Coinbase has expanded its partnership with PayPal to help drive adoption of the PayPal USD (PYUSD) stablecoin. As part of the collaboration, Coinbase will enable 1:1 conversions between PYUSD and USD across its trading and custody platforms. To encourage usage, the platform is waiving all conversion fees for both retail and institutional users. The move is designed to make PYUSD more accessible and support its integration into the broader crypto ecosystem.
Bitcoin is rebounding after tariff chaos, and public companies like Metaplanet are conducting major acquisitions. The firm bought $28.2 million worth of the asset, nearly a $2 million increase from last week.
However, despite this new confidence, Metaplanet’s stock has continued to perform shakily. The crypto market is showing cautious optimism, but that won’t immediately translate into major gains.
Bitcoin Rebounds as Metaplanet Increases Purchase Size
“Metaplanet has acquired 330 BTC for ~$28.2 million at ~$85,605 per bitcoin and has achieved BTC Yield of 119.3% YTD 2025. As of 4/21/2025, we hold 4855 $BTC acquired for ~$414.5 million at ~$85,386 per bitcoin,” he claimed.
Still, markets are showing cautious optimism, not a full rally. A quick look at some major crypto-related stocks will paint a clearer picture.
MicroStrategy rose over 4% in the last five days and nearly 6% in the last month, but it’s a pillar of confidence in BTC. Metaplanet, a much smaller Bitcoin holder, only fell 1.89% in the last five days but over 20% in the last 30.
In other words, it can be difficult to cleanly connect Bitcoin’s recent successes with major holders like Metaplanet. Compare two prominent US-based crypto miners, Marathon and Riot.
The former recovered from its slump in early April, while the latter only continued to drop. Coinbase, too, has only made brief rallies on a trend of continual decline.
While Bitcoin’s adoption has surged dramatically over the past year, there’s still a lot of uncertainty about tariffs and recession. Metaplanet may be in shaky territory right now, but its confidence in Bitcoin can provide a long-term sense of stability.
As Ethereum (ETH) approaches its tenth anniversary, community members have come forward to highlight the network’s decade-long resilience.
Ethereum started the countdown to its 10th anniversary just over a week ago, unveiling an NFT torch first held by co-founder Joseph Lubin.
Ethereum Hits 10 Years Online With Zero Downtime
BeInCrypto reported that the countdown to Ethereum’s 10th anniversary started with the network launching an NFT Torch, which exchanges hands every 24 hours.
0/ The Ethereum Torch is now lit.
The Torch is an NFT honoring the people and values that have shaped Ethereum’s first decade and will help build its future.
It will be symbolically passed from wallet to wallet in the 10 days leading up to Ethereum’s 10 year anniversary. pic.twitter.com/nEIY8JOIna
As hype builds, with only two days to the event, community members highlight the network’s resilience spanning 10 years.
Binji Pande,anEthereum Foundation and Optimism (OP) contributor, articulated the network’s record of accomplishment, citing ten years of neither pauses nor maintenance windows.
“Ethereum has been online ten years straight with zero pauses and zero maintenance windows. in that time: – Facebook went down for 14 hours – AWS kinesis froze for 17 – Cloudflare dropped 19 datacenters – Alt L1s…well, you know. Every centralized giant blinks, they rely on on-call humans and scheduled downtime,” wrote Binji.
The contributor noted that Ethereum has proven unstoppable, enduring diverse market forces, unlike other networks, which suffer downtime during congestion seasons.
“…Ethereum never stops, not through forks, crashes, bubbles, lawsuits, hacks, wars, and every kind of drama the internet can throw at it,” the contributor added.
According to Binji, this record of accomplishment is ascribed to the Ethereum community, comprising developers, stakers, researchers, and users.
the resiliency is nothing without the things it needs to be resilient for
thank you for both building on ethereum, and for building ethereum itself.
also, i’ll be in london soon so hope to catch you then stani!
Ethereum co-founder Vitalik Buterin echoed the sentiment, re-sharing the post on X (Twitter). However, not everyone bought into the idea of Ethereum as an infinite machine.
Critics Challenge Ethereum’s Uptime Narrative and Legal Foundations
Analyst Marty Party challenged the view, pointing out the Ethereum network’s slow speed and its Layer-2 (L2) infrastructures. He also says Ethereum’s uptime record is misleading, calling L2s centralized, escrow-bound proxies.
“Stop sugar couting the facts. It is slow and unusable at 13 tps. L2s are not blockchains, they are centralized sequencers that just gather pseudo “transactions”, zip them up and write them in zips to Ethereum with a 7-day escrow window,” the analyst challenged.
He warns that most assets are unregistered securities, especially on platforms like Hyperliquid, and urges caution until new US crypto laws clarify what is legal.
“I’d wait for Market Structure Act and Clarity Act to conclude the guidelines before contributing large amounts to Ethereum L2s,” he cautioned.
Notwithstanding, the countdown to Ethereum’s tenth anniversary continues, with reports suggesting Alex Bornyakov, Deputy Minister of Digital Transformation of Ukraine, is the current holder of the Ethereum Torch NFT.
Previous holders of the Ethereum NFT Torch include Joseph Lubin, the ceremonial holder, and Michael Egorov, the founder of Curve Finance.
BeInCrypto reported that a rotating cast of prominent community figures and builders will hold the torch for 24 hours since July 20. The next holder is due in a few hours after this publication.
It’s an honor to carry the torch today related to the 10 year @ethereum anniversary! Thank you for doing an amazing job and the contribution to Ukraine’s relief effort!
Ethereum is set to undergo its highly anticipated Pectra upgrade tomorrow, and on-chain data suggests that validators are preparing to weather any market volatility.
Despite ETH’s lackluster price performance over the past week, the drop in validator exit points to a sense of confidence among network participants.
Ethereum Validators Hold Firm Ahead of Pectra
According to Glassnode, Ethereum’s validator voluntary exit count has declined noticeably since May 1, signaling a drop in the number of validators choosing to leave the network. On May 5, only 238 validators exited the network — the lowest daily count of validator exits from Ethereum since April 5.
This trend indicates that more validators are opting to stay put rather than liquidate their staked ETH, a sign of long-term confidence in the network and its coin.
With fewer exits, Ethereum validators appear optimistic about the network’s near-term outlook and the potential impact of the Pectra upgrade. Such sentiment, if sustained, could help lay the foundation for a post-upgrade ETH rally.
Moreover, the coin’s persistently positive funding rate reinforces the bullish sentiment surrounding ETH. At press time, ETH’s funding rate is 0.0027%, indicating that traders are still willing to pay a premium to maintain long positions.
A positive funding rate suggests bullish sentiment dominates the futures market, as long-position holders pay short sellers to keep their trades open. This dynamic reflects traders’ expectations of upward price movement.
Despite ETH’s continued struggle to break decisively above the $2,000 level, futures traders remain optimistic, consistently placing leveraged bets in anticipation of a price surge.
Bullish Setup Meets “Sell-the-News” Fears
As the countdown to Pectra ticks down, the fall in validator exit from Ethereum could tighten ETH’s circulating supply, contributing to a bullish breakout post-upgrade. If bullish sentiment persists, ETH’s price could rally to $2,027.
However, the risk of a “sell-the-news” event remains.
If the upgrade fails to meet market expectations or triggers profit-taking, ETH could experience downside pressure despite the optimistic signals from validator behavior. In this scenario, its price could fall to $1,744.
