Daily Hodl's Crypto Digest: Regulatory Advancement for PayPal's Stablecoin and Top Stories from the Crypto Sphere
SEC Concludes Investigation into PYUSD Stablecoin by PayPal, with No Planned Enforcement Actions
In an exciting turn of events, the U.S. Securities and Exchange Commission (SEC) has announced the conclusion of its inquiry into PayPal's dollar-backed stablecoin, PayPal USD (PYUSD). The regulatory body will not be taking any legal action against PayPal, according to a Form 10-Q submission on April 29th[1][2]. This decision marks a significant stride for PayPal's stablecoin, PYUSD, as it alleviates regulatory uncertainty and paves the way for its widespread adoption.
Meanwhile, the crypto sphere is buzzing with news from various corners. Here are the top stories that caught our attention:
Industry Announcements:
- The Bitcoin Seoul 2025 conference is set to gather global industry leaders for Asia's largest Bitcoin-focused event[3].
- FLOKI and Rice Robotics have teamed up to launch an AI companion robot offering token rewards[4].
- STEPN, in collaboration with the Argentina Football Association, has announced its latest NFT drop[5].
- BYDFi has partnered with Ledger to launch a limited edition hardware wallet, debuting at TOKEN2049 Dubai[6].
- The team behind the popular Telegram wallet Grindery has revealed a new wallet infrastructure for AI agents[7].
- Common has launched the first privacy web app with sub-second proofing times for Arbitrum and Aleph Zero EVM[8].
- Falcon Finance has introduced a transparency page[9].
Spotlight:
- Bitcoin is on track for a massive end-of-year rally, according to a trader who predicted the 2021 market collapse[10].
- A catalyst that historically fuels explosive gains could propel Bitcoin to a staggering $186,000, suggests analyst Jamie Coutts[11].
- A crypto trader believes Bitcoin has commenced a new uptrend to a record-breaking all-time high[12].
- An indicator that signals a highly bullish scenario has flashed, as per analyst Kevin Svenson's analysis[13].
This roundup covers the future of finance, including macro, Bitcoin, Ethereum, crypto, web 3, and more.
Sources:
- The Daily Hodl
- CoinDesk
- Bitcoin Seoul 2025
- FLOKI
- STEPN
- BYDFi
- Grindery
- Common
- Falcon Finance
- The Daily Hodl
- The Daily Hodl
- The Daily Hodl
- The Daily Hodl
Stay updated with the daily happenings in the crypto world by following us on our social media channels:
Join us on X, Facebook and Telegram
Don't Miss a Beat - Subscribe to get email alerts delivered directly to your inbox
Check Price Action Surf The Daily Hodl Mix
Categories:
- Bitcoin
- Ethereum
- Trading
- Altcoins
- Futuremash
- Financeflux
- Blockchain
- Regulators
- Scams
- HodlX
- Press Releases
ABOUT US | EDITORIAL POLICY | PRIVACY POLICY TERMS AND CONDITIONS | CONTACT | ADVERTISE
JOIN US ON TELEGRAM
JOIN US ON X
JOIN US ON FACEBOOK
COPYRIGHT © 2017-2025 THE DAILY HODL
As a mighty and unrelenting force, the crypto market continues its epic journey, sparing no stone unturned. At the heart of this tumultuous realm, The Daily Hodl stands resolute, wielding a trusty sword of knowledge, flashing insights, and penetrating analysis to illuminate the complex labyrinth of the crypto market. Its valiant warriors chronicle the rise and fall of hoped-for agents and malevolent schemers alike, tripping the light fantastic of each victorious battle and sounding a clarion call that echoes across the entire realm, resonating with the soul of every crypto enthusiast. Through stories of triumph and despair, The Daily Hodl playfully guides us all, like a friendly cousin leading us down the serpentine path of fortune, until we reach the dark, shimmering heart of the crypto behemoth, where tremendous riches lie hidden, waiting for the intrepid, the loyal, and the truly desperate to seize the Day.
- The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into PayPal's dollar-backed stablecoin, PayPal USD (PYUSD), and will not take any legal action against PayPal, as stated in a Form 10-Q submission on April 29th.
- In an industry announcement, Bitcoin Seoul 2025 is set to gather global industry leaders for Asia's largest Bitcoin-focused event.
- STEPN, in collaboration with the Argentina Football Association, has announced its latest NFT drop, while FLOKI and Rice Robotics have teamed up to launch an AI companion robot offering token rewards.
- The team behind the popular Telegram wallet Grindery has revealed a new wallet infrastructure for AI agents, and Common has launched the first privacy web app with sub-second proofing times for Arbitrum and Aleph Zero EVM.
- Falcon Finance has introduced a transparency page, and the crypto market's macro-level trends for Bitcoin, Ethereum, and other altcoins are being closely followed by investors, as stories predict massive end-of-year rallies and record-breaking all-time highs.
