Stripe and private equity firm Advent International have reportedly made a joint bid to buy PayPal Holdings, putting a major payments player directly in the middle of a fast-consolidating digital payments race.

According to Reuters, the offer would include about $50 billion in committed financing and would value PayPal at $60.50 per share, a figure described by sources as representing a 28% premium to PayPal’s Tuesday closing price. Both PayPal and Stripe declined to comment.

Key takeaways

• Reuters reports Stripe and Advent International have made a joint offer to acquire PayPal at $60.50 per share.
• The bid reportedly comes with roughly $50 billion in committed financing.
• The proposal would represent about a 28% premium versus PayPal’s Tuesday closing price.
• Both companies have been expanding crypto and stablecoin-related capabilities, which could be strategically relevant if a deal advances.
• PayPal stock rose in Wednesday premarket trading on the news, but the longer-term outcome depends on regulatory and shareholder processes.

A potential reshaping of mainstream payments

At the center of the report is a classic strategic question: whether large-scale payments infrastructure and consumer payment reach can be combined under one umbrella to compete more effectively with mobile-first options.

Reuters said the offer was made by Stripe alongside Advent International and referenced sources familiar with the matter. The proposed per-share price would imply a significant premium, and PayPal shares reflected that immediately—rising 11.3% to $52.73 in Wednesday premarket trading, according to Yahoo Finance data. Still, PayPal is described as having gained about 14% over the past month while remaining down 35% year-over-year, underscoring how investors are still weighing turnaround risk against growth prospects.

Why PayPal is back in the acquisition spotlight

This would be Stripe’s second attempt to acquire PayPal. Earlier reporting by Bloomberg in February said Stripe held preliminary acquisition talks with PayPal as PayPal faced increased competitive pressure from smartphone-based payment services such as Google Pay and Apple Pay.

What’s notable here is the timing: instead of focusing only on traditional payment processing, the competitive landscape increasingly includes payment rails that can move quickly into new settlement and compliance frameworks. That environment raises the stakes for any acquirer—especially one with a track record of building payment infrastructure across different use cases, from merchant processing to stablecoin-enabled settlement.

Stablecoins as a shared strategic direction

The acquisition rumor lands at a moment when both PayPal and Stripe have been pushing deeper into stablecoin activity, a sector that is increasingly viewed as an extension of payment networks rather than a standalone crypto experiment.

PayPal introduced its PYUSD stablecoin in 2023. CoinMarketCap data cited in the report shows PYUSD peaked at a market capitalization of about $4.2 billion in February 2026 before falling to roughly $2.85 billion. While PYUSD is described as one of the 10 largest stablecoins, it remains far behind leaders including Tether’s USDt and Circle’s USDC.

Stripe, meanwhile, has been building stablecoin-related infrastructure for payments and accounts. The report notes that Stripe has offered stablecoin-based accounts globally since May 2025, and that its stablecoin infrastructure platform, Bridge, received conditional approval to operate as a federally chartered national trust bank under the US Office of the Comptroller of the Currency on Feb. 17.

Stripe has also accelerated adoption through partnerships. In March, Visa said it would expand its stablecoin card partnership with Stripe-owned Bridge to more than 100 countries across Europe, Asia-Pacific, Africa, and the Middle East by the end of the year—an expansion that signals how stablecoins are being positioned to integrate into broader consumer payment flows.

What investors should monitor next

Even if the offer progresses, the path from a reported bid to a completed acquisition depends on standard deal mechanics: due diligence, agreement on terms, shareholder approval, and regulatory review. For crypto-adjacent investors, the stablecoin angle adds another layer of uncertainty—whether a combined company would streamline stablecoin strategy, expand payment settlement capabilities, or maintain separate roadmaps.

In the near term, the most important question is whether PayPal’s board engages meaningfully with the proposal and how competitors and regulators respond to a transaction that would unite large consumer payment distribution with stablecoin-enabled infrastructure. Readers should also watch the market’s reaction for signs of whether investors treat the news as a genuine path to consolidation or as a typical M&A rumor that may not clear the next hurdles.

The Czech Finance Ministry added Polymarket to its list of unauthorized online gambling websites on Monday, requiring internet service providers (ISP) to block access.

The ministry listed the prediction market’s website under the country’s Gambling Act, which prohibits operators from offering unlicensed online gambling services to Czech users.

Under the Gambling Act, ISPs must block access to websites included on the ministry’s blacklist within 15 days of publication of the name.

