Crypto
crypto
Yaël Bizouati-Kennedy

PayPal to allow crypto payments

PayPal announced it will soon start allowing US businesses to accept payments in more than 100 cryptocurrencies, tapping “into a global base of more than 650 million crypto users,” according to a press release.

PayPal was flat in morning trading.

PayPal’s Pay with Crypto, which will be available “in the coming weeks,” will also decrease “the cost of transactions by up to 90% when compared to international credit card processing,” the company said in the release.

“Covering 90% of the $3+ trillion Crypto Market Cap, Pay with Crypto offers the ability to pay with 100 cryptocurrencies, including Bitcoin, ethereum, USDT, XRP, BNB, solana, USDC and many others and connect wallets including Coinbase, OKX, Binance, Kraken, Phantom, MetaMask, and Exodus with more to come,” according to the release.

Mike Cahill, CEO of Douro Labs, told Sherwood News that PayPal’s move is a major confirmation that digital assets are no longer fringe, experimental, or built for speculation alone. 

“When a payments giant starts offering 100+ crypto options and settles instantly with lower fees, it doesn’t just improve UX. It pressures the entire financial system to modernize. The real winner here is the infrastructure: networks that can support high-throughput, low-cost global transactions will now face more demand from both merchants and consumers,” he said.

In addition, businesses that hold their funds on PayPal as PYUSD (PayPal’s dollar-pegged stablecoin) can earn about 4% in interest.

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crypto
Sage D. Young

Riot Platforms rises following Q1 revenue beat

The bitcoin mining firm turned data center operator released first-quarter earnings that surpassed expectations for revenue. Shares built on strong gains from Thursday’s session in after-hours trading following the results.

Riot Platforms reported:

  • Q1 revenue of $167.2 million, growing 3.6% from the same quarter a year ago and surpassing analysts’ expectations of $131 million.

  • Diluted earnings per share of -$1.44, much worse than analysts’ estimate of -$0.72, which includes unrealized loss on its bitcoin holdings.

The bulk of company's revenue stems from its bitcoin mining activity, which made up $111.9 million in the quarter, while its data center housing revenue stood at $33.2 million, according to a press release.

Q1 of 2026 marks an inflection point for Riot. The firm's CFO Jason Chung said on Thursday in the firm's Q1 earnings conference call, "With the delivery of our first five megawatts to AMD this quarter, Riot is now an active data center operator, and for the first time, our top line now includes contracted lease revenue from an investment grade tenant."

The earnings report comes the same week the firm announced amending its $200 million credit agreement with Coinbase by replacing a floating interest rate with a fixed rate, according to a SEC filing dated on Monday.

Sage D. Young
4h
Trump-backed World Liberty token sinks to new all-time low amid governance proposal to unlock 62 billion tokens

The top 22 addresses voting in favor control 4.8 billion tokens, making up the majority of “yes” votes.

UAE-ECONOMY-CRYPTO-CONFERENCE
Yaël Bizouati-Kennedy
writing on the wall
5h
Merger of Twenty One with Strike and Elektron may portend the future for digital asset treasury companies

“The market is realizing it simply isn’t a strong long-term company model.”

Merge
crypto
Sage D. Young

Dogecoin and other canine tokens lead the pack as wider crypto market remains flat

Dogecoin, the meme coin beloved by Elon Musk with a market capitalization of $16.5 billion, is outpacing its peers bitcoin and etheruem in the last 24 hours, jumping nearly 9% to trade at nearly $0.11.

Also among the top 10 gainers in the period are ethereum-based dog token shiba inu and solana-native canine coin bonk, each increasing over 3%, data from CoinGecko shows.

In another positive sign for the meme coin, dogecoin ETFs have only recorded monthly inflows since their November listing, bringing in a cumulative net flow of $9.6 million, according to SoSoValue.

However, traders expect dogecoin to trade lower soon. Prediction market-implied odds of the cryptocurrency sliding below $0.08 stand at 76% on Wednesday morning.

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(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Yaël Bizouati-Kennedy
4/29/26
Analyst: “Strategy has been the single biggest factor” for bitcoin’s recent rally

Specifically, Bitwise’s Matt Hougan credited STRC, Strategy’s perpetual preferred equity instrument, for the price action, as the proceeds have enabled the company to continue to buy bitcoin at a constant pace.

Saylor and a big bitcoin

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