PayPal launches cryptocurrency payment feature|CryptoPunks trading volume hits nearly a one-year high

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1 day ago

BTC (-0.91% | Current Price 118,305 USDT): BTC has seen a slight decline of 0.91% in the past 24 hours, dropping from approximately 119,399.80 USD to 118,321.00 USD, with trading volume remaining active. Technical analysis shows that BTC's price is oscillating near the 50-day moving average, with the RSI close to 60, indicating neutral market momentum but slightly bullish sentiment. The MACD shows a slight bearish signal, reflecting short-term pullback pressure. On July 28, BTC ETF inflows totaled 157 million USD, with IBIT inflows of 147 million USD and FBTC inflows of 30.9 million USD.

ETH (-2.47% | Current Price 3,781 USDT): ETH's price has decreased by approximately 2.47% in the past 24 hours, falling from 3,875 USD to 3,779 USD. Technical analysis indicates that the current price is above the 10-day SMA, with a 14-day RSI of about 79.8, suggesting that the market remains in an overbought state. On July 28, ETH ETF inflows reached 65.2 million USD, with BlackRock ETHA inflows of 132 million USD and Fidelity FETH outflows of 49.2 million USD.

Altcoins: In the past 24 hours, altcoins have shown a downward trend. The Fear and Greed Index today reports a value of 73, indicating that market sentiment remains optimistic.

Macro: On July 28, the S&P 500 index rose by 0.02%, closing at 6,389.77 points; the Dow Jones index fell by 0.14%, closing at 44,837.56 points; the Nasdaq index rose by 0.33%, closing at 21,178.58 points. As of July 29, 11:00 (UTC+8), the spot price of gold is reported at 3,318 USD per ounce, with a 24-hour increase of 0.12%.

According to Gate's market data, the current price of SQD token is 0.224 USD, with a 24-hour increase of 53.21%.

Subsquid is a decentralized query engine currently processing historical on-chain data from over 100 EVM and Substrate networks, as well as data from Solana and Starknet, which are in the testing phase. This data includes detailed information such as event logs, transaction receipts, tracking, and status differences for each transaction on EVM. It is also developing co-processors and RAG features that utilize its multi-chain indexing capabilities, enabling trustless connections with off-chain data lake resource networks through zero-knowledge proof markets and trusted execution environments (TEE). An incentivized testnet was launched on CoinList in September 2023, with the native token SDQ set to officially issue in May 2024, and the data lake certificate mainnet launching in early June.

The price increase of SQD in the past 24 hours is mainly attributed to its listing on mainstream exchanges, which has increased its market liquidity and trading activity. Financing boosts and improved market sentiment may also play a supportive role. In the future, the price trend of SQD will depend on its adoption within the developer community, listings on more exchanges, and overall market dynamics.

According to Gate's market data, the current price of NMD token is 20.51 USD, with a 24-hour increase of 17.27%.

NexusMind is a revolutionary decentralized social software, dubbed the "Twitter killer." The application is built on the cutting-edge decentralized network Nostr, which provides users with greater control over their social media experience. With NexusMind, users can enjoy a more secure and private social networking experience free from central authority control. Unlike traditional social media platforms, NexusMind allows users to connect with others in a fully decentralized and transparent manner, ensuring that users always maintain control over their data.

The price increase of NMD in the past 24 hours is primarily due to its upcoming listing on certain cryptocurrency exchanges, which has increased its market liquidity and trading activity. In the future, the price trend of NMD will depend on its adoption within the developer community, listings on more exchanges, and overall market dynamics.

According to Gate's market data, the current price of KTA token is 1.22 USD, with a 24-hour increase of 8.56%.

Keeta Network is a high-performance Layer-1 blockchain dedicated to providing secure, efficient, and highly interoperable solutions for global payments and asset transfers, with the vision of becoming "the common foundation for all asset transfers." It not only supports cross-chain transactions but also emphasizes seamless integration with traditional financial systems. Keeta was designed to address the pain points of traditional payment systems, such as high fees, slow settlement speeds, and lack of compliance support, aiming to achieve fast transaction settlements and asset tokenization through its technical architecture.

The price increase of KTA in the past 24 hours is mainly attributed to technological breakthroughs, on-chain accumulation, and bullish sentiment within the community. In the future, the price trend of KTA will depend on its adoption within the developer community and the overall trend of the altcoin market.

Payment giant PayPal has announced the launch of the "Pay with Crypto" feature, providing services to merchants by enabling instant conversion between cryptocurrencies and stablecoins or fiat currencies. This feature supports transactions from various Web3 wallets, including MetaMask, and reaches over 650 million cryptocurrency users globally. It is reported that the transaction fee for "Pay with Crypto" is only 0.99%, which can reduce transaction costs by up to 90% compared to international credit card processing.

The launch of PayPal's "Pay with Crypto" feature marks a significant breakthrough in the digital payment space, bringing a more convenient payment experience to users and merchants by integrating cryptocurrencies into everyday transactions. This feature reduces the complexity of using digital assets through an instant conversion mechanism, allowing more people to easily participate in the crypto economy. Its low transaction costs present a clear advantage over traditional payment methods, likely attracting more merchants to accept cryptocurrency payments, thereby promoting the adoption of digital currencies in the market. Looking ahead, this innovation could inject new vitality into the development of decentralized finance, fostering the emergence of more technologies and services related to digital currencies, further transforming the global payment landscape.

Financial technology giant FIS has announced a partnership with stablecoin issuer Circle to provide USDC stablecoin payment capabilities to U.S. financial institutions through FIS's Money Movement Hub. The partnership includes support for domestic and cross-border stablecoin payments, integration of real-time payment and anti-fraud systems, helping financial institutions deploy blockchain payment functions more securely and efficiently.

The collaboration between financial technology giant FIS and stablecoin issuer Circle opens a new chapter for digital currencies in the traditional financial sector. This partnership introduces USDC stablecoin payment capabilities to U.S. financial institutions, providing a more efficient and cost-effective alternative for domestic and cross-border transactions, while combining real-time payment and anti-fraud technology to ensure security and practicality. This initiative not only marks further implementation of blockchain technology in financial payments but may also encourage more institutions to explore similar models. Looking ahead, such collaborations could accelerate the widespread adoption of stablecoins, promote innovation in financial technology, and gradually change the landscape of the global payment system, providing users with a more convenient and inclusive financial service experience.

The CryptoPunks NFT series saw a trading volume exceeding 24.6 million USD last week, setting a new record since March 2024, with a 416% increase from the previous week. This trading frenzy is believed to be related to GameSquare's acquisition of Punk #5577 through a 5.15 million USD issuance of preferred stock, which also significantly boosted the floor price and average selling price of CryptoPunks.

Recently, trading activity in the CryptoPunks NFT series has significantly increased, showing renewed market enthusiasm for this iconic digital asset. Behind this surge, a major acquisition by a company has become a key factor driving price and attention increases. This not only highlights the important position of CryptoPunks in the NFT space but also reflects strong demand from investors for high-quality digital collectibles. Looking ahead, as more companies enter this market, the NFT ecosystem is expected to welcome new development opportunities, potentially further solidifying its influence as a platform for digital art and asset trading.

Original text: “PayPal Launches Cryptocurrency Payment Feature | CryptoPunks Trading Volume Hits Nearly One-Year High”

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