Jupiter Exchange has integrated PayPal’s PYUSD, expanding its digital asset offerings and improving transaction capabilities. The platform is also launching CLOUD and DBR tokens on its LFG launchpad.
Additionally, key votes on JUP token supply and ASR renewal are approaching. In the stock trading space, Roaring Kitty’s 6.6% stake in Chewy has triggered a 34% stock rally, highlighting significant developments.
Jupiter Exchange Integrates PayPal’s PYUSD Stablecoin
Jupiter Exchange has announced the integration of PayPal’s new stablecoin, PYUSD, into its decentralized exchange (DEX) as of July 1. This move marks a significant expansion of Jupiter’s digital asset offerings and enhances the platform’s transaction capabilities.
Source: X
With PYUSD now integrated, Jupiter users can access PayPal’s stablecoin across all payment platforms associated with Jupiter, including Sphere Labs and Helio Pay. This addition aims to offer more transaction options and potentially boost the platform’s user base and transaction volume.
The partnership between Jupiter and PayPal underscores a growing trend of traditional financial institutions entering the digital asset space, paving the way for future collaborations.
Jupiter Exchange Announces Upcoming Events and Token Launches
Jupiter Exchange has outlined several key events planned for the next two months. In mid-July, the CLOUD token from Sanctumso will make its debut on Jupiter’s LFG launchpad. The exchange will also conduct three important votes and introduce two new tokens during this period, while also rewarding Catdets.
July will feature the first Active Staking Rewards (ASR) claim for those who participated in voting on proposals from March to June. Additionally, the month will see the inaugural J4J vote, which will focus on reducing long-term emissions and cutting the JUP token supply by 30%.
In August, Jupiter will hold a vote on the future of Jupuaries, where users who engage with Jupiter products will receive a JUP airdrop. The month will also see the launch of the $DBR token by deBridgeFinance on the LFG launchpad and conclude with a vote on extending ASR beyond the initial two quarters.
Source: X
Roaring Kitty’s Chewy Stake Sparks Stock Rally
Roaring Kitty, also known as Keith Gill, has made headlines again with his recent SEC 13G filing, revealing his ownership of 9,001,000 shares in Chewy (CHWY), which represents 6.6% of the company. The filing, dated June 28, identifies Gill as an individual investor with a substantial stake in the pet supply firm.
Gill, who gained notoriety for his role in the GameStop stock rally, has resurfaced in the public eye after a three-year absence. His significant investment in Chewy has resulted in a 34% increase in the stock’s value, with his stake now worth approximately $245 million. These developments underscore ongoing trends and shifting interests in both the digital asset and stock trading sectors.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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