Category: Cryptocurrency

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Coinbase platforms to provide fee-free purchases and easy 1:1 redemption of PayPal USD while companies jointly explore new payment use cases

SAN JOSE, Calif., April 24, 2025 /PRNewswire/ — PayPal Holdings, Inc. (NASDAQ: PYPL) and Coinbase Global, Inc. (NASDAQ: COIN) today announced an expansion of their partnership to increase the adoption, distribution, and utilization of the PayPal USD (PYUSD) stablecoin. This collaboration will provide value for consumers, enterprises, and institutions as they continue to utilize digital currencies across platforms and borders with the stability of regulated USD-denominated crypto-native assets.

“For years, we’ve worked with Coinbase to enable a best-in-class integration to provide a simple, familiar way for PayPal users to fund crypto purchases on Coinbase. Our objectives aligned further as we deployed PYUSD in combination with our payments expertise enabling greater commerce applications,” said Alex Chriss, President and CEO, PayPal. “We are excited to drive new, exciting, and innovative use cases together with Coinbase and the entire cryptocurrency community, putting PYUSD at the center and driving further utility and adoption for digital currencies among developers, customers, and other users.”

This partnership will give Coinbase‘s millions of customers direct access to PYUSD while also enabling the thousands of institutions already using crypto increased utility with PYUSD. Additional details include:

• 1:1 PYUSD to USD conversions– Coinbase users will now be able to buy, sell, trade PYUSD with no platform fees, while also being able to redeem PYUSD 1:1 for US dollars directly on Coinbase platforms.
• Payments related activities – The two companies are committed to collaborating on a variety of innovations that will help accelerate the adoption and utility of stablecoin based solutions for the purposes of moving or managing money around the world, particularly in commerce.
• DeFi exploration – Coinbase and PayPal agree to explore new use cases for PYUSD in DeFi and onchain platforms.

“We’re excited to be partnering with PayPal. Their more than 430 million consumer and merchant accounts offer an unprecedented opportunity to increase stablecoin adoption globally,” said Brian Armstrong, CEO, Coinbase.

This agreement expands on the previous work between the two companies announced in 2021, enabling Coinbase users to use their PayPal accounts for immediate and direct funding of purchases on Coinbase and making withdrawals of fiat currency from Coinbase.

For more information about PYUSD, visit www.paypal.com/pyusd.

About PayPal USD (PYUSD)
PayPal USD is issued by Paxos Trust Company, a fully chartered limited purpose trust company. Paxos is licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services. Reserves for PayPal USD are fully backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents, and PayPal USD can be bought or sold through PayPal and Venmo at a rate of $1.00 per PayPal USD.

About PayPal:
PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com, https://about.pypl.com/ and https://investor.pypl.com/.

PayPal, Inc. (NMLS ID #: 910457) is licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services.

About Coinbase
Crypto creates economic freedom by ensuring that people can participate fairly in the economy, and Coinbase (NASDAQ: COIN) is on a mission to increase economic freedom for more than 1 billion people. We’re updating the century-old financial system by providing a trusted platform that makes it easy for people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and fast, free global transfers. We also provide critical infrastructure for onchain activity and support builders who share our vision that onchain is the new online. And together with the crypto community, we advocate for responsible rules to make the benefits of crypto available around the world.

Contact: Media Relations, mediarelations@paypal.com

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SOURCE PayPal Holdings, Inc.

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The cryptocurrency market is heating up again, and XRP price prediction headlines are making a comeback. With Ripple’s XRP currently hovering around the $2 mark, analysts are eyeing a massive move — potentially up to $6.5, representing a nearly 200% gain from current levels.

A new analysis from a respected trader known as Cryptarch_ has fueled the bullish sentiment. Based on technical indicators and broader market dynamics, the case for a breakout in XRP is gaining traction — especially with Bitcoin (BTC) trading well above $90,000.

Descending Triangle Pattern Signals Breakout

According to Cryptarch_, XRP’s current price pattern is forming a Descending Triangle on the chart — a formation often seen before a bullish breakout. His analysis, posted on TradingView, shows a tightening range with the lower highs pressing down and a steady support base — all classic signs of an imminent move.

Another crucial indicator is the Relative Strength Index (RSI), which had been declining for months but is now reversing to the upside. This shift implies a momentum change, with buying pressure beginning to outweigh selling. In short, the bulls may be gaining control.

Strategic Levels to Watch in the XRP Price Prediction

Cryptarch_ outlines several critical resistance levels that XRP must overcome on its way to the target price of $6.5. These include:

• $2.49 
• $3.00 
• $3.39 

Among these, the $3.00 mark is especially significant. On March 2, 2025, XRP experienced a sharp rally at that level, making it a psychological and technical threshold. If Ripple can break and hold above this price, it could create a new foundation for a sustained move upward.

