PayPal Holdings, Inc. is enhancing its service by allowing U.S. merchants (excluding New York State) to buy, hold, and sell cryptocurrency directly from their business accounts, reflecting strong merchant interest in digital currencies. This initiative is part of PayPal’s ongoing commitment to cryptocurrency adoption, following previous steps like enabling consumer crypto transactions in 2020 and launching PayPal USD (PYUSD). With the recent integration on the Solana blockchain, businesses gain greater flexibility and control over their cryptocurrency transactions, further solidifying PayPal's role in the evolving digital currency landscape.

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Saudi Arabia has been recognized as the fastest-growing crypto economy in the Middle East and North Africa (MENA) for the second consecutive year, achieving a remarkable 154% year-over-year growth rate, surpassing the UAE. This growth is largely driven by the country's youthful population, with 63% of citizens under 30, who are more receptive to new financial technologies. Unlike many regional counterparts, Saudi Arabia and Qatar's crypto landscape is primarily fueled by decentralized finance (DeFi) platforms due to limited regulations for virtual asset service providers. While institutional and professional investors dominate the market, with over 93% of transactions exceeding $10,000, the total on-chain value in MENA stands at $338.7 billion, accounting for only 7.5% of the global market, reflecting Saudi Arabia's increasing influence in the crypto sector.

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$BITCOIN’s price tumbled below $63,000 yesterday, but the bulls seem back in control as they have pushed the asset toward $64,000 once again.