Market report for traders
🔮 BTC, ETH, and Altcoins
Over the last 7 days, Bitcoin ends at AU$181,308 moving -1.25% at the time of writing. Meanwhile, Ethereum ends at AU$5,820 moving +1.07% week-on-week. On the Altcoin side, Solana -10.60%, Dogecoin -16.51%, and XRP -11.19% change.
🗞 What’s happening in the news?
💳 PayPal Pushes Crypto Payments to Slash Fees
PayPal’s upcoming “Pay with Crypto” feature will enable U.S. merchants to accept payments in more than 100 cryptocurrencies, including Bitcoin, Ether, and major stablecoins. Customers will pay in crypto, but merchants will receive U.S. dollars almost instantly. PayPal will charge a 0.99% service fee—roughly 90% cheaper than standard international card processing. Merchants holding PayPal’s PYUSD stablecoin can also earn a 4% annual yield, creating an extra incentive to adopt the feature.
🌐 Vietnam Unveils National Blockchain
Vietnam has rolled out NDAChain, a state-run layer‑1 permissioned blockchain developed by the National Data Association and operated by the Ministry of Public Security’s Data Innovation and Exploitation Center. The network uses 49 validator nodes, split between government agencies and private companies. NDAChain runs on Proof‑of‑Authority consensus with zero‑knowledge proofs for added security. It will power NDA DID, a decentralised identity solution, enabling counterparty verification, digital contract signing, and faster, more secure access to services.
🔥 Solana Co-founder Sparks ‘Digital Slop’ Debat
Solana co-founder Anatoly Yakovenko has drawn criticism after describing memecoins and NFTs as “digital slop” in an online debate, comparing them to loot boxes in mobile games. Despite his comments, memecoins remain central to Solana’s success, accounting for 62% of its decentralised app revenue in June. According to Syndica, a Solana-focused infrastructure and analytics firm, memecoin activity drove most of Solana’s AU$2.46 billion in revenue for the first half of 2025, highlighting the network’s reliance on this sector. Yakovenko has held this view since at least early 2024, but the renewed comment triggered pushback from community members who accused him of mocking the very users who helped Solana grow. Crypto commentator Karbon criticised him, saying, “I find Toly’s approach much more distasteful, actively promoting them constantly while believing they’re worthless.”
📖 What we’ve been reading
Ghana Plans Crypto Firm Licensing in Response to Growing Demand: Bloomberg
The country's central bank is finalizing a regulatory approval to submit to parliament by September. Read more ➔
SEC Delays Decision on Trump-Linked Bitcoin, Grayscale Solana ETFs
The SEC has pushed back its deadline on the Truth Social Bitcoin ETF and Grayscale Solana Trust by several weeks. Read more ➔
Demographics will 'leapfrog' Bitcoin adoption in Pakistan
A young and tech-savvy population, combating inflationary pressures, is driving Bitcoin adoption and a new financial system in Pakistan. Read more ➔
*Disclaimer: The information provided is for educational purposes and does not constitute financial product advice. You should obtain independent advice from an Australian financial services licensee before making any financial decisions.*
