Author: admin

By Hannah Lang (Reuters) -Coinbase, the largest publicly traded cryptocurrency exchange, is waiving fees on transactions connected to PayPal’s stablecoin and allowing its users to redeem the token directly for U.S. dollars, a major milestone for PayPal as the company doubles down on crypto payments. The move is part of a joint effort by Coinbase and PayPal to increase the adoption of PayPal’s stablecoin, called PYUSD, which it launched in 2023. PayPal says the integration with Coinbase will allow merchants on its network to settle directly in PYUSD instead of traditional financial rails. Stablecoins, a type of cryptocurrency designed to…

While many Americans are worried about where the U.S. economy is heading, few have changed their spending habits in anticipation of a slowdown.Nearly three-quarters, or 73%, of adults said they are “financially stressed,” with most pointing to the tariff wars as the culprit, according to a recent CNBC/SurveyMonkey online poll.And yet, consumer spending has remained remarkably resilient.In part because of looming tariffs, shoppers are panic buying. In fact, consumer spending was even stronger than expected in March, according to the Commerce Department and ticked up again in April, data released Wednesday from J.P. Morgan showed.J.P. Morgan also raised its odds for…

US President Donald Trump speaks during a photo opportunity with autoracing officials and champions … More on the South Portico of the White House on April 9, 2025, in Washington, DC. US President Donald Trump abruptly backed down Wednesday in his global trade war with a 90 day tariff pause for most countries — but slapped even more levies against China in what has become a brutal duel between the world’s two largest economies. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)AFP via Getty Images The White House is exploring a significant reduction in tariffs…

By John Revill BERN (Reuters) -Cryptocurrency campaigners have stepped up calls for the Swiss National Bank to buy bitcoin, saying the global economic turmoil triggered by U.S. President Donald Trump’s tariffs made it more important for the central bank to diversify its reserves. Supporters launched a referendum campaign in December to change the Swiss constitution to require the SNB holds bitcoin in its reserves alongside gold. “Holding bitcoin makes more sense as the world shifts towards a multipolar order, where the dollar and the euro are weakening,” said campaigner Luzius Meisser, a board member of cryptocurrency broker Bitcoin Suisse. Buying…

MELBOURNE: Teen sprinter Gout Gout has been confirmed on Austr­alia’s team for the World Athletics Championships in Tokyo in September. The 17-year-old son of South Sudanese immigrants will run in the 200 metres after clocking a wind-assisted 19.84 seconds in Perth this month to win his first national title. The Queenslander’s rapid rise has raised comparisons with Jamaican great Usain Bolt and made him the poster boy for Australian track and field, seven years before the country hosts the Brisbane Olympics in 2032. “I’m super excited to be picked to run the 200 in Tokyo at the World Cham­pionships,” Gout…

On Tuesday, Bitcoin exchange-traded funds (ETFs) saw nearly $1 billion in inflows — one of the largest surges of capital into the popular crypto products since January. The funds now collectively have $108.16 billion in assets under management. According to Farside Investors, ARK 21Shares Bitcoin ETF saw net inflows of $267 million, while BlackRock’s iShares Bitcoin Trust (IBIT) logged $193.5 million. The uptick in inflows to ARK 21Shares Bitcoin ETF marks a shift from IBIT consistently leading the pack, according to Eric Balchunas, a Bloomberg senior ETF analyst. “Good sign to see flow depth vs. say $IBIT doing 90% of…

MULTAN: Just a day after Multan Sultans finally found themselves in the driving seat, Islamabad United came in their way. And the most clinical side in the ongoing HBL Pakistan Super League edition so far, did what it has done all season; win matches. On Wednesday night here at the Multan Cricket Stadium, United registered their fifth victory in as many games. Sultans, who got their only win on Tuesday — a 33-run drubbing of Lahore Qalan­dars — meanwhile, saw their play-off hopes dwindle further after the seven-wicket loss against the holders. United opener Andries Gous (80 off 45, six…

DeFi Development Corp (JNVR), formerly known as Janover, added another $9.9 million in Solana’s SOL to its corporate treasury, pushing total crypto holdings to 317,273 SOL or about $48 million, the company said on Wednesday. The purchase, made through BitGo’s over-the-counter desk, includes a tranche of locked SOL. These are tokens typically tied to vesting or bankruptcy proceedings that can’t yet move on-chain but are cheaper than spot prices. “By gaining access to locked discounted inventory through a trusted partner like BitGo, we’re able to accumulate some of our SOL below market prices while deepening our alignment with the Solana…

Michael Saylor, CEO of Strategy, publicly endorsed newly appointed SEC Chairman Paul Atkins, stating on April 23 that Atkins “will be good for Bitcoin.” The statement came days after Atkins was sworn in as the 34th chair of the SEC during a White House ceremony led by Treasury Secretary Scott Bessent. Atkins, who previously served at the SEC from 2002 to 2008, has a background in digital assets, including his role as co-chair of the Token Alliance and an advisor to the now-defunct crypto exchange FTX. Strategy, formerly MicroStrategy, recently added 6,556 BTC to its holdings for approximately $555 million,…

ISLAMABAD United opener Andries Gous hits out during the Pakistan Super League match against Multan Sultans at the Multan Cricket Stadium on Wednesday.—APP LAHORE: HBL Pakistan Super League franchise Multan Sultans is expected to opt for fresh bidding instead of retaining the franchise under the existing policy of the Pakistan Cricket Board (PCB), which requires a 25 per cent increase on the original purchase price. Sultans, who joined the league in 2018 — two years after the PSL’s inception — were sold for $6.5 million annually on an eight-year agreement, the highest among all franchises. In contrast, the original five…