{"id":7943,"date":"2025-04-07T11:19:13","date_gmt":"2025-04-07T11:19:13","guid":{"rendered":"https:\/\/paybis.com\/blog\/?p=7943"},"modified":"2025-04-07T11:21:33","modified_gmt":"2025-04-07T11:21:33","slug":"paybis-weekly-crypto-digest-2","status":"publish","type":"post","link":"https:\/\/paybis.com\/blog\/paybis-weekly-crypto-digest-2\/","title":{"rendered":"This Week in Crypto: BTC Dips, FTX Fallout &amp; Tether Buys Big"},"content":{"rendered":"\n<p>The Paybis Weekly Digest is back and we\u2019re here to report on another eventful week in the crypto world. Tether\u2019s printing press is rolling again, Ethereum\u2019s next big upgrade is just around the corner, and hackers continue to wreak havoc across DeFi platforms. Let\u2019s get into the latest updates.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7943-_v9eh4b6d3lr3\"><\/a>Tether Prints Another Billion USDT<\/h2>\n\n\n\n<p>Tether, the issuer of the world\u2019s largest stablecoin, has printed an additional <a href=\"https:\/\/blockchain.news\/flashnews\/tether-prints-1-billion-usdt-potential-market-impact\">1 billion USDT<\/a>. The company claims the new tokens are part of its inventory replenishment for upcoming issuance requests. Historically, large USDT minting events tend to precede increased market activity and can be seen as bullish indicators. However, critics continue to raise concerns over transparency and the potential market impact.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7943-_sqf02smsp987\"><\/a>zkLend Hacker Gets Hacked Right Back<\/h2>\n\n\n\n<p>In one of the most ironic twists of the year, a hacker who drained <a href=\"https:\/\/www.ccn.com\/news\/crypto\/zklend-hacker-prey-phishing-scam-lose-stolen-eth\/\">2,930 ETH (around $5.4M)<\/a> from zkLend ended up losing it all within hours. The attacker attempted to launder the stolen funds via TornadoCash but accidentally used a phishing site impersonating the real one. As a result, a second hacker hijacked the wallet and made off with the entire stash.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7943-_jwtcdaosd1a4\"><\/a>Tether Buys 8,888 BTC in Q1<\/h2>\n\n\n\n<p><a href=\"https:\/\/paybis.com\/buy-tether-trc20\/?utm_source=blog&amp;utm_medium=weekly-digest&amp;utm_campaign=2\">Tether<\/a> has also been making big moves on the investment front, <a href=\"https:\/\/cointelegraph.com\/news\/tether-buys-bitcoin-q1-2025-holdings-top-8-billion\">purchasing 8,888 BTC in Q1 2025<\/a>. This brings the company\u2019s total Bitcoin holdings to 92,467 BTC, worth several billion dollars at current prices. Tether says this is part of a broader strategy to back its reserves with hard assets and reduce reliance on traditional cash equivalents.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7943-_9xq5c25056c\"><\/a>UPCX Loses $70M in Devastating Hack<\/h2>\n\n\n\n<p>Decentralized crypto platform UPCX was breached this week, resulting in a loss of approximately <a href=\"https:\/\/cybernews.com\/crypto\/70m-theft-hits-upcx\/\">$70 million in digital assets<\/a>. Hackers exploited a vulnerability in the platform\u2019s smart contracts, draining liquidity pools across several tokens. The team has since paused operations and launched an investigation, but recovery prospects remain uncertain.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7943-_ifihnzduazvi\"><\/a>Teacher Accidentally Throws Away $3.8M in BTC<\/h2>\n\n\n\n<p>A British teacher accidentally threw away a flash drive that held Bitcoin now worth <a href=\"https:\/\/e.vnexpress.net\/news\/tech\/tech-news\/british-woman-throws-away-partner-s-3-8m-bitcoin-fortune-during-home-clean-up-4869582.html\">$3.8 million<\/a>. She reportedly wanted to surprise her husband by clearing out old junk from their home, not realizing the USB contained a digital fortune. The couple discovered the loss too late, and the flash drive is now believed to be in a landfill.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"544\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2025\/04\/Crypto-Pepe-Meme.jpg\" alt=\"\" class=\"wp-image-7945\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2025\/04\/Crypto-Pepe-Meme.jpg 680w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2025\/04\/Crypto-Pepe-Meme-300x240.jpg 300w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2025\/04\/Crypto-Pepe-Meme-150x120.jpg 150w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><a href=\"http:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fpaybis.com%2Fblog%2Fpaybis-weekly-crypto-digest-2%2F&media=https%3A%2F%2Fpaybis.com%2Fblog%2Fwp-content%2Fuploads%2F2025%2F04%2FCrypto-Pepe-Meme.jpg&description=This+Week+in+Crypto%3A+BTC+Dips%2C+FTX+Fallout+%26amp%3B+Tether+Buys+Big\" class=\"pin-it-button\" target=\"_blank\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12.289,2C6.617,2,3.606,5.648,3.606,9.622c0,1.846,1.025,4.146,2.666,4.878c0.25,0.111,0.381,0.063,0.439-0.169 