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Paypal First PYUSD Report Shows Stablecoin Reaching Only $44M Market Capitalization: According to its first transparency report, PayPal's stablecoin, PYUSD, has seen limited acceptance despite its potential for global payments.

👉Details: https://coinmarketcap.com/academy/article/paypal-first-pyusd-report-shows-stablecoin-reaching-only-dollar44m-market-capitalization

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3AC’s Su Zhu and Kyle Davies Hit With 9 Year Prohibition Order by Monetary Authority of Singapore
: The founders, Su Zhu and Kyle Davies, are prohibited from participating, taking part in the management, or becoming a substantial shareholder of any financial services firm.

👉Details: https://coinmarketcap.com/alexandria/article/3acs-su-zhu-and-kyle-davies-hit-with-9-year-prohibition-order-by-monetary-authority-of-singapore

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Paxos Behind $500K Bitcoin Fee Overpayment For $2K Worth of BTC Transfer
: Paxos, the issuer of stablecoins such as PayPal USD (PYUSD) and Pax Dollar (USDP), has confirmed responsibility for the recent incident involving a $500,000 overpayment in Bitcoin fees.

👉Details: https://coinmarketcap.com/alexandria/article/paxos-behind-dollar500k-bitcoin-fee-overpayment-for-dollar2k-worth-of-btc-transfer

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August’s CPI Higher Than Expected, But Crypto Prices Remain Flat
: On Wednesday, cryptocurrency prices remained stable as the latest inflation statistics from the United States showed a modest uptick.

👉Details: https://coinmarketcap.com/alexandria/article/augusts-cpi-higher-than-expected-but-crypto-prices-remain-flat

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Will FTX Dump Its Crypto Holdings?: A breakdown of crypto assets under the FTX bankruptcy estate.

👉Details: https://coinmarketcap.com/alexandria/article/will-ftx-dump-its-crypto-holdings

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Hong Kong and Israel Completes Retail CBDC Test: The Bank for International Settlements (BIS) has released the findings of Project Sela, a public-private partnership aiming at developing a retail central bank digital currency (rCBDC).

👉Details: https://coinmarketcap.com/alexandria/article/hong-kong-and-israel-completes-retail-cbdc-test

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$1.4 Trillion Asset Manager Franklin Templeton Files for Spot Bitcoin ETF: Franklin Templeton, a well-known asset manager with $1.4 trillion in assets under management, has filed for a spot Bitcoin exchange-traded fund (ETF).

👉Details: https://coinmarketcap.com/alexandria/article/dollar14-trillion-asset-manager-franklin-templeton-files-for-spot-bitcoin-etf

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🗞 CryptoNews of the Day 🗞

Decentralized Exchange Sushi Launches on Aptos: Sushi, a prominent decentralized exchange (DEX), has expanded its services to Aptos, a layer-1 blockchain.

👉Details: https://coinmarketcap.com/alexandria/article/decentralized-exchange-sushi-launches-on-aptos

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Gensler Slams Crypto’s “Wide-Ranging Non-Compliance” Ahead of Hearing on SEC’s Oversight: SEC Chair Gary Gensler remains steadfast in his tough stance on cryptocurrencies, as indicated by his written remarks ahead of his testimony on SEC oversight.

👉Details: https://coinmarketcap.com/alexandria/article/gensler-slams-cryptos-wide-ranging-non-compliance-ahead-of-hearing-on-secs-oversight

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FTX’s Crypto Portfolio Worth $3.4B, Consists of $1.16B of Solana: Bankrupt crypto exchange FTX has revealed in a court filing that its liquid crypto portfolio is worth $3.4 billion, which consists of $1.16 billion worth of Solana (SOL) tokens.

👉Details: https://coinmarketcap.com/alexandria/article/ftxs-crypto-portfolio-worth-dollar34b-consists-of-dollar116b-of-solana

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Coinbase Clarifies Discontinuation Reports, Cites Non-Compliance As Reason: Coinbase issues clarification after reports of discontinuing exchange services for Indian consumers.

👉Details: https://coinmarketcap.com/alexandria/article/coinbase-clarifies-discontinuation-reports-cites-non-compliance-as-reason

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Ripple Announce Acquisition of Crypto Custodian Fortress Trust
:
Blockchain company Ripple revealed its plans to acquire Nevada-based financial and technology infrastructure provider Fortress Trust on Friday.

👉Details: https://coinmarketcap.com/alexandria/article/ripple-announce-acquisition-of-crypto-custodian-fortress-trust

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FTX Sues LayerZero Labs, Seeks To Reclaim $21M in Funds: Bankrupt cryptocurrency exchange FTX has taken legal action against cross-chain protocol LayerZero Labs, aiming to reclaim $21 million in funds.

👉Details: https://coinmarketcap.com/alexandria/article/ftx-sues-layerzero-labs-seeks-to-reclaim-dollar21m-in-funds

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Taiwan's FSC to Ban Unregistered Offshore Crypto Exchanges: Taiwan's FSC drafts guidelines for regulating virtual currencies.

👉Details: https://coinmarketcap.com/alexandria/article/taiwans-fsc-to-ban-unregistered-offshore-crypto-exchanges

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Southeast Asia Ride Hailing Super App Grab Launches Web3 Services to 35M Monthly Users: Popular ride-hailing super-app Grab has taken a leap into the world of web3, offering its users a range of blockchain-enabled features.

👉Details: https://coinmarketcap.com/alexandria/article/southeast-asia-ride-hailing-super-app-grab-launches-web3-services-to-35m-monthly-users

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Circle Partners With Grab To Launch Web3 Experiences in Singapore: The aim of this pilot is to demonstrate real-world use of Purpose Bound Money, as part of the Monetary Authority of Singapore (MAS)’s Project Orchid.

