The crypto payments firm joins an elite group with both a BitLicense and Trust Charter, gaining legal authority to custody assets and offer OTC trading under NYDFS oversight.
News from Web3, Bitcoin and crypto crurrency launches and market updates
The move aims to position Paxos to serve growing institutional demand for on-chain asset issuance and stablecoin payments.
The altcoin carved out a $0.21 trading range, marking 9% intraday volatility as bearish forces gained control.
Soft demand, low volume and concerns over token distribution weighed on early market sentiment.
The $0.1495 resistance level remains a significant barrier, while $0.144 serves as the last short-term support.
The bitcoin price drop to $80,000 last week reflected a mix of macro pressure, fading regulatory momentum and thinning liquidity that has tested bitcoin’s maturity.
Traders should watch for potential breakdowns below $2.03, which could lead to further declines toward $1.91.
Tom Lee’s company increased its crypto holdings last week despite sitting on around $4 billion in unrealized losses on its ETH bet.
The platform introduces a unified gateway that allows issuers and users to move tokens from any ecosystem into Solana.
Bitcoin and major altcoins bounced Sunday after an oversold RSI reading and more than $200M in liquidations signaled seller exhaustion amid thin weekend liquidity.
Not all agree with some recent sentiment that stablecoins pose a threat to global financial stability.
This gap could create a “price dislocation” between on-chain and traditional markets, leading to potential losses or arbitrage opportunities.