{"id":695069,"date":"2025-10-16T04:10:12","date_gmt":"2025-10-16T01:10:12","guid":{"rendered":"https:\/\/buradabiliyorum.com\/en\/heres-what-happened-in-crypto-today-38\/"},"modified":"2025-10-16T04:10:12","modified_gmt":"2025-10-16T01:10:12","slug":"heres-what-happened-in-crypto-today-38","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/heres-what-happened-in-crypto-today-38\/","title":{"rendered":"Here\u2019s what happened in crypto today"},"content":{"rendered":"<p style=\"float:right;margin:0 0 10px 15px;width:240px\">\n                        <img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDYvMDE5Nzk0MjMtZWY4ZS03YzYwLWI5MzctYjlkZGY3NWZlOGFk.jpg\" class=\"type:primaryImage\">\n                    <\/p>\n<p>Need to know what h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ened in crypto today? Here is the latest <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.<\/p>\n<p><p>Today in crypto, Paxos says it \u201cmistakenly\u201d minted 300 trillion PayPal stablecoins; Coinbase Ventures backs Indian exchange CoinDCX at a $2.45 billion valuation amid its expansion into India and the Middle East, and analysts Tom Lee and Arthur Hayes double down on their $10,000 Ether price target for year-end.<\/p>\n<p>Blockchain data showed stablecoin issuer Paxos both minted and burned 300 trillion tokens of the PayPal USD stablecoin within 30 minutes, leaving many crypto users scratching their heads.<\/p>\n<p>In a Wednesday X post following the mint and burn, Chaos Labs founder Omer Goldberg <a rel=\"nofollow\" target=\"_blank\" data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/omeragoldberg\/status\/1978556904512094333\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">said<\/a> Aave would be temporarily freezing trades for PayPal USD (<a rel=\"nofollow\" target=\"_blank\" href=\"\/paypal-pyusd-price-index\">PYUSD<\/a>) after an \u201cunexpected high-magnitude transaction\u201d of minting and burning the stablecoin. Ethereum blockchain data showed Paxos <a rel=\"nofollow\" target=\"_blank\" data-ct-non-breakable=\"null\" href=\"https:\/\/etherscan.io\/tx\/0xc45dd1a77c05d9ae5b2284eea5393ecce2ac8a7e88e973c6ba3fe7a18bf45634\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">minting<\/a> 300 trillion of the US dollar-pegged stablecoin at 7:12 pm UTC and then <a rel=\"nofollow\" target=\"_blank\" data-ct-non-breakable=\"null\" href=\"https:\/\/etherscan.io\/tx\/0xaa532ae7f06cccdbdc226f59b68733ae8594464a98e128365f8170e305c34f4b\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">burning<\/a> the entire amount 22 minutes later by sending it to an inaccessible wallet.<\/p>\n<p>Read more<\/p>\n<\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" target=\"_blank\" >General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/what-happened-in-crypto-today?utm_source=rss_feed&#038;utm_medium=feed%3F_refresh%3D2oje3e%26r%3D2oje3e%26_rnd%3D2oje3e&#038;utm_campaign=rss_partner_inbound\" target=\"_blank\" >Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Paxos says it \u201cmistakenly\u201d minted 300 trillion PayPal stablecoins; Coinbase Ventures backs Indian exchange CoinDCX at a $2.45 billion valuation amid its expansion into&#8230;<\/p>\n","protected":false},"author":1,"featured_media":695070,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-06\/01979423-ef8e-7c60-b937-b9ddf75fe8ad","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[77337,74867,74862,74894,74956,74863,76605,157869,75493,117,159173,17318,73711,70934],"class_list":["post-695069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-ai","tag-altcoin","tag-bitcoin","tag-blockchain","tag-coinbase","tag-cryptocurrencies","tag-paxos","tag-paypal-usd","tag-stablecoin","tag-business","tag-coindcx","tag-india","tag-investments","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/695069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=695069"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/695069\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/695070"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=695069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=695069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=695069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}