Crypto Startup Apologizes for Using Polymarket to Bet on Fundraising, Catching Backers Off Guard

PayPal announced that businesses can now accept 100 cryptocurrencies, such as Bitcoin, Ethereum, and Solana, on its platform. The Pay with Crypto feature allows users to convert crypto to stablecoin or fiat currencies, supporting transactions for wallets like Coinbase and Kraken.

CoinShares reports record-breaking inflows of $11.2 billion into Bitcoin and Ethereum ETFs this month, with Ethereum funds leading the surge. Despite a minor pullback in Bitcoin ETFs, the market is speculating on the possibility of an "altcoin season" as other tokens like Solana and XRP attract significant investments.

BNB reached a new all-time high of $858, making it the fifth largest cryptocurrency by market capitalization. Altcoins like Optimism, Avalanche, and Injective have also experienced significant price increases recently.

Solana co-founder Anatoly Yakovenko criticized meme coins and NFTs as having no intrinsic value, likening them to loot boxes in free-to-play games. Despite his views, Solana's success is tied to meme-driven activity, with platforms like Pump.fun driving trading volume.

Tennessee man Kirk West has been charged with stealing $11 million in cash and cryptocurrency from his partner Nancy Jones, widow of country music star George Jones. West is accused of stealing $400,000 in cash and a Ledger hardware wallet containing more than 5.5 million XRP, then worth $11.6 million. West, who has a previous fraud conviction, is accused of having convinced Nancy to invest in crypto before stealing from her safes.

Bitget, accused by ASIC of offering high-risk crypto futures products without a license, faces regulatory scrutiny in Australia and internationally. ASIC's warning highlights the risks for investors, as Bitget lacks necessary safeguards and operates with leverage ratios up to 125:1.

Metaplanet has strategically increased its Bitcoin holdings by adding 780 BTC, bringing its total stash to over 17,000 Bitcoin valued at $2 billion. The company issued shares to fund these acquisitions as part of its long-term plan to reach 100,000 BTC by year-end.

The crypto market has seen a weekend rebound, with Ethereum gaining attention for a potential $6,000 price target by year's end. A new U.S.-EU trade agreement has imposed tariffs and commitments, easing tensions and stabilizing risk sentiment for investors.

Quantum Solutions, a Tokyo-listed AI firm, plans to purchase millions in Bitcoin over the next year through its Hong Kong-based subsidiary, GPT Pals Studio. The move aims to manage surplus funds, diversify the portfolio, and hedge against inflation.

Windtree Therapeutics plans to buy up to $700 million worth of BNB for its balance sheet, partnering with Kraken for custody. The company is raising funds through equity and stock-purchase pacts to support its BNB purchases.