☮️ JUST IN: Paxos, the issuer of PayPal’s stablecoin PYUSD, accidentally released PYUSD tokens worth $300 trillion due to a technical error. The mistake was noticed within about ten minutes, and the excess tokens were immediately burned. Paxos stated that the incident was not a cyberattack but an internal technical issue, and that customer assets remained safe. The event briefly affected some DeFi protocols; for example, Aave temporarily froze the PYUSD market as a precaution. The staggering size of the mistakenly issued amount exceeding the U.S. national debt and even global GDP drew significant attention.

🥇JUST IN: Bitcoin fell below $110,000, sliding to around $109,700 during the day, and over $500 million in positions were liquidated across crypto exchanges. The total market value dropped by about 2% in 24 hours to $3.74 trillion, and Ethereum also lost around 2%, trading near $4,000. Analysts point to whale sell-offs, rising demand for put options, and tensions between the US and China as key factors. Despite the decline, some experts still believe Bitcoin could reach $150,000 by the end of the year.

📣 JUST IN: OpenSea is pivoting from being purely an NFT marketplace to becoming a full-blown multi‐chain token trading platform across 22 blockchains, opening access for users to trade NFTs, meme coins and other digital assets while aggregating orders from decentralized exchanges.

Amid plummeting NFT volumes and deep staff cuts, the firm is shifting focus, and in doing so plans to launch a native token called SEA via its independent foundation in Q1 2026, with 50 % of the supply going to the community and half of initial revenue earmarked for token buy-backs to build value.

🚨JUST IN: Ark Labs has launched the open beta of its Bitcoin layer-2 solution, Arkade, enabling fast and secure off-chain payments using virtual UTXOs. The system works without altering Bitcoin’s consensus and supports integration with the Lightning Network.

Developers can already use SDKs in TypeScript, Go, and Rust to build apps. The project’s goal is to bring programmable, full-stack financial infrastructure to Bitcoin.

⚠️ BREAKING NEWS: Kadena has officially announced that it will shut down all business operations and cease active maintenance of the Kadena blockchain, effective immediately.

The organization cited market conditions as the main reason behind the decision, marking the end of its direct involvement with the network.

Despite the shutdown, the Kadena blockchain will remain operational, as it is a fully decentralized proof-of-work network maintained by independent miners and developers.

The team confirmed a new node binary will be released soon to ensure uninterrupted operation without company oversight.

👧BREAKING NEWS: Trump Grants Pardon to Binance Founder CZ

President Donald Trump has granted a presidential pardon to Binance founder Changpeng Zhao, who pleaded guilty in 2023 to enabling money laundering through the cryptocurrency exchange.

White House Press Secretary Karoline Leavitt said in a statement that the President “exercised his constitutional authority” in pardoning Zhao, describing his prosecution by the Biden Administration as part of its “war on cryptocurrency.”

Zhao resigned as Binance CEO as part of a $4.3 billion settlement with the U.S. Department of Justice and was sentenced in April 2024 to four months in prison, despite prosecutors seeking a three-year term.

The pardon follows Trump’s recent commutation of former Representative George Santos’s 87-month prison sentence for wire fraud and identity theft.

🐼 JUST IN: Pudgy Penguins Joins Forces with Kung Fu Panda, PENGU Token Jumps 10%

This partnership will integrate Pudgy Penguins characters into the Kung Fu Panda universe, marking a high-profile crossover between the NFT world and mainstream entertainment.

The collaboration is expected to expand Pudgy Penguins’ intellectual property into mainstream media, potentially including themed NFTs, merchandise, and appearances in future content. Analysts say this aligns with Pudgy Penguins’ broader strategy to develop a Disney-style IP empire, leveraging the global popularity of Kung Fu Panda to reach wider audiences.

On-chain data shows growing investor confidence, with increased activity from whales. Technical analysis indicates PENGU is trading above its 200-day moving average, signaling strong market interest.

This partnership highlights the ongoing trend of NFT projects moving beyond digital collectibles into mainstream cultural and entertainment brands, bridging the gap between blockchain assets and popular media.