c0.044-0.175,0.267-1.029,0.365-1.428c0.032-0.128,0.017-0.237-0.091-0.362C6.445,11.911,6.01,10.75,6.01,9.668 c0-2.777,2.194-5.464,5.933-5.464c3.23,0,5.49,2.108,5.49,5.122c0,3.407-1.794,5.768-4.13,5.768c-1.291,0-2.257-1.021-1.948-2.277 c0.372-1.495,1.089-3.112,1.089-4.191c0-0.967-0.542-1.775-1.663-1.775c-1.319,0-2.379,1.309-2.379,3.059 c0,1.115,0.394,1.869,0.394,1.869s-1.302,5.279-1.54,6.261c-0.405,1.666,0.053,4.368,0.094,4.604 c0.021,0.126,0.167,0.169,0.25,0.063c0.129-0.165,1.699-2.419,2.142-4.051c0.158-0.59,0.817-2.995,0.817-2.995 c0.43,0.784,1.681,1.446,3.013,1.446c3.963,0,6.822-3.494,6.822-7.833C20.394,5.112,16.849,2,12.289,2\"><\/path><\/svg><\/a><\/picture><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/x.com\/PepeM2k\/status\/1889632101990863287\">X Social Platform<\/a><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7943-_ffdroz7m4d3v\"><\/a>Ethereum\u2019s Pectra Upgrade Set for May 7<\/h2>\n\n\n\n<p>Ethereum\u2019s next major network upgrade Pectra is officially scheduled to go live on <a href=\"https:\/\/www.coindesk.com\/tech\/2025\/04\/02\/ethereum-developers-lock-in-may-7-for-pectra-upgrade\">May 7, 2025<\/a>. The update is expected to enhance transaction efficiency and lay groundwork for future scaling improvements. Developers say it also includes changes to validator incentives and minor protocol tweaks. While not as groundbreaking as past upgrades like Merge or Dencun, Pectra is a key step in Ethereum\u2019s long-term roadmap.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7943-_qx0szcwkxbsr\"><\/a>USDC Becomes Default for Binance Pay Users<\/h2>\n\n\n\n<p>In a move that could boost stablecoin adoption, <a href=\"https:\/\/www.binance.com\/en\/square\/post\/22431699976073\">USDC has been set as the default currency<\/a> for all new Binance Pay users. The integration aims to provide a more stable and familiar experience for crypto payments, especially for users in regions affected by fiat volatility. USDC is issued by Circle and is known for its regulatory transparency and full dollar backing. This shift could position USDC as a top choice for on-chain payments and everyday transactions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7943-_eas51je98sf1\"><\/a>FTX Cancels 392,000 Claims Due to Failed KYC<\/h2>\n\n\n\n<p>FTX has invalidated around 392,000 customer claims totaling more <a href=\"https:\/\/www.livebitcoinnews.com\/ftx-cancels-nearly-392000-customer-claims-over-kyc-failure\/\">than $2.5 billion<\/a>, citing incomplete or failed KYC (Know Your Customer) verification. The move has sparked understandable outrage among former users hoping to recover funds lost during the exchange&#8217;s collapse. FTX stated that only verified claimants are eligible for compensation, aligning with court-mandated restructuring procedures.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7943-_f2h0tqm3pmlk\"><\/a>Bitcoin Slips Below $80K<\/h2>\n\n\n\n<p>After a record-setting Q1, <a href=\"https:\/\/paybis.com\/?utm_source=blog&amp;utm_medium=weekly-digest&amp;utm_campaign=2\">Bitcoin<\/a> has pulled back and is now trading <a href=\"https:\/\/www.timesnownews.com\/business-economy\/crypto-markets-rattle-as-bitcoin-slides-below-80k-amid-global-sell-off-tether-tops-in-trading-volume-article-151363187\">below the $80,000 mark<\/a>. Analysts attribute the dip to profit-taking and cautious sentiment ahead of macroeconomic data releases. Some traders also point to regulatory uncertainty and recent hacking incidents as contributing factors. Still, long-term bullish sentiment remains intact, with many calling the current phase a healthy consolidation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7943-_18tk9j6cecvd\"><\/a>About Paybis<\/h2>\n\n\n\n<p>Paybis is a global cryptocurrency exchange platform that provides fast, secure, and user-friendly digital asset transactions. Founded in 2014, the company specializes in fiat-to-crypto and crypto-to-fiat conversions, enabling users to buy, sell, and swap Bitcoin, Ethereum, and other cryptocurrencies using various payment methods, including credit\/debit cards, bank transfers, and e-wallets.<\/p>\n\n\n<div class=\"text-bg-color\" id=\"block_7038301054765f9b5cc281cae25fd966\">\r    <div class=\"text-bg-color__content\">\r                <p style=\"text-align: center;\"><strong>Try out <\/strong><a href=\"https:\/\/paybis.com\/?utm_source=blog&amp;utm_medium=weekly-digest&amp;utm_campaign=2\"><strong>Paybis<\/strong><\/a><strong> now to buy, sell, swap, and manage your favorite cryptos.