Market
Crime
NFT thefts decline as FBI exposes new developer impersonation scams
NFT thefts declined by more than 30% in July, according to PeckShield.
Exchanges
Binance becomes El Salvador’s first licensed crypto exchange amid regulatory struggles worldwide
Binance said it is now licensed across 18 countries, including Dubai, France, Italy, Spain, Japan, Sweden, etc.
Stablecoins
Tether ‘welcomes’ PayPal’s PYUSD stablecoin to the market, says CTO Paolo Ardoino
Ardoino explained why Tether's onboarding process required strict anti-money laundering and know-your-customer process.
Exchanges
Huobi announces no-fee trading for PayPal’s $26M market cap PYUSD
Huobi advisor Justin Sun has invited PayPal to issue the stablecoin on Tron.
Stablecoins
Circle CEO addresses USDC liquidity concerns, welcomes PayPal move into stablecoins
The Circle CEO stated that 70% of USDC's adoption was majorly driven from non-U.S. markets.
Legal
Ripple legal chief urges investigation into ex-SEC official over Ethereum speech controversy
Ripple CLO argued that the investigation would provide clarity about Hinman motivations for the speech.
DeFi
Lido adoption surges with 10,000 new stakers despite Ethereum’s price struggles
Lido detailed how the Curve Finance exploit impacted its project.
Investments
Singapore pledges $112M to foster fintech and web3 innovation
Singapore's MAS said individual web3 projects would get grant funding to support actual trial and commercialization of their products.
Stablecoins
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.
DeFi
Curve Finance opens $1.85M bounty to public for help recovering funds after DeFi exploits
DeFi projects are reducing exposure to Curve's embattled CRV token.
Tokenization
Worldcoin global ID demand doubles despite regulatory hiccup, WLD token turbulence
Worldcoin founder founder Sam Altman previously said the project was onboarding eight users per second.
Hacks
Curve attacker begins to return stolen funds after bounty issued
Contagion fears still exist in the market as the Curve founder used the token as collateral for some of his debt.