paxos

Paxos Labs has spun off from the stablecoin issuer Paxos and raised $12 million, led by Blockchain Capital, with participation from Robot Ventures, family office Maelstrom, and DeFi developer Uniswap Labs.Paxos Labs co-founder Bhaumik Kotecha declined to disclose the valuation of this funding round. Paxos CEO Chad Cascarilla is also the CEO of Paxos Labs, which will primarily provide services for large enterprises to create and manage their own stablecoins.

According to Arkham data, at 02:12, 1000 PAXG (worth approximately $4.3886 million) was transferred from Paxos to B2C2 Group.

According to market news, the World Gold Council, established in 1987, is collaborating with the Boston Consulting Group to propose a "Gold as a Service" framework aimed at establishing standards for tokenized gold, challenging crypto-native issuers such as Tether Gold and PAX Gold.This service will provide a shared network that allows companies issuing tokenized gold to access a unified platform for managing physical reserves, enhancing trust through continuous audits, and establishing interchangeability between products. Currently, the tokenized gold market, dominated by Paxos and Tether, has a total market capitalization of approximately $4.9 billion, with each having established independent custody and issuance systems.The World Gold Council previously launched the first physical gold ETF in the U.S., SPDR Gold Shares, in 2004, which currently has a market capitalization of $126 billion. The council stated that the new service could lower the entry barriers for issuers and is expected to give rise to hundreds of tokenized gold products.

According to Arkham data, at 23:54, 1000 PAXG (worth approximately 4.588 million USD) was transferred from Paxos to B2C2 Group.

According to Arkham data, at 04:20, 785.27 PAXG (worth approximately 3.93 million USD) was transferred from Null Address to Paxos.

According to Arkham data, at 22:52, 802.86 PAXG (worth approximately 4.1861 million USD) was transferred from Null Address to Paxos.

According to PR Newswire, risk management and insurance broker Aon has completed its first pilot for premium payments using stablecoins, demonstrating how stablecoin technology can support more efficient cash flow. This pilot was led by Aon's digital assets division and collaborated with Coinbase and Paxos to settle premiums for their respective insurance programs.Transactions were executed across multiple blockchain networks, including USDC on Ethereum and PayPal USD (PYUSD) on Solana, showcasing flexibility between different stablecoins and blockchains. This initiative is supported by the federal stablecoin framework established by the GENIUS Act, passed in 2025.Aon stated that this work aims to assess how regulated stablecoin settlements can be integrated into insurance services to achieve faster settlement times, higher payment efficiency, and enhance risk management in the evolving landscape of digital finance.

According to Arkham data, at 22:53, 435 PAXG (worth approximately 2.25 million USD) was transferred from Paxos to Cumberland DRW.

According to Arkham data, between 23:33 and 23:37, Paxos transferred three transactions of PAXG to Binance, totaling 3707 tokens (worth approximately 18.45 million USD).At 23:33, 2208 PAXG (worth approximately 11.19 million USD) was transferred from Paxos to Binance.At 23:34, 754 PAXG (worth approximately 3.82 million USD) was transferred from Paxos to Cumberland DRW.At 23:34, 685 PAXG (worth approximately 3.47 million USD) was transferred from Paxos to Binance.

According to The Block, Paxos Labs has partnered with the privacy-focused Layer 1 network Aleo to launch a native privacy-protecting stablecoin, USAD, based on Aleo's ZK technology.This move comes amid growing attention to institutional-level privacy solutions, as businesses seek to leverage the advantages of blockchain assets without sacrificing transaction details. Notably, Circle has also chosen Aleo to pilot its privacy-protecting version of the USDC stablecoin, named USDCx.

According to Arkham data, at 22:53, 407.73 PAXG (worth approximately 2 million USD) was transferred from Null Address to Paxos.

According to Arkham data, at 21:32, 3250.05 PAXG (worth approximately 15.8 million USD) was transferred from Null Address to Paxos.

According to Arkham data, at 00:11, 5923.47 PAXG (worth approximately 29.28 million USD) was transferred from Null Address to Paxos.

According to Arkham data, at 23:21, 2888 PAXG (worth approximately 14.32 million USD) was transferred from Paxos to Binance.

According to Lookonchain monitoring, 15 minutes ago, the ancient Bitcoin whale "1NY5Kh" transferred all of its holdings of 2,819 BTC, worth approximately $213 million, after being dormant for 8 years. Among them, 1,500 BTC were deposited into Paxos, approximately $114 million.

According to Arkham data, at 23:28, 2440.67 PAXG (worth approximately $12.3695 million) was transferred from an anonymous address (starting with 0x0000...) to Paxos. Subsequently, at 23:21, Paxos transferred 2393.93 PAXG (worth approximately $12.119 million) to an anonymous address (starting with 0x0000...).

According to Arkham data, at 23:03, 9027.14 PAXG (worth approximately 46.15 million USD) was transferred from Null Address to Paxos.

According to Arkham data, at 07:33, 3,759 PAXG (worth approximately 19.53 million USD) was transferred from Paxos to Binance.

According to Arkham data, at 10:49, 2224.89 PAXG (worth approximately 11.17 million USD) was transferred from Paxos to Binance.