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PayPal Will Support Native Transfer of Crypto External Wallets and Exchanges

Daily Market Wrap

  • Crypto market cap: 1.24 trillion, down 2.29%

  • BTC price stands at USD 30,191, down 3.01%

  • ETH price stands at USD 1,792, down 1.88%

  • Top gainer: Helium (HNT), up 7.30%

  • Top loser: Elrond (EGLD), down 9.53%


News of the Day



PayPal will support native transfer of crypto external wallets and exchanges.

Why it matters:

  • Online payment giant PayPal now allows US customers to transfer crypto assets from their accounts to external wallets and exchanges

  • “This feature has been consistently ranked by users as one of the most requested enhancements since we began offering the purchase of crypto on our platform.” Jose Fernandez da Ponte, the Senior Vice President and General Manager of Blockchain, Crypto & Digital Currencies at PayPal, said in a press release

  • In late 2020, PayPal first offered users the ability to purchase, sell, and hold crypto assets


Crypto daily spotlight


Cosmos-based DeFi Exchange Osmosis Halted Amid $5M Exploit

Brief introduction: Osmosis (OSMO) is an automated market-making protocol (AMM) built using CosmosSDK and IBC technologies, where users can create, construct, design, and deploy individual and highly-customized AMMs with various modules and the on-chain governance system.

Why it matters:

  • The Osmosis network was halted by core developers and validators at 02:57 UTC to prevent further damage from a $5 million exploit

  • “Liquidity pools were NOT ‘completely drained.’ Devs are fixing the bug, scoping the size of losses (likely in the range of ~$5M), and working on recovery. More info to come.” The Osmosis team clarified in a tweet

  • The Osmosis token (OSMO) was 6.96% down and its total value locked (TVL) on the Osmosis blockchain dropped 1% over the past 24 hours


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About Aspen Digital

Aspen Digital is a leading technology and financial services company with a mission to accelerate the mass adoption of digital assets. The company provides a digital asset management solution for asset managers, institutions, and sophisticated investors. Aspen Digital was co-founded by digital assets innovators and asset management veterans at Everest Ventures Group (“EVG”) and TT Bond Partners (“TTB”) in 2021.

For more information, please visit https://www.aspendigital.co/

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