Upbit will launch three MEGA trading pairs online

PayPal announced a strategic restructuring, integrating its business into three core segments: payment settlement and PayPal, consumer financial services and Venmo, and cryptocurrency and payment services. Cryptocurrency and payment services are listed as core departments, covering Braintree, small and medium-sized merchant payment processing, value-added services, and stablecoin PYUSD. Jeff Pomeroy has been appointed as the interim head of the department. CEO Enrique Lores stated that this restructuring aims to accelerate the execution of growth strategies, simplify decision-making processes, and drive innovation.

According to the Los Angeles Times, 22-year-old California man Evan Tangeman has been sentenced to 70 months in federal prison and three years of external supervision for laundering money for the "Crypto Kids" criminal gang. The gang impersonated Coinbase and Gemini employees to commit fraud, stealing over $263 million in cryptocurrency for the purchase of luxury cars, rental homes, and private jets. Tangeman admitted to laundering at least $3.5 million and receiving compensation from Lamborghini and Porsche. Federal agents seized a 2022 Rolls Royce Ghost and a Porsche GT3 RS from his home. Tangeman is the ninth defendant to plead guilty in the case.

Aftermath Finance tweeted that users are expected to receive full compensation within the next 48 to 72 hours. Sui Foundation and Mysten Labs will ensure the continued operation of the agreement and recover user funds.

According to CryptoQuant analyst EgyHash, USDT liquidity is the main driving factor for Bitcoin price discovery. The 60 day USDT market value change shows a sharp reversal in the liquidity tightening from late 2025 to early 2026, presenting a V-shaped recovery. Bitcoin is currently consolidating in the range of $77000 to $78000. Analysts point out that the transition of liquidity from negative to positive usually indicates an expansion of volatility, and believe that the market has shifted from a capital exit period to an aggressive replenishment period, providing structural support for current prices. However, the medium-term performance depends on whether the newly added USDT can be converted into spot demand.

OpenAI CEO Sam Altman stated in a podcast that his belief in universal basic income (UBI) has weakened and he is more inclined to distribute the benefits of AI through methods such as "collective ownership". The current price of the World (formerly Worldcoin) token WLD, which it promotes, is about $0.25, a drop of over 98% from its historical high of $11.82 in March 2024. Data shows that the World Foundation sold approximately 239 million WLDs and cashed out about $65 million.