Polymarket is a prediction market where users trade contracts tied to the outcomes of future events. The platform gained global attention during the 2024 US presidential election, with its markets widely cited as a gauge of election sentiment.

Polymarket and rival Kalshi have been restricted by regulators across the European Union, including in France, Germany, Poland, Romania and Spain.

Polymarket did not immediately respond to Cointelegraph’s request for comment.

Prediction markets face watchdog scrutiny beyond Europe

Regulators in several jurisdictions argue that some prediction market contracts amount to unlicensed gambling or fall under existing financial market rules.

On July 3, the European Securities and Markets Authority (ESMA) warned that many prediction market contracts could already fall under existing restrictions on binary options if they meet the definition of financial instruments.

The regulator said companies cannot avoid EU financial rules simply by marketing binary-style products as “event contracts” rather than derivatives. ESMA said the assessment depends on a contract’s characteristics rather than how they are marketed, adding that firms offering qualifying contracts to retail investors may already be subject to national restrictions implementing the bloc’s 2018 binary options ban.

ESMA also said companies offering such products to professional clients may need authorization under the Markets in Financial Instruments Directive, or MiFID II.

Related: Wall Street banks tighten prediction market rules for staff as insider fears spread

Outside the EU, prediction markets have faced similar regulatory action in Australia, Indonesia and Singapore.

In the US, Kalshi and Polymarket have been targeted by regulators in several states over allegations that their event contracts constitute illegal gambling, while the Commodity Futures Trading Commission maintains such products fall under its exclusive jurisdiction as federally regulated derivatives.

The dispute has resulted in conflicting court rulings and prompted calls for Congress to clarify whether sports and political event contracts should be regulated as gambling or federally regulated derivatives.

Magazine: Strategy became a symbol of the dot-com crash: Could history repeat?

Payments giant Stripe offered to buy PayPal (PYPL) in a deal worth $53 billion, the Financial Times reported on Wednesday.

San Francisco-based Stripe made the $60.50-a-share offer in tandem with private equity firm Advent International, according to the report, which cited two people familiar with the matter.

The bid represents a premium of around 28% on PayPal’s closing price of $47.37 on Tuesday. The New York-listed payments provider’s shares have surged over 18% to $56.10 in pre-market trading.

The bid follows an earlier expression of interest, though PayPal has been reluctant to engage with the offer thus far, the FT said.

Neither PayPal, Stripe nor Advent immediately responded to CoinDesk’s request for comment.

Stripe and PayPal are among the most prominent mainstream financial companies bringing stablecoins to traditional payment mechanisms. Stablecoins are digital tokens pegged to the value of a traditional financial asset, usually a fiat currency.

PayPal’s stablecoin PYUSD is the eighth-largest in the sector with a market capitalization of $185 million, according to CoinGecko data. The industry is dominated by Tether’s USDT at $184 billion.

Stripe’s historical focus was on embedding the second-largest stablecoin, Circle Internet’s USDC, into its payments infrastructure.

It has recently moved toward offering stablecoin and other blockchain-based services more independently, developing with its own mainnet, Tempo. The company also joined the Open USD venture alongside Mastercard, Visa and BlackRock to develop a new stablecoin, which could pose a serious challenge USDC.

Japan has enacted sweeping amendments to its financial laws that classify cryptocurrencies as financial products, opening the door to lower crypto taxes, domestic exchange-traded funds and stricter market oversight.

According to Japan’s public broadcaster NHK, the House of Councillors approved the amendments to the Financial Instruments and Exchange Act on Wednesday, completing the bill’s passage through both chambers of the Diet.

The legislation creates a separate legal category for crypto assets alongside traditional financial products such as stocks and bonds. Until now, cryptocurrencies had been regulated under the Payment Services Act as a payment method rather than as investment products.

Among the changes, the amended law introduces insider trading restrictions for crypto transactions, requires annual disclosures from issuers of certain crypto assets, and increases penalties for unregistered businesses.

CoinPost reported that the maximum prison sentence for operating without registration will increase from three years to 10 years, while the maximum fine will rise from 3 million yen to 10 million yen, or about $18,500 to $61,600.

Tax changes and ETF framework move forward

Beyond market conduct rules, the amendments establish the legal basis for separate taxation of crypto gains at an effective rate of about 20%, together with a three-year loss carry-forward deduction. Japan currently treats crypto profits as miscellaneous income, with tax rates reaching as high as 55%.

