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PayPal Adds Chainlink And Solana To Its US Cryptocurrency Service

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18 hours ago

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Payment giant PayPal has announced the addition of Chainlink (LINK) and Solana (SOL) to its cryptocurrency offerings. As the payment behemoth increases its crypto footprint, PayPal and Venmo users can buy, sell, and hold LINK and SOL in their accounts.

PayPal Expands Crypto Offering With SOL and LINK

According to an official press release, PayPal has announced the expansion of its suite of cryptocurrencies with two new tokens. The payment giant confirmed the addition of Chainlink and Solana to its offerings, signaling increased confidence in Web 3 solutions.

Per the statement, the offering will extend beyond PayPal and include its subsidiary Venmo. Users of Venmo and PayPal in the US will be able to purchase, hold, transfer, and sell both SOL and LINK with their accounts.

May Zabaneh, Paypal’s VP for Digital Currencies revealed that expanding its cryptocurrency offerings was an obvious choice for the company. Zabaneh disclosed that feedback from users confirmed the need to allow consumers to interact with SOL and LINK.

“Offering more tokens on PayPal and Venmo provides users with greater flexibility, choice, and access to digital currencies,” said Zabaneh.

With the addition of SOL and LINK, PayPal supports seven cryptocurrencies on its platform. The firm waded into cryptocurrencies back in 2020 starting with Bitcoin (BTC) and Ethereum (ETH) offerings for consumers. Early successes saw it expand to Litecoin (LTC) and Bitcoin Cash (BCH) before launching its stablecoin PayPal USD(PYUSD).

Institutional adoption for SOL is rising with Polymarket integrating Solana by enabling SOL deposits. Chainlink is riding its wave of partnerships and integrations with institutional and enterprise utility at the core.

Why Did The Payment Giant Choose SOL and LINK?

PayPal’s decision to expand to SOL and LINK flows from their inherent capabilities and massive adoption figures. According to the statement, PayPal sees Chainlink as a key player in cross-chain interoperability while describing Solana as a “leading blockchain platform.”

Both SOL and LINK are in the top 11 cryptocurrencies by market capitalization with a combined valuation of over $80 billion. Chainlink’s ADGM partnership to build tokenization frameworks in the UAE is the latest high-profile play for the Web 3 infrastructure platform.

Furthermore, the company says the decision underscores the company’s cryptocurrency-facing ambitions in recent years. PYUSD has its sights on challenging USDT and USDC dominance with PayPal neck-deep in cryptocurrencies.

“The addition of LINK and SOL reflects the company’s dedication to the evolving digital currency landscape and fostering greater accessibility and engagement in the cryptocurrency market,” read the statement.

Apart from PayPal and Polymarket, BlackRock’s BUIDL has launched on Solana in a strong case for institutional adoption. Both SOL and LINK have reacted positively to the announcement, rising 5.42% and 1.37 respectively.

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Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Expert Calls On Pi Network To Burn Tokens To Revive Pi Coin Price

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2 hours ago

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April 5, 2025

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After Pi Network lost over 20% over the last week, analysts are mooting suggestions to save Pi Coin from slipping further. Pi Network enthusiast Dr Altcoin says the PiCoreTeam can inject new life in the short term by burning a considerable amount of Pi Coins.

Pi Network Has To Burn Pi Coins As A Quick Fix For Falling Prices

As the Pi Network price threatened to fall to $0.3, an expert has waded in to share solutions to stave off the decline. Community member Dr Altcoin opines that investors have to come to terms with the current reality of the network amid the steep decline.

According to an analysis on X, Dr Altcoin notes that a steeper correction will delay Pi Network from reaching a new all-time high. To prevent an even bigger drop, the expert urges the PiCoreTeam (PCT) to burn a large number of Pi Coins.

According to Dr Altcoin, burning Pi will be a short-term solution to address declining asset prices. By removing coins, Pi coins from circulation, tokens become scarce, driving up prices to trigger a rally.

“The quick fix?” asked Dr Altcoin. “The PCT should burn its damn billions of Pi Coins from those 20,000+ Pi Foundations wallets.”

Right out of the bat, the PCT controls over 80 billion Pi coins distributed across several wallets. While burning Pi can improve prices, a Pi token unlock has stoked bearish sentiments among investors, sending prices below $1.

Long-Term Plan For Pi Hangs In The Balance

While the short-term direction of Pi can be impacted by burning tokens, Dr Altcoin’s long-term fix leaves things to fate. The expert says there is little the PCT can do but to “wait” and “hope” for a long-term upward trajectory akin to Bitcoin.

“The long-term fix?” said Dr Altcoin. “Wait patiently and hope it evolves like BTC, not ends up like XRP.”

Despite waiting on their hands, there are a few things the PCT can do to put Pi Network on the right path. For starters, Dr Altcoin says the PCT can improve its Know Your Business (KYB) process for projects keen on building in the ecosystem. The PCT has caught some flak after PiDaoSwap launched NFTs on BSC following KYB delays.

Dr Altcoin adds that the PCT’s transparency in the token burn and unlock mechanism will play a role in Binance and Bybit listing Pi on their exchanges, potentially driving prices northward.

