Paxos Expands PYUSD Supply on Ethereum with 100 Million Token Issuance Recent blockchain activity tracked by monitoring platforms reveals that Paxos has issued an additional 100 million PYUSD stablecoins on the Ethereum network, valued at approximately 100.04 million USD. **Latest PYUSD Market Data** PayPal USD (PYUSD), the stablecoin developed by Paxos, continues to maintain its peg with the following metrics as of January 19, 2026: - **Price**: $1.00 - **Circulating Supply**: 3,725,233,298 tokens - **24-Hour Trading Volume**: $22.63K **What This Means** The fresh issuance of 100 million PYUSD represents a significant addition to the stablecoin's total circulation. This expansion of Paxos's stablecoin infrastructure on Ethereum underscores the growing demand for PayPal-backed digital currency alternatives in the blockchain ecosystem. The maintained $1.00 price point demonstrates the stability mechanism's effectiveness during supply growth periods.

Hyperliquid Whale Long-Short Battle Heats Up, Bears Slightly Lead ChainCatcher data shows that the total holdings of major players on the Hyperliquid platform have reached $5.396 billion, but the long-short landscape is showing a subtle balance. The long positions amount to $2.602 billion, accounting for 48.23%, while the short positions are $2.794 billion, accounting for 51.77%, with bears slightly ahead. From the profit and loss perspective, the situation appears even more complex. The long camp has currently incurred a total loss of $234 million, while the short camp has gained $303 million, highlighting a stark contrast in earnings and indicating that recent short strategies have been relatively effective. A noteworthy whale operation involves address 0xb317..ae, which previously held a 5x full position long ETH at a price point of $3,147.39. The unrealized loss on this position has now reached $44.0829 million, reflecting the pressure on current high-leverage long positions.

**Ethereum Gas Fees Find Relief Following WLFI Token Rollout** Fresh on-chain metrics from Etherscan indicate a notable easing in Ethereum network congestion. The Gas price has receded to 6.64 Gwei just hours after the WLFI token made its network debut, suggesting the initial launch activity didn't create sustained pressure on the blockchain. The retreat in Gas costs signals a return to more moderate fee levels, providing relief for network participants who were bracing for potential congestion spikes. This Gwei reading reflects the current state of transaction demand across Ethereum, with the network absorbing the token launch event without prolonged disruption to gas economics.