Is PayPal's PYUSD Already Crashing and Burning?

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The issuer of PayPal's stablecoin, Paxos Trust, stated last month that it has $45.3 million in assets backing PYUSD. While over $1.5 million was backed by ... [Chinese Fintech Giant Ant Group Divest $100M Stake in A&T Capital To Focus on AI](~/AAQRxQA~/RgRm7BmHP0TqaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY2hpbmVzZS1maW50ZWNoLWdpYW50LWFudC1ncm91cC1kaXZlc3QtZG9sbGFyMTAwbS1zdGFrZS1pbi1hYW5kdC1jYXBpdGFsLXRvLWZvY3VzLW9uLWFpP3V0bV9zb3VyY2U9Y29pbm1hcmtldGNhcCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1kYWlseW5ld3NsZXR0ZXImdXRtX2NvbnRlbnQ9ZW4mdXRtX3Rlcm09bmV3c2xpbmtzVwNzcGNCCmT6iJQJZVVjN5hSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) Ant Group, the Chinese fintech giant founded by Jack Ma, is reportedly leaving the cryptocurrency sector by selling its $100 million stake in A&T Capital. The move comes as Ant Group aims to streamline its business operations and focus on its core strengths. The company has been exploring AI applications in ... [Citi Expands Digital Asset Services, Offers Tokenized Bond Trading](~/AAQRxQA~/RgRm7BmHP0TUaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY2l0aS1leHBhbmRzLWRpZ2l0YWwtYXNzZXQtc2VydmljZXMtb2ZmZXJzLXRva2VuaXplZC1ib25kLXRyYWRpbmc_dXRtX3NvdXJjZT1jb2lubWFya2V0Y2FwJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPWRhaWx5bmV3c2xldHRlciZ1dG1fY29udGVudD1lbiZ1dG1fdGVybT1uZXdzbGlua3NXA3NwY0IKZPqIlAllVWM3mFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) Citi, one of the world's leading financial institutions, has announced the expansion of its digital asset services. The move is part of Citi's ongoing efforts to embrace emerging technologies and provide innovative solutions for its institutional clients. Citigroup is expanding its digital asset offerings ... [Cosmos-based Canto and Leading Polkadot Chain Astar Moves to Ethereum as Layer-2s](~/AAQRxQA~/RgRm7BmHP0TkaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY29zbW9zLWJhc2VkLWNhbnRvLWFuZC1sZWFkaW5nLXBvbGthZG90LWNoYWluLWFzdGFyLW1vdmVzLXRvLWV0aGVyZXVtLWFzLWxheWVyLTJzP3V0bV9zb3VyY2U9Y29pbm1hcmtldGNhcCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1kYWlseW5ld3NsZXR0ZXImdXRtX2NvbnRlbnQ9ZW4mdXRtX3Rlcm09bmV3c2xpbmtzVwNzcGNCCmT6iJQJZVVjN5hSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) Canto, a Cosmos-based blockchain, and Astar, a leading Polkadot chain, have both announced that they will be moving to Ethereum as Layer-2 solutions. The move is aimed at improving scalability and interoperability between different blockchain networks. Canto is a layer-1 permissionless general-purpose blockchain on ... [Stoner Cats NFT Banned From Marketplaces After SEC Charges](~/AAQRxQA~/RgRm7BmHP0TNaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc3RvbmVyLWNhdHMtbmZ0LWJhbm5lZC1mcm9tLW1hcmtldHBsYWNlcy1hZnRlci1zZWMtY2hhcmdlcz91dG1fc291cmNlPWNvaW5tYXJrZXRjYXAmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249ZGFpbHluZXdzbGV0dGVyJnV0bV9jb250ZW50PWVuJnV0bV90ZXJtPW5ld3NsaW5rc1cDc3BjQgpk-oiUCWVVYzeYUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) The Stoner Cats NFT project, which was co-created by actress Mila Kunis and is related to a celebrity-filled cartoon series, has been removed from major NFT marketplaces like OpenSea, Blur, and Rarible following charges by the US Securities and Exchange Commission (SEC) for conducting an ... [Load