PayPal stablecoin PYUSD launches on Ethereum.

In a move signaling the significant shift towards digital currencies, PayPal has announced the launch of its U. S. dollar-backed stablecoin – PayPal USD (PYUSD). This development, announced by PayPal directly, adds a new dimension to the emerging potential of regulated, fully-backed stablecoins in transforming payments in digitally native environments like web3. origin »

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MakerDAO DAI supply gains $200M as interest rate surges to 8%.

MakerDAO DAI‘s stablecoin supply increased by $200 million after its interest rate increased by 8% for holders depositing into the protocol. On Aug. 6, MakerDAO’s founder Rune Christensen revealed that Dai Savings Rate (DSR) was paying the high yield rate for the stablecoin holders “at no additional risk. origin »

Crypto Market Forecast: Week of August 7th 2023.

A curated weekly summary of forward-focused crypto news that matters. This week, the credit rating of long-term US debt is downgraded, Coinbase fights back against an SEC lawsuit, and GLASSNODE's latest weekly report explores the recent improvement in sentiment across the DeFi space. origin »

Largest Bitcoin ETP outflow since March as profit taking continues.

The exchange-traded digital asset market has seen considerable outflows this week, marking a total of $107 million, illustrating an accelerated pace of ongoing profit-taking over the past weeks. CoinShares’ Digital Asset Fund Flows Weekly report stated that Bitcoin took center stage with outflows amounting to $111 million, recording the most significant weekly outflows since March […] The post Largest Bitcoin ETP outflow since March as profit taking continues appeared first on CryptoSlate. origin »

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Shiba Memu generates fresh buzz with BitMart listing.

Shiba Memu (SHMU) has hit a new milestone in its presale and released a major announcement amid the broader market malaise. On August 3, the new artificial intelligence-powered crypto project made waves across the meme coin world with the announcement of its listing on BitMart – one of the top crypto exchanges in the market. origin »

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