PayPal launches ERC20 stablecoin ‘PYUSD’ with Paxos
PayPal launches ERC20 stablecoin ‘PYUSD’ with PaxosPayPal pushes the digital currency frontier with USD-backed stablecoin, fostering seamless conversion and regulated transactions.
Happy Monday!The global crypto market cap is $1.15 trillion, with a 24-hour volume of $28.72 billion. The price of Bitcoin is $28,817.44, and BTC market dominance is 48.8%. The price of Ethereum is $1,809.74, and ETH market dominance is 18.9%. The best-performing sector is Sports, which gained 189%. The Crypto Fear & Greed Index is currently Neutral (49). Top News
PayPal launches ERC20 stablecoin ‘PYUSD’ with PaxosPayPal pushes the digital currency frontier with USD-backed stablecoin, fostering seamless conversion and regulated transactions. Bitcoin perpetual futures funding rate soars in August: Here’s what this meansAugust saw a sharp upturn in Bitcoin perpetual futures funding rate, highlighting its correlation with Bitcoin price movements. Huobi insolvency rumors denied as USDT reserves decline on all exchanges except BinanceHuobi struggles to maintain trust amid accusations of artificially boosting DeFi applications with undisclosed reserves. Latest Insights
More NewsLargest Bitcoin ETP outflow since March as profit taking continuesDigital asset market reports largest Bitcoin outflow since March, while altcoins witness promising inflows. Curve Finance opens $1.85M bounty to public for help recovering funds after DeFi exploitsDeFi projects are reducing exposure to Curve's embattled CRV token. MakerDAO DAI supply gains $200M as interest rate surges to 8%The high interest rate would be unavailable to U.S. citizens and VPN users.
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Decoding volatility: Are big tech stocks as stable as we think?
Sunday, August 6, 2023
CryptoSlate's latest market report dives deep into stock volatility to analyze just how different the ups and downs of the traditional market are from Bitcoin.
Hex loses $500M in market cap after SEC lawsuit; token removed from MetaMask, Uniswap
Saturday, August 5, 2023
Crypto platforms, Uniswap and MetaMask, have dropped support for the embattled HEX token.
SEC chair Gary Gensler pivots agency’s attention to AI: “We can get to crypto later”
Friday, August 4, 2023
The SEC chair called AI the "most transformative technology of this generation" and stressed the need to prepare for its influence on financial markets.
Elizabeth Warren pressures Treasury, IRS for swift action on $50B crypto tax loophole
Thursday, August 3, 2023
Warren's urgent call for safeguarding billions in tax revenue hinges on immediate crypto tax regulation.
Countdown to Litecoin halving today, is ‘digital silver’ ready to break out?
Wednesday, August 2, 2023
Litecoin's third halving looms as 'digital silver' balances anticipation and uncertainty
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