👉Details: https://coinmarketcap.com/alexandria/article/circle-partners-with-grab-to-launch-web3-experiences-in-singapore

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Huobi Exchange Announces Rebranding to HTX on 10th Anniversary
: Cryptocurrency exchange Huobi has announced its rebranding as "HTX" on its 10th anniversary, a move that has sparked controversy and drawn comparisons to the now-defunct exchange FTX.

👉Details: https://coinmarketcap.com/alexandria/article/huobi-exchange-announces-rebranding-to-htx-on-10th-anniversary

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$54M CoinEx Hack Linked to North Korean Lazarus Group
: Evidence suggests that the recent security breach at CoinEx exchange, resulting in an estimated $54 million worth of tokens being stolen, may be linked to North Korean attackers.

👉Details: https://coinmarketcap.com/alexandria/article/dollar54m-coinex-hack-linked-to-north-korean-lazarus-group

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FTX Granted Court Approval To Sell $3.4 Billion in Crypto Assets Amid Bankruptcy Proceedings
: In an important move for the bankrupt digital asset exchange FTX, Judge John Dorsey has approved the sale of $3.4 billion in crypto assets.

👉Details: https://coinmarketcap.com/alexandria/article/ftx-granted-court-approval-to-sell-dollar34-billion-in-crypto-assets-amid-bankruptcy-proceedings

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CoinEx Faces Suspected Hack after Large Outflows From Hot Wallets: Crypto exchange CoinEx faced a potential security breach on September 12, as unusually large outflows were detected.

👉Details: https://coinmarketcap.com/alexandria/article/coinex-faces-suspected-hack-after-large-outflows-from-hot-wallets

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Vitalik Buterin Reveals SIM Swap Attack Used by Hackers To Gain Control of X Account: Vitalik Buterin, the co-founder of Ethereum, has revealed the details of a recent hack that resulted in the theft of $691,000 from his Twitter followers.

👉Details: https://coinmarketcap.com/alexandria/article/vitalik-buterin-reveals-sim-swap-attack-used-by-hackers-to-gain-control-of-x-account

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Coinbase CEO Brian Armstrong Believes "Flatcoins" Are the Future of Stablecoins: Coinbase CEO Brian Armstrong has expressed his belief that "flatcoins" are the next evolution of stablecoins.

👉Details: https://coinmarketcap.com/alexandria/article/coinbase-ceo-brian-armstrong-believes-flatcoins-are-the-future-of-stablecoins

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Ethereum Is the “Most Sold Digital Asset by Large Entities,” Outflows Exceed $100M in 2023: Ethereum (ETH) has experienced significant outflows from institutional investors in 2023, with sales reaching over $108 million year-to-date.

👉Details: https://coinmarketcap.com/alexandria/article/ethereum-is-the-most-sold-digital-asset-by-large-entities-outflows-exceed-dollar100m-in-2023

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Tether’s Paolo Ardoino To Testify This Week in Market Manipulation Lawsuit: Bitfinex and Tether CTO Paolo Ardoino will be deposed this week as part of an ongoing class-action lawsuit against both businesses and their related executives.

👉Details: https://coinmarketcap.com/alexandria/article/tethers-paolo-ardoino-to-testify-this-week-in-market-manipulation-lawsuit

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#CMC is hosting its first-ever French #CMCLive with Cointribune! 🇫🇷

Rejoignez le premier CMC-Live en français! 🔥

Mark the date: Tuesday, Sep 12 at 3PM UTC
📌 Set a Reminder: https://coinmarketcap.com/community/post/330852424

#Crypto French users, let us see you there!

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🗞 CryptoNews of the Day 🗞

FTX Seeks To Claim Back Millions in Payments to Celebrity Athletes like Shaq, Naomi Osaka
:
FTX, a bankrupt crypto exchange, is investigating the possibility of reclaiming millions of dollars paid to celebrity athletes and sports teams for promoting.

👉Details: https://coinmarketcap.com/alexandria/article/ftx-seeks-to-claim-back-millions-in-payments-to-celebrity-athletes-like-shaq-naomi-osaka

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G20 Moves Ahead With International Framework for Crypto Assets: Leaders of the G20, the world's 20 largest economies, are urging a speedy implementation of a cross-border framework for crypto assets.

👉Details: https://coinmarketcap.com/alexandria/article/g20-moves-ahead-with-international-framework-for-crypto-assets

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Vitalik Buterin’s X Account Hacked, Attacker Stole Over $690K: Ethereum co-founder Vitalik Buterin has become the latest victim of a Twitter hack.

👉Details: https://coinmarketcap.com/alexandria/article/vitalik-buterins-x-account-hacked-attacker-stole-over-dollar690k

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CFTC Takes Action Against DeFi Protocols Opyn, ZeroEx and Deridex for Failing to Register Derivatives Trading Offerings: The United States Commodity Futures Trading Commission (CFTC) has initiated regulatory action against three decentralized finance (DeFi) protocols.

👉Details: https://coinmarketcap.com/alexandria/article/cftc-takes-action-against-defi-protocols-opyn-zeroex-and-deridex-for-failing-to-register-derivatives-trading-offerings

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🗞 CryptoNews of the Day 🗞

North Korean Hacker Group Lazarus Steals $41M in Crypto From Stake: FBI: The FBI has announced that the Lazarus Group, a North Korean hacker organization, is responsible for a $41 million cryptocurrency theft from the cryptocurrency casino Stake.

👉Details: https://coinmarketcap.com/alexandria/article/north-korean-hacker-group-lazarus-steals-dollar41m-in-crypto-from-stake-fbi

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