His suggested trading setup includes a buy entry at $2.10 and a stop-loss at $2.00, which keeps downside risk minimal while allowing exposure to the potential upside.

May 10 Could Be a Pivotal Date for XRP

Circle your calendars for Saturday, May 10, 2025. That’s the date the analyst believes will be decisive for XRP’s trajectory. If the coin breaks above the $3 resistance, it could accelerate toward the $6.5 mark. On the flip side, a rejection at that level could send XRP tumbling back to support at $1.61.

Whether XRP will soar or stall hinges heavily on Bitcoin’s performance, which continues to influence the altcoin market. With BTC currently trading at $91,872, well above the key $89,000 support zone, the broader crypto environment remains bullish — and that’s good news for Ripple.

What Could Push XRP to $6.5?

There are several factors that could drive XRP to the ambitious $6.5 target:

• Bitcoin Strength: A strong BTC price often lifts the entire altcoin market, including XRP. 
• Improved Sentiment: With Ripple’s long-standing legal battle with the SEC winding down, investor confidence is returning. 
• Technical Breakout: The Descending Triangle formation and rising RSI point toward strong technical momentum. 

The upper target proposed by Cryptarch_ is $6.82, but he suggests locking in profits at $6.5 to avoid the next potential resistance zone. The idea is to secure gains before any significant reversal.

Bottom Line: Is Now the Time to Buy XRP?

While no one can predict crypto markets with 100% certainty, the XRP price prediction scenario laid out by Cryptarch_ provides a clear, data-driven outlook. With a defined risk-reward setup, multiple resistance levels mapped, and a critical date approaching, XRP could be positioning itself for one of the year’s most talked-about rallies.

For crypto traders watching the altcoin space, XRP is one to keep on the radar — especially as May 10 approaches and Bitcoin continues to flex its influence.

For investors seeking high-upside opportunities in the crypto market, Ripple’s XRP could soon deliver a breakout worth watching very closely.

Stay alert—XRP’s momentum may surprise traders with unexpected gains as technical patterns, bullish sentiment, and Bitcoin’s rally align in Ripple’s favor.

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CME Group (NASDAQ:CME) is making another bold move in the cryptocurrency space by introducing XRP futures trading, a strategic addition to its growing suite of digital asset derivatives. Set to launch on May 19, pending regulatory approval, this new offering aligns with rising institutional demand for regulated crypto products.

Already a major player in the crypto futures market—with established contracts for bitcoin and ether—CME is now turning its attention to XRP. This new launch is designed to provide more flexibility and risk management options for both institutional and retail traders seeking diversified exposure to the cryptocurrency market.

Details of CME’s XRP Futures Trading Launch

The new XRP futures trading contracts will come in two sizes to accommodate different trading needs. One is a micro contract representing 2,500 XRP, while the larger contract covers 50,000 XRP. Both will be cash-settled and based on the CME CF XRP-Dollar reference rate, ensuring transparency and price integrity.

Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, emphasized the motivation behind the move: “Interest in XRP has steadily increased as institutional and retail adoption for the network grows. We are pleased to launch these new futures contracts to support clients’ investment and hedging strategies.”

This latest product follows closely on the heels of CME’s successful launch of Solana (SOL) futures in March, which surpassed 43,000 contracts traded within weeks.

Why XRP Futures Trading Matters Now

The decision to introduce XRP futures trading couldn’t be more timely. The first quarter of the year saw CME’s crypto futures and options business thrive. Average daily volumes reached 198,000 contracts, translating to a notional value of $11.3 billion. Open interest surged to $21.8 billion, reflecting a growing appetite for regulated and transparent digital asset investment options.

With institutional investors increasingly looking to diversify their crypto portfolios, the addition of XRP offers another on-ramp into the regulated derivatives ecosystem. XRP, the native token of the XRP Ledger developed by Ripple Labs, has long been viewed as a fast, cost-effective option for cross-border payments, making it a compelling asset for serious investors.

Moreover, as the crypto industry matures, many large investors are demanding compliance-friendly products. CME’s role as a trusted and regulated financial marketplace gives traders the confidence to participate in cryptocurrency markets without exposure to unregulated exchanges.

XRP Futures vs. Spot Market: The Benefits for Traders

XRP futures trading offers distinct advantages over spot trading. Firstly, futures enable leverage, allowing traders to take larger positions with a fraction of the capital. Secondly, they allow for hedging strategies that can mitigate risk in volatile markets. Finally, CME’s robust margin and clearing systems provide greater safety for counterparties.

Unlike unregulated exchanges, CME ensures every trade is backed by financial safeguards, including daily settlement and margin requirements, reducing counterparty risk.