According to CoinPost, those tax provisions are expected to take effect in January 2028 because enforcement is scheduled to begin during the 2027 fiscal year.

The legislation also creates the foundation for issuing domestic spot cryptocurrency exchange-traded funds. CoinPost said the Japan Exchange Group is considering the first local crypto ETF listings as early as 2027, with traditional financial institutions expected to serve as issuers. The report added that approval of spot bitcoin ETFs has not yet been confirmed.

Following promulgation, the law is expected to take effect within one year, while cabinet ordinances and supervisory guidelines will determine how the new rules are implemented.

Crypto reforms accompany Japan’s Web3 strategy

The legislation follows a series of government efforts to strengthen Japan’s digital asset sector alongside its startup agenda.

Earlier this month, Prime Minister Sanae Takaichi told attendees at WebX 2026 that Web3 forms part of Japan’s national innovation strategy rather than a standalone crypto initiative. As previously reported by crypto.news, she said the conference gives founders, investors and companies opportunities to build new business partnerships, although her address did not announce new funding or immediate regulatory measures.

The government’s Comprehensive Startup Support Package, introduced in 2025, seeks to expand startup financing through public and private institutions, while Japan’s five-year startup plan targets annual startup investment of about 10 trillion yen by fiscal 2027. Alongside those initiatives, lawmakers have continued advancing crypto reforms designed to bring digital assets closer to traditional financial markets through tax changes and an ETF framework.

Bitcoin (BTC) can hit up to $80,000 by August, a new prediction says as data lays out key nearby BTC price levels.

Key points:

• Bitcoin can continue to $70,000 and higher next month if it clears nearby resistance, says new analysis.
• Market participants identify the most significant support and resistance levels now circling spot price.
• A macro tide could be the spark to ignite the next move higher this week.

BTC price roadmap sees $68,000 within two weeks

In an X update on Wednesday, crypto trader and analyst Michaël van de Poppe said that BTC/USD was successfully defending “crucial” support.

“It’s holding the crucial level at $61,000 and flipping important MAs for support, indicating that there’s more momentum on the horizon,” he wrote, referring to moving average trend lines. 

“I’m expecting to see a rally to $68,000 in the next 1-2 weeks, followed by a continuation towards $75,000-80,000 in August.”

BTC/USDT one-day chart. Source: Michaël van de Poppe/X

Van de Poppe’s first target coincides with exchange order-book liquidity hurdles that price would encounter if it were to break out of its local range.

Updating X followers on whale orders, monitoring resource CoinGlass showed the area at $67,000 and above as key for the cohort. Support, meanwhile, sat principally between $63,500 and $63,800.

BTC/USDT 15-minute chart with whale orders. Source: CoinGlass

Others remained cautious, with declining spot-market volume causing suspicion about the strength of the latest gains.

“Wouldn’t get excited about this pump, this can easily end up being a failed auction above value area,” commentator Exitpump warned on Tuesday.

BTC/USDT perpetual contract one-hour chart. Source: Exitpump/X

Previously, trader and analyst Rekt Capital warned that July strength should reverse by August as Bitcoin repeats standard bear-market behavior.

QCP Capital: Crypto market still needs “conviction”

In market research issued on Monday, trading company QCP Capital suggested that a macro “catalyst” could be all that was needed to propel crypto higher.

Related: Bitcoin bear market will bottom when two-month RSI metric hits zero, trader predicts

As Cointelegraph reported, the coming days will see the release of key US inflation data prior to the Federal Reserve’s decision on interest-rate changes at the end of the month. Tuesday’s data came in below expectations, helping to send Bitcoin back toward $65,000.

“Should this week’s macro data and earnings continue to validate the bullish narrative, improving risk sentiment could spill over into digital assets as investors rotate into markets that have lagged the broader equity rally,” QCP wrote. 

“Until then, crypto appears caught between supportive long-term fundamentals and a market still waiting for conviction.”

Commodity-linked currencies strengthened after US inflation data came in weaker than expected. The Consumer Price Index (CPI) slowed to 3.5% year-on-year in June, below the 3.8% forecast, while core inflation eased to 2.6% versus expectations of 2.8%. On a monthly basis, headline CPI unexpectedly fell by 0.4%, while core CPI was unchanged. The moderation in inflationary pressure increased expectations that the Federal Reserve may adopt a more accommodative policy stance, putting pressure on the US dollar and supporting both the Australian and Canadian dollars against the greenback.

