Localization Strategy Drives Long-Term Market Growth

In response to the rapid increase in demand for cryptocurrency and options related content from global users, moomoo introduced several dedicated educational sections within the in-app community. By the end of the second quarter, the community reported quarterly growth in daily active users, user generated content, and user engagement, with almost two million visits to the community’s free educational online courses.

In addition to online courses, moomoo also partnered with various organizations to promote financial literacy. In collaboration with Nasdaq and Japan Exchange Group, moomoo hosted its flagship offline event — MooFest in Japan, attracting around 3,000 investors. Moomoo Malaysia joined forces with Bursa Malaysia to promote financial literacy, advancing the development of the local investment market. In the US, Moomoo Foundation and W!se, an educational nonprofit, presented awards to 100 high schools for their educational excellence in finance. Additionally, moomoo made a bold new presence at Citi Field, home of the American professional baseball team the New York Mets, with a 36-foot high moomoo signage, which significantly amplifies moomoo’s brand visibility and recognition around the New York tri-state area. Moomoo also partnered with J.P. Morgan for the J.P. Morgan Corporate Challenge Singapore 2025 to promote wellness and an active lifestyle.

Moomoo’s dedicated localization efforts and product strengths garnered wide recognition across global markets, underscoring its growing influence in the fintech domain. In Malaysia, moomoo was honored by Bursa Malaysia with two prestigious awards – “Top Broker – Highest Number of New Accounts” and “Top Broker – Highest Traded Value”. In Australia, moomoo secured the “2025 Canstar Outstanding Value” awards for traders, active investors, and casual investors, a testament to its broad appeal and “customer-first” business philosophy. In Singapore, moomoo clinched the “Fintech – Private Wealth Management” award at the SBR Technology Excellence Awards 2025. With all these accolades, moomoo reaffirms its commitment to enhancing customer value. The Company will continue to widen the products and features on the platform while maintaining its first-class services.

About moomoo

Moomoo is a leading global investment and trading platform dedicated to empowering investors with user-friendly tools, data, and insights. Our platform is designed to provide essential information and technology, enabling users to make well-informed investment decisions. With advanced charting tools, pro-level analytical features, moomoo evolves alongside our users, fostering a dynamic community where investors can share, learn, and grow together.

Founded in the US, moomoo has expanded its global presence to serve investors across multiple markets, including Singapore, Australia, Japan, Canada, Malaysia, and New Zealand. As a subsidiary of a Nasdaq-listed company, moomoo is trusted by more than 27 million investors worldwide and has earned recognition from leading financial institutions and publications for its innovation and reliability.

For more information, please visit moomoo’s official website at www.moomoo.com

CONTACT: pr@moomoo.com

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