With the addition of XRP to its crypto lineup, CME now offers a well-rounded suite that includes futures for Bitcoin (CRYPTO:BTC), Ether (CRYPTO:ETH), and Solana (CRYPTO:SOL), further cementing its position as the premier hub for institutional-grade crypto derivatives.

Looking Ahead: Institutional Crypto Integration

The launch of XRP futures trading marks yet another milestone in the mainstreaming of crypto finance. As more asset managers and financial institutions allocate funds to digital assets, tools like CME’s regulated futures contracts become essential for long-term portfolio strategies.

Whether for speculation, hedging, or gaining diversified exposure, these products represent a new era of professional-grade crypto investing.

In a world where digital assets are increasingly influencing global finance, CME’s move to introduce XRP futures is both strategic and symbolic. It not only meets today’s demand but also sets the stage for a more mature and secure crypto marketplace.

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DUBAI, UAE, April 24, 2025 /CNW/ — The Blockchain for Good Alliance (BGA),  a global non-profit initiative, together with United Nations Development Programme (UNDP) and EMURGO Labs, has launched the SDG Blockchain Accelerator — a global effort aimed at harnessing blockchain-powered social impact initiatives across the UN Sustainable Development Goals (SDGs). This program aims to equip UNDP personnel and partners with the knowledge, technology, support, and mentorship necessary to develop, pilot, and scale blockchain-based solutions addressing real-world economic development challenges.

Supported by a global network of industry experts, this multi-year accelerator will onboard two cohorts annually, each running for a four month period, focusing on capacity building, solution development, and ecosystem growth. Leveraging Cardano‘s infrastructure and EMURGO Labs’ expertise, the program will deliver up to 40 blockchain solutions aligned with the SDGs, create an open-source resource hub, and promote cross-chain collaboration to broaden the impact of blockchain across the development sector.

Led by BGA Managing Partner Glenn Tan and members of the UNDP AltFinLab, the collaboration will span five global regions, offering funding and strategic support to blockchain projects tackling challenges across the 17 SDGs.

“At UNDP, we believe blockchain is not just a technology — it is a transformative force capable of reshaping how we address humanity’s most pressing challenges. This accelerator program is more than an initiative; it is a call to action for innovators worldwide to harness blockchain’s power to drive sustainable development. By fostering bold collaboration and leveraging its transparency and efficiency, we are paving the way for groundbreaking solutions that can uplift communities globally,” commented Teodor Petricevic, UNDP Accelerator Lead.

As a founding supporter of the Blockchain for Good Alliance, Bybit has worked closely with BGA across various initiatives to promote the use of blockchain for public good. Through its “Bybit Pool” initiative, the crypto exchange has committed US$1 million in funding to support EthicHub, a blockchain platform empowering and enabling smallholder farmers. This contribution supports ethical financing models and showcases blockchain’s potential in building transparent supply chains.

Expanding Impact Across Europe

BGA marked a significant milestone in January 2025 with its formal expansion into Europe, joining the UNDP Brussels Roundtable “Empowering the Future: A Strategic Dialogue on Emerging Technologies and Impact Entrepreneurship in the Western Balkans”. The roundtable brought together 30 key delegates from the UNDP, European Commission, top Web3 foundations, tech hubs, and policy think tanks — including the Ethereum Foundation, Solana Labs, Stellar Development Foundation, Algorand Foundation, Cardano Foundation, Celo, Metis, Cotrugli Business School, Science Technology Park Belgrade, BlackVogel, and the World Metaverse Council.

As part of its broader European strategy, BGA is actively engaging in grassroots initiatives, forging strategic partnerships, and contributing to high-level policy dialogues. With blockchain increasingly recognized as a catalyst for transparent, inclusive, and sustainable development, BGA welcomes collaboration with like-minded organizations to advance real-world solutions and establish blockchain as a pillar of digital equity and innovation across the continent.

#Bybit / #TheCryptoArk / #BGA

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

About Blockchain for Good Alliance (BGA)

The Blockchain for Good Alliance (BGA) is a long-term collaborative non-profit initiative with key partners with the main aim to contribute to societal good by using blockchain technology to solve real world problems. By convening leaders, innovators, and organisations from across the blockchain community, BGA seeks to drive innovation, collaboration, and action towards a more sustainable and equitable world.

For more information
Email: hello@chainforgood.org
Website: www.chainforgood.org
Twitter: www.x.com/chainforgood

About UNDP

UNDP is the leading United Nations organization fighting to end the injustice of poverty, inequality and climate change. Working with our broad network of experts and partners in 170 countries, we help nations to build integrated, lasting solutions for people and the planet.

