PayPal Enables PYUSD to Bitcoin and Crypto Conversions

Amid its stablecoin launch, PayPal unveils a seamless conversion feature, enabling users to convert PYUSD and diverse crypto assets. The payment giant introduces the Cryptocurrency Hub service, facilitating crypto sales, purchases, and other functions using PayPal and PYUSD.

Landmark Achievement: Europe’s First Spot Bitcoin ETF Marks Crucial Milestone

Europe’s First Bitcoin ETF Launch: London’s Jacobi Asset Management introduces the Jacobi FT Wilshere Bitcoin ETF, opening pathways for European investors to engage with digital assets. After a two-year wait since approval, this landmark ETF, regulated by GFSC as ‘BCOIN,’ exemplifies Europe’s dedication to innovative investments in the thriving cryptocurrency sector

Stellar Invests in MoneyGram, Secures Board Seat

Following years of collaboration, the Stellar Development Foundation has made an investment in MoneyGram International, solidifying their business partnership. As a result, SDF secures a position on MoneyGram’s Board of Directors

Sei Token Value Plummets by 31% Amidst User Airdrop Claims

Sei Token’s Value Falls Sharply by 31% in a Single Day, Sliding from $0.27 to $0.185. This Decline Coincides with the Commencement of Airdrop Claims by the Sei Foundation

Shiba Inu’s Shibarium Encounters Technical Challenges Shortly After Launch

Shiba Inu’s Shibarium Faces Glitches Post-Launch: $2M ETH Stuck, Caution Advised. Despite successful testing with 21M users, technical issues led to $SHIB’s 6.68% drop in value. New ‘proof-of-participation’ consensus aims for efficiency, but launch impact has been rocky

Hacker Crafts Memecoin After RocketSwap’s $870,000 Theft

RocketSwap, a Base Layer 2 decentralized exchange, was hacked, causing the loss of 471 ETH ($870,000). The hacker shifted the assets to Ethereum and introduced a memecoin called LoveRCKT

Institutional XRP Holdings Surge Amidst Ripple’s SEC Victory.

After a partial victory in the SEC lawsuit, Ripple’s XRP experienced a surge in volumes and prices as traders anticipated a bullish trend. However, subsequent data from Coinmarketcap indicates a 13.39% monthly decrease in XRP’s value. On-chain data reveals profit-taking by large holders, adding to selling pressure. On a positive note, institutional investors are showing renewed interest, with XRP digital asset fund inflows rising steadily. CoinShares’ weekly report highlighted $0.5 million in XRP inflows.

Upcoming Airdrop: Connext’s Native Token ‘Next’ in September

Connext, an interoperability project, is set to introduce its native token ‘Next’ on September 5th. Through collaboration with Tokensoft, users can claim tokens across chains without bridges or extra gas fees

HBAR Surges 15% on FedNow Backing for Real-Time Transactions

The value of Hedera network’s native HBAR token surged by around 15% in the past 24 hours, reaching $0.06392, as per CryptoSlate data. This adds to a positive month for the network, highlighted by joining Blockchain for Europe and achieving 17 billion transactions. Despite past setbacks, the network processed 17.4 billion transactions with 3.1 million accounts.”

Hedera’s HBAR Soars with FedNow Support

Hedera’s price surge led to a remarkable 1,290% surge in 24-hour trading volume, with over $224 million HBAR tokens traded by 11 am ET. Despite dipping below $0.060 last week, the cryptocurrency rose 17% and continued to climb, marking a 25% increase in the past 30 days.