PayPal, symbol $PYPL, has expanded its cryptocurrency offerings by adding Solana (SOL) and Chainlink (LINK) for its customers in the U.S. and U.S. territories. This move makes the native token of the Chainlink Network available to over 200 million U.S. PayPal users, broadening the range of digital assets available on the platform. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
According to the last minute development, the FDUSD team, which lost its stability at $1 and fell to $0.87 and has partially recovered to $0.9887 at the time of writing, has released an official statement. Here is the official statement from the FDUSD team: Justin Sun's latest allegations against First Digital Trust are completely false. This dispute is about TUSD, not FDUSD. First Digital is completely financially sound. Every dollar supporting FDUSD is fully accounted for in safe, secure, and U.S.-backed securities. The full ISIN numbers for all of FDUSD’s reserves are listed and clearly accounted for in our attestation report. This is a typical Justin Sun smear campaign, trying to attack someone who is a competitor to his business. As we told CoinDesk, we have not yet had the opportunity to defend ourselves, and rather than allow the TUSD matter to be taken up in court, Justin has instead resorted to a coordinated social media effort to try to harm FDUSD as a commercial competitor. FDT will take legal action to protect its rights and reputation. *This is not investment advice. Continue Reading: BREAKING: FDUSD Team Makes Official Statement After Decline
According to a report from earlier today, US President Donald Trump has informed those closest to him that Tesla’s CEO and current D.O.G.E. leader, Elon Musk, will step back from his political role. The relationship between the two has gone through a few ups and downs in the past year or so, but the report claims Musk has become a political liability. Citing sources familiar with the matter, Politico indicated that people from Trump’s administration have become frustrated with Musk’s recent behavior and his unpredictability. A senior administration official believes Musk will keep an informal role as an adviser and continue to occasionally appear in the White House. Another one said people who believe Musk will disappear completely from the White House landscape are “fooling themselves.” Musk’s leadership of the so-called Department of Government Efficiency (D.O.G.E.) has led to some controversial results. While the actual slashed spending numbers are still debated, people who have felt the consequences have turned against Musk, and some of his businesses have felt it. Previously, a Trump administration official outlined Musk’s value and noted that there’s no end in sight for his political role. Interestingly, today’s report acted as a propeller for BTC gains. The asset stood below $85,000 but shot up to a multi-day peak of just over $87,000 when the news broke. Musk has had a long history with the cryptocurrency industry, often influencing big price moves with some of his comments. Trump has become the first supportive US president of BTC and (some) altcoins but both the crypto and stock markets reacted well to Musk’s potential departure. BTCUSD. Source: TradingView However, more volatility is expected later today when Trump’s new tariffs will be announced in what he calls ‘ Liberation Day .’ The post Bitcoin Price Reacts to Reports That Musk Will Leave Trump’s Inner Circle appeared first on CryptoPotato .
Ripple's RLUSD expansion on Kraken signals growing stablecoin adoption, enhancing cross-border payment efficiency and financial inclusivity. The post Ripple debuts RLUSD on Kraken as the stablecoin’s market cap approaches $250M appeared first on Crypto Briefing .