However, despite the weaker US dollar, the next move in USD/CAD will largely depend on the Bank of Canada’s policy decision. Later today, the central bank will announce its interest rate decision, publish its updated Monetary Policy Report, and hold a press conference with the Governor. If policymakers maintain a cautiously hawkish tone on inflation, the Canadian dollar could receive additional support. Conversely, a more dovish message may limit CAD gains despite the broader weakness in the US dollar.

Market participants will also focus on the release of the US Producer Price Index (PPI), which will provide further insight into inflation trends following the softer CPI report. In addition, US crude oil inventory data could influence USD/CAD, as oil prices traditionally have a significant impact on the Canadian dollar.

AUD/USD

The AUD/USD pair continues to develop the bullish engulfing reversal pattern. Yesterday, buyers managed to test the key resistance level around 0.7000. If the pair secures a sustained break above this level, the rally could extend towards the 0.7080–0.7130 area. The bullish scenario would be invalidated by a move below 0.6900.

Key events for AUD/USD:

• Today at 14:00 (GMT+3): US MBA Mortgage Market Index
• Today at 15:30 (GMT+3): US Producer Price Index (PPI)
• Today at 15:45 (GMT+3): Speech by FOMC member John Williams

USD/CAD

Following confirmation of the bearish tower top reversal pattern, selling pressure on USD/CAD intensified, reinforced by the weaker-than-expected US inflation data. As a result, the pair declined below 1.4100. Technical analysis suggests there is scope for a further move lower towards the 1.3960–1.4020 area. A decisive break back above 1.4120 could revive the bullish outlook.

Key events for USD/CAD:

• Today at 16:45 (GMT+3): Bank of Canada interest rate decision
• Today at 17:30 (GMT+3): US Crude Oil Inventories
• Today at 17:30 (GMT+3): Bank of Canada press conference

Overall, the weaker US inflation report strengthened expectations of a more accommodative Federal Reserve, weighing on the US dollar and supporting commodity-linked currencies. However, the next moves in AUD/USD and USD/CAD will depend on upcoming economic data and the Bank of Canada’s policy guidance.

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Just a few short years ago, the crypto hype was strong. VCs were eager to pour money into solutions for scalability, data availability, and any number of buzzwords.

Since then, the advent of powerful AI models and prolonged bear markets have taken the wind out of crypto’s sails and many chains which promised the future are now as good as forgotten.

One keen-eyed X user, crypto marketer Stacy Muur, noted the staggering $500 million invested across six blockchain projects which, together, have produced a total of just $360 in blockchain fees in the past 24 hours.

Read more: AscendEx shutdown: Uncertainty over withdrawals as hot wallets lack funds

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The claim caught Protos’ eye, so we took a look at the six companies to see where it all went wrong.

Berachain

Berachain is a blockchain born as a spinoff of the 2021-era Bong Bears NFT collection. It claims to be the first proof-of-liquidity based chain, and aims to be a “growth engine for onchain businesses.”

The project raised a total of $142 million across two rounds in 2023 and 2024. 

However, according to its most recent EoY statement, the project has struggled amidst issues with sentiment, shrinking crypto-native TAM and “increased skepticism around the value of infrastructure as a whole.”

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Since launching in early 2025, its BERA token is down 98%.

Berachain was among the networks caught up in November’s devastating Balancer hack, leading validators to temporarily halt the network.

Later that same month, it was revealed that one of the backers, Brevan Howard’s Nova Digital, was granted a one year, risk-free refund right on its $25 million investment.

Read more: Balancer exploit drains $129M in DeFi disaster

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Celestia

Celestia was seen as a hot ticket back in 2023 when “data availability” was the buzzword du jour.

Part of the Cosmos ecosystem, it promises bespoke, high throughput, modular chains “for companies with internet-scale traffic.”

It raised first $1.5 million in 2021, a further $50 million in 2022 and finally $100 million in 2024.

Its much-hyped token launch was one of the first rays of light following a deep bear market sparked by the catastrophic crypto collapses of 2022.

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Despite initially surging around 10x in its first months to an all-time high of over $20, TIA eventually bled approximately 98%, sitting today at $0.40.

Scroll raised a total of $83 million over three funding rounds, the latest of which brought the Ethereum L2 to a $1.8 billion valuation in March 2023.

