Widespread adoption of PayPal's stablecoin may take time

Between December 19 and 20, the crypto market plunged once again. Bitcoin fell below the $93,000 mark, while ETH lost 30% over a few days, declining from $4,100 to nearly $3,100. The last time ETH reached this price was a month ago.

New EU regulations on crypto assets, set to take effect in a few days, are already reshaping the stablecoin market. Many European crypto exchanges are delisting USDT to comply with MiCA requirements, leaving investors searching for alternative stable assets.

Actions by Germany's BayLDA against the decentralized identification project World, co-founded by OpenAI CEO Sam Altman, reveal the state’s push to monopolize the collection and storage of personal data, particularly sensitive biometric information.