Learn more at www.undp.org

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SOURCE Blockchain for Good Alliance (BGA)

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Following its migration to Arbitrum, MiL.k teams up with Galxe to launch global quests, drive user growth, and bring real-world loyalty rewards to the Web3 ecosystem.

SEOUL, South Korea, April 23, 2025 /CNW/ — Milk Partners, the company behind the blockchain-based loyalty integration platform ‘MiL.k,’ announced a strategic partnership with leading web3 growth platform, Galxe, to connect its 1.5 million Korean users with Galxe’s 33 million-strong global community and unlock new Web3 engagement opportunities. The partnership marks MiL.k’s first global collaboration following its recent migration to the Arbitrum blockchain.

Galxe, is an end-to-end growth platform powered by analytics, automation, and engagement solutions. With over 7,000 partners, it is one of the most actively operated social platforms within the Arbitrum ecosystem, enabling user base retention and ecosystem scalability.

MiL.k’s 1.5 million users and its loyalty ecosystem – built through strategic partnerships with major corporations – will seamlessly be integrated into Galxe’s platform. Together, the two companies aim to create synergies through mid-to-long-term marketing collaborations, bridging Korea with global markets,driving community growth, and expanding their ecosystems.

As part of their first collaboration, MiL.k’s exclusive quest will gradually launch on Galxe’s platform starting April 16. The quest will be available to domestic and international users, with co-hosted quests planned with various global projects in the Arbitrum ecosystem. The collaboration will offer a range of substantial rewards and benefits for participants – providing users with an enriched web3 experience. 

Additionally, both parties will expand their technical cooperation to connect onchain environments between their services and make it easier for global users to access a variety of content from both MiL.k and Galxe. The collaboration will accelerate the expansion of the Web3 ecosystem through multi-layered efforts including technology integration, marketing, and global user onboarding.

Through its partnership with Galxe, MiL.k aims to collaborate with various global web3 projects within the Arbitrum ecosystem including projects in sectors such as DeFi, gamification, social, and more.

Jung Min Cho, CEO of Milk Partners, stated, “The collaboration with Galxe is significant as it marks MiL.k’s first global project within the Arbitrum ecosystem. We will rapidly enhance our position as a global project by offering new Web3 experiences and practical benefits to users worldwide through various quests we will create together.”

Charles Wayn, Co-Founder of Galxe, echoed similar sentiments,”We’re excited to welcome MiL.k to the Galxe ecosystem in expanding global Web3 engagement. By connecting MiL.k’s robust loyalty network with Galxe’s powerful growth infrastructure, we’re not only bridging Korean users to a global community—we’re unlocking a new wave of utility, collaboration, and opportunity across the Arbitrum ecosystem.”

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SOURCE Milk Partners

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VICTORIA, Seychelles, April 21, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, announced the Hyperlane (HYPER) listing on April 22, 2025(UTC).To celebrate this significant addition to the exchange, MEXC is launching a special event with a prize pool of 165,000 HYPER and 50,000 USDT for new and existing users.

Hyperlane is the first permissionless, universal interoperability protocol dedicated to building a truly open and decentralized cross-chain communication infrastructure. As “The Open Interoperability Framework,” it enables anyone to freely expand, utilize, and customize the network, allowing developers to easily and securely build cross-chain applications and token bridges. To date, Hyperlane has connected over 140 blockchains, processed nearly 9 million cross-chain messages, and bridged more than $6 billion in volume through its Warp Routes.

$HYPER is the native token of the Hyperlane ecosystem, with an initial total supply of 1 billion tokens. It plays a critical role in securing the protocol through staking, rewarding validators for verifying cross-chain messages, incentivizing user-driven activity, and enabling community governance over protocol development.

To celebrate the listing, MEXC will launch an Airdrop+ event with substantial rewards for users:

Event Period: April 21, 2025, 10:00 – May 01, 2025, 10:00 (UTC)

Benefit 1: Deposit and share 120,000 HYPER (New user exclusive)

Benefit 2: Spot Challenge — Trade to share 15,000 HYPER (For all users)

Benefit 3: Futures Challenge — Trade to share 50,000 USDT in Futures bonus (For all users)

Benefit 4: Invite new users and share 30,000 HYPER (For all users)

MEXC has established itself as a leading exchange by consistently offering users early access to high-potential crypto assets. In 2024 alone, the platform listed 2,376 new tokens, including 1,716 initial listings. According to the latest TokenInsight report, MEXC led the industry with 461 spot listings between November 1, 2024, and February 15, 2025. During this period, the exchange maintained a high listing frequency, consistently ranking among the top six platforms, demonstrating its agility in capturing emerging market trends. MEXC will continue to expand its asset offerings and help users seize timely opportunities in the fast-moving crypto market.

For full event details and participation rules, please visit here.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

Risk Disclaimer:

The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.

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