🧵 4. While the feature is not initially available in New York, PayPal's expansion into crypto began in 2020 with crypto buying, launching its stablecoin PYUSD in 2021.

🧵 3. PayPal's move allows U.S. merchants to transfer cryptocurrency to third-party wallets, enhancing flexibility and expanding crypto payment options for businesses.

🧵 2. U.S. business owners can now buy, hold, sell digital assets like Bitcoin and Ethereum from their PayPal business accounts, facilitating easy access to cryptocurrencies within the platform.

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🧵 5. While China's stimulus includes support measures for economy and stocks, doubts linger on whether it will be sufficient to revive consumer confidence and demand.

🧵 4. Research suggests strong correlation between Bitcoin's price and global liquidity, indicating positive outlook as China pumps liquidity into global markets.

🧵 3. Despite expectations, Bitcoin price only slightly rises following China's stimulus measures, hitting $63,200 amid discussions about global liquidity boost.

🧵 2. Founder of Three Arrows Capital suggests China's stimulus cycle begins, hinting at potential support for digital asset prices amid central bank's easing.

🧵 1. PayPal enables US business users to hold and trade Bitcoin and Ethereum, catering to growing demand for crypto capabilities among merchants. #crypto

🧵 1. China's central bank unleashes stimulus package, prompting speculation if "money printer go brr" move will boost Bitcoin and crypto prices globally. #crypto

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🧵 5. Scaramucci optimistic on bipartisan approach to crypto regulation in the US, seeks to remove political and tribal conflicts, advocates for progress.

🧵 4. Scaramucci and crypto advocates aim to steer Democratic Party away from anti-crypto figures like Elizabeth Warren and SEC Chair Gary Gensler.

🧵 3. Scaramucci, once a Trump supporter now backing Kamala Harris, reveals plans with crypto advocates to influence Dems' crypto regulations if she wins.

🧵 2. Scaramucci praises Trump for recognizing crypto's importance, leading Dems to adopt more centrist stance on regulation, distancing from critics.

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🧵 5/ Research arm of Bitfinex suggests potential consolidation in altcoin markets after strong BTC-led rally, emphasizing a cautious approach in trading altcoins.

🧵 4/ Bitfinex predicts a "correction" in altcoin markets outside the top 10 by market cap due to potential range formation near current prices post BTC surge.

🧵 3/ Following a failed breach of $65,000 level by Bitcoin, a consolidation phase is anticipated as per Bitfinex analysis. Caution advised after 22% BTC rally.

🧵 2/ Altcoin market observed higher high in OI despite no similar trend in the OTHERS index, indicating a concerning development, says Bitfinex research.