Daily Crypto News- PayPal set to launch crypto trading in the UK and may embrace DeFi

Daily Crypto News- PayPal set to launch crypto trading in the UK and may embrace DeFi

  • Bitcoin bulls control Friday’s $1.7B monthly options expiry

  • Bitcoin’s surge above $40,000 boosted the bulls’ advantage in this month’s $1.7 billion options expiry. On Friday, July 30, a total of 42,850 Bitcoin (BTC) option contracts ($1.7 billion) are set to expire. This might be the first time since the May 21 weekly expiry that bulls will be able to profit from the $40,000 call (buy) options.
  • Synthetix turns on layer-two alpha, launches Olympics betting on options platform

  • Users of the Synthetix-based Thales platform can now bet on the outcome of Olympic events. Decentralized derivatives and synthetic asset trading protocol, Synthetix, has launched trading on the Optimistic Ethereum layer two scaling platforms. It enables the exchange to offer faster transactions and lower fees using optimistic rollup technology.
  • PayPal set to launch crypto trading in the UK and may embrace DeFi

  • The global payments platform wants to let British customers trade crypto on its new “super app”. PayPal set to launch crypto trading in the UK, Global payments platform PayPal is looking towards the United Kingdom as the next market in which to expand its crypto trading services. World’s largest decentralized exchange, Uniswap, has been in talks with PayPal, among other fintech firms, regarding DeFi integration.
  • Global XRP Volume Skyrocketed 98 Percent in Q2

  • According to Ripple’s Q2 report, XRP, the sixth-largest cryptocurrency by market cap, saw its trading volume soaring to $4.4 billion in the second quarter of the year, logging a 98% quarter-over-quarter increase. It is worth noting that XRP also had four days with the highest trading volume throughout its entire history.
  • Number of Crypto Users Doubled in Just 6 Months: Survey

  • The total number of crypto users has doubled during the first six months of 2021, mainly due to institutional adoption and the fever for meme coins like DOGE and SHIB. The report gathered information from 24 leading crypto exchanges using on-chain data based on various parameters —identifying over 220 million users by the end of June.
  • Here’s what happened to Ethereum co-founder Vitalik Buterin’s $1 billion India Covid crypto donation
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