<\/strong><\/p>\n    <\/div>\r<\/div>\n\n\n<p>With a strong focus on security and compliance, Paybis is registered with regulatory authorities and implements industry-leading AML\/KYC procedures. The platform is known for its intuitive interface, 24\/7 customer support, and competitive exchange rates, making it a preferred choice for both beginners and experienced traders.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7943-_knsy2tdlvt2\"><\/a>Summing Up<\/h2>\n\n\n\n<p>While the updates we mentioned in our latest weekly digest are certainly highlights, the crypto world doesn\u2019t sleep. From regulatory changes, to market dynamic shifts, new tech developments, and security risks, there\u2019s not a single calm day. Check back in next week for more weekly highlights!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Paybis Weekly Digest is back and we\u2019re here to report on another eventful week in the crypto world. Tether\u2019s printing press is rolling again, Ethereum\u2019s next big upgrade is just around the corner, and hackers continue to wreak havoc across DeFi platforms. Let\u2019s get into the latest updates. Tether Prints Another Billion USDT Tether, [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":7944,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[132,193],"tags":[254,323],"businesses_tag":[],"class_list":["post-7943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-individuals","category-news","tag-trending","tag-weekly-digest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Paybis Weekly Crypto Digest #2 - Paybis Blog<\/title>\n<meta name=\"description\" content=\"Catch up on the latest crypto news, market insights, and the biggest updates from last week. Read our Weekly Crypto Digest #2 to learn more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/paybis.com\/blog\/paybis-weekly-crypto-digest-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paybis Weekly Crypto Digest #2 - Paybis Blog\" \/>\n<meta property=\"og:description\" content=\"Catch up on the latest crypto news, market insights, and the biggest updates from last week. Read our Weekly Crypto Digest #2 to learn more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/paybis.com\/blog\/paybis-weekly-crypto-digest-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Paybis Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Paybis\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-07T11:19:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-07T11:21:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2025\/04\/word-image-7943-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1289\" \/>\n\t<meta property=\"og:image:height\" content=\"610\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Sergey Zhuk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@zhukserega\" \/>\n<meta name=\"twitter:site\" content=\"@paybis_com\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sergey Zhuk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/paybis.com\/blog\/paybis-weekly-crypto-digest-2\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/paybis.com\/blog\/paybis-weekly-crypto-digest-2\/\"},\"author\":{\"name\":\"Sergey Zhuk\",\"@id\":\"https:\/\/paybis.com\/blog\/#\/schema\/person\/b11d4cc30cc536897ef4e6a58c39ba84\"},\"headline\":\"This Week in Crypto: BTC Dips, FTX Fallout &amp; Tether Buys Big\",\"datePublished\":\"2025-04-07T11:19:13+00:00\",\"dateModified\":\"2025-04-07T11:21:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/paybis.com\/blog\/paybis-weekly-crypto-digest-2\/\"},\"wordCount\":806,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/paybis.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/paybis.com\/blog\/paybis-weekly-crypto-digest-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2025\/04\/word-image-7943-1.png\",\"keywords\":[\"Trending\",\"Weekly Digest\"],\"articleSection\":[\"Individuals\",\"Industry News &amp; Updates\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/paybis.com\/blog\/paybis-weekly-crypto-digest-2\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/paybis.com\/blog\/paybis-weekly-crypto-digest-2\/\",\"url\":\"https:\/\/paybis.com\/blog\/paybis-weekly-crypto-digest-2\/\",\"name\":\"Paybis Weekly Crypto Digest #2 - Paybis Blog\",\"isPartOf\":{\"@id\":\"https:\/\/paybis.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/paybis.com\/blog\/paybis-weekly-crypto-digest-2\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/paybis.com\/blog\/paybis-weekly-crypto-digest-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2025\/04\/word-image-7943-1.png\",\"datePublished\":\"2025-04-07T11:19:13+00:00\",\"dateModified\":\"2025-04-07T11:21:33+00:00\",\"description\":\"Catch up on the latest crypto news, market insights, and the biggest updates from last week. 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