While Pi price has recorded double-digit losses in the seven-day chart, prices are upbeat over 24 hours. Pi price has surged by 18% while trading volumes are hurtling toward the $1 billion mark. Despite the surge, the asset is not in the clear yet as Pi musters its strength in an attempt to flip the $0.90 resistance point.

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Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Binance Unveils Major Backing For Bitcoin Staking Protocol Babylon, Here’s All

Published

5 hours ago

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April 5, 2025

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Cryptocurrency exchange giant Binance has captured significant investor attention with its latest announcement on the Bitcoin staking protocol, Babylon (BABY). On Saturday, April 5, the exchange revealed in an official announcement that users remain poised to partake in BABYUSDT perpetual contract trading shortly ahead. Mentioned below are some vital details market participants should know as they look to capitalize on such emerging market opportunities.

Binance Announces Futures Listing For Babylon

An official release by the crypto exchange revealed that its ‘Futures’ division is adding a BABYUSDT perpetual contract to its stockpile of offerings. Starting today at 13:30 UTC, the platform’s colossal user base can avail of this trade offering with up to 5x leverage.

Moving on to other details, the capped funding rate for this project was at +2.00% / -2.00%. Babylon is a Bitcoin staking protocol that permits users to stake their BTC in exchange for earning rewards.

Why Did Binance Add BABYUSDT?

According to the CEX’s announcement, this decision comes primarily to expand the list of trading choices offered to users on the platform. The crypto exchange titan continues to cement its global ranking by tapping into emerging markets across the globe.

What’s More?

Binance added that it will apply the ‘Mark Price’ methodology for the asset’s pre-market futures trading period. Notably, the BABYUSDT perpetual contract is a pre-market futures contract where the price is calculated strategically. Traders can move on to the official announcement to know more about ‘Mark Price.’

“Pre-market perpetual futures contracts will be converted to standard perpetual futures contracts when a stable index price can be derived from the spot market,” the top exchange clarified. Further, the pre-market trading end will be announced separately to avoid user misunderstanding.

Altogether, the enhanced market support for the Bitcoin staking protocol has captured noteworthy attention towards the project as one of the top crypto exchanges supports it.

Recent Listings On Binance Gain Traction

Simultaneously, it’s worth pointing out some other recent listings on the leading crypto exchange. CoinGape recently reported that the exchange listed Broccoli, TUT, and other 4 crypto and offered support to their market dynamics.

On the other hand, the CEX again sidelined the Pi Network listing despite the crypto’s burgeoning popularity. Crypto market watchers extensively eye the exchange’s trade offering updates in order to capitalize on emerging market opportunities.

Some other new and upcoming listings on Binance include Hyperliquid, Mantle, and Kaspa, among many others.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Pi Network on Free Fall, 4 Reasons Pi Coin Price Going to $0.1

Published

13 hours ago

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April 5, 2025

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Pi Network has been on a free fall over the past week, with another 20% crash in the last 24 hours, dropping all the way to $0.44, and falling out of the top 30 crypto list. Investors have lost hope for the Pi Coin price recovery amid expectations of another 60% fall to $0.1. Despite a few developments, the overall market sentiment for the altcoin has turned extremely bearish.

Pi Network Has Been On A Freefall

The Pi Network price has been respecting no support levels and has been facing strong selling pressure with daily trading volumes shooting to $500 million. This massive dumping comes as investors have been losing faith in the project amid delays in mainnet launch, KYC process, etc. As a result, several top crypto exchanges like Binance and Coinbase have distanced themselves from Pi Coin listing on their platforms.

On the other hand, PiDaoSwap has raised concerns over prolonged delays in receiving Know Your Business (KYB) approvals. As a temporary workaround, PiDaoSwap has opted to launch its non-fungible tokens (NFTs) on Binance Chain to maintain project momentum while awaiting regulatory clearance.

Additionally, other developments like the Banxa integration are also not working in Pi Network’s favor at the moment.

Four Reasons Pi Coin Price Could Drop to $0.1

Amid the very poor performance and 85% drop from its February high of $3.0, experts are now speculating that the Pi Coin price could drop to $0.1. The four main factors that can contribute to this are:

  • Mass Sell-Off Risk: With a community exceeding 60 million users, concerns are mounting over what could happen once unverified holders complete KYC. If a significant portion decides to cash out, the resulting supply flood could overwhelm the market. Currently, Pi Network has 6.79 billion tokens in circulation, with a max supply of 100 billion—leaving ample room for dilution.
  • Lack of Major Exchange Listings: Without listings on top-tier platforms like Binance or Coinbase, market confidence could falter. Pi may remain confined to mid-tier exchanges such as OKX and Gate.io, limiting liquidity and price stability.
  • Macro Market Weakness: A broader crypto market downturn—especially if Bitcoin drops below the $70K level—could trigger widespread altcoin selloffs. As a highly speculative asset, Pi would likely be among the hardest hit.
  • Stagnant Utility Growth: Projects like Zito Realty and PiFest have been cited as real-world applications, but if such initiatives fail to scale meaningfully, the ecosystem may lose momentum, driving Pi closer to penny-coin status.

Our Pi Coin price prediction shows the altcoin will be trading under $0.40 level over the next month. Looking at the current free fall, the Pi core team needs to step up to arrest the further downside, and regain trust within the community.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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