Terra Luna Classic token consolidated at a crucial support level as the weekly burn rate soared and a key community vote began. Terra Luna Classic ( LUNC ) was trading at $0.000060 on Wednesday, where it has remained over the past few days. The token has dropped by over 66% from its December high. LUNC continued to slide even as more coins were incinerated. According to LUNC Metrics, over 727 million tokens were burned in the past seven days. These burns brought the total number of tokens destroyed since inception to over 407 billion. Most of this week’s burns came from the Luna Foundation Guard, which burned over 211 million tokens on Wednesday. It also incinerated more than 1.7 billion TerraClassic USD tokens. BREAKING: The @LFG_org wallet has been BURNED! 🔥🤯 211,577,500 $LUNC 1,754,725,793 $USTC are now gone! Are we about to witness the greatest comeback in #Crypto history. Stay tuned! 💎🤲🏻 #LuncBurn #Binance @cz_binance pic.twitter.com/hWADqHtxBa — Mr. Diamondhandz1💎 (@MrDiamondhandz1) April 2, 2025 Terraform Labs established the Luna Foundation Guard to support the growth of the Terra ecosystem, particularly its stablecoin. You might also like: Bitcoin price could pump after Trump’s Liberation Day speech LUNC price has also remained flat after some users proposed to introduce a phased approach to establish an on-chain liquidity for the USD Coin ( USDC ). The goal is to set up USDC/LUNC liquidity pools to improve on-chain liquidity, provide decentralized finance utility, reduce reliance on centralized exchanges, and create arbitrage opportunities. Additionally, the pair would help generate tax volume and increase the burn rate. LUNC price technical analysis LUNC price chart | Source: crypto.news The daily chart shows that Terra Luna Classic has stalled at a key support level, one it has failed to break below multiple times since July last year. This suggests that bears are hesitant to push LUNC lower at current levels. LUNC remains below the 50-day moving average and the descending trendline connecting the swing highs since Jan. 19. This indicates the formation of a descending triangle, a popular bearish continuation pattern. More downside would be confirmed if the price breaks below the horizontal support that connects the lowest level since July 2024. A break beneath that zone could push LUNC to the next key support at $0.000047, approximately 22% below the current level. You might also like: ‘Liberation Day’ will be an ‘atomic bomb’ for crypto: pro
Shares of Trump Media & Technology Group (TMTG) nosedived on Wednesday after a regulatory filing revealed plans for a large stock sale, including the potential sale of US President Donald Trump’s $2.3 billion stake. The update comes against the backdrop of Trump’s upcoming announcement of new trade tariffs, which he has branded as “liberation day” policies. TMTG, which operates the social media platform Truth Social, saw its stock drop 8% following the US Securities and Exchange Commission (SEC) filing late Tuesday. The document outlined plans to sell more than 142 million shares, including Trump’s 114 million shares, held in a revocable trust controlled by his son, Donald Trump Jr. Other major shareholders, including US Attorney General Pam Bondi, TMTG Chairman Devin Nunes, and Yorkville, a Cayman Islands-registered company, are also set to offload a combined 134 million shares. In addition, TMTG is issuing 8.4 million new shares to increase the available trading stock. DJT stock continues plummeting ahead of ‘Liberation Day’ According to Yahoo Finance data, Trump Media shares, trading under the ticker symbol DJT, have already plunged over 44% year-to-date. The decline could be attributed to concerns over President Trump’s aggressive trade agenda and the impact of tariffs on the US economy. On Wednesday, Trump is scheduled to deliver a speech in the White House Rose Garden to announce new “reciprocal” tariffs on foreign imports. The announcement will be closely watched by both domestic and international markets, with fears that the new levies could strain economic relations with US trading partners. Trump’s decision to register his shares for sale directly contradicts a statement he made months before he won the US Presidential elections. Last September, the stock surged after he declared he had no intention of selling his stake. That day, trading was temporarily halted by Nasdaq due to excessive volatility. Trump later accused Nasdaq of working in coordination with the SEC, writing on Truth Social: “ What right do they have to do this? They have done it twice today. What’s going on? ” Company defends filing against sell-off concerns TMTG’s management has attempted to downplay market unrest that Trump or other insiders are planning a stock sale. In a public statement, the company bashed “legacy media outlets” for mischaracterizing the SEC filing. “ To be clear, these shares were already registered last June on an S-1 form, and today TMTG submitted a routine filing that re-registers them on an S-3 form in order to keep the Company’s filings effective. In fact, there currently is no open window for any affiliate to sell shares ,” the company claimed. The prospectus admitted that a stock sale by insiders could negatively impact public shareholders, with insiders profiting due to lower initial purchase prices. Still, it warned that the market could see a decline in share value if the selling pressure increases. “ The sale of the Resale Securities being offered pursuant to this prospectus, or the perception that these sales could occur, could result in a significant decline in the public trading price of our Common Stock ,” the document concluded. TMTG could lose more investors in the coming months Trump Media stock has been known for its volatility since going public through a special purpose acquisition company (SPAC) merger last year. Shares are currently down nearly 70% from their post-merger highs. Still, the stock remains a popular investment among Trump supporters, many of whom are individual investors rather than institutional funds. In October 2024, TMTG reported that it had approximately 650,000 shareholders, largely made up of retail investors. The company disclosed that only around 2,100 investors owned more than 5,000 shares, and fewer than 1,000 held over 10,000 shares. At the time of Wednesday’s US open market session, shares were priced at approximately $19, giving Trump’s trust a theoretical valuation exceeding $2 billion. On Monday, TMTG became the first company to list on the New York Stock Exchange’s new Texas platform, although its primary listing remains on Nasdaq. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
In the 16 years since its inception, Bitcoin (BTC) has turned from a niche concern exciting a small group of cryptography fans to one of the world’...
