Dear PointPay Family,
The new week is just around the corner, and it's time to sum up the past seven days. We have compiled a list of the top five news stories that were the most interesting, important, or simply fascinating. All news items are presented in a concise TL;DR format so that you can easily stay up to date with the crypto sphere.
Bitcoin Whale Cashes Out $9.5B After 14 Years
A long-dormant Bitcoin address has liquidated over 80,000 BTC, securing an unprecedented 72,000x return on its initial investment. The sale, completed over three days, generated roughly $9.53 billion at an average price of $118,834 per coin. Analysts note that the wallet, untouched for 14 years, originally acquired the holdings for just $132,000.
Trump Moves to Expand Crypto Access in US Retirement Plans
President Donald Trump is preparing to sign an executive order that would allow 401k retirement accounts to include cryptocurrencies, gold and other alternative assets. The initiative, aimed at reshaping how Americans manage their savings, directs regulators to examine remaining barriers to integrating these investments into professionally managed funds.
Goldman Sachs and BNY Mellon Launch Tokenized Money Market Funds
Goldman Sachs and Bank of New York Mellon have introduced a blockchain-based system enabling institutional clients to invest in tokenized money market funds. The project, already supported by major asset managers like BlackRock and Fidelity, seeks to modernize the $7.1 trillion industry by offering more efficient and flexible transactions compared to traditional markets.
PayPal Unveils Global Payment Hub PayPal World
PayPal has announced PayPal World, a unified platform that will merge leading payment networks including Venmo, Mercado Pago, UPI and Tenpay Global. Launching in fall 2025, the service will support seamless transactions via open APIs, cloud infrastructure and AI-powered interactions, targeting nearly two billion users worldwide.
Ethereum Breaks $3,700 as Market Sentiment Turns Bullish
Ethereum has surpassed $3,700 for the first time in months, fueled by growing optimism in futures markets. Open interest for ETH derivatives reached a record $52 billion, signaling heightened investor confidence despite the token still trading 24% below its 2021 peak of $4,891.
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