It made just $24 in fees yesterday.

The zkEVM layer two hit a peak TVL of $585 million as users enthusiastically farmed an ultimately disappointing airdrop. In the aftermath, the network lost around 75% of its TVL within a couple of months.

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There’s currently just under $12 million on the chain.

Eclipse

Eclipse billed itself as “Solana on Ethereum,” an SVM layer two network which would pair Solana’s performance with Ethereum’s liquidity.

Developer Eclipse Labs raised a total of $65 million, most of which came in a $50 million Series A, led by Placeholder and Hack VC, in March 2024.

DeFiLlama data shows the chain’s TVL peaking at almost $50 million in late February last year. It’s currently down to just $1.15 million, a drop of approximately 98%.

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The project’s most recent blog post is from a year ago, announcing the launch of its token ES, and an airdrop. Eclipse Labs has since pivoted to development of The Human API, a marketplace for AI agents to hire humans.

Sonic

Launched as Fantom by controversial developer Andre Cronje, founder of DeFi stalwart Yearn Finance, the fast, low-cost network migrated to Sonic in 2024. It raised a total of $61 million across six rounds between 2018 and 2024, according to ICODrops.

As Fantom, it took a hit in the Multichain debacle, with many bridged assets depegged from their native versions.

Fantom’s peak TVL reached a staggering $7.9 billion in 2022 and now sits at just under $5 million. Sonic’s hit $1.2 billion last spring, but has since dropped to $16 million.

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Cronje’s involvement with Sonic terminated last month and he’s spent much of the last 18 months building Flying Tulip.

Read more: Andre Cronje says someone stole his code to build a $1B DeFi project

Manta

ZK-focused Manta raised a total of $60 million across four rounds between 2021 and 2023. 

Its TVL chart is dramatic, highlighting an intense, heavily gamified airdrop campaign, which saw over $650 million poured into the chain.

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Just a few weeks before its peak, TVL sat at under $20 million. Likewise, within four months, it was back below $50 million once again. Today, just $4 million is held on the chain.

Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on X, Bluesky, and Google News, or subscribe to our YouTube channel.

The United Kingdom has set an early 2027 target to issue its first digital sovereign bond on distributed-ledger infrastructure, becoming the first G7 country to launch government debt in tokenized form.

According to Chancellor Rachel Reeves, who announced the plan during her annual Mansion House speech, the government intends to follow the first issuance with additional digital gilt sales if the pilot progresses as expected.

The Digital Gilt Instrument, or DIGIT, will be a sterling-denominated government bond issued on HSBC’s Orion blockchain platform. It will operate within the Bank of England and Financial Conduct Authority’s Digital Securities Sandbox, a testing environment created for digital securities.

The Treasury introduced the pilot in 2024 to examine whether distributed-ledger technology could shorten settlement times, reduce reconciliation work and lower operating costs across government debt markets. HSBC secured the mandate to operate the platform in February after issuing more than $3.5 billion of digital bonds through Orion.

Speaking at the same event, Bank of England Governor Andrew Bailey said the central bank will work toward making DIGIT eligible as collateral in its market operations. According to Bailey, that step could support tokenized repurchase agreements while allowing banks to use the security in central bank funding transactions.

The Treasury has not disclosed the size, maturity, coupon, investor eligibility, or settlement asset for the bond. Officials said the initial issuance will sit outside the government’s conventional gilt financing program.

Digital bond plans follow tokenization push

The planned bond sale comes as the UK expands its work on tokenized financial markets beyond pilot projects.

Earlier this week, the UK and the United States published a joint statement committing to closer cooperation on stablecoin regulation, cross-border payments and tokenized finance through the Transatlantic Taskforce for Markets of the Future.

According to the joint statement, both governments plan to explore how regulated stablecoins issued in one country could access the other market while maintaining separate domestic regulatory frameworks. The two countries also agreed to seek common approaches for tokenized securities settlement and examine whether stablecoins or tokenized money market funds could serve as collateral in clearing markets.

The statement said stablecoins presented as money should maintain at least a one-to-one backing with high-quality liquid assets, while reserve assets should remain separate from issuers’ corporate funds. Officials also said holders should receive timely redemptions and clear legal protections if an issuer fails.

Although the stablecoin agreement does not create automatic market access or mutual recognition, it outlines a framework for regulators to reduce unnecessary barriers to cross-border tokenized financial services while each country completes its own regulatory process.