Key Points XRP was created by a company called Ripple to standardize transactions in its innovative payments network. Bitcoin is the world's largest cryptocurrency, and a growing number of investors consider it to be a digital store of value. One of the two cryptocurrencies looks like a better buy than the other as we approach 2026. 10 stocks we like better than XRP › Bitcoin (CRYPTO: BTC) has a market capitalization of $2.3 trillion, making it the world's largest cryptocurrency by a wide margin. ...

Paxos accidentally mints $300 trillion PYUSD. Source: StableCoinsWar.com Key Takeaways Paxos mistakenly minted $300 trillion worth of PayPal USD (PYUSD) during an internal transfer error. The amount was nearly twice the size of global GDP but was burned within 30 minutes. No customer funds were impacted, though DeFi protocols briefly froze PYUSD deposits. On Oct. 15, stablecoin issuer Paxos triggered one of the most startling errors in crypto’s short history: 300 trillion PYUSD tokens suddenly ap ...

Product aims to give exposure to Celestia native token, as well as staking returnsCelestia is a rapidly growing modular layer 1 blockchain with use cases in high-performance trading, real-world assets (RWAs) and stablecoins. Bitwise Celestia Staking ETP is the company’s sixth institutional-grade staking product, with rising investor assets showing active demand for staking products 16 October 2025. Frankfurt: Bitwise today announces the launch of the Bitwise Celestia Staking ETP (Ticker TIAB; ISIN DE000A4A ...

Core Insights - A significant operational error by Paxos led to the minting of 300 trillion PYUSD stablecoins, which were subsequently sent to an inaccessible wallet for destruction, marking an unprecedented event in the cryptocurrency market [1][2][11]. Group 1: Incident Overview - On October 15, Paxos mistakenly minted 300 trillion PYUSD stablecoins, which is equivalent to approximately 300 trillion USD based on its dollar peg [1][2]. - This amount exceeds twice the total GDP of all countries globally, according to the International Monetary Fund [2]. - The incident is described as a typical "fat finger" mistake, highlighting the potential for human error in digital asset management [9]. Group 2: Market Reaction - Following the incident, Aave's founder announced a temporary freeze on PYUSD trading due to the unexpected high-volume transaction [3]. - Despite the massive minting error, PYUSD maintained its dollar peg, with only a brief price drop of about 0.5% [6]. Group 3: Company Response - Paxos stated that the excessive minting was due to an internal technical error during a transfer process and confirmed that customer funds remain secure [4]. - The company has addressed the root cause of the error, ensuring that such incidents do not recur [4]. Group 4: Market Position - Currently, PYUSD has a market capitalization exceeding 2.3 billion USD, ranking sixth among stablecoins, following Tether's USDt, USDC, Ethena USDe, Dai, and World Liberty Financial USD [8]. Group 5: Implications and Concerns - The incident raised critical questions regarding the collateral mechanisms of stablecoins, with concerns about what backed the erroneously minted 300 trillion USD [14][15].

Stablecoin issuer Paxos revealed that it erroneously minted $300 trillion worth of PayPal’s PYUSD stablecoin on Wednesday, only to reverse the mistake minutes later by burning the excess tokens. Blockchain records visible on Etherscan confirmed the flurry of minting and burning transactions, exposing a rare but dramatic “fat-finger” error in the reportedly tightly controlled world of stablecoin issuance. The transactions revealed that the firm had accidentally added six extra zeros during minting. Within ...

Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. QCP Capital says the market has moved beyond simple rate watching and into a full liquidity regime, where central-bank balance sheets and cross-border capital flows drive risk more than the Fed’s next 25 basis points. "Central bank buying ...

Semiconductor Industry - Kaynes Semicon has shipped India's first commercially packaged multi-chip module to US-based Alpha & Omega Semiconductor (AOS), marking a significant milestone in India's semiconductor journey [17][18] - The Sanand OSAT facility, established under India Semiconductor Mission 1.0, received central funding of Rs 1,653.5 crore and has a capacity to produce 3,000 pieces per day, with plans for another shipment next month [4][17] - Once fully operational, Kaynes' facility is designed for a daily output of 6.3 million chips, with AOS expected to consume most of the initial capacity, ramping up to about 1.5 million chips per day by Q1 2026-27 [6][18] - Indian semiconductor startups are collaborating with advanced foundries in Taiwan and South Korea to scale their designs, with companies like Calligo Technologies and Mindgrove Technologies leading the way [8][18] Cryptocurrency Sector - Coinbase is increasing its stake in Indian cryptocurrency exchange CoinDCX, valuing the company at $2.45 billion, with the funding aimed at expanding CoinDCX's product suite and global reach [11][13][18] - Coinbase Ventures has been an investor in CoinDCX since May 2020, participating in previous funding rounds that established CoinDCX as India's first crypto unicorn [13][18] Financial Services - Paytm is restructuring its group structure by acquiring stakes from founder Vijay Shekhar Sharma and consolidating its online and offline merchant payment businesses under Paytm Payments Services Ltd (PPSL), which has received RBI's in-principle approval to operate as a payment aggregator [14][18] Investment Activities - Dutch investment firm Prosus has acquired an additional 5.06% stake in Le Travenues Technology, the parent company of online travel aggregator Ixigo, through off-market transactions [17][18]

Binance completes Gopax acquisition, paving way for South Korea comeback: report https://t.co/PEUttcVs0R ...

一次惊人的操作失误，让加密货币市场见证了史无前例的数字。 区块链数据显示，10月15日UTC时间晚上7时12分，稳定币发行商Paxos铸造了300万亿枚与美元1:1锚定的PYUSD稳定币，随后在22分钟后将全部 代币发送至无法访问的钱包地址进行销毁。 按其美元锚定价值计算，这笔销毁代币总额达到约300万亿美元。作为对比，据国际货币基金组织数据，这一金额超过全球所有国家GDP总和的两 倍。 异常交易发生后，去中心化借贷协议Aave创始人Omer Goldberg在X平台发文称，因"意外的高额交易"，Aave将暂时冻结PYUSD交易。 Paxos随后在声明中表示，这是"内部转账过程中错误铸造了过量PYUSD"，属于内部技术错误，不涉及安全漏洞，客户资金安全。该公司称已解决 根本原因。 据Nansen数据，PYUSD在事件发生后维持了美元锚定，价格仅短暂下跌约0.5%。 PYUSD目前市值超过23亿美元，在稳定币市场排名第六，位列Tether的USDt、USDC、Ethena USDe、Dai和World Liberty Financial USD之后。 据CoinTelegraph的Turner Wright报道 ...

Photo by BeInCrypto Crypto Black Friday’s record liquidations erased $19 billion in positions, exposing transparency gaps between centralized and decentralized venues. As Binance stumbled, Hyperliquid held firm, making the 10.10 crash crypto’s biggest stress test since FTX. The crash and Binance’s recent listing controversy underscored one growing theme: the cost of centralization and the appeal of open systems. The Crash That Shook Trust Latest UpdateBloomberg reported that Hyperliquid processed over $1 ...