A Bloomberg report suggested Italian Prime Minister Giorgia Meloni could accept a proposal for a 28% tax hike on crypto rather than a 42% one.

PayPal's stablecoin, PayPal USD (PYUSD), has now integrated with the LayerZero cross-blockchain bridge, allowing users to transfer assets natively between Ethereum and Solana. This integration enhances the seamless transfer capabilities for those who self-custody their tokens, reducing reliance on centralized platforms. Despite a significant drop in its market cap and distribution shifts, PayPal is actively working to boost PYUSD's adoption and usability within the cryptocurrency ecosystem.