Paxos updated its bid to issue Hyperliquid’s USDH stablecoin, unveiling a PayPal-backed product with payment integration and a revenue model tied to the DEX’s growth. Stablecoin issuer Paxos has updated its proposal to issue USDH, the planned stablecoin of decentralized exchange (DEX) Hyperliquid, adding support from PayPal and Venmo. In a Wednesday announcement, Paxos updated its Saturday proposal to issue USDH. The firm stated that “PayPal has committed to supporting the Hyperliquid ecosystem,” by listing the HYPE token, supporting the new stablecoin with free on and off-ramps and supporting both USDH and Hyperliquid (HYPE) for PayPal checkout. PayPal would also provide $20 million in incentives committed to the HYPE ecosystem and integrate USDH into its payment app, Venmo, and money remittance service, Xoom. Paxos also stated that its regulatory standing in the European Union would allow its stablecoin to circulate there as well, “ensuring that USDH can scale globally.” Read more
Apple unveiled its iPhone 17 lineup on Tuesday, featuring its thinnest smartphone ever, as the tech giant works to prove it can keep pace in the generative AI race. The Silicon Valley powerhouse held its annual iPhone release event amid mounting pressures: the White House is pushing the company to reduce its dependence on Chinese manufacturing, while investors question whether Apple is truly ready for the AI age. Adding to these challenges, the company faces headwinds from United States President Donald Trump’s high tariff policies. Apple shares have dropped more than three per cent since the Republican took office in January. Against this backdrop, Apple is betting on a product that it hopes will spark a super-cycle of iPhone purchases and reverse the trend of customers holding onto their devices longer before upgrading. “The event shows Apple sidestepping the heart of the AI arms race while positioning itself as a long-term innovator on the AI hardware front, with silicon and device-level integration,” said...
IT Group Bittnet Systems (stock symbol: BNET) has informed investors on Sept 10 about a request to complete the agenda for the General Meeting of Shareholders of October 21 by including the idem of launching two bond programs in the maximum amounts of RON100 million and of EUR20 million, respectively, as per a stock market report.