Crypto
Exchanges
Coinbase to list PayPal’s PYUSD stablecoin
The company said that PYUSD could be listed as early as today, Aug. 31.
Stablecoins
Circle’s USDC will launch natively on Optimism, Coinbase’s Base next week
Those launches will be the first of many during Circle's "StableSeptember" event.
Exchanges
Robinhood owns fifth-largest Ethereum wallet, holding $2.54B in ETH
The same address also holds $177 million of other ERC-20 tokens.
DeFi
Uniswap Labs, VC backers cleared of liability in scam token case as judge dismisses complaint
A U.S. District judge has dismissed a class action suit against Uniswap Labs and backers for abetting token scams, concluding that current law did not provide an avenue for enforcing financial liability.
AI
Google leans into AI by expanding Duet, integrating Meta’s Llama, and more
Google Cloud also announced several AI partnerships at its Next '23 conference.
Exchanges
Prosecutors rebuff complaints from Bankman-Fried’s lawyers regarding excessive evidence
The government acknowledged that it had introduced over 7 million pages of new evidence in recent days but informed the court that much the of the materials were seized from Bankman-Fried's own Google accounts.
Regulation
SEC’s sealed motion against Binance could be related to DOJ charges: Former SEC official
The mysterious filing could also be sealed in order to protect witnesses.
Exchanges
Robinhood holds over $3B in Bitcoin, ranks alongside Binance and Bitfinex’s biggest wallets
According to recent investigative reports, Robinhood owns the third-largest BTC wallet — holding about $3 billion of BTC — a fraction of the $11.5 billion of crypto that it safeguards for its users.
Exchanges
Binance mulls exiting Russian market
The company previously attracted criticism for supporting sanctioned Russian banks.
Regulation
Republican lawmakers object to Fed’s proposed crypto, stablecoin rules
Rep. Patrick McHenry and others warn that the Fed's new written-permission requirement may force banks out of participating in the development of the digital asset ecosystem altogether.
Legal
U.S. government hits Bankman-Fried and attorneys with 4 million pages of discovery documents
The former FTX CEO's lawyers argue that the government is overwhelming their client without allowing him the ability to adequately prepare his case.
Exchanges
Binance removes five sanctioned Russian banks from P2P trading: WSJ
Controversy around those Russian banks emerged earlier in the week, when WSJ claimed that the company continued to allow peer-to-peer trading involving the Russian banks in question.