Bitcoin price skyrockets, but Coinbase stunned by $94 million BTC mystery
With Bitcoin (BTC) showing consistent resilience and Solana (SOL) pushing forward in performance, crypto traders are asking a new question: is there a low-cost opportunity with massive upside? For many, the answer lies in MAGACOINFINANCE, a fast-rising pre-sale altcoin that’s now gaining serious attention across top trading communities. CURRENT PRICE – $0.0002704 – LISTING PRICE $0.007 -PRE-SALE SELLING OUT! MAGACOINFINANCE – SECURE YOUR SPOT BEFORE IT’S GONE Unprecedented Growth Potential MAGACOINFINANCE has already surpassed $4.5 million in early-stage capital raised. With a capped 100 billion token supply and a surging number of early buyers, it’s quickly becoming a top target for traders looking to replicate early BTC-style returns at a fraction of the entry cost. Whispers of major exchange listings continue to intensify. ACT NOW – GET 50% EXTRA BONUS WITH CODE MAGA50X Exclusive Pre-Sale Opportunity Now priced at just $0.0002704, and targeting a launch at $0.007, MAGACOINFINANCE offers early investors a projected 2,532% ROI. Those who use promo code MAGA50X also unlock a 50% EXTRA BONUS—a rare window to multiply smaller investments like $500 into a high-value portfolio before the next stage hits. SOL, INJ, KAS, and UNI: Core Projects With Staying Power Solana (SOL) trades at $125.88, pushing forward with network speed and ecosystem expansion.Injective (INJ) is at $43.22, leading innovation in permissionless trading and decentralized finance infrastructure.Kaspa (KAS), at $0.123, continues gaining traction thanks to its secure and scalable PoW design.Uniswap (UNI) sits at $6.06, standing strong as the market’s most trusted decentralized trading platform. ACT NOW – JOIN THE BIGGEST PRE-SALE IN HISTORY! Conclusion As the cryptocurrency market continues to evolve, both established and emerging digital assets present unique opportunities. While Bitcoin (BTC), Ripple (XRP), and Solana (SOL) pursue growth strategies, MAGACOINFINANCE distinguishes itself with its innovative approach and attractive pre-sale incentives. Investors are encouraged to conduct thorough research, stay informed about market trends, and consider diversifying their portfolios to navigate this dynamic landscape effectively. For more information on MAGACOINFINANCE and to participate in the pre-sale, visit: Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Is $500 Enough? Bitcoin and Solana Traders Eye MAGACOINFINANCE’s Explosive Potential
The intersection of Artificial Intelligence (AI) and cryptocurrency is buzzing with innovation, but a word of caution has been sounded by a prominent figure in the crypto world. Changpeng Zhao (CZ), the co-founder of Binance, one of the world’s leading cryptocurrency exchanges, has stepped forward to address a concerning trend: the rush to launch crypto tokens by AI developers. This trend, while seemingly opportunistic, could be detrimental to the long-term growth and utility of both AI and crypto spaces. Let’s dive into CZ’s insights and understand why focusing on building valuable products should take precedence over hasty token issuances in the burgeoning field of AI crypto tokens . Why is CZ Concerned About the Rush to Crypto Token Launch? CZ took to X (formerly Twitter) to voice his apprehension about the current wave of AI agent developers prioritizing token launches. His message is clear and direct: many developers are getting ahead of themselves by focusing on tokenization before establishing a solid foundation of useful products. This approach, according to CZ, puts the cart before the horse. Instead of immediately jumping on the token bandwagon, developers should channel their energy into creating robust, functional, and genuinely helpful AI agents. But why is this so important? Premature Tokenization Can Dilute Value: Launching a token without a proven product can lead to a speculative bubble. If there’s no real utility or demand for the underlying AI agent, the token’s value becomes detached from actual product success, leading to potential crashes and investor disappointment. Focus Shifts from Product to Token Price: When the primary focus is on the token launch, development efforts can be diverted from enhancing the AI agent itself to marketing and pumping the token price. This short-sighted approach can hinder the long-term development and improvement of the core product. Sustainability Concerns: Projects that prioritize token launches over product development often lack a sustainable business model. The initial hype might fade, leaving the project without a solid foundation for continued growth and innovation. Erosion of Trust: In the long run, if numerous AI-related crypto tokens fail to deliver on their promises due to a lack of product focus, it could erode trust in the entire AI crypto space, hindering future growth and adoption. The Importance of Building Useful AI Agents First CZ’s advice boils down to a fundamental principle: build something valuable first. In the context of AI and crypto, this means prioritizing the development of high-quality AI agents that solve real-world problems or offer tangible benefits. Here’s why this product-first