First, #PayPal's stablecoin $PYUSD has surpassed $1 billion in market cap! 🌐According to DeFillama, 63.96% of the $1.013 billion is on #Solana, while#Ethereumaccounts for 36.04%. Solana is clearly rising in the stablecoin ecosystem, while Ethereum's position remains solid. 📈
Next up,#Bitcoinscaling network#FractalBitcoinannounced that it will be launching mainnet on September 9th. 🚀 They decided to allocate 80% of tokens to the community, with a lock-up period for team and contributors. In this way, Fractal not only demonstrates its commitment to the community, but also lays a solid foundation for future governance and development. 💪
Internationally, Russia is accelerating the cross-border transactions of cryptocurrencies to cope with the payment challenges brought by sanctions. It is said that they are about to experiment with cryptocurrency exchanges to ease the pressure on enterprises. At the same time, France has also strengthened supervision in the field of encryption, especially the detention of Telegram CEO Durov. Although Macron said that this is not a political act, there are more and more discussions about this matter around the world, especially the attention to encryption applications is also increasing. 🌍
While the detention of Telcoin CEO has raised concerns in the community, this has not affected Telegram’s DOGS coin at all! 🔥 DOGS is a meme coin based on the#Telegramcommunity spirit, inspired by Durov’s mascot Spotty. Just recently, DOGS was successfully launched on Binance, showing the community’s support. The TON community also celebrated the launch of the on-chain claiming process for DOGS, which has reached a processing speed of 150,000 times per minute and is expected to continue to increase. 🎉
At the same time, the discussion about money laundering with virtual assets is getting more and more heated. In particular, the Economic Daily pointed out that virtual assets are intertwined with crimes such as telecommunications fraud and online gambling, becoming a hotbed for money laundering. How to effectively regulate has become a common challenge for the world. ⚠️
Finally, let's take a look at some news from the United States. #KamalaHarris' campaign team revealed that since she took over from Biden, she has raised $540 million in just over a month, surpassing Trump and demonstrating her strong mobilization ability. 💸 According to CME's "Fed Watch" data, the probability of the Fed cutting interest rates by 25 basis points in September is 68%, which may be a signal from the market. Deutsche Bank recommends shorting 10-year U.S. Treasury bonds, believing that the resilience of the U.S. job market will push up Treasury yields. 🔮
#CryptoNews #Web3
