Dogecoin Shot Up Over 18,000% in the First 90 Days of 2021, This Coin Will Deliver More Over the Next 3 Months

PANews reported on September 18th that the BounceBit Foundation is considering implementing a fee allocation mechanism for BounceBit Trade . Fees generated by the platform will be directly used to fund the ongoing buyback of BB tokens, which has already been supported by $ 12 million in revenue from other products. The Foundation is currently evaluating the fee allocation plan and further implementation channels.

The post PayPal P2P, Google AI Payments, Miner Pivot — Crypto Biz appeared on BitcoinEthereumNews.com. Crypto’s center of gravity is shifting from speculation to services. PayPal is opening the door to peer-to-peer (P2P) cryptocurrency transfers, building on its growing presence in digital assets. Its stablecoin, PYUSD, has already surpassed $1 billion in market capitalization. Google is piloting a payment protocol designed for AI agents, with built-in support for stablecoins — highlighting the role dollar-pegged crypto could play in the emerging web economy. Meanwhile, Bitcoin miners face tighter margins from rising costs, higher difficulty levels and growing competition. Yet several companies are thriving by pivoting into data-center and AI infrastructure, sending their share prices sharply higher in recent weeks. This week’s Crypto Biz covers PayPal’s P2P rollout, the shifting economics of Bitcoin mining, Google’s open-source AI payment initiative and Bitwise’s bid for a new exchange-traded fund (ETF) focused on stablecoins and tokenization. PayPal rolls out P2P crypto transfers with new “links” feature PayPal is expanding its peer-to-peer offerings with a new feature that allows US users to send and receive cryptocurrencies directly within PayPal and Venmo, without relying on external exchanges. The service, called PayPal links, generates one-time links in the app that can be shared via text, email or chat. The feature will extend to Venmo, enabling direct transfers of cryptocurrencies and PayPal’s stablecoin, PYUSD, between users. For US customers, PayPal said that personal friends-and-family crypto transfers will not trigger 1099-K tax reporting, though other types of crypto transactions may still be taxable The rollout is part of PayPal World, the company’s interoperability framework aimed at connecting wallets and payment systems across its ecosystem. PayPal’s stablecoin, PYUSD, has experienced significant growth since launch, reaching a market cap of roughly $1.3 billion. Source: CoinMarketCap Bitcoin miners outperform BTC Shares of several major Bitcoin mining companies have surged over the past month, even as Bitcoin’s (BTC) price…

Cryptocurrency trading platform Robinhood (HOOD), has recently announced the listing of HYPE, the native token of the decentralized exchange (DEX) Hyperliquid, sparking a new rally for the altcoin, which surged beyond $40 on Thursday, marking an intraday recovery of 13%. $1 Billion For HYPE Token Buyback HYPE, with a market capitalization nearing $11 billion, has emerged as one of the market’s top performers, skyrocketing by 1,000% from its launch price of $10 in December 2024. This growth has been accompanied by an 18% increase in trading volume over the last 24 hours, according to data from CoinGecko. Related Reading: $1.7 Trillion Firm T. Rowe Price Seeks Approval For Crypto ETF Linked To Multiple Tokens The recent uptick in HYPE prices also coincides with Hyperliquid Strategies’ filing with the US Securities and Exchange Commission (SEC) to raise $1 billion for a buyback of HYPE tokens.  The company is expected to hold approximately 12.6 million HYPE tokens, valued at around $470 million, along with $305 million in cash reserves designated for additional token purchases. Key Resistance And Support Levels For Hyperliquid’s Price As of now, the HYPE price is trading at approximately $40.54, still 31% below its all-time high of $59 reached earlier this year. Moving forward, key price levels for Hyperliquid include closing the week above $40, which would convert this previous resistance into a short-term support level for potential further increases. Related Reading: Gold Rotation Impact: Bitwise Warns Bitcoin Could Skyrocket To $242,000 To the upside, additional resistance for the HYPE price may be encountered at $42, $46, and $50 before the altcoin can attempt to retest its $59 peak. Conversely, a support floor for Hyperliquid’s short-term price action is anticipated at $35, established over the past week, providing a buffer against potential new declines in price. Featured image from DALL-E, chart from TradingView.com