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Ethereum is now courting significant institutional interest, with asset manager BlackRock the latest entity to signal support. BlackRock’s ETH purchases have surpassed BTC for the first time in months as institutional capital begins to rotate into the second-largest cryptocurrency. Is BlackRock Abandoning BTC For ETH? According to Arkham Intelligence data, BlackRock is turning its gaze
The post ETH Is Next BTC? BlackRock Is Ditching Bitcoin And Buying More Ethereum appeared first on CoinGape.
The post $686M in Token Unlocks This Week: Key Projects to Watch appeared first on Coinpedia Fintech News
Over the next week, between July 28 and August 4, more than $686 million worth of crypto tokens will be unlocked across major crypto projects, which could shake things up in the market. Big one-time unlocks (over $5 million) are coming for Sui, Jupiter, Ethena, Optimism, Kaimana, Sign, GPS, Zeta, and Rezolve. These cliff unlocks often involve large token drops hitting the market at once, which can lead to increased volatility.
At the same time, several projects will see daily linear unlocks exceeding $1 million per day. These include Solana, Worldcoin, Celestia, Dogecoin, Tao, Avalanche, Sui, Polkadot, Internet Protocol, Morpho, Sei, and Ether.fi, Jito, Filecoin, and Ethereum Name Service.
Sui leads with an unlock of 44 million tokens, worth approximately $189.6 million, which is about 1.27% of its total supply. Jupiter is unlocking 53.47 million tokens valued at $32.1 million, followed by Ethena with 40.6 million tokens worth $26.6 million, and Optimism with 31.3 million tokens worth $22.9 million.
Other notable cliff unlocks include Kaimana with 229 million tokens worth $13.6 million and Sign unlocking 150 million tokens valued at $150 million (12.5%). GPS is releasing 542 million tokens, which is 31.75% of its supply, despite a modest $11.6 million value. Zeta and Rezolve are also unlocking 44.2 million and 423.7 million tokens, respectively.
Several major projects are undergoing daily linear unlocks, where tokens are released gradually each day. Solana is unlocking about 465,770 tokens over the week, worth $87.6 million. Trump will unlock 4.89 million tokens worth $50.13 million. Worldcoin follows with a 37.2 million token unlock worth $44.6 million. Dogecoin will release 95.5 million tokens valued at $22.9 million, and Lamden Tao will unlock 50,400 tokens totaling $21.5 million.
Avalanche and Celestia are also seeing significant releases, unlocking around 7 million tokens worth $18.1 million and 6.96 million tokens worth $14.2 million, respectively. Sui will add another 3 million tokens, valued at $12.9 million.
Projects like Morpho, Ether.fi, Polkadot, Sei, The Internet Protocol, Jito, Near, Ethereum Name Service, and Filecoin will also see weekly unlocks ranging from $7 million to $13 million.
Last week, over $442 million worth of tokens were unlocked across major projects. Major one-time releases came from Avail, Venom, AltLayer, Sahara, and Soon, while daily unlocks over $1 million hit Solana, Worldcoin, TRUMP, Celestia, Dogecoin, Tao, Avalanche, Sui, and others
The post $686M in Token Unlocks This Week: Key Projects to Watch appeared first on Coinpedia Fintech News
Over the next week, between July 28 and August 4, more than $686 million worth of crypto tokens will be unlocked across major crypto projects, which could shake things up in the market. Big one-time unlocks (over $5 million) are coming for Sui, Jupiter, Ethena, Optimism, Kaimana, Sign, GPS, Zeta, and Rezolve. These cliff unlocks …
Coinbase and PayPal have expanded their partnership to offer free conversions between PayPal’s stablecoin, PYUSD, and US dollars.
This is to enhance the utilization of stablecoins in digital payments, which is a positive development both for firms in their attempt to adopt blockchain technology within the conventional financial markets.
PayPal and Coinbase have teamed up to offer zero-fee conversions for PYUSD on Coinbase’s platform. So, from now on, it is possible to buy, sell, and trade PYUSD without fees on the platform. Furthermore, Coinbase users will be able to exchange their PYUSD 1:1 for US dollars. This arrangement seeks to demystify the stablecoin and ensure that its use is feasible in day-to-day activities.
PayPal’s president and CEO, Alex Chriss, also praised the partnership, saying,
“We are thrilled to advance new, exciting, and innovative use cases with Coinbase and the broader crypto ecosystem, with PYUSD at the core of it and focusing on adding value and more utility to Digital currencies for developers, customers, and other consumers.”
The move also includes more support for the merchants. PayPal also plans to bring PYUSD to its global network of merchants, which could expand the utility of stablecoins in real-world transactions. Amid these developments, the crypto exchange Coinbase filed with the CFTC to launch XRP futures earlier this month, offering a regulated way for investors to gain exposure to XRP.