approach is crucial: Establishes Product-Market Fit: Focusing on product development allows developers to iterate and refine their AI agents based on user feedback and market needs. This iterative process is essential for achieving product-market fit, ensuring that there is genuine demand for the AI agent before considering tokenization. Creates Real Utility for the Token: Once a useful AI agent is established, a token can be thoughtfully integrated to enhance its ecosystem. The token can then serve as a utility token, providing access to premium features, incentivizing user contributions, or governing the AI agent’s network. This real utility gives the token intrinsic value and long-term sustainability. Attracts Genuine Investors and Users: Projects with strong, functional products are more likely to attract genuine investors and users who are interested in the long-term potential of the AI agent, not just short-term token price speculation. Fosters Sustainable Growth: A product-first approach lays the foundation for sustainable growth. Revenue generated from a useful AI agent can be reinvested into further development, marketing, and community building, creating a virtuous cycle of growth and innovation. Examples of AI Crypto Tokens Done Right (and Wrong) To better understand CZ’s warning, let’s look at some hypothetical examples illustrating the difference between a product-first and a token-first approach in the realm of crypto token launch for AI projects: Approach Project Focus Token Launch Timing Long-Term Sustainability Example (Hypothetical) Product-First Developing a cutting-edge AI-powered personalized learning platform. After the platform has gained traction, user base, and proven its effectiveness. High, due to real utility, revenue streams, and user engagement. Token utility is clear within the platform ecosystem. “LearnAI Token” launched after the “LearnAI” platform successfully onboarded 100,000 users and demonstrated improved learning outcomes. The token provides access to premium courses and personalized AI tutors. Token-First Launching a token for a vaguely defined AI “agent” with no clear use case or functional prototype. Immediately, aiming to capitalize on AI and crypto hype. Low, reliant on hype and speculation. Lacks real utility and user adoption. Token value is purely speculative. “AI-Coin” launched with a whitepaper promising a revolutionary AI agent, but no working prototype. Token price surges initially but crashes as no product materializes. These examples highlight the critical difference. The product-first approach prioritizes building value and utility, leading to a more sustainable and impactful project. The token-first approach, on the other hand, often results in short-term gains followed by long-term failure. Actionable Insights for AI Developers Considering Crypto For AI developers venturing into the crypto space, CZ’s advice provides a valuable roadmap. Here are some actionable insights to consider: Focus on Building a Minimum Viable Product (MVP) First: Before even thinking about a token, concentrate on developing a functional MVP of your AI agent. Get it into the hands of users, gather feedback, and iterate based on real-world usage. Validate Product-Market Fit: Ensure there is a genuine market need and demand for your AI agent. Conduct thorough market research and user testing to validate your product-market fit. Define Clear Token Utility: If you decide to launch a token, clearly define its utility within your AI ecosystem. How will the token enhance the user experience, incentivize participation, or contribute to the growth of the platform? Avoid launching a token simply for fundraising purposes without a clear utility. Community Building is Key: Build a strong community around your AI project. Engage with potential users, gather feedback, and foster a sense of ownership and participation. A strong community can be a valuable asset in the long run. Seek Expert Guidance: Navigating the complexities of both AI and crypto can be challenging. Seek guidance from experienced advisors in both fields to ensure you are making informed decisions. The Future of AI and Crypto: A Product-Driven Path CZ’s warning serves as a crucial reminder for the AI and crypto communities. The future of this exciting intersection lies in building valuable, functional products that solve real-world problems. While the allure of quick token launches and fundraising might be tempting, a product-driven approach is essential for long-term success and sustainability. By prioritizing product development and focusing on creating truly useful AI crypto tokens ecosystems, developers can unlock the immense potential of AI and crypto to create transformative technologies that benefit society. In conclusion, CZ’s message is clear: Don’t rush the process. Focus on building exceptional AI agents first, and the right time for a token launch will become evident when you have a product that truly resonates with the market. This measured and strategic approach is not just prudent; it’s the most promising path to building a robust and impactful future for AI in the crypto space. To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum price action.