More](~/AAQRxQA~/RgRm7BmHP0SOaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hbGV4YW5kcmlhP3V0bV9zb3VyY2U9Y29pbm1hcmtldGNhcCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1kYWlseW5ld3NsZXR0ZXImdXRtX2NvbnRlbnQ9ZW4mdXRtX3Rlcm09YWxleGFuZHJpYVcDc3BjQgpk-oiUCWVVYzeYUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) CMC Community Live Deep diving in Mantle [CMC Community Live: Deep diving in Mantle](~/AAQRxQA~/RgRm7BmHP0STaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvcG9zdC8zMzA5MzY1NjAvP3V0bV9zb3VyY2U9Y29pbm1hcmtldGNhcCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1jb21tdW5pdHkmdXRtX2NvbnRlbnQ9ZW4mdXRtX3Rlcm09bWFudGxlVwNzcGNCCmT6iJQJZVVjN5hSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) Tuesday, 19 Sep on 3PM UTC Today we explore the burgeoning DeFi ecosystem within Mantle, delve into its decentralized and transparent operational model, discuss Mantle's community-driven approach to governance, and uncover the power of its modular technology through its strategic partnership with EigenLayer. [Join Us Soon](~/AAQRxQA~/RgRm7BmHP0STaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvcG9zdC8zMzA5MzY1NjAvP3V0bV9zb3VyY2U9Y29pbm1hcmtldGNhcCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1jb21tdW5pdHkmdXRtX2NvbnRlbnQ9ZW4mdXRtX3Rlcm09bWFudGxlVwNzcGNCCmT6iJQJZVVjN5hSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [Last Week on Crypto Twitter: What Has Crypto Achieved For Humanity?](~/AAQRxQA~/RgRm7BmHP0TVaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvbGFzdC13ZWVrLW9uLWNyeXB0by10d2l0dGVyLXdoYXQtaGFzLWNyeXB0by1hY2hpZXZlZC1mb3ItaHVtYW5pdHk_dXRtX3NvdXJjZT1jb2lubWFya2V0Y2FwJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPWRhaWx5bmV3c2xldHRlciZ1dG1fY29udGVudD1lbiZ1dG1fdGVybT1hbGV4YW5kcmlhVwNzcGNCCmT6iJQJZVVjN5hSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) Last Week on Crypto Twitter: What Has Crypto Achieved For Humanity? We are at the stage of the bear market where we are now pondering: what has crypto achieved for humanity? [Read More](~/AAQRxQA~/RgRm7BmHP0TVaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvbGFzdC13ZWVrLW9uLWNyeXB0by10d2l0dGVyLXdoYXQtaGFzLWNyeXB0by1hY2hpZXZlZC1mb3ItaHVtYW5pdHk_dXRtX3NvdXJjZT1jb2lubWFya2V0Y2FwJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPWRhaWx5bmV3c2xldHRlciZ1dG1fY29udGVudD1lbiZ1dG1fdGVybT1hbGV4YW5kcmlhVwNzcGNCCmT6iJQJZVVjN5hSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [Transforming the Workforce: The Evolving Role of DAOs in Shaping the Future of Work](~/AAQRxQA~/RgRm7BmHP0TmaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdHJhbnNmb3JtaW5nLXRoZS13b3JrZm9yY2UtdGhlLWV2b2x2aW5nLXJvbGUtb2YtZGFvcy1pbi1zaGFwaW5nLXRoZS1mdXR1cmUtb2Ytd29yaz91dG1fc291cmNlPWNvaW5tYXJrZXRjYXAmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249ZGFpbHluZXdzbGV0dGVyJnV0bV9jb250ZW50PWVuJnV0bV90ZXJtPWFsZXhhbmRyaWFXA3NwY0IKZPqIlAllVWM3mFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) Transforming the Workforce: The Evolving Role of DAOs in Shaping the Future of Work Op-Ed: If the future of work is to be on-chain, we need to address how DAOs can better maintain governance, keep contributors actively engaged, and ensure proper compensation of all members. [Read More](~/AAQRxQA~/RgRm7BmHP0TmaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdHJhbnNmb3JtaW5nLXRoZS13b3JrZm9yY2UtdGhlLWV2b2x2aW5nLXJvbGUtb2YtZGFvcy1pbi1zaGFwaW5nLXRoZS1mdXR1cmUtb2Ytd29yaz91dG1fc291cmNlPWNvaW5tYXJrZXRjYXAmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249ZGFpbHluZXdzbGV0dGVyJnV0bV9jb250ZW50PWVuJnV0bV90ZXJtPWFsZXhhbmRyaWFXA3NwY0IKZPqIlAllVWM3mFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) Thanks for reading! Have a great day — more news tomorrow! 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