Coinbase’s involvement is invaluable since it provides a direct gateway to millions of potential customers. With this new partnership, the crypto exchange plans to incorporate PYUSD into its services to provide users with a quick means of exchanging USD for PYUSD without incurring a fee. This zero-fee applies to Coinbase’s retail usage and also applies to institutional clients.
Brian Armstrong, the CEO of Coinbase, highlighted the benefits of this partnership for the broader cryptocurrency community, stating,
“Their more than 430 million consumer and merchant accounts offer an unprecedented opportunity to increase stablecoin adoption globally.”
This will also serve institutions which have already embraced crypto to get more out of PYUSD, thus making stablecoin make more rounds in business-to-business transactions.
While PayPal and Coinbase are working on enhancing the fiat to stablecoins gateway, they are also considering expanding in decentralized finance (DeFi) and blockchain payments. These two firms have agreed to develop new applications for PYUSD within these sectors to ensure that the digital currency is not restricted to just the financial sector alone.
According to Lauren Abendschein, Global Head of Institutional Sales at Coinbase,
“This is a partnership that is all about advancing the future of global payments, taking stablecoins mainstream, pushing forward this technology.”
As PayPal explores more decentralized exchanges (DEXs), it hopes to offer users the ability to make payments directly in PYUSD, without relying on traditional intermediaries.
Furthermore, the development of its business relationship with PayPal is just one of the many fronts on which Coinbase has been active. The exchange is continuing with the process to expand in different markets.
This includes opening a new office in Charlotte North Carolina and employing hundreds of people from that area. Such actions would show how Coinbase is expanding its operations in the United States and blending with the community.
Despite the expansions, the crypto exchange is still navigating regulatory hurdles, including a lawsuit concerning its staking services and a lawsuit by Oregon AG Rayfield. However, adding to the list, Alabama has dropped its enforcement action against the company related to its staking program.
The post Coinbase Partners with PayPal to Offer Free PYUSD Stablecoin Conversions appeared first on CoinGape.
The post Altcoin Season To Hit in Q3? Korean Crypto Survey Points To Rally appeared first on Coinpedia Fintech News
As the crypto market begins to recover from recent uncertainty and volatility over macro factors, a shift in market sentiment is emerging, with investors growing more optimistic.
A recent survey of 2,000 Korean crypto investors conducted by CoinNess and Cratos reveals that there has been a shift in market sentiment from Bitcoin to altcoins. While 33% of the respondents predict Bitcoin price surge this week, 35.7% predict the market to stay steady. Only over 31% of the investors expect a dip in prices.
Coming to altcoins, although the altcoin prices are struggling, investors expect a possible rebound to be right around the corner. over 36% believe that the next altseason could begin in Q3. While 22% expect it to come later this year in Q4, 16.7% of them predict that the season could start as soon as this quarter.
However, 13.3% of the group does not expect a bull run this year at all while 11.3% of them believes that the altcoin season is already over. Despite the improved outlook on the prices, the overall market sentiment still seems to be nervous. 46% of the investors feel fear or extreme fear. While 29.3% of them were neutral, only about 24.7% were optimistic or extremely optimistic.
According to data from CoinMarketCap, the CMC Altcoin Season Index is currently at just 16 which is well below the threshold for altseason to begin. This might suggest that Bitcoin is still dominating the market, especially after its strong rebound following the Trump Tariffs scare that briefly dragged it down to the $75K range.
Since the launch of Bitcoin ETFs in January 2024, Bitcoin has maintained dominance with over 60% of the market share, while altcoins remain below 40%. As prices continue to recover, it remains to be seen whether altcoins can outperform Bitcoin in the coming months.
Crypto analyst Altcoin Gordon has shared a bullish outlook for the crypto market. He said that various indicators are hinting towards a huge bull market with the onset of altcoin season.
Every indicator and narrative is pointing towards a HUGE bull market
Alt season is coming
Are you prepared?
pic.twitter.com/ZoaaLg4cKv
— Gordon (@AltcoinGordon) April 21, 2025
Bitcoin has finally broken above $87,000, now trading at $88,054, up around 3% over the past week, while altcoins are still struggling to gain momentum. Major tokens like Ethereum ($1,575), XRP ($2.08), and Solana ($138.91) have all slipped slightly in the past 24 hours, down 0.5%, 0.3%, and 0.2%, respectively.
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
The post Altcoin Season To Hit in Q3? Korean Crypto Survey Points To Rally appeared first on Coinpedia Fintech News
As the crypto market begins to recover from recent uncertainty and volatility over macro factors, a shift in market sentiment is emerging, with investors growing more optimistic. A recent survey of 2,000 Korean crypto investors conducted by CoinNess and Cratos reveals that there has been a shift in market sentiment from Bitcoin to altcoins. While …